A report from the Bradenton Herald in Florida. "The median sales price for existing single-family homes in Manatee County hit $325,000 in July, the highest median price since the housing crisis and Great Recession more than a decade ago —…
A report from Fortune. "The top 1% is pumping the brakes. Weak auction sales at this year’s Monterey Car Week is just the latest example of how spending at the top of the economic pyramid is shrinking, as many of…
A report from the Wall Street Journal. "The next time you buy a house, your lender might deploy a drone and a computer algorithm to size up the property instead of a tape-measure-toting human appraiser. Federal regulators are moving to…
A report from the Press Democrat in California. "Last summer with the rental market still reeling from the 2017 North Bay wildfires, the three-bedroom home in the southeast Santa Rosa Kawana Springs neighborhood easily would have fetched the owner’s asking…
It's Friday desk clearing time for this blogger. "The Commerce Department said on Friday new home sales dropped 12.8% to a seasonally adjusted annual rate of 635,000 units last month. It was the biggest monthly decline since July 2013. The…
A report from Realtor.com on Florida. "Rap mogul Bryan 'Birdman' Williams hasn’t been able to find a buyer for his swanky manse in Miami Beach, Florida. To entice someone (anyone!) into making an offer, the price on Birdman’s enormous tricked-out…
A report from Bloomberg. "Last month, a risky, new deal hit the municipal-bond market. It came from a small borrower in Colorado that was looking to finance the construction of 1,200 luxury homes in the foothills of the Rocky Mountains.…
A report from the Wall Street Journal. "More than a decade after home loans triggered the worst financial crisis in a generation, the strict lending requirements put in place during its aftermath are starting to erode. Home buyers with low…
A report from Curbed San Francisco in California. "Earlier this month, UCLA’s Anderson School of Management and law firm Allen Matkins released their survey of California developers and found that those with a stake in building housing are feeling gun…
A report from Business in Vancouver in Canada. "Metro Vancouver’s sluggish residential real estate market has caused some developers to pull the plug on projects. 'The market is totally in the dumps right now,' said Holborn Group of Cos. CEO…