A report from CNBC. "Mortgage rates are around the lowest in three years, but buyers are suddenly much more cautious about purchasing a home. Competition is cooling, and consequently sellers can no longer command any price. At an open house…
A report from the New York Times. "The US luxury condominium and apartment market is in the midst of an amenities war. Prices for ultra-luxury condos in New York have been declining since peaking in 2016, according to StreetEasy. The…
A report from the Sun Sentinel in Florida. "Homeowners: Had enough of those pesky, disruptive storm seasons? Is a new job forcing you to relocate to another region of the country? Two national real estate firms are descending into South…
An editorial in the Times of London by Philip Aldrick. "In a Blackrock Investment Institute paper last month, three top central bankers argued for 'magic money tree' policies to respond to the next downturn. Under their 'monetary-financed fiscal facility,'central banks…
A weekend topic starting with the Globe and Mail in Canada. "In the leafy Vancouver west side neighbourhood of Kerrisdale, there is a lot at W. 35th Avenue that has sat overgrown and empty for several years. A City application…
It's Friday desk clearing time for this blogger. "'The slow-down in the New York market can be attributed to the glut of high-end apartments in New York City, which have sat longer on the market as foreign investments in New…
A report from the Wall Street Journal. "The Trump administration said it would support returning mortgage-finance giants Fannie Mae and Freddie Mac to private hands. 'Our view is that the government footprint has become too big,' Treasury Secretary Steven Mnuchin…
A report from Go Local Prov in Rhode Island. "For nearly three years, the proposed 46-story Fane Tower has been meandering its way through a complex web of Rhode Island’s overlapping regulatory structures. Across the United States -- and including…
A report from The M Report. "The U.S. Census Bureau’s New Residential Construction Survey found that while building permits grew in July by 8.4%, housing starts fell 4% in July to 1.91 million. Odeta Kushi, Chief Economist for First American…
A report from CTV Vancouver in Canada. "When detached homes in Metro Vancouver began dropping in price several years ago, condos seemed immune to the changing market – but not anymore. New data from Royal LePage shows Metro Vancouver condominiums…