The Housing Bubble Blog

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It's Friday desk clearing time for this blogger. "The median price paid for a Bay Area home that closed in August was $607,000. That was down 1.6 percent from July, according to CoreLogic DataQuick. In San Francisco alone, the median price paid for a home continued dropping from its all-time high...

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The Boston Herald reports from Massachusetts. "Local real estate experts remain bullish about the Greater Boston market but stressed the need for workforce housing and warned of a potential luxury residential glut. 'This certainly feels like a high-water mark for me,' said John Hynes III, CEO of...

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The San Francisco Bay Guardian reports from California. "Two Realtor groups have dumped nearly $600,000 into the campaign against Prop. G, the tax on flipping properties to discourage real estate speculation and evictions in San Francisco. Sara Shortt, exeuctive director of the Housing Rights...

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The Orlando Sentinel reports from Florida. "During Christmas week last year, Robert Cook and his wife, Karen, rejoiced when they learned they had qualified for a government-sponsored mortgage reduction that would help them keep their home. More than eight months later, they still have no mortgage...

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The Buffalo News reports from New York. "Fewer homes changed hands in the Buffalo Niagara region in July, prices fell, and the number of homes available for sale dropped as the hot local housing market appeared to stall in early summer. Stan Palczewski and his fiancée, Jennifer Lowell, are selling...

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It's Friday desk clearing time for this blogger. "Across the Dallas-Fort Worth area, it is not an easy time to be in the buying market. Brooke Beavers is looking for a condo in the Oak Lawn/Uptown area of Dallas. She recently sold her current home to a developer who was interested in buying the...

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The Real Deal reports from New York. "With the New York City luxury condominium market on a long hot streak — resales of condo units are now trading at a 19-year high — developers are rethinking traditional ways of doing business. One dramatic shift: Builders are increasingly plowing ahead with...

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Some housing bubble news from around the world. Globe and Mail in Canada. "Calgary’s tight housing inventory is starting to ease as more properties hit the market. Migration levels, while still strong, appear to be easing, said Ann-Marie Lurie, chief economist at the Calgary Real Estate Board....

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The News Press reports from Florida. "Housing starts in Southwest Florida spiked sharply in the second quarter, according to Metrostudy. Land Solutions CEO Randy Thibaut, who specializes in brokering the large-scale land transactions necessary to create residential communities, said the...