The Housing Bubble Blog

A report from Bloomberg on Australia. "Prices Australia-wide have fallen for nine straight months as the housing boom goes into reverse. Sydney, where affordability is most stretched and investors had the biggest influence, is being hit hardes. 'Sydney is at the epicentre of the housing market...

A report from The Stranger in Washington. "Danny Westneat's present column, 'Another ‘Manhattan moment': Seattle’s new $19,265-a-month apartment' concerns an apartment that's at the top of a new Seattle building and, of course, only the super-rich can afford. It costs $19,000 not 'per year—the...

A report from Real Assets IPE. "Price corrections in Norway, Sweden and Switzerland do not mean that bubbles are bursting in European housing markets, according to Scope Analysis. The German company argued that the price falls were caused by heightened levels of new construction – but it expects...

A report from USA Today. "The housing market may be starting to benefit from the one thing that can loosen a long-running squeeze that has crimped sales and driven up prices: more homes. The nation’s housing inventory increased 12.2 percent in the second quarter, the biggest gain since early 2015,...

A weekend topic on reporting the housing bubble starting with WKBW in New York. "Across Western New York, buyers are struggling to find the homes of their dreams. Inventory is low and prices are jacking up. It's not uncommon for a house to reach over 10 offers and John Heffron, realtor at Gurney...

A Saturday desk clearing post on nations outside the US. "Toronto real estate sales sometimes fall through, it’s a reality of any market. It’s often not until a few months later that we find out how many sales actually closed. Toronto Real Estate Board (TREB) data shows sales fell through at a...

It's Friday desk clearing time for this blogger. "ATTOM Data Solutions, on Thursday reported foreclosure filings for the first half of 2018. Counter to the national trend, 26 of the 219 metropolitan statistical areas analyzed in the report posted a year-over-year increase in foreclosure activity in...

A report from Bisnow. "The multifamily market is in the late stages of a prolonged expansion, and capital sources continue to put money into the sector although industry experts say internal rates of return are declining. 'Capital, especially debt, is extremely available — so is equity, and that...

A report from CBC News in Canada. "House prices declined in much of the Greater Toronto Area in the second quarter of this year, particularly in Richmond Hill, Markham and Vaughan, according to Royal LePage. The aggregate house price in Richmond Hill fell 12.4 per cent in Richmond Hill...

A report from the News Tribune in Washington. "If you want to buy a median-priced home in Pierce County with average wages, get ready for sticker shock. A new analysis shows a single-income family earning the average wage of $49,556 a year will pay more than half of that on housing if they expect...

A weekend topic starting with Realty Biz News. "The apartment sector of the residential housing market has begun showing indications that it is becoming saturated. Construction of high-rise apartment buildings in metro areas typically takes a year or longer to complete. The result is that many...

A Saturday desk clearing post on nations outside the US. "Vancouver's housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers. Sales were down 14 per cent compared with May, the first monthly decline since January when tougher federal mortgage...

It's Friday desk clearing time for this blogger. "Despite a drop in housing prices, supply and demand continue to make Fall Church the most expensive location in the region in multiple metrics. According to May 2018 data provided by ShowingTime based on listing activity, the median City of Falls...

A report from National Mortgage News on New York. "At a new luxury-condo building in Brooklyn, one buyer told broker Ryan Serhant that she'd like three apartments — one for herself to live in, and two as investments to rent out. She wasn't the only one. The tower, 550 Vanderbilt, had more buyers...

The year is half gone and it's time for your predictions. Six months ago: "Canadian Real Estate tanking. There is no reason your real estate should be worth twice mine when we are just across the border. It’s not like you have much better jobs and lower taxes." A reply, "You are absolutely right....

A report from The Island Now in New York. "We celebrated this day on July 4th 1776, as the day of the publication of the Declaration of Independence of our 13 colonies from Britain, which eventually led to the formation of the United States. In a July 3, 1776 letter to his wife, John Adams declared...

A report from the Daily Mail on Australia. "The notorious Sydney housing bubble appears to have well and truly burst, with property prices taking the biggest dive since the global financial crisis nine years ago. Houses in Sydney have suffered price slumps of tens of thousands of dollars as their...

A report from Q 13 Fox in Washington. "Some experts say Seattle is approaching a peak for apartment units available. That means renters could see savings, but it could also mean incentives as well. According to the Seattle Times, 26% of all apartments in Seattle are sitting empty. 'Now we're seeing...

A weekend topic starting with two emails from readers. "I've been following your Housing Bubble Blog for years now, but I have to admit that I'm not sure we'll see another bust similar to 2008-2010. Over the past eleven years, beginning in the summer of 2007, I have lived in numerous boom-bust...

A weekend topic on related bubbles starting with Sparefoot. "A report released recently by Yardi Matrix shows that as of April 30, 2018, Nashville, TN, had more self-storage facilities in the construction or planning stage as a share of existing supply — 27 percent — than any other major U.S....