A report from the Telegraph. "Brad Pitt is one of a number of wealthy Californians offloading property in LA in an apparent effort to save millions of dollars in tax. The rush of properties coming to market, and the tax,…
A report from Reuters. "A 'bull case' scenario for the shares of beleaguered First Republic Bank as it considers its options became more difficult on Wednesday after Treasury Secretary Janet Yellen said there is no discussion on insurance for all…
A report from the Orange County Register. "When times get tough in homes sales, watch what the homebuilders are doing. Take Landsea Homes, a small builder that blossomed in California. It’s moving its headquarters to Texas as part of a…
A report from the Orange County Register in California. "Orange County’s more affordable housing has been hit harder by the home-price collapse coming off May 2022’s pandemic-fueled bubble. The countywide median selling price was $950,000 in January, according to CoreLogic.…
A report from CNBC. "Diana Olick: Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Applications to refinance a home loan fell 6% for…
A report from the Keene Sentinel in New Hampshire. "What broker A. Ranger Curran and others agree on is that the pandemic-fueled frenzy — where there were five to 10 offers in a week and buyers were willing to pay…
A report from 425 Business in Washington. "Snohomish County saw its median sales price settle at $645,000 last month, down 6.1 percent from a year ago, and also down from December, when the median was $679,000. Looking at single-family homes…
A report from Seven Days in Vermont. "When Moriah Stokes and Vincent Connolly purchased a second home in Morrisville in 2017, they already had plans to list it on Airbnb. The couple were living in Colorado at the time, and…
A report from the Boston Globe in Massachusetts. "For the two decades Erika Patino’s parents owned their modest two-family in Hyde Park, the house was a rock for them, their ticket to economic stability. As federal and state rental assistance…
It's Friday desk clearing time for this blogger. "In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for $22.5 million in…