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 report from Go Banking Rates. "Although Florida has made headlines lately due to the rising cost of home insurance premiums, it’s not the only state suffering. Robb Lanham, Chief Sales Officer for HUB Private Client listed California, Texas, Colorado,…
A report from the Gazette Journal in Nevada. "On Aug. 17, the National Association of Realtors will implement changes that its members must follow as part of a sweeping $418 million settlement over its practices. One potential concern from the…
It's Friday desk clearing time for this blogger. "More homes have become available in Spokane and Coeur d’Alene, but the sales pace continues to remain muted compared to the chaos of the local economy as it emerged from the coronavirus…
A report from the Daily Breeze in California. "How is the housing market doing? The answer depends on whom you ask, says Lawrence Yun, chief economist for the National Association of Realtors. 'Some people will say it is terrible,' he…
A report from the Colorado Springs Gazette. "The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of…
What are your housing bubble predictions half way through the year? Six months ago: 'Here is my stopped clock recession prediction from a couple of days back: Was recession permanently avoided in 2023, or merely postponed? I predict the debate…
A report from Market Place. "The U.S. Supreme Court, in a 6-3 vote, upheld a law in the small southern Oregon town of Grants Pass on Friday that bans people from sleeping or camping in public places such as city…
A report from NBC News. "Today’s housing market has two competing realities: a cost crunch that shows no signs of stopping, and a stretch of rising inventories and slowing competition that could offer relief — for those who can afford…
A report from CNBC. "About 33.4% of single-family homes available for sale in the first quarter were newly built, almost double from pre-pandemic levels, according to Redfin. Over the last six months, the median price for a new home has…