A report from 425 Business in Washington. "Stubbornly high mortgage interest rates, low home inventory, and fewer homes listed for sale contributed to a decline in closed and pending sales of single-family homes and condominiums last month in King and…
A report from Market Watch. "It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report. 'Affordability pressure is not coming from interest rates alone, though,'…
A report from US News and World Report."It was a case of good news, bad news as new home sales increased by 12.3% in September while prices dropped sharply from a year ago, the Census Bureau said on Wednesday. Builders…
A holiday topic starting with the Dallas Morning News in Texas. "In 2021 the city’s office of homeless solutions launched an initiative to house 6,000 individuals, and despite the aggressive plan and $72 million, the office’s director said she doesn’t…
A report from The Street. "Florida's Sarasota is the city with the biggest increase of home listings hitting the market. Between May 2022 and 2023, there's been an 128.1% increase in for-sale properties. The high inventory has to do with…
It's Friday desk clearing time for this blogger. "The local housing market is not 'crashing at all,' said King County Assessor John Wilson. 'But the fact is, it’s finally kind of peaked.' In Seattle’s Queen Anne neighborhood, values declined 8%…
A weekend topic starting with the Globe and Mail in Canada. "Jamie Dimon said it was over, but it isn’t. The calm lasted two days. By Wednesday, contagion fear was prevalent again. PacWest Bancorp, a small regional lender based in…
It's Friday desk clearing time for this blogger. "Spring in the Seattle area looks a bit different from usual this year. The median single-family home in King County sold for $875,000 in April, down 12% from a year ago. The…
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 the Orange County Register. "Home values have declined from pandemic-era peaks in more than half the states and metropolitan areas, according to some new price data. The sharpest declines in metros were largely in California, Idaho and…