A report from CNBC. "Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a 'wild West' mentality among investors. According to Shiller, current home price action is also reminiscent of 2003, two years before the slide began. 'If you go out three or five years, I could imagine they’d [prices] be substantially lower than they are now, and maybe that’s a good thing,' he added. 'Not from the standpoint of a homeowner, but it’s from the standpoint of a prospective homeowner. It’s a good thing. If we have more houses, we’re better off.'"

A reader sent in this transcript from the end of the audio that wasn't printed in the article. "'We naturally look at the Federal Reserve as a source of stabilization, and we have to thank them somewhat for having filled that role for a long time, over a hundred years. But I don’t think that the whole thing is explained by Central Bank policy, there’s something about the sociology of markets that’s happening. Then there’s the question whether they can stabilize it without causing it to crash……uhhhh, that’s hard to do.'"

From CBS News. "Colby Lampman owns Homes of Idaho, a real-estate agency that his mother, Debbie, founded in 1990. According to Zillow, home values in Boise have shot up 32.5% in a year, the biggest increase in the country. 'This market, compared to the other hot markets in the past, is sizzling, burning up, on fire!' Debbie laughed."

"Smaller cities all over America are seeing a similar boom. Thomas Brown in Austin, Texas: 'There was a home that came on the market. It was $460,000. Our client said, 'Hey, here's what we'll do: We'll buy this house, we will buy the seller's next house.' So, they bid in the mid-seven-hundreds on the home, and they offered to buy the seller's next home.' Their offer was accepted."

"Dustin and Brenda Heft used Colby Lampman's agency to find their new home in Boise. Like 20% of all Lampman's clients, they bought their Boise house without ever having seen it in person; they'd had only a video tour. Q: Is there any pushback among the locals to see all the Californians moving in?' 'To your face, no,' Dustin replied. 'But, you know, in conversations and stuff, you'll hear some people that are pretty unhappy. A lot of locals, you know, just can't afford to buy anymore.'"

From KMTV on Idaho. "People from all over Blaine County attended the Occupy Ketchum Town Square event on Saturday. The topic at hand was a lack of affordable workforce housing, as the cost of housing in Blaine County continues to rise, whilst median income simultaneously declines. Blaine County resident John Anderson joked about the income disparity in the area by saying that in Ketchum people either have two or three homes or they have two and three jobs to pay a single rent. He added that people with money buy homes in scenic areas as investment properties or rent them out through Airbnb."

"'I live in a 500 square foot loft. It was sold for $420,000,' Anderson said. 'A 500 square foot loft! I am going to be homeless [on] September 1st. I have no idea where I am going.'"

The Post and Courier in South Carolina. "Condo inventory in the Greenville area isn’t as tight as that for single-family homes, due to the fact that new units regularly come online. As of last week, Robby Brady, an agent with Allen Tate Realtors in Greenville, said there were 64 units listed as either never lived in or to be built, and 38 others being offered for resale. And those numbers may be low; Rob Warfield, an agent with Keller Williams Greenville Upstate said that developers may sometimes list just one unit on the MLS when they’ll eventually have many more coming behind it."

"But that doesn’t mean there’s a glut of condos on the market, either. 'My guess would be the actual active units downtown is higher than 30, but it’s not higher than 50,' Warfield said. 'For the amount of condos down there, it’s a pretty low number.'"

From Miami Community News in Florida. "Local Miami victims of predatory lending practices and their attorneys came together to hold a press conference across the street from a Bank of America in Coral Gables on May 19, 2021. At the event, local homeowners and victims of mortgage fraud shared their stories regarding the illegal foreclosures they have been subjected to, in order to draw additional attention to the looming foreclosure crisis and ongoing fraudulent and unscrupulous practices by major banks that are costing people their homes."

"'I have spent the last ten years of my life defending my home from a fraudulent foreclosure action, paying over $30,000 in legal fees fighting banks over a $51,000 mortgage that my now deceased husband and I took to refinance our home in 2004 with Countrywide,' shared Maria Williams-James, a local victim of mortgage fraud. 'In 2014, the judge dismissed the foreclosure case filed by Bank of America; we thought our nightmare was over, but it was just the beginning. Because of Bank of America’s lousy accounting practices on my mortgage, I’m still fighting to preserve my home. I worked all my life to enjoy my retirement years, but instead, these corporations have taken away my money, my peace, and the stability I deserve––please, I ask you to investigate the fraudulent foreclosures that are still happening in our state.'"

From CTV News in Canada. "A new trend in the Toronto real estate market, in which realtors are listing residential homes in the Greater Toronto Area for only a dollar, has left some buyers with questions. Listings such as 16 Kenrae Rd. and 15 Rebecca St. are examples of the trend, in which realtors opt not to disclose the actual value of the property. Just because a property is listed for a dollar, it certainly doesn’t mean that buyers will pay that much, though."

"Toronto real estate agent Paul Poliszot currently has a property at 15 Rebecca St. listed for one dollar. 'We've had a crazy six months. It's been extremely volatile. Prices have fluctuated and asking prices and listing prices have not been reflective of a property's value for quite a long time,' Poliszot told CTV News."

From Fort McMurray Today in Canada. "Keyano College is hoping someone in the private sector can come up with plans to develop 611 hectares of land it has owned since 2012. Development of the land, which is south of Fort McMurray, halted in 2015 when global oil prices crashed. Dale Mountain, the college’s interim president, said in a Thursday interview that the college will begin in the fall to ask developers to pitch ideas on using the land."

"'We’re looking at what are the possible opportunities for that land… We haven’t ruled out anything,' said Mountain. 'It’s possible it could be retail, it’s possible it could be residential or a mix. I would probably lean more to retail than residential. There’s a bit of a glut right now for residential properties on the market.'"

From News.com.au in Australia. "Thousands of investors are planning to offload apartments in Sydney and Melbourne in the coming months, according to a new survey, as unit values also take a dive in capital cities. The owners of over 2000 units in Melbourne and more than 2200 flats in Sydney intend to list their property, potentially flooding markets that are already grappling with oversupply, a survey conducted by Digital Finance Analytics shows."

"Landlords with rental apartments in Sydney and Melbourne’s central business districts are expected to be a major part of the exodus due to the mortgage repayment holiday ending in March resulting in cash flow issues. This trend is backed up by a recent ME bank survey that showed 23 per cent of investors are wanting to sell their property in the next 12 months, compared with only 11 per cent of owner occupiers."

"So what’s the reason for the mass exodus? Investors are finding it hard to fill apartments, as Australia’s international borders remain slammed shut. It’s creating high vacancy rates and competition, forcing landlords to take reduced rent with drops of up to 30 or 40 per cent, meaning some CBD landlords are struggling to even cover their costs, according to Andrew Wilson, chief economist of Archistar."

"He said the closure of borders had also dampened the travel market meaning thousands of apartments that were used for short term stays like AirBnb had also hit the market, exacerbating the problem. It will mean a drop in prices for units that go up for sale, he added. 'It will be interesting to see if more stress sales will be coming on to the market from investors given high vacancy rates and the end of mortgage rates holiday,' he said."

"Apartments are in oversupply right now, according to Tim Lawless head of research at CoreLogic, with 45,000 units currently being built in NSW and Victoria. 'There is still a lot under construction and it’s yet to settle and complete at time when demand for units is relatively low and to top that off all that new supply is coming into a market that had a shock from a rental perspective with borders closed,' he told news.com.au. 'Inner city apartments aren’t being filled and vacancies are high. Some units are down in rental prices by 15 to 20 per cent in Sydney precincts.'"

"The drops were even higher in Melbourne with a 9.7 per cent annual fall in Moonee Ponds, which now has a median value of $566,000 and Ascot Vale had the same decrease with $570,000 value. Over in Kew, there was an 8.2 per cent drop to a value of $769,0000, while Essendon had a 7.8 per cent fall to a value of $577,000 and Glen Iris saw a drop in 7.2 per cent fall to $731,000 value."

"These Melbourne suburbs have had quite a bit of new apartment stock built and there is more to come and lack appeal to most buyers, explained Wendy Chamberlain, who runs Melbourne-based Chamberlain Property Advocates."

"'Newer apartments in new blocks or larger towers generally tend to have smaller rooms, particularly bedrooms. Some bedrooms don’t even have their own window, just ‘referred light’ and higher owners corporation fees,' she told news.com.au. 'There is also no scarcity, as they can be 'cookie cutter' – your apartment is just the same as a lot of others in the same block. When I speak with real estate agents if I am looking for an apartment for a client, most have a lot of newer apartments available.'"