A report from Bloomberg. "Zillow’s market cap approached $US50 billion, making CEO Rich Barton’s stake worth more than $US1 billion. In late August 2021, he boasted to investors that customers’ biggest complaint with Zillow Offers was it was too good…
A report from Business Insider. "The top themes of the homebuilder survey were a slowdown in entry-level housing demand due to 'payment shock,' investors pulling back, and a ripple effect of rising rates moving up market, according to Rick Palacios…
A report from Hawaii News Now. "The Honolulu Board of Realtors says the median price of a single-family home on Oahu fell slightly to $1,105,000 for April. The number of homes pending sale also fell — a sign rate hikes…
A report from the Daily Local News in Pennsylvania. "'What am telling my buyers is that (demand for houses) may never cool off in this area,' said Steve Laret who heads up the Steve Laret Team with Vanguard Realty Alliance…
A report from the Peninsula Clarion in Alaska. "The market in Seward has adapted to the competition, said Nicole Lawrence, the owner of Seward Properties. Another way buyers are trying to be competitive, Lawrence said, is by waiving the appraisal…
It's Friday desk clearing time for this blogger. "Already recent housing-market data has shown the massive effect the surge in rates has had on home buyers. 'The pandemic boom in home sales is over, and activity is back at pre-pandemic…
A report from Yahoo Money. "Eighteen percent of homeowners in the U. S. plan on selling their homes within the next twelve months, according to Realtor.com’s 2022 Home Sellers report. This is more than twice the 8% of homeowners that…
A report from KIRO 7 in Washington. "Homebuyers have faced a hot housing market for years, but things may finally be cooling off, and buyers could see more leverage in the market. 'It’s awesome news for homebuyers who have been…
A report from Housing Wire. "BJ Witkopf is a mortgage specialist with Assurance Financial: Planet Earth has has gone from a ball of molten rock to ice, and then, to the climate we have today. Just like Earth, mortgage rates…
A report from Reuters. "In mid-April Harsh Grewal and his wife settled on a place in a San Francisco suburb and were prepping a bid, above the listed price so they'd have a chance of besting other offers. Then he…