Home Sellers Get Desperate, Shower Buyers With Concessions
By Tyler Durden As the real estate market continues to soften amid rising rates and reduced appetites, home sellers are starting to toss in the…
Real Estate
Times Square Crowne Plaza Hotel Goes Bankrupt
By Tyler Durden Is this the first major commercial real estate domino to fall in the aftermath of Covid’s “work from home” revolution? The corporate…
The “Mega-Bubbles” Have Started To Burst, And That Could Mean Unprecedented Financial Chaos Is Ahead
By Michael Snyder The Federal Reserve giveth, and the Federal Reserve taketh away. In a desperate attempt to help the U.S. economy recover from the…
November Home Sales Suffer Biggest Crash In History
By Tyler Durden As a historic cold front blankets the continental US – because global warming of course – locking down hundreds of millions, and…
Around 450,000 Homebuyers Are Now Underwater As “Early” FHA Delinquencies Hit 2009 Levels
By Tyler Durden As the housing market continues to implode – marking a record drop in pending home sales last month amid canceled deals and…
Home Economics: 2 in 3 Americans Tackling More DIY Projects as Inflation Drives up Costs
By Chris Melore More than two-thirds of Americans find themselves spending more time at home now than two years ago – and the economy may…
A Shocking 37% Of Real Estate Agents Couldn’t Afford October Office Rent
By Tyler Durden The Federal Reserve has hiked 375bps in just six meetings this year. Mortgage rates have followed suit, skyrocketing from a low of…
3 Major Factors Which Will Make 2023 A Historically Painful Year For The Housing Market
By Michael Snyder I am extremely concerned by what I am seeing in the housing market. When the Federal Reserve decided that it was going…
Housing Affordability Worsens As Homeownership Out Of Reach For Anyone Making Under $100K
By Tyler Durden The US housing affordability crisis continues to worsen as mortgage rates skyrocket to two-decade highs while the cost of an average home…
Residents, Weather Expert Concerned about Doppler Radar Corruption, Property Value, Wildlife in re Proposed Wind Farm
By B.N. Frank Opposition to wind turbines and farms is likely to increase in the U.S. and worldwide until substantial biological, economic, environmental, and safety…
LA Turns To A “Mansion Tax” To Try And Solve Its Homelessness Problem
By Tyler Durden Believe it or not, California thinks it has a solution to the homelessness problem that can be solved with additional taxation! Go…
Loan Demand For Mortgage Loans Crashes To Depression Levels
By Tyler Durden In all the chaos over the past few days, we missed the release of the Fed’s latest Senior Loan Officer Survey which…
More Lawmakers Go After “Clean Energy” Lenders that Put Borrowers at Risk of Losing Homes
By B.N. Frank Since 2021 ProPublica has been exposing issues associated with controversial high-interest Property Assessed Clean Energy (PACE) loans and their lenders (see 1,…
These Global Cities Show The Highest Real Estate Bubble Risk
By Tyler Durden Housing bubbles are a tricky phenomenon. As a market gathers steam and prices increase, it remains a matter of debate whether that…