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KXLY reports from Idaho. "Everywhere you look new homes are being built across Coeur d'Alene. 'We did that building right down there, we've got another one right there, we've got four more over there. Our boss has three other crews going so we're slammed,' Dustin Jurcevich with Tamarack...
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A weekend topic on economists, policy and bubbles. Mortgage News Daily, "A new Economic Letter, Interest Rates and House Prices: Pill or Poison? from the Federal Reserve Bank of San Francisco, looks at the link between interest rates, mortgage lending, and house prices. So how much would interest...
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It's Friday desk clearing time for this blogger. "According to realtor.com, the Santa Cruz housing market is one of the hottest in the country. However, the red hot market is dousing the dreams of some potential home buyers. They’re being priced out, but it’s actually benefiting other communities....
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The Province reports from Canada. "Vancouver International Airport is the major port of entry for millions in hidden cash being smuggled into North America by mostly Chinese citizens, a federal document investigation by The Province reveals. And according to money laundering investigators, the...
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The Folsom Telegraph reports from California. "Luxury home sales in the greater Sacramento area soared more than 47 percent in the second quarter of 2015 from the same period a year ago. Meanwhile, the median sale price of a luxury property in the second quarter was $900,000, down 1.9 percent from...
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A report from the New Zealand Herald. "The latest QV.co.nz E-Valuer statistics show only 10 of Auckland's 167 suburbs have homes with a median value under $500,000. The number of suburbs that have hit an average $1m mark has jumped from 43 to 50 in just two months. Real Estate Institute of New...
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The Journal Gazette reports from Indiana. "In the Fort Wayne area, sales of existing homes are up. Median home prices are way up, and the percentage of list price garnered at sale is up. What’s going on? Nothing like Realtor J. Kyle Ness has ever seen in his 12 years selling the area’s residential...
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A weekend topic on what one poster called the Milli Vanilli nature of the global housing bubble. From CNBC. "Ask anyone trying to buy a home today, and the vast majority will launch into a story about a bidding war. Demand for housing has returned, but housing supply has not, and the numbers are...
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It's Friday desk clearing time for this blogger. "A Nobel Prize Laureate is warning that Sydney's real estate market is showing every sign of being in a dangerous price bubble. Professor Vernon Smith, who was honoured for his work in experimental economics, is in Sydney to talk about global...
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