Active vacation rentals in the Seattle Metropolitan Area
This is a different aspect of the housing crisis… There’s high house purchase prices and there’s the potential effect on current supply due to growth...
This is what a 1M house looks like in Los Angeles
https://www.zillow.com/homedetails/3256-S-Sherbourne-Dr-Los-Angeles-CA-90034/20495867_zpid/ Built in 1940, located in Culver City. It’s on Zillow since a few days, let’s see what happens in the next few weeks....
Wells Fargo to start laying off Mortgage Staff
Wells Fargo confirmed Friday its laying off an undisclosed number of home lending employees due to mortgage market conditions: https://www.iqstock.news/n/wells-fargo-confirms-mortgage-staff-layoffs-3789242/ Interestingly enough, this happened a...
604k Price Cut in Costa Mesa CA
Bought at the peak in 2008 and it’s $5k cheaper now than it was back then. We should not take single listings as evidence for...
$100k price cut in Austin area. It’s happening
Listed at $205k in 2017. Listed at $619k two weeks ago. There are plenty of similar homes in this area for sale, it seems that people are...
Home sales dip for a second consecutive month
According to the the National Association of Realtors (NAR), home sales fell 2.7% to a seasonally adjusted 5.77 million units in March from February. Home sales...
Canada bans foreign home buyers for two years, ignoring the actual root cause of the problem
The Canadian government will ban foreign homebuyers for two years, AP reported Monday. The ban is aimed at “[c]urbing unfair practices that drive up the price of...
Canada home sales and volume fell in March 2022
Market slowing down in Canada, where the average price came in at $796,000, down from all-time high reached previous month. The Canadian Real Estate Association...
Nearly One-Third of Homeowners Have a Mortgage Rate Far Below Today’s Level
About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4%—substantially below today’s level of 5%. About one-third (32%) of all homeowners—including those without...
Homebuilder sentiment drops for fourth straight month
Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains boosted housing costs, shutting out...