A report from CNBC. "Just because the Federal Reserve is nearing its inflation goal doesn't mean the problem is solved. Fed Chair Jerome Powell, in his annual policy speech at the Jackson Hole, Wyoming summit this August, joked about 'the…
It's Friday desk clearing time for this blogger. "The share of languishing listings has been accelerating thanks to a bump in more houses being offered for sale at the same time that demand has waned. Dawn Brenengen of Trailwood Realty…
A report from the Arizona Republic. "When Phoenix leaders set a goal to create or save 50,000 houses in a decade to improve home affordability, the Housing Director at the time questioned if it could be done. Four years later,…
A report from the Arizona Republic. "The number of February 2023 home sales in metro Phoenix was about 100 higher than February 2024, and the median price was about $28,000 less. 'If you found February’s sales volume numbers disappointing, you’re…
A report from 12 News in Arizona. "Michael and Danielle Tantone decided to divorce in August, but remained living in the same house for several months after. Although the couple said they felt separating was best for their relationship, the…
A report from the Bradenton Herald in Florida. "The median price for existing single-family houses in the Bradenton area fell 12.8% to $479,000 in October, the largest decline this year. It was also the first time since February 2022 that…
A report from Reuters. "New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said on Wednesday. May's sales pace was revised lower to 715,000 units from the previously reported 763,000…
A report from The Hill. "Nationwide home prices saw their steepest annual decline in more than a decade last month —falling by nearly $18,000, according to a report released Monday. Redfin found the largest drops in prices were in expensive…
A report from KVVU in Nevada. "Homeowners throughout the Las Vegas Valley in brand new homes say they’re dealing with ongoing problems that range from small to major. Doug and Sue Perns moved into their new home in September of…
A report from USA Today. "'A lot of the places, the Zoom towns that rose really rapidly in prices are cooling very rapidly and there's been a pretty swift change,' says Redfin Economist Sheharyar Bokhari. 'Price drops are increasing, and…