A report from National Mortgage Professional. "Nearly 56,000 home-purchase agreements were canceled in June, equal to 14.9% of homes that went under contract that month — the highest percentage of any June on record, according to Redfin. 'They’re backing out…
A holiday topic starting with News Corp Australia. "The Block stars Leah and Ash are not going to get a house sale for Christmas, and an update to the home’s listing will come as quite an kick in the teeth.…
A report from the Jamaica Plain Gazette in Massachusetts. "'Inventory is down across the Board,' said BJ Ray of the Boston Home Team of Unlimited Southeby’s International Realty. 'Specifically in JP, single-family listings and sales are down about 20% from…
A report from the Wall Street Journal. "Sheila Smith was set to get a mortgage for about $750,000 to buy an investment property in Sedona, Ariz., earlier this year. The lender, a regional bank, offered a starting interest rate of…
A report from the American Statesman in Texas. "StoryBuilt, one of Austin’s most active urban developers, has launched a major reorganization and furloughed employees as it deals with a financial meltdown. In a letter sent to StoryBuilt investors Friday, co-founder…
It's Friday desk clearing time for this blogger. "Jonathan Miller, CEO of real-estate consulting firm Miller Samuel said, 'Naples saw a price boom [during Covid] that…benefited from the restructuring of Florida as a place to live full time.' Median prices…
A report from Your Observer in Florida. "As the busy season on Longboat Key winds down, so does the demand for properties. The real estate market on the barrier island has slowed down alongside the area's. 'We’re seeing price reductions…
A weekend topic starting with Market Watch. "Home prices are falling, but the housing market is still too expensive for most Americans. The median price of a home in the U.S. was about $400,000 — about 5.6 times the real median…
A report from the Los Angeles Times in California. "Industry experts generally agree that L.A.’s luxury market has slowed down this year, and the data agree. 'I’ll do anything to sell,' said the owner of one home in Brentwood who…
A report from the Tribune in California. "If 2022 was a roller coaster for San Luis Obispo County's housing market, 2023 appears to have pumped the brakes somewhat. The median home price has cooled off to $790,000, a notable drop…