Putting Some Additional Air Into The Bubble

The BBC reports on Colorado. "The city's Office of Economic Development recently declared Denver's housing market 'the strongest in the nation,' in terms of price appreciation and value. But it is precisely this strong, or 'hot,' market that is making getting that first step on the housing ladder...
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People Are Crazy Not To Buy

The Sun News reports from South Carolina. "Single-family home sales along the Grand Strand in May clipped along at a level not seen since before the Great Recession, but area Realtors said there are enough brakes on the local market that they’re not worried about Bubble, the sequel. Marvin Heyd,...
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A Recovery Predicated On Reigniting Bubbles

Some housing bubble news from Wall Street and Washington. FX Street, "In its annual report, the Bank for International Settlements is urging central banks to weigh the risks associated with delaying their QE exit strategy. They argue that 'there is a limit to what central banks can do, and there is...
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People Are Afraid Prices Are Going Up, Up, Up!

The Santa Cruz Sentinel reports from California. "Near historically low mortgage rates, relatively low median home prices and solid median income have joined to create an excellent buying opportunity for the prospective homebuyer. In fact, the last time that housing affordability reached a high was...
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It Seems Like We Have Been Here Before

A reader suggested a topic on recent events. "It looks like the Brazilian protests got even larger last night. China is in a liquidity crisis so advanced that they can’t even hide it anymore. Europe is toast. It looks like the BRICs have ended their sprint. What about the BRICs? Where are all the...
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Poor Judgment, Greedy Excess And Quick-Buck Ambition

It's Friday desk clearing time for this blogger. "Home sales and prices continued to climb in May, raising the prospect of a new housing bubble unless there is a significant increase in home building. 'The home price growth is too fast, and only additional supply from new homebuilding can moderate...
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Investors Are Waiting To Receive A Higher Price

KUSI News reports from California. "The median price of a home in San Diego County rose 23.6 percent in May, compared to the same month a year ago, reflecting a statewide jump that gave California the biggest year-over-year price increase in 33 years, according to figures released Monday by the...
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Price Is No Longer A Factor

The Tampa Tribune reports from Florida. "Big-money investment firms called hedge funds are calling real estate agents daily seeking to buy homes before they're even listed for sale on the Multiple Listing Service. Realtors report that investors are buying homes they wouldn't have touched several...
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Features Of The Bubble Are Becoming More Commonplace

The Pioneer Press reports from Minnesota. "Despite the steady rise in home prices over the past few months, Twin Cities' real estate veterans say it's too soon to call the market a bubble again. But it's also almost impossible to avoid a bidding war on almost any home priced below $200,000. Gary...
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