Recovering, Sight-Unseen And Vacant

Space Coast Daily reports from Florida. "August was a hot month for real estate sales in Brevard County. 'Multiple offers have now become common,' says RE/MAX Hall of Fame Realtor Jennifer McCoy with RE/MAX Elite. 'Some of our out-of-town buyers have placed accepted offers on properties without...
Read more (65 comments)

The Devil And The Deep Sea

Some housing bubble news from around the world. 4 News, "Another set of towers, in model form, are backlit in the suite of a 5 star hotel. Capital Towers is in fact a project in Stratford, East London. The flats are up for sale at events like this that span east Asia, and in Kuala Lumpur, 6,500...
Read more (66 comments)

The Victim Of Our Own Creation

Readers suggested a topic on local market observations. "Report on your county. 1st: Fairfax Va - inventory still low- lots of INwesters buying around me. One chopped down all the trees- a feng shui move I guess." One said, "Volusia County, FL. 529 properties owned by Federal NMA. 443 currently...
Read more (47 comments)

The People Who Get Hurt Are Holding The Bag At The End

It's Friday desk clearing time for this blogger. "As most local Americans in Miami haven't fully recovered from the crisis, international investors are filling the void. 'Ninety percent of my clients do not live here at all,' said Miami-based realtor Andy Katz. 'I go out and shoot the video of five...
Read more (33 comments)

Frantic Bidding Has Quieted Down Significantly

The Los Angeles Times reports from California. "Buyers signed fewer contracts for homes in California last month. Pending home sales fell 5% in August from July, the California Assn. of Realtors said Monday. The group’s pending-sales index dropped 9% from last year. The index represents contracts...
Read more (49 comments)

Embarking On A Gambling Venture

A report from the New York Observer. "Flipping a Manhattan townhouse, on the other hand, is supposed to be easier than flipping a burger. But things are not always as they seem, as celebrity chef Emeril Lagasse recently discovered. The bam bam man just sold his Gerogian style townhouse at 158 East...
Read more (66 comments)

The Price Of Profligacy

Readers suggested a topic on central bank policy. "Has the Fed just signaled that tapering is off the table? Prediction: Given the Fed’s concern about supporting stock prices, there will be no Octaper. Everybody knows that October is the riskiest month for stock prices, and the Fed will not want...
Read more (82 comments)