A report from KCRA in California. "California is at the epicenter of a housing crisis. Thousands of people are fleeing the state, and many of them say they can no longer afford to live here. But today there’s help, and…
A report from the Sunday Times. "The housing crisis in Silicon Valley has reached new heights. Police officers in San Mateo, priced out of a market where the median house price has surged to $1.3m (£1m), have taken to sleeping…
A weekend topic starting with the Charlotte Agenda in North Carolina. "Jonathan Osman points to a one-story, brick house in Camp Greene. A little more than a decade ago, the home sold for $38,500. Now, it’s listed by another Realtor…
It's Friday desk clearing time for this blogger. "Here are some of my observations from Mortgage Bankers Association convention I attended in Austin last month. One exhibit hall lender offered primary residence mortgages void of any income information or any…
A report from Bisnow. "A strong jobs report, the stock market performing at record highs and low interest rates continue to fuel U.S. commercial real estate’s prolonged growth cycle. But overall economic growth has fallen as the year progresses, raising…
A report from the New York Post. "The Long Island mansion from the 1986 flick 'The Money Pit' has become a real-life money pit. This Nassau County home has sold for $3.5 million after five years on the market. That’s…
A report from Bloomberg. "Financial regulators led by the Treasury's Steven Mnuchin and the Federal Reserve's Jerome Powell have been put on notice about the risk of an economically damaging cash crunch in the $11 trillion home mortgage market. Behind…
A report from the Wall Street Journal. "Thirty floors above the showroom of a Chinese developer, a 29-year-old woman stood on a small rooftop ledge, threatening to jump and declaring that her recent home purchase had ruined her life. Ms.…
A report from Bloomberg. "The subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of the same high-risk characteristics is starting to take off. It’s called…
A report from CNBC. "This oceanfront mansion in Hillsboro Beach, Florida, was on the market for $159 million in 2015. But for three years the 60,000-square-foot compound had no takers. The owner eventually decided to put the estate on the…