A report from The Real Deal. "Bank OZK, one of the country’s most aggressive condo construction lenders, signaled in its most recent earnings report that its real estate lending growth is slowing down. 'Lenders in certain markets are very aggressive…
It's Friday desk clearing time for this blogger. "Consider a few of these recent headlines from major newspapers around the state: 'Bay Area home prices fall 1.7% in May, biggest year-on-year drop in 7-plus years,' said the San Francisco Chronicle…
A report from the Irish Independent. "A glut of new houses for sale has led to builders cutting back on the construction of homes. Goodbody economist Dermot O’Leary said there is now a rising inventory of unsold stock forming for…
A report from Realtor.com. "The postcrash price growth might actually be higher than most thought. Home prices shot up a cumulative 50% over the past decade, from June 2009 through May 2019, according to CoreLogic. Wages also rose over the…
Three reports from the Times of London in the UK. "House prices in London fell by 4.4 per cent in the year to May — their sharpest fall since August 2009, according to the Office for National Statistics. It was…
A report from the Wall Street Journal. "Foreign purchases of U.S. homes have dropped by half over the last two years, a fresh blow to the top end of the market in New York City, Miami and cities in California.…
A report from CNBC. "The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. 'The magnitude of the decline is quite striking,…
A report from Westword in Colorado. "The real estate scene in Denver hasn't fully transitioned into a buyer's market. But it's shifting in that direction, as indicated by how many more concessions metro-area sellers are willing to grant now as…
A report from the Wall Street Journal on New York. "High-rise developers in Manhattan are coming under stress as tough market conditions are starting to undermine some of the city’s most prominent luxury condo projects. At a mixed-use project that…
A report from the Daily Mail Australia. "A luxury three-bedroom apartment in the second tallest residential tower ever constructed in the southern hemisphere is now on the market for $10 million amid a climate of rising defaults. The two-level unit…