Interwoven In An Obscure Chain Of Ponzi Credit

It's Friday desk clearing time for this blogger. "If you’re trying to sell a single-family house priced at $1 million or more in Northern Virginia, better make sure it’s in tip-top shape. Demand for pricey houses in that range has cooled in that part of the region. Listings rose the most in Fairfax...
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Many Investors Are Shocked At What Happened

Some housing bubble news from around the world. The New York Daily News, "Sellers of some of the city’s most expensive properties are dramatically slashing prices, even as developers keep trying to push the boundaries of the luxury market with pie-in-the-sky price tags of up to $175 million....
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A Bottomless Pit If They Cut Prices

It's Friday desk clearing time for this blogger. "The housing bubble brought bidding wars. This manic bidding was, in effect, a sign of the bubble, as well as a factor that helped inflate it. But a curious thing has happened since the housing market has returned to something more rational: The...
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Living In The Twilight Of Uncertainty

The Real Deal reports from New York. "Initial reports suggested that units at the Madison in Long Island City, a new condominium development, were selling like hotcakes. Nevertheless, the building is now going rental. Pre-construction sales launched at the 14-unit building last summer, and roughly...
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Some Of These Gains Could Be Reversed

Two Bloomberg reports on the housing bubble. "Denmark is monitoring its property market and is ready to act should the country’s efforts to defend its euro peg result in unsustainable house-price distortions. Morten Oestergaard, the country’s economy minister, says such a scenario 'may come in the...
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The Fast-Moving Gravy Train Is Drying Up

Bloomberg reports on Massachusetts. "Developers rushed to build multifamily buildings to capitalize on the demand, spurring a surge in supply that’s now keeping a lid on rents. More than 77,000 apartment units were added across the country in the past three years, according to Axiometrics Inc., a...
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A Little Bit Irresponsible And A Little Bit Crazy

Global News reports from Canada. "First-time buyers are screwed. Many young families who’ve bit the bullet on oversized mortgages are dangerously vulnerable in the event of a downturn, while the whole creaking apparatus of Canada’s gilded housing market could be overpriced by nearly a third. At...
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