A weekend topic starting with Reuters. "As developer China Evergrande Group lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue what was not too long ago considered one of the country's 'too…
A weekend topic starting with Newsweek. "Last month, Fed Chair Jerome Powell and policymakers suggested the federal funds rate would stay above 5 percent through next year and could begin to come down to a little under four percent in…
It's Friday desk clearing time for this blogger. "Sellers dropped prices on more than a quarter of homes listed for sale in the Seattle area in September, slightly higher than the national average, according to Zillow. To entice buyers, Town…
A report from the Santa Barbara Independent. "'We’re seeing a shift in the market here in the Santa Barbara area. There are more price drops, and inventory has slowly increased month after month. Right now, I’m telling my sellers that…
A report from WHSV in Virginia. "As we enter into the last three months of the year, what had hopeful signs of declines in interest rates is no longer the case throughout this year. 'We had heard from a lot…
A report from the Philadelphia Inquirer in Pennsylvania. "The $253 million, 47-story tower at Broad and Spruce Streets, was meant to be a triumph for developer Dranoff Properties and Philadelphia’s Avenue of the Arts. Arthaus began marketing units in 2020,…
A report from the Real Deal. "For just under $22 million, a pocket-minded buyer in New York can get a free beach club membership, a boat and a Tesla. They’ll just need to buy a $2.8 million Red Hook townhouse…
A report from the Naples Daily News in Florida. "Year-to-date, single-family home sales are down 15% over the year in Lee County, the county hardest hit by Ian. In the city of Cape Coral, they're off by 20%, said Denny…
A weekend topic starting with the Los Angeles Times. "The high cost of housing is driving Southern California’s biggest challenges. Income is not keeping pace with housing costs. It hasn’t for at least two generations. There’s a metric called 'housing…
It's Friday desk clearing time for this blogger. "'Buyers are using things like inspection negotiations and high insurance premiums to back out of deals,' said Jacksonville Redfin Premier agent Heather Kruayai. 'They’re holding a lot of the cards; today’s sellers…