A report from DS News. "'Homebuilders started scores of projects during the pandemic moving frenzy and are now stuck with a bunch of new houses that are hard to sell because mortgage rates have risen to 7%,' said Faith Floyd,…
A report from Bloomberg. "After an abrupt end to the US housing boom, home flippers who were winning big just months ago are now racing to stem losses. It’s a swift turnabout for flippers such as Tammi Merrell, who’s stuck…
A report from the Mortgage Research Council. "In July, there were 63,000 agreements for homes that were called off, about 16% of homes that were under contract, according to Redfin. That’s an increase from a revised rate of 15% in…
A report from the Spokesman Review in Washington. "'Real estate is a cyclical thing. What goes up, must come down,' Rob Higgins, executive officer for the Realtors association said of the local housing market. Spokane County's overheated housing market appears…
A report from the Marin Independent Journal. "Gloria Othon, 61, poured $115,000 into a year-long project to remodel the bathrooms and kitchen of her San Jose home. Othon and her husband bought the house in the Berryessa neighborhood in 1998…
A report from the Idaho Statesman. "Broker Kristin Scanlon predicts we will see home prices decrease again as existing home prices follow the decline of new home prices heading into winter. 'There are huge subdivisions going in left and right,'…
A report from the Wilsonville Spokesman in Oregon. "The market already has tapered a bit from its absolute highs a few months ago. 'We're seeing more price reduction come across the MLS (multiple listing service) than we've seen in over…
A report from 5280 on Colorado. "For single-family homes, CEO of BSW Real Estate Bret Weinstein notes that Denver’s housing market seems to be slowing down and finally experience the seasonality we were used to before the pandemic. 'We’re finally…
A report from the Wall Street Journal on California. "The property Jordan Mazer bought in December is the classic Venice beach house in more ways than one. Another thing that makes his property emblematic of the neighborhood: He paid $213,000…
A report from Forbes on New York. "'This certainly doesn’t look good,' Victor Rodriguez tells me. Rodriguez is Director of Market Analysts for real estate intelligence firm CoStar Group. 'The problem for New York City’s office and residential markets is…