The Housing Bubble Blog

A report from the Riverdale Standard on Florida. "These are some of the findings of the 2018 Miami-Dade Real Estate Study. Analysts say the increased optimism reflects an oversupply of unsold condos and a growing number of new rentals buildings — two factors that should make sellers and landlords...

A report from El Pais on Spain. "Around 60 people who have been affected by an alleged scam in Mallorca, in which properties that didn’t exist were put on sale, say that they feel 'unprotected' under current Spanish law, and are calling for new regulations so that episodes like this one cannot...

A report from the San Diego Reader in California. "Rancho Santa Fe’s Irene Valenti runs a matchmaking service claiming to tie rich and/or talented women with rich and/or talented men. However, as revealed a year ago, she herself wouldn’t qualify for a match. She went into Chapter 7 (liquidation)...

A report from the Sunday Independent. "Back in February, we published a report compiled by the Institute of Professional Auctioneers and Valuers (IPAV) that showed the first signs of a slowdown in house price inflation in Dublin. In August, the CSO's monthly index of house prices showed increases...

A report from Better Dwelling in Canada. "Toronto has a whole lot of real estate development going on. Rider Levett Bucknall (RLB), a large real estate consulting firm, released their quarterly crane index. The index puts Toronto at the top of the high-rise construction pile in North America....

A report from the San Francisco Chronicle in California. "The median sale price for homes sold in the Bay Area in July was down 2.9 percent to $850,000 from the record high of $875,000 recorded in May and June, according to CoreLogic Data. 'It is not unusual for a regional median sale price to slip...

A report from Kenneth Harney. "When the Federal Reserve polled senior bank executives last month on whether they’ve been loosening credit criteria for home-mortgage applicants, most bankers said, 'no way, not us.' They’ve kept their rules tight to avoid the problems the lending industry experienced...

A report from Bizwest on Colorado. "To quote a recent Fortune.com article, it’s been a 'remarkable' run for the American economy. At 110 months of growth since the end of the last recession, we’re experiencing the second-longest economic expansion on record. And in Northern Colorado, like much of...

A report from the Marin Independent Journal in California. "The median price paid for a home in Marin County in July climbed to $1.1 million, up 14.9 percent from the $957,500 median posted a year earlier. At the same time, CoreLogic also reported that the number of new and resale homes and condos...

It's Friday desk clearing time for this blogger. "The Las Vegas real estate market is as hot as the desert heat. 'There’s a lot of investors buying these properties, so the competition is becoming fiercer and more difficult for the average home buyer,' said Avi Dan-Goor a real estate agent in the...

A report from Curbed Los Angeles in California. "For the first time since January, home prices in Los Angeles County fell month-to-month in July, according to CoreLogic. The median sale price for the month was $607,500, down 1.2 percent since June, when home prices soared to a record-high $615,000....

A report from CNBC. "The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America's top listings over the past few months, according to a CNBC analysis. The high-end real-estate market has seen steep price cuts in recent months as...

A report from the Ventura County Star in California. "Home sales and median housing prices slightly declined throughout Ventura County and the rest of Southern California last month. Ventura County sold 947 homes at a median sale price of $595,000 last month, according to CoreLogic. The county’s...

A report from Bloomberg on New York. "When a three-bedroom condo in Tribeca got its fourth price cut in a year, the sales broker, Steve Snider, didn’t leave it at that. He also spiced up the listing to make sure potential buyers didn’t miss the news. 'New price. Motivated seller. Bring offers!'...

A report from the Downey Patriot in California. "Financial Partners Credit Union hosted its second annual Gateway Cities Economic Forum last Thursday at the Rio Hondo Event Center, featuring economist Christopher Thornberg as its keynote speaker. Thornberg noted the slowdown in the rate of job...

A report from the Boston Globe in Masschusetts. "Anyone who’s bought a home in Greater Boston during the last few years might describe the experience as brutal. Unrelenting demand and a tight supply have made buying options scarce and competition ruthless, driving prices into record-high territory....

A report from MarketWatch. "Pending-home sales declined 0.7% in July, the National Association of Realtors said Wednesday. It was the seventh-straight month in which the index was lower on an annual basis — by 2.3% in July. Housing has stalled out. In July, total home sales — existing and new —...

A report from CNN. "If you’re a real estate agent, odds are you haven’t been closing as many deals lately. 'We’re hearing things from our real estate agents that we haven’t heard in three years about homebuyers stepping back from high prices,' said Redfin CEO Glenn Kelman on the real estate firm’s...

A report from the Colorado Real Estate Journal. "Interest rates that continue to creep up have not had a major impact on Front Range lending activity. With an unprecedented amount of money on the sidelines, there remains too much money chasing too few deals. Nowhere is this more evident than in the...