The Housing Bubble Blog

It's Friday desk clearing time for this blogger. "Thousands of foreign buyers are snapping up U.S. properties across the country. Florida is the number one region for sales, holding twenty-two percent of the foreign market. The National Association of Realtors estimates total international sales...

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CBC News reports from Canada. "B.C. Premier Christy Clark is ruling out a tax increase for foreigners buying homes in Metro Vancouver, as an online petition calling for a restriction on foreign investment gathers nearly 18,000 signatures. Clark said the government is trying to tackle the growing...

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The Denver Post reports from Colorado. "Metro Denver leads the nation's major metro areas for home price appreciation this year. The median price of a home sold in the Denver-Aurora area rose 17.2 percent, to $338,100 in the first quarter of 2015 from $288,400 in the first quarter of 2014,...

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CTV News reports from Canada. "Housing starts fell 59 per cent in Saskatchewan on a year-over-year basis in April, according to the latest numbers from Canada Mortgage and Housing Corp. Regina’s housing starts declined eight per cent to 117, while Saskatoon saw a whopping 79 per cent drop to 116....

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The Kirkland Reporter in Washington. "A rise in the number of people looking to buy homes and a historically low inventory has led to an all-out bidding war in Kirkland. This competition has led to a 11.7 percent jump in single family home prices in Kirkland from last year, according to Redfin,...

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A weekend topic on an exchange in this mornings bits bucket. "North Texas median home prices soar above $200,000 for first time...The days of decent sub $200k houses in Dallas are gone." The Dallas Morning News article provided by the poster. "This spring’s scorching home market has propelled...

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It's Friday desk clearing time for this blogger. "Federal Reserve Chair Janet Yellen was right to point out that markets are overvalued, said Yale economics professor, Robert Shiller. 'It's part of their job to disturb the tranquility and I praise Janet Yellen for doing that,' he said in an...

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KATU reports from Oregon. "Real estate agents are seeing buyers offering $100,000 over the asking price for house in hot neighborhoods in Portland. Erin Rothrock, with the Hasson Company, said she recently worked on a house in the Alameda neighborhood that received six bids. 'Five of the six were a...

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CTV Vancouver reports from Canada. "Metro Vancouver’s April real estate numbers point to a red-hot housing market that’s having trouble keeping up with demand. Despite soaring sales both Metro Vancouver and the Fraser Valley last month, excessive inventory in areas like the Township of Langley’s...

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A report from CNN. "It's been a long and uneven road to revival for the housing market. But things have been heating up for the last few years. Home prices took off in 2012 and went on a tear in 2013. And some local markets are on fire, with bidding wars and offers above asking price becoming...