The Housing Bubble Blog

The News Press reports from Florida. "It's the sweet spot for single-family-home sales in Southwest Florida: $250,000. Denny Grimes, of Denny Grimes & Co., said homes for sale in the $200,000-$250,000 range have a median time of 30 days listed, compared to 70 to 90 days for the home market as a...

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The Santa Cruz Sentinel reports from California. "It's tough for home buyers in Santa Cruz County. In March, the median price was $662,750, the highest in a year except for November, according to Gary Gangnes of Real Options Realty, who tracks the numbers. Judy Brose, an agent with Century 21,...

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The Boston Globe reports on Massachusetts. "The success of shows like 'Flipping Boston' has been one factor contributing to the boom in house-flipping since the economic downturn began in 2008. Kerry Sullivan, a Wellesley-based real estate agent, and Lenny Rowe, a member South Shore Association of...

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Xinhua reports from China. "Economists from China's leading think tanks have dismissed predictions that a possible property meltdown would trigger a crisis or even a crash in the world's second largest economy. 'It can be said that China's property bubbles are now the biggest risk in its economy,...

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Readers suggested a topic on the changing housing market. "How long from now will the MSM openly acknowledge U.S. housing price declines?" A reply, "I do not expect 'rebubble pricing' to continue. My expectations of the market are that housing prices will bounce along with the seasons, some...

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It's Friday desk clearing time for this blogger. "In 2005. Peter Fields, the president of Fields Construction, began work on a 100-house subdivision called North Oaks, in neighboring Salem, Virginia. Now those houses have owners, and new houses are rising. But things aren’t good enough to lead a...

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The Orange County Register reports from California. "OK, now I'm a bit worried. The local homebuying slump extended itself into the start of the traditional house-shopping season – and Southern Californians certainly can’t blame 'bad winter weather' for the sluggishness. DataQuick reported that it...

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The South China Morning Post reports on Hong Kong. "Home sales in the secondary market registered strong growth during the Easter holiday as more owners joined the price-cutting strategy employed by developers to spark buying interest. 'It was driven by more owners willing to offer discounts after...

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The Tampa Bay Times reports from Florida. "Seven of the largest investors buying homes here have in two years spent more than $1 billion, amassing 6,800 houses in an unprecedented land grab, a Tampa Bay Times analysis has found. Now, for investors, comes the hard part. They must fix up, rent out...