A High-Flying Market Has Caught A Serious Chill

A report from the Canadian Mortgage Broker News. "A major Canadian Bank believes the housing boom in one of Canada’s most bullish markets will start to cool this year -- but to what degree? 'While the GTA housing market has shown few signs of slowing this year, one thing remains certain: Housing...
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Supply Is Abundant But Demand Is Not As High As Before

The Midland Reporter Telegram reports from Texas. "As oil prices have halved in the last six months, Midland’s feverish housing industry hasn’t let up. Home builders do not see themselves pressing the brakes anytime soon. 'We set our goal to build 300 homes in Midland in 2015,' Claudia Valdez,...
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Historical Highs Set For A Multiyear Decline

It's Friday desk clearing time for this blogger. "According to the Reno/Sparks Association of Realtors Market Report from October, the economic forecast at the residential level is strong for Nevada. 'From where I stand, we have been recovering now since 2012.' said Joe Salcedo of Sparks Real...
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Bumping Up Against An Affordability Problem

The Orlando Sentinel reports from Florida. "In November, the core Orlando market had a 5.4-month supply, according to Orlando Regional Realtors Association. In spring 2013, the area had half the inventory that's now offered for sale. The supply of houses on the market in Orange and Seminole...
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Incentives And Price Reductions On Speculative Homes

A report from Investors Business Daily. "KB Home shares saw a huge reversal on the stock market Tuesday — and led a decline in the homebuilding industry group — after its CEO warned about a long-term trend that could negatively impact earnings. During KB Home's earnings conference call, CEO Jeffrey...
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A Non-Stop Parade Of Asset Price Bubbles

A report from Barron's. "Asia last week witnessed two high-profile examples of what could be a disturbing trend in its credit markets: strategic defaults. Fund managers told reporters at the Wall Street Journal that Shenzhen-based property developer Kaisa Group Holdings appeared to have missed a...
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The Scenario Is About To Change

A report from CBS Money Watch. "Further proof that there's no such thing as a free lunch, at least in the globalized oil and gas market -- as big and small oil producers, as well as some related industries, feel the financial pinch that comes from lower crude oil prices. In Colorado, which has...
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Greed Is No Accident

It's Friday desk clearing time for this blogger. "President Obama bragged Thursday it was 'no accident' that the housing market rebounded under his administration, saying his economic policies helped usher in a construction boom and the lowest foreclosure rate since 2006. The president used the...
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