The Housing Bubble Blog

A report from the Naples Daily News. "Florida saw strong existing home price growth in June over the year. But in Southwest Florida, which had big inventory increases, the numbers weren't as strong, according to reports released Thursday by Florida Realtors and local Realtor boards. Median sales...

A weekend topic on the housing bubble and policy starting with the Evening Standard. "It is generally a mistake to assume that because someone is in charge, they know what they are doing. It is not just politicians we should worry about, however. The same can be said of technocrats, many of whom...

Long time poster, guest writer and friend to this blog, Jack McCabe has launched a new service I wanted to pass along. I do this not for compensation, but for the benefit of those who read here and because of a sincere respect for Mr McCabe's insight. Best wishes for the new venture. From the desk...

It's Friday desk clearing time for this blogger. "As homes continue to claw back value lost in the real estate crash, Palm Beach County house prices last month climbed to their highest level in eight years. Values have bounced back — and Jackie Ellis, owner of Keller Williams offices in Boynton...

The Real Deal reports from Florida. "Miami’s housing market is now facing what amounts to a giant reality check, according to the newly released Elliman reports, as its overheated pace of sales falls like a ton of bricks to more moderate — albeit less sexy — levels. While the market as a whole is...

Bloomberg reports on China. "New areas planned by China’s small cities could accommodate 3.4 billion people by 2030 -- or almost half the world’s current population -- a target that even Chinese state media calls problematic. A report by the National Development & Reform Commission, China’s central...

Local 10 News reports from Florida. "South Florida's real estate sellers are no longer scarce. 'Fort Lauderdale is now becoming a buyer's market,' Mark Sadek, chairman of the Miami Association of Realtors, said Thursday. The group's president agreed. 'It's definitely becoming a buyer's market,...

A weekend look at multi-family housing starting with the Northern Nevada Business Weekly. "The Reno market is increasingly attractive to out-of-state investors. 'Investors in Reno don’t see the same value as investors from San Francisco or San Diego,” Kenneth Blomsterberg, first vice president...

It's Friday desk clearing time for this blogger. "Pilloried as the hallmark of the 2008 financial collapse in the movie The Big Short, Miami and South Florida’s condo market has made a colossal comeback since 2011. But with sales slowing since the end of last year, and an onslaught of new units...

The Daily Star reports from Lebanon. "Lebanese real estate developers dismissed Monday an imminent, drastic fall in property prices in Lebanon, despite the abundant amount of apartments in the country. 'Real estate prices cannot fall sharply in Lebanon because lands on which real estate developers...

The North Bay Business Journal reports from California. "After a few years of hot sales activity, the market for multifamily properties in the North Bay appears to be slowing, not so much from lack of interest among investors but for lack of buying opportunities and pricing uncertainties, according...

The Business News Network reports from Canada. "There’s a good chance Vancouver’s hot housing market has hit its peak, following a similar pattern to that of crashes in oil, gold prices and the dot-com bubble, according to LePoidevin Group’s senior vice-president and portfolio manager. David...

A report from the Arizona Daily Star. "Low interest rates and higher home values have more Tucsonans taking out loans against their houses — a move mortgage lenders and financial planners warn can be risky. Paul Volpe, senior vice president of Tucson-based Nova Home Loans, said the last two months...

A look at political change and the global housing bubble starting with News Limited in Australia. "There's a revolution happening. It’s the rise of the 'up yours vote,' the protest movement that brought Britain to its political knees and continues to fuel the Trump campaign in America. That...

It's Friday desk clearing time for this blogger. "Apartment developers are starting to tread more carefully as cracks appear in the five-year-old boom that sent rents soaring to records across the U.S. Construction concentrated in fast-growing urban markets has left cities from New York to Denver...

The Global News BC reports from Canada. "There is no denying that the real estate market in Vancouver is red hot – prices have been rising with no end in sight. But one market analyst thinks we will see the bubble burst. Marc Cohodes used to run one of the largest hedge funds on Wall Street....

The Houma Today reports from Louisiana. "Home prices in the Houma-Thibodaux area dipped slightly compared to just a year ago, according to CoreLogic. Lucille Duprey, general manager at Larussa Real Estate in Houma, said the oil slump has affected the real estate market, but it 'hasn't been...

The Omaha World Herald reports from Nebraska. "In red-hot housing market, some Omaha homes are selling above asking price — in 24 hours or less. Scott Lawrence of NP Dodge said he has brokered numerous homes this year that sold above asking price. 'I’ve written at least 20 offers this year for full...

What's your mid-year housing bubble predictions? From 6 months ago. "My prediction for 2016 is that Europe and the EU will be the big story. At least one terrorist incident will occur. More Libyan/Syrian/Iraqi/Afghan migrants will arrive, at the same time a recession does. Frustrated, unemployed...