The Housing Bubble Blog

The Edmonton Journal reports from Canada. "Home sales fell nearly 26 per cent year-over-year in January, the Realtors Association of Edmonton reported. The 666 homes that changed hands marked the lowest January number in five years. New listings increased nearly 30 per cent — a five year high. Ryan...

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The Fresno Bee reports from California. "Madera County is swimming in a nine-month supply of homes for sale, a jump from only five months at the end of last year, according to the California Association of Realtors. Home sales in the central San Joaquin Valley fell in January helping to replenish...

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It's Friday desk clearing time for this blogger. "RealtyTrac reported a marked increase in foreclosures locally and statewide in January compared to both a month and year earlier. That sparked blow-back from the local real estate industry and other housing market trackers, including Arizona State...

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A report from the California used house salespeople. "California’s housing market started the new year still bearing the scars of 2014’s tight housing inventory and low housing affordability as statewide home sales fell from the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS®...

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Reuters reports on Canada. "Sales of existing homes in Canada slipped further in January as the drop in oil prices hurt homebuyer demand in western Canada, the Canadian Real Estate Association (CREA) said. A sharp, sustained drop in oil prices has sideswiped the economy in the resource-rich...

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Bloomberg reports on China. "Thousands of families who bought homes in Kaisa’s unfinished projects in Shenzhen fear they’ll become collateral damage in President Xi Jinping’s anti-graft drive, which risks spreading to embroil other developers. The city suspended official registration of presale...

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The Denver Post reports from Colorado. "Z Davis Robison and his wife, Mary, tried and failed for eight months to buy a house near their shop in Old Town Lafayette, before literally stumbling on the one they snapped up in January. 'The time for thinking about what your needs are is before you start...

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The Press & Journal reports from the UK. "A former Scottish rally champion has taken one of the most expensive houses for sale in Scotland back off the market. Brian Lyall put his luxury seven bedroom mansion in Aberdeen on sale for offers over £3.2 million last month. It was believed to be one of...

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It's Friday desk clearing time for this blogger. "Houston’s booming housing market is losing some of its momentum due to the steep decline in oil prices in recent months. A further slowdown appears to be on the horizon. The Houston Realtors group said sales of houses priced at $500,000 or more...