A report from Mansion Global. "The New York City apartment of the late Broadway producer James M. Nederlander has closed for more than $11 million after selling at auction earlier this year. The sale closed about two weeks ago for…
A report from the Financial Post in Canada. "Bill Morneau had been finance minister for only 36 days when he first attempted to do something about runaway housing prices and mortgage debt. He announced in December 2015 that the minimum…
A report from Mansion Global. "Q: For those who don’t have context, where was the Greenwich market before the pandemic began in March 2020? Greenwich, Connecticut-based developer Steve Schacter: The market was fairly down, especially the high-end part of the…
A report from the Real Deal on New York. "The Financial District’s condo supply has surged. And there are still few buyers in sight. The downtown district now holds the most unsold inventory of any New York City neighborhood, with…
Part two of the weekend topic, starting with Intellinews on Russia. "Almost as soon as the double whammy of the coronavirus (COVID-19) pandemic and a concurrent collapse in oil prices hit Russia’s economy last March, the government reacted by introducing…
A weekend topic starting with the Orlando Sentinel in Florida. "Foster Algier, a real estate agent and owner of First Alliance Capital in Orlando, points to low-interest rates as one of the main drivers of the housing shortage, with 30-year…
It's Friday desk clearing time for this blogger. "Greg McBride, chief financial analyst at Bankrate.com, told Forbes home prices are rising at an 'unsustainable pace' but as supply and demand return to somewhat of a balance, a 'plateauing in prices'…
A report from the Seattle Times in Washington. "Matthew Gardner, chief economist at Windermere, said in a statement the boost in inventory could cool off listing prices. The average list price in King County for single-family homes fell about 7%…
A report from Arlington Now in Virginia. "As we’re sure you’ve picked up on in recent times, inventory has been tight and houses are not lasting long out there. However, looking at this week’s Just Reduced figures, we’ve eclipsed the…
A report from BC Business in Canada. "Senior economist with the division of real estate marketing firm Rennie, Ryan Berlin is one of four analysts tasked with offering a thoughtful take on the Metro Vancouver housing market. Q: Where do…