A report from the Wall Street Journal. "Sales of existing homes rose slightly in May but held near historically low levels, the latest sign that buyers are staying away because of high home prices. This year’s spring has been a…
A report from Maui Now in Hawaii. "Blake Gray 'absolutely' thought about selling her Kīhei condominium last summer when she heard Maui County wanted to ban short-term rentals in apartment districts. Then a realtor convinced her not to take the…
A report from Yahoo Finance. "In the heart of the traditional spring homebuying season, sellers are enthusiastically listing. But increasingly, buyers just aren't materializing. 'Buyers have their choice, even though the market is stabilizing,' said Eve Metlis, a Realtor at…
A report from Marketplace. "Last spring, the National Association of Realtors reached a settlement in a big class-action lawsuit. But it turns out, very little has changed. Buyers’ agents are still making about the same amount on commissions now as…
A report from the Canadian Press. "Real estate broker Alexandra DuPont, who sells properties largely to Quebecers in southeast Florida, says she’s juggling twice her typical workload with 30-plus listings. 'I’ve never had this much in a decade. I picked…
A report from the Palm Beach Post in Florida. "Condo units in older buildings are not selling. Special assessments, levied to undertake the repairs, have been as high as $200,000 per unit owner. Repair bills can run as much as…
A report from the Scottsdale Progress in Arizona. "August brought dog days to the Scottsdale housing market. Pending sales plummeted year-over-year by 37.4% and new listings edged down 4.4% in the same time period, according to Phoenix Realtors. 'At the…
A report from the Naples Daily News in Florida. "Royal Palm's inventory has surpassed 6,300. That's more than 50% higher than a year ago as 1,930 new listings were added in May. A similar trend is pumping up Naples Area…
It's Friday desk clearing time for this blogger. "Coshocton County is low on housing in a lot of key areas with a need for more construction. Phil Hunt recently sold his mother's condominium, part of The Oaks subdivision, after she…
A report from the Real Deal on Illinois. "The luxury market is bouncing back in Chicago, save for one key submarket. Downtown there’s more than 26 months of inventory priced at $1.5 million and up. The condo market’s downturn was…