Everyone Is Looking For A Bubble
A weekend topic starting with the Tampa Bay Times in Florida. "If you own a house in the Tampa Bay area, chances are you’ve received at least one 'Dear Homeowner' letter offering to buy it for cash, 'as is' and…
A Possible Broader Slowdown In The Red Hot Housing Market
A report from the Press Democrat in California. "The slowdown in Sonoma County’s residential real estate market sharpened in November, when sales and prices declined while the number of homes available for buyers jumped significantly." "In November, the county’s median…
The Buy-At-Any-Price, Get-It-While-You-Can Mind-Set Has Faded
It's Friday desk clearing time for this blogger. "It was just last spring that home buyers in most of the nation were digging ever deeper into their pockets. And now, suddenly, they’re not. In Seattle, more than half of homes…
Hyper-Commodification With The Promise Of Pseudo-Luxury Amenities
A report from Crain's New York Business. "Manhattan rents fell by 1.9% last month compared to the year before when accounting for concessions by landlords, according to appraisal firm Miller Samuel. Rents are correcting themselves after prices rose beyond what…
Part Of A Game Plan To Pay Less
Two reports from ABC News in Australia. "Property prices have fallen in Australia many times before - often in response to rising interest rates.This time is different - the cash rate is at a record low but house prices are…
Potential Buyers Are Beginning To Camp Out In The Rental Market
A report from CNBC. "Mortgage applications to purchase a newly built home dropped 11 percent in November, compared to a year ago, according to the Mortgage Bankers Association. This drop is surprising, given the sharp drop in mortgage rates in…
There’s A Little Bit Of A Shock Value
A report from the Wall Street Journal. "The national housing slowdown is spreading to markets like Las Vegas and Phoenix. Angela Hutchins, a Las Vegas realtor, said price cuts of up to tens of thousands of dollars are now common.…
At Times It Felt Like The Boom Would Never End
A report from Global News on Canada. "An over-abundance of houses for sale in the Edmonton area could mean slower sales and lower prices until well into next year, an economist tells Global News. Prices have dropped, too, with single-family…
A Market Awash In Inventory
A report from TC Palm in Florida. "The latest data on new home sales nationwide are not encouraging. The Commerce Department reported that new home sales declined 8.9 percent in October on a seasonally adjusted basis, and sales have been falling at…
Huge Backlogs That Aren’t Being Financed Due To The Glut
A report from KVAL in Oregon. "Rent prices in Eugene have gone down the past two months, according to a San Francisco real estate research firm. The Lane County Rental Owners Association has seen this trend as well. The president…