The Housing Bubble Blog

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

The Funny Money Is In Shorter Supply

It's Friday desk clearing time for this blogger. "Lin-Lin Tsou-Otani is a real estate agent with DeLeon Realty. It’s Saturday morning, and our housing search starts in Cupertino, in a van filled with about 10 other people. The van seats are full – so Tsou-Otani stands in front, guiding buyers on a...
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A Major Shift From When Sellers Held All The Cards

The Stockton Record reports from California. "A variety of advocates for low-income housing, for minorities and for the south side made those arguments at a Stockton City Council meeting Tuesday night focusing on a proposal by builders and Mayor Anthony Silva to slash permit fees citywide in an...
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The Gorilla In The Great Room

Please visit my Youtube channel which you can also find here: http:tinyurl.com/http-hbb-com The Denver Post reports from Colorado. "The total sales volume of luxury homes sold (sales over $1M) in the Denver metro market in September was 60 percent higher than September of last year, according to...
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To Be Successful In A Crowded Market

A report from the Tennessean. "There are thousands of homes for sale in the Nashville region — 8,904 in August, according to the Greater Nashville Association of Realtors. But there are fewer than last year, when 10,106 homes were on the market. Meanwhile, sales are up. With more buyers chasing...
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The Nearly Unanimous Sentiment Is Fear

London SE1 reports from the UK. "Neo Bankside was a joint venture between developers Grosvenor and Native Land. The scheme's four hexagonal towers were designed by Rogers Stirk Harbour and Partners. The penthouse at the top of pavilion B went on sale 18 months ago with an asking price of £22.5...
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When Things Started Going Wrong

A weekend topic on the housing bubble. USA Today, "In Phishing for Phools: The Economics of Manipulation & Deception by George Akerlof and Robert Shiller, the authors note that free markets are capable of generating unimaginable wealth and innovation. And yet, this system also 'tends to spawn...
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We Began To Think Of Our Homes As Investments

It's Friday desk clearing time for this blogger. "International buyers are accounting for the smallest share of California home sales in at least eight years as prices climb and investors from China, the biggest source of foreign purchases, slow buying, according to the state’s Realtors group. The...
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Sellers Are Starting To Chase The Market Down

The Denver Post reports from Colorado. "Residential real estate markets typically slow in September and the autumn months. But the changes underway in metro Denver appear to be going beyond the normal seasonal changing of colors. 'Sellers are starting to chase the market down,' said Anthony Rael,...
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Unorthodox Demand With Unorthodox Capital

Some housing bubble news from Wall Street and Washington. Bloomberg, "As residential real-estate prices stage a comeback, Federal Reserve policy makers may be gaining an extra motivation for lifting interest rates for the first time in nearly a decade: They don’t want to let recovery evolve into...
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