A weekend topic starting with Fortune. "Last year, months before the Federal Reserve began raising interest rates to combat inflation, former Treasury Secretary Larry Summers warned that inflation was already a problem, and would get a lot worse in 2022.…
It's Friday desk clearing time for this blogger. "On Thursday, Freddie Mac deputy chief economist Len Kiefer tweeted about what this downward shift means: 'The U.S. housing market is at the beginning stages of the most significant contraction in activity…
https://www.youtube.com/watch?v=QE99y_KJkfE
A report from BoiseDev in Idaho. "April Florczyk, the founder of 208 Market Real Estate, told BoiseDev that dynamics are shifting – especially in Ada County. 'The average active price is almost $150,000 higher than the sold price,' she said.…
https://www.youtube.com/watch?v=ygTh-EaFjGI
A report from the Seattle Times in Washington. "In King County, 73% more homes were listed at the end of May than at the same time last year. In Pierce County 74% more and in Kitsap 43%. In Snohomish, more…
https://www.youtube.com/watch?v=jzjUiqtJJgo
A report from the Seattle Business Journal in Washington. "The median sale price of single-family homes in Seattle fell nearly 12% from April to May, according to the Northwest Multiple Listing Service (NWMLS). Meanwhile, the number of in-city pending sales…