It's Friday desk clearing time for this blogger. "A Realtor economist said Friday, Nov. 2, not to believe those 'scary headlines' about 'plunging' home sales and stock prices. Pushing back against claims of a housing market bubble, Lawrence Yun, chief…
A report from the Detroit Free Press in Michigan. "Remember that too-hot-to-handle housing market in metro Detroit? The one where a nice, well-priced home in Ferndale could get three offers on the table in one day? Well, we're starting to…
Some housing bubble news from Wall Street and Washington, MarketWatch. "Sales of newly-constructed homes swooned to the lowest since December 2016. September’s selling pace of 553,000 was 5.5% lower than in August, and 13.2% lower than a year ago. Sales…
A report from Mansion Global on New York. "Another week of lackluster dealmaking in Manhattan’s luxury market halted what was becoming a stronger October. Charts from UrbanDigs show real estate deals sunk in September to the lowest level in at…
A report from the Mercury News in California. "There’s new hope on the horizon for harried renters struggling to afford the Bay Area’s astronomical prices — rents have started falling. Median rents dropped in September and August compared to the…
A report from Bisnow. "Experts have been estimating the likelihood of a commercial real estate bubble for years now. As recently as a year ago, experts in sectors like multifamily denied that bubble-like conditions existed, or at least downplayed the…
A report from Bloomberg. "Despite a robust U.S. economy, at least as measured by gross domestic product, real home price growth is locked in a cyclical downturn. If that's not bad enough, it will likely get worse based on the…
A report from NBC DFW 5 in Texas. "This December marks ten years since the housing market crash. And now, mortgage fraud is ticking up nationally making some in the housing industry worry we could be heading in the wrong…
A report from the Dallas Morning News in Texas. "North Texas home sales dropped in September by the largest percentage in more than seven years. Preowned home sales in the area fell by 7 percent from September 2017. That was…
A report from Realtor.com. "The number of new listings on realtor.com® in September shot up 8% year over year, according to a recent report from realtor.com. That's the biggest jump since 2013. 'It's a key inflection point,' says Chief Economist…