The Housing Bubble Blog

A report from Curbed Seattle in Washington. "Last week, developers Solterra announced that a planned apartment building in Capitol Hill would be condos, not apartments—following a similar announcement about a Denny Triangle project back in June. Now, three more projects, all scheduled for occupancy...

What do you see in your local housing market? Falling prices? "Portland-area real estate: 10 places where home prices are falling." Or overbuilding? "Walking down Brand Avenue in downtown Glendale, one can’t help but notice the sudden glut of luxury apartments all cheerfully advertising vacancies....

A report from King 5 News in Washington. "Real estate experts are seeing a slight slowdown in the housing market around Seattle – and the trend has led to high dollar price drops on some homes. Ahmad Rabi is selling a home at 11259 Roseberg Ave S in Burien. 'It’s a very nice place. It’s been...

A weekend topic on regulation starting with the Telegraph on New Zealand. "Foreigners are to be banned from buying homes in New Zealand after a spate of millionaires seeking luxury doomsday boltholes has apparently crowded out local buyers and pushed up property prices. Prime Minister Jacinda...

A report from WWSB My Suncoast in Florida. "Are you having trouble selling your home in Sarasota or Bradenton? One Sarasota realtor said she gets hundreds of calls every week from people who can't sell their homes. Alan Schwambach has lived at the Greyhawk Landing development in Bradenton for 15...

It's Friday desk clearing time for this blogger. "'Home sellers throughout the Seattle region are experiencing a reality check and the days of multiple offers are days of the past,' was how one director with Northwest Multiple Listing Service summarized the market. 'People are taking notice of the...

A report from CBS 8 in California. "Sales of previously owned single-family homes in San Diego County dropped 10.5 percent in July compared to June, according to the Greater San Diego Association of Realtors. Month-over-month single-family home sales fell from 2,221 in June to 1,989 in July....

A report from Seattle PI on Washington. "The Seattle condominium market continued to exhibit its buoyancy in July with increased inventory, fewer sales and rising prices. Seattle condo values rose year-over-year by 11.26% to $514,000. However, it was 2.6% lower than June and it also reflected the...

A report from the Wall Street Journal. "Western states experienced the sharpest decline for existing-home sales in the second quarter, a sign that rising prices, higher mortgage rates and, to a limited extent, the new tax law are weighing on pricier markets. Existing-home sales in the western...

A report from the Globe and Mail in Canada. "A leading indicator of future construction activity is the level of activity at sales centres where developers presell new house and condo projects that are not built yet. According to data published by BILD – an industry association for the building...

A report from the LeMars Daily Sentinel in Iowa. "In an effort to get in front of the housing crisis that often plagues small towns, City of Remsen officials decided to expand city infrastructure west of town. 'Like so many areas in northwest Iowa, there’s a housing shortage,' said City Engineer...

A report from the Denver Post in Colorado. "Metro Denver’s housing market normally softens as the summer wears on, but this year it is cooling faster than normal. Higher borrowing costs are a likely culprit. The number of homes sold in the metro area dropped 15.6 percent in July from June, and...

A report from WAMU. "When she moved into her new apartment complex in Pentagon City, Carol Millman didn’t realize she would be sharing her building with hotel guests. But one morning about a year ago, as Millman stood in line awaiting a free breakfast provided by the building’s management, she made...

A report from the Seattle Times in Washington. "Homes are sitting unsold for weeks. Bidding wars are becoming less common. More sellers are even dropping their asking price to attract buyers. The change began suddenly in May — normally the peak buying season — and has only accelerated since,...

A report from Gulf Business. "Dubai Land Department has issued a decision to seize the land, real estate and escrow funds registered to developer Schon Properties to safeguard the rights of investors. The decision was made to allow the Public Prosecutor’s Office and the Dubai Courts time to...

A report from the Miami Herald in Florida. "For renters, Miami’s greater downtown area is the place to be. Budget-conscious home buyers should consider Homestead, Miami Shores and Kendall. Investors will want to pay attention to the Design District. Miami Beach remains popular, but watch out for...

A report from The Real Deal on New York. "Westchester residents, many trying to avoid the hefty tax bill that 2018 promises, are finding themselves in an unforgiving buyers’ market. Prices in the county fell 18 percent in the second quarter of 2018, with homes asking between $1.5 million to $3...

What do you see in your housing market? Stalled construction? "The Alexandria Redevelopment and Housing Authority announced late Friday afternoon that the planned redevelopment of Andrew Adkins, a group of 90 homes built in 1969 located near the Braddock Road Metro, is off the table. ARHA owns and...

A report from the Press Democrat in California. "Laura and Anthony Salvato wanted to buy a home in Santa Rosa before their 4-year-old daughter started kindergarten. However, the couple didn’t know what they could afford during a time of rising interest rates and home prices. The jump in prices was...

A report from the Tallahassee Democrat in Florida. "Whether you call them mansions, estate homes, or high-end homes, the Tallahassee real estate market leads the way when it comes to an oversupply of luxury homes for sale. Right now, there are 57 homes priced at $750,000 and up on the market. That...