Weekly Economy & Market News #1
Great news for the housing market! According to the National Association of REALTORS®, existing-home sales saw a 14.5% increase in February, putting an end to...
No, the market is not going to go bust
As we move into 2023, the end of the foreclosure moratoriums, coupled with the expiration of a large number of forbearance plans, will likely lead...
Weekly Economy & Market News #0
Today, the most significant event impacting the housing market is the collapse of Silicon Valley Bank (SVB), despite the release of a wealth of anticipated...
Using Bitcoin as a mortgage collateral? You may want to think twice
In recent years, bitcoin and other cryptocurrencies have gained popularity as an investment and a means of exchange. While cryptocurrencies are still not widely accepted...
Monthly supply of new residential housing hit a 10 year high
This is for new builds specifically, but still a clear sign the market is shifting. Lots of houses builders are sitting on. Price reductions come...
Last Minute Flipper in Portland, OR
Sold for $567k on 3/16, back on the market on 4/11, pending sales on 4/13 then he buyer pulled out – still on the market...
$210k for a single motel unit. Welcome to South Florida.
Gonna need a lot of grey vinyl to rehab the entire motel! It seems that the original owners held on for 16 years they might...
House flippers not giving up in Tucson, AZ
Sold for $385k, listed a few days later for $600. Flippers never give up! Really looking forward to see how it is going to develop...
Weekly price drops in NYC
Jamaica, Queens – right next to JFK airport. Maybe not the fanciest neighbourhood, so should take with a grain of salt. Good to see they...
Palo Alto, CA: Sold $1M over asking. Let’s understand why…
Ok, it is a Eichler in Palo Alto so that should at least explain something… They’re desirable in that they’re historic and some people like...