This Is No Garden Variety Lawsuit
A report from Market Watch. "A new class-action lawsuit takes aim at real estate agents and the tools they use to do business. The suit was filed in Chicago on behalf of anyone who sold a home through one of…
Pricing Is Definitely Under Pressure
A report from Forbes. "In the last year, national home prices have jumped just 0.6%, according to the Housing Market Tracker from Redfin. Just one year ago, annual home price gains were nearing 10%. Add in that housing inventory is…
Which Investors Might Be Vulnerable?
A report from Kieth Jurow. "The 2004-07 bubble era in U.S. housing markets was a time of utter madness. Much has been written about it, but almost nothing has been said about the craziest aspect of it – the cash-out…
If You Continue Pricing Like It Is 2016, It Is Going To Sit On The Market A Long Time
A report from the Union Tribune in California. "San Diego County had the second-most home price reductions in the nation so far in 2019, said Trulia. San Diego County hasn’t seen as many cutbacks since 2014 when the market was…
We’ve Got Massive Oversupply But No Demand
A report from the Sydney Morning Herald in Australia. "Every day there are Melbourne and Sydney property owners who put houses and units up for sale in the hope they can quickly find a buyer and the dream of the…
Your Coastal Housing Dollars Are Welcome In Flyover Country — But Fly-By-Night Investors, Not So Much
A weekend topic starting with National Real Estate Inventor. "The average cap rate in the multifamily sector remained flat at 5.4 percent in the fourth quarter, after falling in previous quarters, according to Barbara Byrne Denham, a senior economist at…
The Clunk Heard Around The World
A report from the Press Democrat in California. "Sonoma County’s housing market started the year the way it finished 2018 — in decline as buyers remain content to sit tight as sellers reduce home prices. In February, 227 single-family homes…
This Is No Longer A Market Where Homes Sell Significantly Above Listing Price
A report from the Naples News in Florida. "The year is off to a good start for homebuyers. Visitors looking to purchase a home in the Naples area during January were pleasantly surprised with their options as inventory levels increased…
Both Banks And Homeowners Are Reliant On Ever-Rising House Prices
A weekend topic starting with the Miami Herald in Florida. "Most real estate developers will cite scarcity of land as one of the biggest hurdles to building affordable housing around Miami-Dade County. But according to a new GIS mapping tool…
Several Markets Are Softening, Which Presents A Buying Opportunity — Or A Selling Crisis
It's Friday desk clearing time for this blogger. "Realtor Kim Trouten said the Charlotte market is starting to shift. Buyers are getting more picky, especially with higher interest rates, and sellers have had to change their expectations, Trouten said. 'They’ve…