The Housing Bubble Blog

Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.

The Expectation That Created A Sense Of Crisis

The Detroit Free Press reports on Michigan. "Dawn Mueller, a Realtor with Coldwell Banker Weir Manuel in Northville, said the market is fast-paced on both ends. She said in the past month, she's listed two houses that attracted multiple offers and went for at or above asking price. 'On the other...
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Buyers Either Drastically Overpay, Or Wait

The Record.net reports from California. "Single-family home inventories in San Joaquin County have dwindled from about 2,600 in September 2010 to just over 1,000 in May, the lowest level since the peak of the housing boom in 2005. Area real estate brokers report strong activity, receiving multiple...
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A False Basis For Confidence

A reader posted this article. "Shaky Cyprus teeters between Moscow and Brussels, as the latest troubled EU nation hurtles towards a seemingly inevitable financial rescue." I replied, "This brings up a topic I’ve been thinking about. When I do searches for the Friday post, I get an idea of what’s...
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Escalating Prices And Where Risky Decisions Can Lead

It's Friday desk clearing time for this blogger. "The number of Metro Orlando homes entering the foreclosure process last month was up more than 10 percent from the month before. May was the fifth consecutive month in which increasing numbers of homeowners in the four-county metro area encountered...
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A Bidding War Epidemic

The City Wire reports from Arkansas. "A May 11 ruling from U.S. District Court Judge J. Leon Holmes is expected to unplug a bottleneck of foreclosure filings that began in the fall of 2011 when a bankruptcy court ruling essentially halted the sale of foreclosed homes. 'The immediate problem with...
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Driving Up Prices And Increasing Demand

The Cape Gazette reports from Delaware. "More than 200 Delaware Realtors from all three counties rallied on the National Mall in Washington, D.C., in support of the housing industry. They were part of an estimated 15,000 Realtors from across the country that converged on the grounds of the...
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