A report from the Philadelphia Inquirer in Pennsylvania. "When Toll Brothers cofounder Bruce E. Toll paid $23.5 million for a 552-bed student housing complex near Kutztown University eight years ago, record-smashing enrollment at the Berks County college was translating into…
A weekend topic starting with Market Watch. "The Federal Reserve is currently reviewing its monetary-policy strategy, tools and communications practices, to determine how best to achieve its congressional mandate of maximum employment and stable prices. The raw material is money.…
A report from the Globe and Mail in Canada. "Dirty money is not a problem contained to casinos and the luxury car trade. It involves billions of dollars tumbling through the real estate market - an estimated $5-billion just in…
A report from the Review Journal in Nevada. "Homebuilders’ sales totals dipped throughout Southern Nevada early this year. But according to a report this week, buyer activity fell particularly hard in a normally hot spot for house construction: Summerlin. Builders…
It's Friday desk clearing time for this blogger. "High-end home prices got kicked out of the penthouse in early 2019, falling for the first time in nearly three years, according to Redfin. In Boston, the average luxury home sold for…
A report from the Express News in Texas. "Terravista Corp. partnerships that own four San Antonio apartment complexes totaling 652 units sought bankruptcy protection this week to stop foreclosure proceedings by a lender. A Terravista official blamed a dispute with…
A report from Bloomberg. "A decade ago, Angelo Mozilo was the face of the housing bust that preceded the financial crisis. Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it…
A report from Bloomberg. "Sean Pan wanted to be rich, and his day job as an aeronautical engineer wasn’t cutting it. So at 27 he started a side gig flipping houses in the booming San Francisco Bay Area. He was…
A report from ABC News in Australia."A new crackdown on property lending has emerged in the wake of the Banking Royal Commission, with borrowers now being asked for deposits of up to 30 per cent and banks throwing greater scrutiny…
A report from Patch New York City. "Prices dropped on some 212 homes in the Upper East Side-Carnegie Hill area last month, the most for any neighborhood in the city, according to a report from RealtyHop. One home in the…