Because It Has Been Good, It Must Be Good Forever

The Torstar News Service reports from Canada. "A group of midtown Toronto residents has banded together to fight what it’s dubbed 'density creep,' amid a push for midrise development citywide that shows no signs of abating. The group of about 50 neighbours claims the project will ruin their stretch...
Read more (94 comments)

Buying At The Top Of What They Can Afford

The Mercury News reports from California. "How high does this ladder stretch? With spring buyers vying for a limited number of properties, the median price for Santa Clara County homes reached yet another all-time high in April. Sticker shock spread throughout the region, with prices for...
Read more (39 comments)

Buyers Acknowledge They're Overpaying

A weekend topic on bubbly media reports. The Tyler Morning Telegraph in Texas. "It’s a seller’s market, as homes in Tyler and Smith County are being snapped up quickly and builders work hard to meet growing demand. It’s not Dallas yet — where demand has artificially increased asking prices — but...
Read more (97 comments)

Nobody Wants To Buy At The Top

It's Friday desk clearing time for this blogger. "A casualty of Denver's hot real estate market is the once-lucrative practice of 'fixing and flipping' distressed homes. Soaring housing values and a dearth of foreclosures leave investors with a shortage of properties suitable for buying on the...
Read more (114 comments)

A Lot Of Speculation In The Marketplace

A report from the Virginian Pilot. "A national research and consulting company says the Hampton Roads real estate market may be approaching another housing bubble. Hampton Roads 'is starting to show some signs of a bubble,' said David Macpherson, chief economist for Smithfield & Wainwright. 'It...
Read more (57 comments)

A Lot Of People Bought Houses When Prices Were High

The Vancouver Sun reports from Canada. "The hot real estate market is generating a frenzy of interest in property flipping in affluent West Vancouver as speculators turn big profits in only a few months. A review of 23 real estate listings by The Vancouver Sun reveals an average turnaround time of...
Read more (63 comments)

A Boom Built On False Equity

A report from the McClatchy Washington Bureau. "Real-estate valuation firm Smithfield & Wainwright warns that at least 14 states and the District of Columbia may be experiencing inflated prices like those that preceded the U.S. financial crisis. 'You’re starting to get a disconnect,' David...
Read more (77 comments)

Some Sellers May Rush To Get Out

AFK Insider reports on South Africa. "Housing prices in South Africa’s leisure property market are still increasing, but they’re slowing as a result of slower economic growth and the prospect of rising interest rates, MoneyWeb reports. There’s a glut of leisure properties on the market, especially...
Read more (53 comments)

This Kind Of Synchronized Boom Has Never Happened

A weekend topic on the state of the housing bubble. The Denver Channel in Colorado. "Flowers, letters and other gifts are no longer just for dating. These days, first-time home buyers are courting Denver metro homeowners in hopes of competing in a real estate market that's gone over the top....
Read more (86 comments)