The Housing Bubble Blog

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It's Friday desk clearing time for this blogger. "If you’re interested, even concerned, about the economic outlook for 2015, relax, recommends Sanjay Varshney, El Dorado Hills resident and heavily credentialed economist, academic and financial adviser. With the real estate market cooling off,...

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The Banker & Tradesman reports on Massachusetts. "Foreclosure starts in the Bay State continued to climb in October, posting a 91.5 percent increase year-over-year, according to The Warren Group, publisher of Banker & Tradesman. This marked the eighth consecutive month of year-over-year increases...

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Bloomberg reports on New York. "A single apartment at Manhattan’s One57 was sold in the third quarter, leaving about 25 percent of the ultra-luxury tower’s units without buyers more than three years after they reached the market. The most recent contract was only the third this year at One57, where...

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The Calgary Herald reports from Canada. "Home sales stayed strong in November, rising 3.4 per cent from a year earlier, according to Calgary Real Estate Board data. 'It was a relatively strong month when we look at sales, listings, inventories. But definitely one that’s moderating,' said Ann-Marie...

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A report from AzerNews. "Business is developing so rapidly in Azerbaijan that special agencies after investments in real estate abroad have popped up. Home prices in Istanbul increased more than 24 percent in August from a year earlier, the fastest since 2010, according to Turkey’s Central Bank....

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It's Friday desk clearing time for this blogger. "Kenneth Lewis, who retired as Bank of America Corp.’s CEO after the housing crisis almost toppled the firm, is selling a South Carolina island home for less than it cost 12 years ago. The house is in contract to sell for about $2.5 million, its most...

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For a Thanksgiving respite, I'll point out this blog is nearing its tenth year anniversary. A trio of posts that month in 2004. "Saturday, December 11, 2004" "Subprime Lending Surges" "Pricing bubbles often end in a parabolic rise, which we probably saw last year. It is no surprise that what is...

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The Aurora Sentinel reports from Colorado. "While the housing market across the metro region continues to tighten, homes in Aurora are some of the most affordable in the state, according to a new market report released by Coldwell Banker. Average home prices in Aurora sit just under $297,000, which...

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The Mirror reports from the UK. "Foreign buyers accounted for almost three-quarters of home purchases in central London in 2012, according to a report by one property group, and more than half were snapped up by buyers from Singapore, Hong Kong, China and Malaysia. But many of these high-end homes...