A report from the LA Daily News in California. "Since 2000, U.S. inflation has averaged 2.2%, according to the Consumer Price Index, while rates on 30-year mortgages averaged 5%, according to Freddie Mac. So historically speaking, loans are usually priced…
A weekend topic starting with BBN Times. "The amount of wealth in an economy should be related to the amount of income. For example, wealth in real estate will be linked to the income that people have available to pay…
It's Friday desk clearing time for this blogger. "Southern California's cutthroat housing market has cooled in recent months. Price drops became more common. 'We were expecting at some point this buyer frenzy is going to cool off. We are seeing…
A report from the Daily Democrat in California. "Tom Doyle bought a house in southwest Woodland for $675,000 last year in October. Doyle said that his family had been paying attention to the housing market, but it is very different…
A report from Verify. "In the summer of 2021, the market started to slow down. However, Zillow Offers according to Mike DelPrete didn’t slow down with the market. 'What happened is they ended up buying a lot of houses and…
A report from the Colorado Sun. "The collapse of Zillow Offers can be traced, in one small part, to its over eagerness to invest in Colorado’s red-hot real estate market. The company bought hundreds of homes in the Front Range…
A report from the Telegraph. "For some American homeowners, one number is the most important indicator of wealth in their life: the Zestimate. When they do not like what they see, things can turn ugly. 'F--- Zillow and their ‘zestimates’.…
A report from WPTV in Florida. "The large selling off of homes owned by Zillow is also happening on the Treasure Coast. As many as 20 homes in St. Lucie County are listed on the Zillow website. Earlier this week,…
A weekend topic starting with the Gunnison Times in Colorado. "Despite a valleywide housing crisis that has hit both residents and local businesses, 41% of housing units in Gunnison County are considered vacant, according to 2020 data from the U.S.…
It's Friday desk clearing time for this blogger. "In early October 2021, Zillow recorded its most active week buying homes in Phoenix. Then suddenly it stopped buying. John Wake, who has been a realtor around Phoenix since 2003, had one…