Everything Is Falling
A report from KRDO in Colorado. "According to a broker associate at Re/Max of Pueblo Inc., Mike Pospahala, two years ago there was a lot of competition to buy a home. He said a lot of homes were sold above…
I’d Like The Value Of My Home To Start Rising Again, I Wonder If The Good Days Are Over
A report from the American Statesman in Texas. "StoryBuilt, one of Austin’s most active urban developers, has launched a major reorganization and furloughed employees as it deals with a financial meltdown. In a letter sent to StoryBuilt investors Friday, co-founder…
Where It Can Go Horribly Wrong
A report from New Hampshire Public Radio. "In New Hampshire, the rate of foreclosure filings on properties has risen 149.72 percent from mid-year 2021 to mid-year 2023, according to ATTOM. Most of that increase has happened in the last year.…
A Major Change Of Fortune After An End To The Era Of Cheap Money That Fed A Decade-Long Property Boom
It's Friday desk clearing time for this blogger. "The Austin housing market is starting to look a lot more like 2019. For the past three years, multiple offers, bidding wars and all-cash deals became the norm in Central Texas. Now,…
Cut Off From The Easy Money That Fueled The Boom, Many Began Floundering Under Accumulated Debts
A report from the Seattle Times in Washington. "Late last year, sales of luxury homes in the Seattle area dropped more than 50% from a year earlier, according to a Redfin report that defined luxury homes as those in the…
The Question That Everybody Wants An Answer To
A report from NBC Miami in Florida. "Two dozen properties in Coconut Grove are ensnarled in a legal dispute involving lenders, investors, a developer and dozens of people who put deposits down on the home of their dreams – only…
Many Markets Have Become Somewhat Overbuilt And There Is Additional Inventory Being Completed
A report from 425 Business in Washington. "SmartAsset found that the Seattle area hosts three of the top 25 spots in the lineup for the nation’s most expensive housing markets. Among the priciest is the Eastside’s Sammamish area. At the…
The Market Can See Asking Prices Fall Like Raindrops
A report from Community Impact in Texas. "The residential real estate markets in Round Rock, Pflugerville and Hutto are still dropping in median price and increasing in inventory. The local trend for June is similar to pricing and inventory data…
Some Of The Lessons From Previous Crises Have Been Forgotten
A weekend topic starting with the New York Post. "Authorities in California have ceded prime real estate on the Venice Beach boardwalk to a rotating cast of vagrants — a microcosm of the insanity plaguing the Golden State amid its…
It’s Like A Race To The Bottom
A weekend topic starting with the Washington Examiner. "The United States Court of Appeals for the 9th Circuit is not the only reason why cities across the West Coast have been overrun with plague-infected homeless camps, but the court is…