First Half Of 2019 In Review
This past year had a lot of important developments, so I wanted to do a year end summary. It turned out to have more than I expected so this installment will be the first half of the year, and I'll…
The Dramatic Decrease In Value Has Hit Investors Hard
It's Friday desk clearing time for this blogger. "The figures from the Greater Boston Association of Realtors point to a market that, while certainly pricey, is significantly less frenzied than it was a year or two ago, when buying a…
We Have This Expanding Inventory And There Just Aren’t Enough Buyers
A report from the Wall Street Journal. "Actor Bruce Willis and his wife have sold their country estate near Bedford Corners, N.Y., for $7.66 million, or 41% off its original listing price. The 22-acre property came on the market in…
Nothing Scares Off House Hunters More Than The Prospect Of Price Losses
A report from Myrtle Beach Sun News in South Carolina. "An apartment complex near Coastal Carolina University will soon have a new management company as the property remains at the heart of a $24 million legal fight. In November, U.S.…
A Sustained Uptick In Sales Can Not Be Realized Until The Market Resets Its Prices
A report from the Wall Street Journal. "U.S. home builders benefited from low interest rates this year as housing starts climbed to levels not seen in a decade. Home builders cranked up volume partly by focusing on homes more buyers…
The Supporting Vertebrae In The Housing Market Backbone
A report from Mother Jones on California. "By the time Dominique Walker started squatting in an Oakland home with her five-year-old daughter and one-year-old son, she’d exhausted all other options. Walker, who had fled domestic violence in Mississippi, knew it…
When It Comes Time To Sell, The Market Is Often Unforgiving
A report from Inc Magazine. "To find the most overpriced cities, GOBankingRates combed through data on the nation's 722 biggest housing markets, comparing median listing prices in 2019 (through November) to Zillow's estimate of median home value, which is based…
Money Poured In, Prices Soared, Followed By Building And Oversupply
A weekend topic starting with the Globe and Mail. "In 2002 David Rosenberg moved to Wall Street to become Merrill Lynch’s chief North American economist. The stint turned him into one of the world’s most recognizable economists. His fame grew…
The Dream Should Not Cost More Than The Reality
It's Friday desk clearing time for this blogger. "Four Bay Area cities got ranked among the weakest real estate markets in the nation. Some experts say this cooling of the market is all part of a normal stabilization period that…
Headlines Always Said There’s No Bubble, Until There Was
A report from Al-Monitor on Lebanon. "'Our dream was to have a nice home so we could decorate the way we wanted,' Nour, not her real name, told Al-Monitor. 'So we went searching for houses back in 2014.' The young…