A report from The Daily Ardmoreite. "The quick sales and higher costs have led broker Marcus Cunningham to notice an interesting new quirk in the market. That is the number of people who back out of purchasing after getting an…
A report from the Oregonian. "The Regional Multiple Listing Service’s January 2022 market action reports show that median sale prices, while still high, have dropped from 2021 peaks everywhere in the region except Clark County in southwest Washington. The average…
A weekend topic starting with the Globe and Mail in Canada. "'When you can borrow money for 1.5 per cent a year and invest it in an asset rising 20 per cent a year, you have to be an idiot…
It's Friday desk clearing time for this blogger. "Glenn Kelman -- Redfin's Chief Executive Officer: 'Our fourth quarter net income, a loss of $27 million, was better than we projected in our last earnings call. Based on anecdotes from the…
A report from the Wall Street Journal. "During the fourth quarter, Zillow lost an average of about $25,000 on every home it sold, before interest expense. On Feb. 10, Zillow Group said it lost $881 million on its algorithmic-driven home-flipping…
A report from the Indianapolis Star. "IndyStar sat down with Jim Litten, who has 50 years of real estate experience. 'We’re seeing tremendous price escalation. Prices last year went up about 16% in our market. I don’t see that moderating…
A report from Mortgage News Daily. "Sometimes, someone unexpected comes into your life outta nowhere, makes your heart race, and changes you forever. We call those people cops. (Where did you think that was going?) There are always riddles and…
A report from the New York Times. "For Claudia Ruffle, living in a co-housing community was a lifelong dream. So she was among the early supporters of what was envisioned as Connecticut’s first co-housing community. Ms. Ruffle and a friend…
A report from the Pioneer Press in Minnesota. "Bob Walser has rented out a Randolph Avenue duplex for four years, with the goal of someday selling it for retirement income. He’s worried that a 3 percent cap on rents will…
A weekend topic starting with the Globe and Mail. "With money so cheap and home appreciation so high, home ownership has taken on a whole new meaning. A key feature is that it’s altered our relationship to mortgage debt. The…