A report from Fox 13 News in Florida. "Home values throughout the Tampa Bay area are increasing by the day. Real estate agent Vincent Arcuri says around 90% of homes are selling over the asking price. 'It's at a frenzy like I’ve never seen before in 30 years!' Arcuri told FOX 13 News. Arcuri said it's an 'obscene increase in property values' in a relatively short time period."

"For example, he recently sold a 4-bedroom Carrollwood home for $492,000. However, the buyers decided they liked Sarasota better and never moved in. Four months later, he relisted the house and sold it for $600,000. 'This person made a $100,000 profit in a very short period of time,' Arcuri explained."

"Stories like this lead many people to wonder if the market is going to burst soon. 'We are definitely in a housing bubble and it’s a bubble that is starting to rival the bubble that we had in the early and mid-2000s,' says Christopher Jones, an economist and instructor at the University of South Florida Department of Economics."

"'We are really close to the peak. It’s only a matter of time before you see that rubber band of the market snap back and home prices start to plummet,' Jones said. Arcuri agrees and says we may soon see the market hit the reset button. 'People’s incomes are just not keeping up with the price of real estate increases. In five years, if it continued at this pace, who’s going to be around? Who can afford to buy the homes?' he wondered."

From Community Impact on Texas. "Economist Elliot Eisenberg spoke at The Greater Houston Builders Association’s mid-year economic forecast luncheon, addressing the skyrocketing demand for housing statewide, including the Greater Houston area. 'Demand is insatiable. It’s bigger than it’s ever been. But there's nothing in the inventory existing to sell,' Eisenberg said 'There's infinite demand, and you cannot possibly meet it.'"

"The number of homes that are sold but have yet to be started is at an all-time high, he said. 'So what do you build? All you build are expensive homes,' Eisenberg said. 'There’s nothing cheap being built.' 'We've never had a cohort of people so large that wants to buy a house as the cohort we're about to see,' Eisenberg said. 'But if you look further than that, on the very far left, the problem goes away because no one's having any children.'"

From News 3 in Nevada. "'I'm definitely seeing more inventory coming on the market,; explained Keller Williams Southern Nevada realtor, Cristi Jessee. Jessee has seen firsthand the increase in the number of homes hitting the market this year. Though, she adds, it's going to take more time for the buyer to even the playing field. 'While we are seeing more inventory coming on the market, we're still at a record low,' she said."

"Between January and May 2021, Las Vegas REALTORS is reporting nearly one thousand more homes to market for the month. 'In January it was 2,800 homes (to market), in February we brought 3,017 -- so that was 200 more homes than the previous month. In March we brought 3,500 homes to market, so that already was increasing that number by another 500 properties,' said Las Vegas REALTORS president Aldo Martinez. 'In April we brought 3,600 to market and here we go in May, we brought 3,700 homes to market. So, every month we're bringing more homes to market to be sold, it's just being absorbed.'"

The Four States Homepage on Missouri. "Across the country, the four states included, there are a lot more people looking to buy a house than there are houses for them to chose. But that could chance in a matter of weeks. Drive around any four state neighborhood and you’ll notice a lot fewer homes for sale than normal. The pandemic has had a lot to do with that. It’s lead to a shortage in many of the products that go into building homes. And it’s lead to a moratorium on the sale of homes that were in the foreclosure process."

"Now this isn’t the first time there’s been a moratorium on the sale of repo houses but Richard Calvert III, Realtor, Keller Williams, says it’s definitely the longest lasting in recent years. He says the one put in place after the 2008 housing market crash didn’t last as long. 'The expiration is supposed to be the end of June, it has been extended twice already I believe, but there’s no indication currently of another extension, uh at that stage we’re looking at the possibility of millions of foreclosures across the country,' Says Calvert."

"Which is great news for home buyers. 'Yeah, I mean it’s going to put assets back in a market that is asset starved,' Says Calvert. But not so much for people who got behind on home payments because they lose jobs because of the pandemic, which was the reason the moratorium was enacted in the first place."

From DS News. "On Wednesday, the Five Star Institute presented the 2021 Government Forum: A Virtual Event, bringing together leaders from the mortgage servicing sector and government representatives for a day full of impactful conversation on the industry’s most pressing issues. Among the topics of discussion brought up by Five Star Global Chairman Ed Delgado was that the industry is heading toward a 'Housing Crisis 2.0.'"

"'There are too many similarities to what the industry was going through back in 2008,' said Delgado of the current state of the marketplace. 'This crisis is born not from subprime lending or irresponsible credit, but more from the long-term and last effects of a prolonged forbearance plan.'"

"The Mortgage Bankers Association recently reported that approximately 2.1 million homeowners are in some stage of forbearance, and that, according to Rep. Steve Bartlett, Senior Advisory Board Member for Treliant, is a challenge. 'With the clients we work with at Treliant, the last thing we want to do is foreclose on someone, except in extreme circumstance where someone has abandoned the property,' said Bartlett. 'The last thing an originator or servicer should do is foreclosure because, as we say in Texas, ‘All hell will break loose’ if we start doing that! That’s a different mindset than we have had historically with mortgages, but that’s the mindset we have to go into now.'"

"Closing out the Government Forum was the 'Eye on the Horizon' session where industry leaders discussed key takeaways from the day and presented their outlook for what lies ahead for the housing market. 'During the pandemic, web-based and mobile technologies really helped keep borrowers connected and engaged,' said Maria Fernandez, Senior Associate Director, Office of Housing and Regulatory Policy for the FHFA. 'Quite frankly, it also helped keep mortgage credit flowing.'"

From Staten Island Live in New York. "At the corner of a quiet West Brighton block is a home that has been vacant and mostly unkempt for a decade and, in recent weeks, been attracting illegal squatters. It is what is known as a zombie home -- residences that fall into disrepair after a foreclosure or negligence of a property owner who does not live on-site. The owner of 77 City Blvd. died seven years ago."

"Neighbors tracked down the owner’s next of kin who resides in Florida but was uninterested in taking over possession of the home. Legally, the home now belongs to the mortgage servicer, Carrington Home Solutions, who did not respond to a request for comment for this article. It also did not return a request for comment three years ago when the Advance/SILive.com first highlighted the City Boulevard zombie home."

"'…The house is still unsecure with an entire family having keys and telling the neighbors that they now live there. There is electric and cable in their name,' one neighbor, who requested anonymity for fear of retribution, said. 'This property has been a vacant zombie home for over 10 years. Vermin have lived there for years, the elements have rendered this property unlivable and beginning in 2018, the property was finally secured after many complaints filed by the neighbors to the city and state. Back then we had a similar squatter situation that we were able to deal with. Now, we have it again, however this time, it appears that the house was made unsecure,' the neighbor continued."

"Neighbors are worried – on more than one occasion in recent weeks individuals have gained access to the home and showed what they said are lease papers, despite the home being boarded up and still under contract with the mortgage servicer. 'Our peaceful neighborhood has quickly deteriorated because of lack of care for this property,' one neighbor said."

"Of the 305 homes currently on HPD’s zombie home list, 53 notices were sent to mortgage servicers to inform them of non-compliance. Seven properties were referred to the Law Department for litigation after the mortgage services disregarded maintenance requirements and notices from HPD about legal action. Additionally, HPD sealed six properties that were identified at open/unguarded and the city Department of Sanitation (DSNY) performed six lot clean-ups based on referrals."