A report from the East Hampton Star in New York. "There is already evidence of a real estate slump in the United States. The average price of luxury home sales is falling, as is the number of sales. Long Island…
A report from The Real Deal on New York. "It was one of many signs last year that a growing number of New York City condo developers are on borrowed time. Bank OZK had committed $108 million to finance a…
A report from KTVU in California. "Bay Area home prices as well as those in other California instances, may have reached a temporary limit on what people can and are willing to pay. 'What I've noticed in Santa Clara County…
It's Friday desk clearing time for this blogger. "During the fourth quarter of last year, 2,404 sales closed in Manhattan, a 1.2% dip year-over-year. The median sales price, meanwhile, remained flat at close to $1 million, according to a report…
A report in the Washington Post by Jared Bernstein, Jim Parrott and Mark Zandi. "The nation is in the grip of an affordable housing crisis. A severe shortage of homes for working-class and low-income families is pushing up house prices…
What's your housing bubble predictions for the new year? Six months ago. "I’ll lose 20 pounds by year’s end? Or is that wishful thinking? I see a decent chance of economic downturn in Q4, how much though is anyone’s guess.…
Three reports from the Wall Street Journal. "Last spring, a real-estate lender hired three ratings firms to rate a series of bonds backed by speculative real-estate loans. Only one of the three got to rate all the bonds. Moody’s Corp.…
This is the selection of posts from the second half of 2019. I've focused on lending, US markets only and there's much more at each link to read. I'll have more in the comments below later. Thanks for dropping by.…
This past year had a lot of important developments, so I wanted to do a year end summary. It turned out to have more than I expected so this installment will be the first half of the year, and I'll…
It's Friday desk clearing time for this blogger. "The figures from the Greater Boston Association of Realtors point to a market that, while certainly pricey, is significantly less frenzied than it was a year or two ago, when buying a…