It's Friday desk clearing time for this blogger. "The number of single-family home sales has declined for three consecutive months. Tim Warren, CEO of The Warren Group, said the single' biggest reason for the slide is that the typical price…
A report from Boca News Now in Florida. "Home values in Boca Raton and Delray Beach dropped precipitously between from the second to third quarter of 2021. According to the Elliman Report prepared by Miller Samuel Real Estate Appraisers, the…
A report from Reuters. "The stock of housing under construction increased 1.3% to a rate of 1,426 million units last month, the highest since February 1974." From Market Watch. "Zillow’s unexpected announcement this week that it’s putting a temporary stop…
A report from Bloomberg. "Zillow’s iBuying business loses money, so stopping purchases should help its bottom line, analyst Ygal Arounian said in a note. 'This feels like they bought way too many homes and they’re trying to work off that…
A report from Bloomberg. "Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing new home purchases as it works through a backlog of properties already in its pipeline. 'We are beyond operational capacity in our…
A report from the Phoenix Business Journal in Arizona. "Some of the hottest areas of the Valley for recent land deals are in the northwest and southwest areas, along with the Mesa-Gilbert market and Pinal County, said Jim Daniel, president…
A weekend topic starting with the Northwest Florida Daily News. "The Crestview-Fort Walton Beach-Destin metropolitan area saw a massive increase in permits for new single-family homes in the past year. Alan Baggett, VP of The Building Industry Association of Okaloosa…
It's Friday desk clearing time for this blogger. "The world’s tallest residential building is giving out some sky-high discounts. A mystery buyer has plunked down $40.83 million for a five-bedroom, full-floor spread at Central Park Tower on 57th Street. That’s…
A report from the Reno/Sparks Gazette in Nevada. "'If you’re going fishing for a buyer or waiting for someone to stop by the house and make an offer way over market price, those days are gone,' said Gary MacDonald, president…
A report from CNBC. "'We actually believe the industry is already overbuilding in single-family to normalized demand by roughly 20% and about 10% for multi-family, so we couldn't be on more of an opposite side of where the market is…