A report from the Washington Post. "For the past five years, the number of existing homes for sale has lagged below demand, setting the stage for a market that favors sellers. Could the tide finally be turning in favor of…
A report from the Review Journal in Nevada. "Homebuilders’ sales totals dipped throughout Southern Nevada early this year. But according to a report this week, buyer activity fell particularly hard in a normally hot spot for house construction: Summerlin. Builders…
A report from Bloomberg. "Sean Pan wanted to be rich, and his day job as an aeronautical engineer wasn’t cutting it. So at 27 he started a side gig flipping houses in the booming San Francisco Bay Area. He was…
A report from the Wall Street Journal. "Lumber prices typically rise in the spring as builders stock up for construction season. But this year, they are being hit hard by bad weather and a decline in home building. 'We’re starting…
A report from the Tennessean. "Home buyers are gaining the upper hand in Nashville as demand continues to trend down this year. The number of unsold homes in the Nashville Metro area sitting on the market in March – 11,510 –…
It's Friday desk clearing time for this blogger. "The new color for this spring's housing market map is red, as more and more Dallas-area neighborhoods show declines in purchases from a year ago and lower overall sales prices. The biggest…
A report from Los Altos Online in California. "Santa Clara County Assessor Larry Stone discussed current trends at the Rotary Club of Los Altos. Stone noted the median price of single-family homes over the last seven months has declined 16…
A report from Market Watch. "Sales of newly-constructed homes finally gained momentum after months in the doldrums. One thing that helped boost sales: lower prices. The median price of a home sold in March was $302,700, 9.7% lower than the…
A report from CNBC. "Sales of existing homes were weaker than expected in March. But behind the headline numbers, an even more disconcerting dynamic is playing out. Both the high end and the low end of the market are struggling…
It's Friday desk clearing time for this blogger. "'About 15 years ago – this is before the housing bubble burst – we had a similar situation where affordable housing was an issue,' said Marty Olejniczak, community development director for the…