A report from US News and World Report."It was a case of good news, bad news as new home sales increased by 12.3% in September while prices dropped sharply from a year ago, the Census Bureau said on Wednesday. Builders…
A report from the Sacramento Bee in California. "A bubble in need of bursting. An overheated environment that had to be cooled. A correction for a real estate market out of balance. Federal Reserve Chairman Jerome Powell has been upfront…
It's Friday desk clearing time for this blogger. "When Neil Harris moved his family to Miami from Tennessee in 2020 during Covid, he signed a $29,500-a-month lease for a beachfront apartment that he said was 'well worth it.' In April,…
It's Friday desk clearing time for this blogger. "Sellers dropped prices on more than a quarter of homes listed for sale in the Seattle area in September, slightly higher than the national average, according to Zillow. To entice buyers, Town…
A report from Vail Daily. "Mark Weinreich, a broker associate with Berkshire Hathaway HomeServices Colorado Properties’ Beaver Creek in the Villa Montane office, notes that for the resort and luxury market, there are more choices. Good properties priced to fair…
A weekend topic starting with Deseret News in Utah. "These days, just about anywhere along the Wasatch Front you can find workers building houses, pounding nails into wood-framed structures, installing sheet rock or putting finishing touches on homes designed to…
A report from the Journal Star in Illinois. "While the Peoria housing market is definitely still competitive, it’s not as bad as it was just last year, said Peoria real estate agent Nick Schauble. 'The market has really cooled off.…
A report from Bloomberg. "Owners of San Francisco’s office towers, shopping centers, hotels and homes are flooding the county with appeals to slash their property assessments — and tax payments — as real estate prices sink in the beleaguered city.…
A report from the Idaho Statesman. "Borrowers struggling with a low credit score, history of bankruptcy or limited savings who may not be eligible for a conventional loan are taking advantage of Federal Housing Administration loans instead, said Jared Olsen,…
A report from the Wall Street Journal. "Some of the biggest names in commercial real-estate lending have all but turned off the spigot. Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real-estate investment trusts,…