A report from the Boston Globe in Massachusetts. "The median sales price of a single-family home in Greater Boston dropped nearly 8 percent year over year to $700,000 in February, according to the Greater Boston Association of Realtors. 'People who…
A report from Yahoo Finance. "The stock of troubled San Francisco lender First Republic wobbled Monday after it announced it would stop paying dividends on its preferred stock and an analyst said the bank wouldn't be able to find a…
A report from USA Today. "'Prices would not have fallen if the Federal Reserve did not raise interest rates so aggressively,' says National Association of Realtors’ Chief Economist Lawrence Yun. 'One casualty of the Fed’s policy, aside from the regional…
A report from Mansion Global. "What goes up, must come down. That’s apparently the motto of the current U.S. housing market, which, after a wildly prosperous peak-pandemic run, is now seeing values plummet. Homeowners across the country have collectively lost…
A report from the Union Leader. "People bought nearly 40% fewer homes in New Hampshire in January than two years ago, the lowest one-month total in 12 years. Meanwhile, some areas are beginning to see lower prices than a year…
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 ABC News. "Wesley and Kimberly Robinson, both elementary school teachers, started building a new home for themselves and their two daughters in Rogers, Arkansas, last year, when interest rates were close to 3%. But their mortgage rate…
A report from the Sun Sentinel in Florida. "In the wee hours of Thursday morning, the folks who want a private 30-story condo built on a prized piece of taxpayer-owned beach in Hollywood went home without a deal. The project…
A report from Yahoo Finance. "Much of the blame rests with the Fed for 'way overstaying their welcome with [quantitative easing] and zero rates and badly misreading inflation that they are now being forced to play catch up with,' said…
It's Friday desk clearing time for this blogger. "'This continued demand for homes is enticing more homeowners to sell in order to avoid the fear of missing out on historically high prices,' said Redfin Chief Economist Daryl Fairweather. Redfin reported…