A report from Chicago Magazine in Illinois. "Chicago’s luxury condo market has cooled off significantly since 2018, but don’t expect a Manhattan-style meltdown. In a plunge described by commentators as a 'bubble' and 'bloodbath,' the median price of high-end condos…
A weekend topic starting with an editorial by Paul Krugman. "I’m in Spain right now, talking about zombie ideas — ideas that should have been killed by evidence, but just keep lurching along. And as it happens, the experience of…
A report from the Wall Street Journal. "U.S. home sales sputtered in January, the latest sign that some of the lowest interest rates in half a century are failing to offset the high prices and limited inventory keeping many buyers…
It's Friday desk clearing time for this blogger. "Fannie Mae and Freddie Mac are expected to retain 'limited and tailored government support' after they are freed from U.S. control, Treasury Secretary Steven Mnuchin said in a letter to lawmakers. Mnuchin’s…
A report from Reuters. "Zillow Group reported better-than-expected quarterly revenue on Wednesday. The company has also benefited from its move to buy and sell homes under Zillow Offers. Net loss, however, widened to $101.2 million from $97.7 million a year…
A report from the Dallas Morning News in Texas. "Just over 15% of people who were surveyed by LawnStarter.com said they were sorry they bought their home. Looking around the country, the greatest percentage of buyer regrets were in Wyoming,…
A report from the Wall Street Journal. "China’s home-price growth slowed to an 18-month low in January, but it looks set to fall a lot further as Beijing’s long-running attempts to rein in the property market meet with effects from…
A report from the Wall Street Journal on New York. "More New York City hotel owners are defaulting on their mortgages, succumbing to a crush of new supply and rising expenses. Colony Credit Real Estate Inc. recently hired a brokerage…
A report from Yahoo Finance on New York. "After years of inventory stockpiles and dropping prices, Manhattan’s luxury real estate market is selling at record-low prices. The threshold for a sale to be considered 'luxury' dropped 6.1% to $3,816,835 in…
A report from the Times of London in the UK. "Almost 1,000 days after the Grenfell Tower fire killed 72 people, the fallout from 20 years of failed building regulations that allowed the disaster to happen is affecting every flat…