A report from the Herald Sun in Australia. "Melbourne’s long-suffering homebuyers are cashing in as three-quarters of homes sell for less than their initial listing price. The figures revealed in CoreLogic’s latest Property Pulse reflect an average 6 per cent…
A weekend topic starting with CNBC. "'The housing sector's a disaster,' said CNBC's Jim Cramer. 'We're building about half the houses we did when the country had half the people, and we still can't sell them. KB Home does a…
A report from the News Observer in North Carolina. "'There is a negative mood in the market,' said Stacey Anfindsen, a Cary-based appraiser with Birch Appraisal, who puts together the monthly Triangle Area Residential Realty Market Report. The buzz kill,…
It's Friday desk clearing time for this blogger. "Inventory in Lane County, excluding Florence, was up and median prices were down in October, according to the Regional MLS, when compared to earlier this year. The sales median price was $290,000,…
A report from Redfin. "Evidence that the market is cooling down can be seen in price drops. In October 31.3 percent of homes for sale had at least one price drop of more than 1 percent. This is the highest…
A report from CNBC. "There's an oversupply of homes in most housing markets across the country and rising interest rates are making it harder for buyers to make deals, billionaire real estate developer Stephen Ross told CNBC Thursday. That includes…
A report from Forbes. "My first tip-off that winds of change were brewing came from an interview with a New York City real estate agent back in June. Over the phone he told me that home prices were down in…
A report from The Real Deal. "A decade-long apartment boom may be coming to an end. Federal data shows that multifamily building permits have declined every month since March, the Wall Street Journal reported. According to the latest Census Bureau…
A report from the New York Post. "Keith Richards took a hit on this rock star apartment. The wrinkly rock royal and his wife, Patti Hansen, just sold their posh downtown digs for $9 million, according to city property records.…
A report from the Palm Beach Post in Florida. "The economy is firing on all cylinders now, but executives and economists expect a slowdown in 2019 and 2020. The big question: When will the next recession hit? Many economists see…