A report from the Red Hook Star Revue in New York. "'I think in the rental market the prices have definitely come down – I would say 20% from what the rents were historically in Red Hook, Cobble Hill and…
A report from the Washington Post. "Bidding wars, which terrify buyers and spark joy for sellers, have practically disappeared in many of the formerly most competitive markets, according to a new report by Redfin. Nationwide, just 13 percent of offers…
A report from Bloomberg. "Toll Brothers Inc.'s new home orders dropped 24 percent in the fiscal first quarter, the steepest annual decline for the biggest U.S. luxury homebuilder since the depths of the housing crash in 2010. Orders fell 62…
A report from the Wall Street Journal. "Home prices in 2018 grew at their slowest pace in four years, while construction slumped, signaling that the housing market started this year on shaky footing. Economists cautioned that a rebound to the…
A report from Kieth Jurow at Market Watch. "Remember all those sub-prime mortgages that blew up in 2007 and popped the housing bubble? The widely-held consensus is that millions of them were foreclosed as housing markets cratered. Since then, the…
A report from the Los Angeles Daily News in California. "The San Fernando Valley’s real estate market pendulum is swinging toward home buyers, leaving sellers on the other end cautious these days, according to experts. 'Buyers now have way more negotiating…
It's Friday desk clearing time for this blogger. "Andrew Bauer, deputy regional executive for the Richmond Federal Reserve Bank’s Baltimore branch said the weakness of Maryland’s housing market 'astounds' him. We’re not a state like some of the other states…
A report from Bloomberg. "The luxury real estate market in 2018 wasn’t great for many people. Sellers in cities as far apart as London, Los Angeles, and New York found themselves facing daunting macro- and microeconomic headwinds, while buyers, on…
A report from the Seattle Times in Washington. "Seattle for nearly two years led the 20-city S&P CoreLogic Case-Shiller index in annual price growth for homes, but falling prices here in recent months have now dropped it to fourth place.…
It's Friday desk clearing time for this blogger. " The year 2018 was one of ebbing expectations. Early in the year the local market was still rather robust with limited inventory and relatively strong demand from buyers. Sellers were still…