It's Friday desk clearing time for this blogger. "It was just last spring that home buyers in most of the nation were digging ever deeper into their pockets. And now, suddenly, they’re not. In Seattle, more than half of homes…
A report from CNBC. "Mortgage applications to purchase a newly built home dropped 11 percent in November, compared to a year ago, according to the Mortgage Bankers Association. This drop is surprising, given the sharp drop in mortgage rates in…
A report from TC Palm in Florida. "The latest data on new home sales nationwide are not encouraging. The Commerce Department reported that new home sales declined 8.9 percent in October on a seasonally adjusted basis, and sales have been falling at…
A report from the Houston Chronicle in Texas. "Even as mortgage rates climb in the coming years, they are likely to remain historically low. But that won’t matter to many homeowners who might be considering buying new digs. 'If you…
It's Friday desk clearing time for this blogger. "The housing market in Houston and across the country has been on a tear in recent years. Several recent reports from the government, analysts and real estate companies are starting to suggest…
A report from Mansion Global on Colorado. "The luxury real estate market in Aspen, Colorado, is coming off a poor third quarter. While prices dipped annually, they plummeted almost 20% on a quarterly basis, according to Douglas Elliman. In the…
A report from the Daily Mail on New York. "Justin Timberlake and Jessica Biel have reportedly slashed the price of their New York penthouse once again. After initially it putting up for sale for $7.995 million, the A-list couple are…
A report from the Mercury News in California. "There’s new hope on the horizon for harried renters struggling to afford the Bay Area’s astronomical prices — rents have started falling. Median rents dropped in September and August compared to the…
A report from the Nashville Ledger in Tennessee. "'I don’t want to appear desperate' is how sellers often respond when their listing agent tells them their house is not selling because the price is too high. Here’s what buyers really…
A report from Finance & Commerce on Minnesota. "J.P. Morgan is taking a steep haircut as it sells an Uptown Minneapolis apartment building. The Walkway, a 92-unit mixed-use luxury building at 1320 W. Lake St., was sold Sept. 26 for…