A report from the Toronto Star in Canada. "Over the last few months, the staggering scale of money laundering in the Toronto and Vancouver real estate markets has come into focus. Even though real-estate agents are technically required to report…
A report from the Washington Post. "For the past five years, the number of existing homes for sale has lagged below demand, setting the stage for a market that favors sellers. Could the tide finally be turning in favor of…
A report from the Canadian Press. "Albertans struggling to enter the real-estate market have at least two chances to win a home this year. All one needs to do is pay an entry fee and submit an essay. Owners of…
A report from the Wall Street Journal. "Almost 30% of loans that mortgage giants Fannie Mae and Freddie Mac packaged into bonds last year went to home buyers whose total debt payments amounted to more than 43% of their incomes,…
A report from the Philadelphia Inquirer in Pennsylvania. "When Toll Brothers cofounder Bruce E. Toll paid $23.5 million for a 552-bed student housing complex near Kutztown University eight years ago, record-smashing enrollment at the Berks County college was translating into…
A weekend topic starting with Market Watch. "The Federal Reserve is currently reviewing its monetary-policy strategy, tools and communications practices, to determine how best to achieve its congressional mandate of maximum employment and stable prices. The raw material is money.…
A report from the Globe and Mail in Canada. "Dirty money is not a problem contained to casinos and the luxury car trade. It involves billions of dollars tumbling through the real estate market - an estimated $5-billion just in…
A report from the Review Journal in Nevada. "Homebuilders’ sales totals dipped throughout Southern Nevada early this year. But according to a report this week, buyer activity fell particularly hard in a normally hot spot for house construction: Summerlin. Builders…
It's Friday desk clearing time for this blogger. "High-end home prices got kicked out of the penthouse in early 2019, falling for the first time in nearly three years, according to Redfin. In Boston, the average luxury home sold for…
A report from the Express News in Texas. "Terravista Corp. partnerships that own four San Antonio apartment complexes totaling 652 units sought bankruptcy protection this week to stop foreclosure proceedings by a lender. A Terravista official blamed a dispute with…