A holiday topic starting with the Herald Tribune in Florida. "After back-to-back double-digit yearly growth coming out of the pandemic, real estate prices in Sarasota-Manatee will round out the year mostly flat. Robert Goldman, a local Realtor with Michael Saunders…
A report from Sarasota Magazine in Florida. "'Lots of sellers are over-asking and still aiming for the numbers they saw right after the pandemic,' says Bernadette Caswell, of Michael Saunders & Company. 'But that was a blip and it’s over.…
A report from the Wall Street Journal. "Danielle Tantone and her soon-to-be ex-husband, Michael Tantone, bought their Mesa, Ariz., area home in July 2022 with a mortgage of about $600,000 that carried an interest rate of 5.62%. Both planned to…
A report from the Bradenton Herald in Florida. "The median price for existing single-family houses in the Bradenton area fell 12.8% to $479,000 in October, the largest decline this year. It was also the first time since February 2022 that…
A report from ABC News. "Sky-high mortgage rates have helped slam the brakes on the housing market, recent data shows. The home resale market, meanwhile, slowed in July to its lowest rate since 2010, National Association of Realtors data showed…
A report from Yahoo Finance. "Thirty-year mortgage rates cross over 7 percent as elevated rates and affordability woes squeeze homebuyers out of the market. 'Right now the mortgage rates are touching that cyclical high level, I don't think it will…
A report from the Arizona Republic. "During the second quarter, about 30 Phoenix-area ZIP codes saw home prices fall. In the first quarter, about 75 Phoenix-area ZIP codes posted declines in median home prices, compared with roughly 100 during 2022’s…
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. "U.S. existing-home prices posted their biggest year-over-year decline in more than 11 years last month. The national median existing-home price fell 3.1% in May from a year earlier to $396,100, the largest…
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…