What are your housing bubble predictions at mid-year? Six months ago, "Dow tops out at around 17,000 (+.- 500)…we’re already there. Could go down to 12,000-14,000 by the end of 2014. Recession begins in Q3-Q4 of 2014, and will be announced in 2015. Housing prices continue their very slow, gradual...
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It's Friday desk clearing time for this blogger. "Local real estate agents are classifying the housing market in the Tomball and Magnolia area as a seller’s market. 'There’s a real low inventory [in Tomball and Magnolia] that’s creating almost a frenzy of people [looking for homes] certainly in the...
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A report from Capital New York. "Condominium sale prices in Manhattan fell 1.4 percent from April to May, but still rose 10.7 percent from a year before, according to StreetEasy. StreetEasy said the declines are attributable to 'gradual' increase in inventory, the fifth month in a row that...
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The Herald Sun reports on China. "The Communist Party's flagship newspaper on Monday warned foreign investment banks, speculators and domestic property developers from taking 'overly pessimistic views' about the housing market. A commentary in the overseas edition of the People's Daily warned there...
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The Santa Cruz Sentinel reports from California. "For the first time in 39 months, listings of single-family homes rose compared to a year ago, increasing from 633 to 662, up 4.6 percent, according to Gary Gangnes of Real Options Realty, who tracks the numbers. The median price, the midpoint of...
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Readers suggested topic on where we are. "When will this echo-bubble hit its peak, or has it already done so? Someone this past week posted a comment of 'I’m calling top.' But it made me wonder: are we really close to the top? Past the top? Still years from the top?" A reply, "We should include a...
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