A weekend topic starting with the New York Times. "'It’s making me nervous that you’ve got this incipient housing bubble, with anecdotal reports backed up by a lot of the data,' James Bullard, the president of the Federal Reserve Bank…
A report from Politico. "House prices are surging, stocks have continued their stratospheric rise, and banks have more cash than they know what to do with. Yet the Fed is still pumping billions into the economy. Why? That’s what a…
A weekend topic starting with the Journal Record. "Today we dive deeper to better understand the anatomy of a bubble. In Poor Charlie’s Almanack, discussing the need for more reconciliation of psychology and economics, Mr. Charlie Munger cited a study…
A report from Axios on Iowa. "Des Moines residents have spent the last year talking about our frenetic housing market, but there are early signs that some equilibrium is on its way. Zillow now shows a number of houses in…
A weekend topic starting with Better Dwelling. "Canada’s central bank has had researchers quietly studying bubbles overseas. The study, Bubbles, Crashes and Information Contagion In Large-Group Asset Market Experiments, appeared in the June issue of Experimental Economics. The researchers found…
A report from KJZZ in Arizona. "Phoenix construction activity is getting close to levels seen in 2006, just before the housing crash and Great Recession. 'At the conclusion of fiscal year 20-21, planning will have issued approximately 47,000 total construction…
A report from DS News. "An estimated two million homeowners remain in forbearance plans. By stage, 10.7% of total loans in forbearance were in the initial forbearance plan stage, while 83.1% were in a forbearance extension, and the remaining 6.2%…
A report from the Wall Street Journal. "In an interview, Dallas Fed President Robert Kaplan mentioned mortgage purchases, which he believes contributed to rising home prices, 'these purchases have unintended consequences and side effects.' In an interview with CNBC on…
A weekend topic starting with Kyodo News. "Skyrocketing property prices in South Korea are leaving ordinary people struggling to find affordable housing, especially in the capital Seoul and surrounding areas. A survey showed that the price has come close to…
A report from Mansion Global. "Prices have soared as demand significantly outclips supply. But amid all the excitement, more contracts are also falling through, and many prospective buyers are placing offers sight-unseen, only to back out later. 'There is a…