The Housing Bubble Blog

It's Friday desk clearing time for this blogger. "Home sales are down in California for the for the sixth consecutive month, suggesting an impending slowdown even as prices are setting new records. Chris Thornberg, founding partner of Beacon Economics told the Los Angeles Times only an unlikely...

A report from the Aurora Sentinel in Colorado. "Tales of distraught would-be homeowners unable to snatch a dream home in Colorado’s scorching-hot housing market are more common these days than a weed shop on Colfax. Renters in metro Denver feel that pinch just as acutely. But, experts say, there...

A report from the Seattle Times in Washington. "Seattle’s real-estate market, already the hottest in the country, is now seeing prices rise faster than at any point since the housing bubble last decade — and even some wealthy foreign buyers are apparently starting to get priced out. For the past...

A report from City AM on the UK. "Analysis of homes listed on Zoopla has found 35.3 per cent of all homes listed for sale in the capital have had their prices cut since they were first listed, up from 29.7 per cent in February. The study, by online estate agent HouseSimple.com, found Richmond is...

A report from the Press-Telegram in California. "Apartment buildings are a hot commodity in Southern California these days, with transactions tripling since the recession and sale prices steadily climbing. With higher prices come lower returns. To offset that, investors are looking for buildings...

A report from Realtor.com on California. "Stephen Curry isn't used to losing—at least, on a basketball court. But in the realm of real estate, this Golden State Warriors point guard proved that not all he touches turns to gold when he recently sold his home in Walnut Creek, CA, at a loss. In...

A weekend topic starting with CNBC. "If the speculation bears out and the White House's chief economic advisor, Gary Cohn, a Goldman Sachs alum, were to become the next Federal Reserve chairman, the Trump administration would be gaining a steady hand at the central bank, but perhaps losing support...

It's Friday desk clearing time for this blogger. "Barbara L. Pearce, president of the North Haven-based real estate firm Pearce Co., said the oversupply of luxury-priced homes in Fairfield County has a negative impact on similarly priced homes in the New Haven area. 'It’s hard to predict which...

A report from the Arizona Republic. "The Valley needs a lot more apartments to keep up with its expected growth, according to a new study. Anyone who has been around downtown Phoenix, Scottsdale or Tempe, where thousands of apartments have recently gone up or are under construction, will probably...

A report from Bloomberg on Canada. "Canada’s hottest housing market is definitely cooling down. Total home sales in Greater Toronto dropped to 5,977 in June, the lowest level since 2010 and down 15.1 percent from the month prior, data from the Canadian Real Estate Association show. Average prices...

A report from National Real Estate Investor. "Earlier this year it seemed like student housing properties were immune from the slowdown in investment sales. Sales for other property types had slowed dramatically compared to 2016. But the volume of single-asset student housing properties bought and...

A topic around some articles and comments recently. I posted this Thursday: "Since 2000, Alexandria has lost 90 percent of its affordable housing. There are now fewer than 2,000 affordable apartments." "According to new research by Harvard University, almost 40 million Americans cannot afford to...

A weekend topic on where we are starting with the Press Telegram in California. "For 62 straight months, Southern California home prices have gone in one direction. Up. Five years ago, you could snatch up a median-priced condo in Orange and Los Angeles counties for about $280,000, 76 percent less...

It's Friday desk clearing time for this blogger. "If you haven’t looked lately, you may not have noticed he real estate market in Franklin and Gulf counties is on the rebound. Gloria Salinard, director of the Realtors Association of Franklin and Gulf Counties, said the picture seems to include a...

A report from Boise Weekly in Idaho. "Currently in Boise it is good to be a landlord, and great to be a developer: There are more than a dozen new or in-development housing units in the downtown core alone. More than 1,300 units have been recently completed or are under construction. JPM...

A report from King 5. "San Francisco, one of the nation's hottest real estate markets is becoming one of the coolest, and that's concerning some experts who wonder if that trend could spread to cities like Seattle. The Bay Area is seeing many buyers no longer interested in chasing overly inflated...

A report from York Region in Canada. "What went way up just had to come way down. Lauren Haw, CEO of Zoocasa, who crunched York Region’s real estate numbers, said the biggest story is the steep drop from April 2017 through June 2017. 'Over that period, we saw a 55.5 per cent decline in sales for...

A report from the Orange Country Register in California. "Apartment buildings are a hot commodity in Southern California these days, with transactions tripling since the recession and sale prices steadily climbing. In many cases, new ownership can be a blessing, bringing upgrades, renovations and...

A weekend topic starting with the Denver Post. "Good news for buyers: Denver’s perpetually tight real estate market loosened up in June, according to a market trends report by the Denver Metro Association of Realtors. Residential inventory in the Denver metro area increased nearly 20 percent in...

It's Friday desk clearing time for this blogger. "The online real estate site Trulia ranks Sarasota in the top ten hottest real estate markets of 2017. USF Sarasota-Manatee economics instructor Dr. Michael Snipes says Florida's quick bounce back is due to the constant influx of new home buyers. The...