Hearing The Word Oversupply Just About Everywhere

The Los Angeles Times reports from California. "By most measures, the housing market these days is a bit sluggish. But the high end is hopping. Luxury home sales in Southern California are hitting levels not seen in decades. Sales worth $10 million or more are on pace this year to double their...
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Six Months Ago Buyers Were Being Unrealistic

It's Friday desk clearing time for this blogger. "Through the first 10 months of the year, sales in the Triangle are up 2 percent compared with the same period in 2013. While prices have inched up over the past year, the increases haven’t been substantial enough to entice a larger number of sellers...
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The Dreaded Talk About Price Drops

The South Florida Daily Business Review. "The deeds only tell half the story—if that—when it comes to showing who's behind some of South Florida's biggest real estate deals. Analysts says institutional investors are the dynamos fueling most of the region's big-money transactions. 'In the markets...
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We May Have Reached An Affordability Tolerance

The Marin Independent Journal reports from California. "The median price of a single-family home in Marin jumped 9 percent in October, to $977,000 compared with a year ago, while sales edged up 2 percent, according to CoreLogic DataQuick. Condominium sales were down 3 percent, with 62 condos...
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To Absorb The Supply, Prices Will Have To Weaken

Stuff reports from New Zealand. "Auckland's galloping property market is already outrunning the latest rates valuations, released frenzied anticipation. Loan Market mortgage adviser Bruce Patten said he had already seen a property assessed by a valuer as worth $715,000, when its new council...
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A Stark Reminder That Not All Investments Pay Off

Real Estate Weekly reports on New York. "As late as a year ago, most real estate experts scoffed at the notion that New York’s luxury condo market is heading for a bubble. But in the past months, opinion has shifted noticeably as more and more new luxury towers are being announced. At a panel at...
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Some Buyers May Be Feeling Like Fools Now

It;s Friday desk clearing time for this blogger. "Watch out luxury homebuyers: Major cities across the globe are looking to wealthy real estate investors to boost their coffers. Lawmakers in Paris, London and New York City are mulling new taxes on high-end home purchases. Realtors say deals in...
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The Void Left By The Drop-Off In Investors

The Union Tribune reports from California. "The median price for a home in San Diego County fell from September to October, but the pace of annual appreciation still ticked up. The pace of annual home price appreciation has been slowing since peaking at 24.1 percent in June 2013, led largely by...
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