Death By 1,000 Slashes
A report from Deseret News on Idaho. "'The sky is not falling,' said TJ Pierce, a real estate agent in Boise. 'Everybody knew it wasn’t going to last. It’s just a matter of how long.' Hop over to a more…
If Property Prices Stop Growing, We Won’t Buy
A report from Reuters. "The stock of housing under construction increased 1.3% to a rate of 1,426 million units last month, the highest since February 1974." From Market Watch. "Zillow’s unexpected announcement this week that it’s putting a temporary stop…
Don’t Be The Last One Off The Ship When It Springs A Leak
It's Friday desk clearing time for this blogger. "'I don't see a crash in prices coming, but I do see that our prices could level out in the coming months,' says Jena Turner, owner of Houston's Found Realty. 'I see…
What Changed, Predictably, Was Everything, But Not All At Once
A weekend topic starting with the Los Angeles Times. "The textbooks say that the securities markets exist to facilitate raising capital so that companies can thrive. In today’s investment world, that notion seems almost quaint. Business news pages and cable…
This Financialisation Of Housing Is A Worldwide Trend
A weekend topic starting with Mortgage News Daily. "Quontic Bank has expanded its very popular No Ratio program such that the borrower doesn’t put income or job on the application for owner-occupied borrowers. The borrower could have opened a business…
Owners Are Losing Interest, Losing Money Or Losing Hope, And Are Now Considering Transacting
A report from the Herald Tribune in Florida. "A new 5,335-square-foot Casey Key home with a private beach will be auctioned, without reserve, this month. The luxury house on Casey Key was built last year and has never been occupied,…
Money Is Almost Free But Trying To Get It Is Another Thing
It's Friday desk clearing time for this blogger. "October brought a degree of reprieve from seemingly relentless price increases for Seattle-area home shoppers, as median prices in King County dipped slightly from September. The Seattle condo market, meanwhile, is 'presenting…
The Real Estate Debt Cycle Has Entered A New Phase
It's Friday desk clearing time for this blogger. "The number of active listings in the Northern Virginia Association of Realtors region at the end of September was down 5.6% from a year ago, but an encouraging sign for potential buyers…
Perhaps The Love Affair Has Finally Met The Bullet It Can’t Dodge
A report from CTV News in Canada. "Ari Newman has called Vancouver’s Strathcona neighbourhood home for the last three years, but that’s about to change. 'It’s been an increasingly bad experience living in Strathcona,' he told CTV News. 'I’m seeing…
Sellers Who Want To Do Deals Need To Add On Another Layer Of Discount
It's Friday desk clearing time for this blogger. "Mortgage delinquencies showed their sharpest rise in the history of the Mortgage Bankers Association’s delinquency survey. 'There is no way to sugarcoat a 32.9 percent drop in GDP during the second quarter,'…