It's Friday desk clearing time for this blogger. "The global financial outlook 'kinda sucks,' said UC Santa Barbara professor Peter Rupert. This year, because of an 11 percent drop in the median house price, from $718,000 to $655,000, Santa Barbara…
A report from the Tampa Bay Times in Florida. "Tampa Bay home sellers take note — the steady price gains of the past few years might be coming to an end. Charles Richardson, senior regional vice president for Coldwell Banker,…
A report from the Buffalo News. "Over the course of 13 years, Robert Morgan built a real estate empire that stretches across 14 states and includes 36,000 apartments. But federal prosecutors said he did so with the help of nearly…
A report from ABC News on Australia. "One of the policies the Coalition took to the election was a scheme to lower the amount first home buyers need to save to buy a property. Prime Minister Scott Morrison said it…
Two reports from CNBC. "Your home may be many things. But one thing it is not is a great investment, according to Jonathan Clements, editor of HumbleDollar.com and author of 'How to Think About Money.' That’s because the price appreciation…
A report from the Buffalo News in New York. "Eighteen months ago, the network of companies run by Robert C. Morgan was one of the fastest-growing apartment owners in Western New York. Now, with two executives pleading guilty to federal…
A report from the Wall Street Journal. "For five years, European nations have been trying to jump-start their ailing economies with what was supposed to be a radical, short-term remedy—negative interest rates. Instead, central banks haven’t been able to wean…
A report from CNBC. "A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued to sideline buyers. 'We see that…
A report from 7 News Melbourne in Australia. "Gumtree is typically used as an avenue to sell unwanted household goods for extra cash. But the downturn in the property market is hitting some Melbourne families so hard that hundreds are…
A report from the Orange County Register in California. "Southern California builders, stuck with the largest supply of unsold homes in seven years, have slashed construction to the slowest pace since 2016. First-quarter data from MetroStudy shows 3,750 new homes…