Two reports from the Australian Financial Review. "Sydney-based mortgage broker Zenik Finance Solution, which made nearly $1 billion in home loans for the big four banks and Macquarie Bank, has engaged in "widespread and systemic mortgage fraud" for years while…
A report from Bisnow on California. "Speakers at Bisnow's Silicon Valley Construction & Development Forecast event last week had differing opinions on just how dire the construction cost situation is. 'We're in a unique bubble in the Bay Area' said…
A report from Fox 5 Vegas in Nevada. "Potential home buyers in the Las Vegas Valley said 'no' to real estate for the month of November. New data by the Greater Las Vegas Association of Realtors shows 10,000 single family…
A weekend topic starting with the Tampa Bay Times in Florida. "If you own a house in the Tampa Bay area, chances are you’ve received at least one 'Dear Homeowner' letter offering to buy it for cash, 'as is' and…
A report from the Press Democrat in California. "The slowdown in Sonoma County’s residential real estate market sharpened in November, when sales and prices declined while the number of homes available for buyers jumped significantly." "In November, the county’s median…
It's Friday desk clearing time for this blogger. "It was just last spring that home buyers in most of the nation were digging ever deeper into their pockets. And now, suddenly, they’re not. In Seattle, more than half of homes…
A report from Crain's New York Business. "Manhattan rents fell by 1.9% last month compared to the year before when accounting for concessions by landlords, according to appraisal firm Miller Samuel. Rents are correcting themselves after prices rose beyond what…
Two reports from ABC News in Australia. "Property prices have fallen in Australia many times before - often in response to rising interest rates.This time is different - the cash rate is at a record low but house prices are…
A report from CNBC. "Mortgage applications to purchase a newly built home dropped 11 percent in November, compared to a year ago, according to the Mortgage Bankers Association. This drop is surprising, given the sharp drop in mortgage rates in…
A report from the Wall Street Journal. "The national housing slowdown is spreading to markets like Las Vegas and Phoenix. Angela Hutchins, a Las Vegas realtor, said price cuts of up to tens of thousands of dollars are now common.…