The Housing Bubble Blog

A report from the Palm Beach Post in Florida. "The Palm Beach County courts will, again, bring in jurors for smaller criminal and civil cases in the coming weeks. Chief Judge Krista Marx said the one area they are concerned about are foreclosures and evictions, which have been building as a federal...

A report from the Herald Tribune in Florida. "It is time to address the elephant in the room – are we in the midst of a housing bubble? While home prices have climbed at an accelerated pace over the recent months, this is driven almost entirely by the economic principle of supply and demand. Prior...

A report from the Daily Mail. "Property sales in New York City plunged 46 percent in 2020 from the prior year's level, costing $1.6 billion in lost city and state tax revenue, according to the Real Estate Board of New York. The steep decline in real estate transactions came as residents fled the...

A weekend topic starting with the Review Journal in Nevada. "Landlord Mario Tafarella is owed more than $30,000 in rent from two of his Las Vegas rental properties in Desert Shores, and it’s money he never will receive. 'Thirty grand — take it out of your bank account. Would it have a financial...

It's Friday desk clearing time for this blogger. "Dwayne 'The Rock' Johnson, is ditching his multimillion-dollar equestrian estate on the outskirts of Atlanta and is poised to take a sizeable loss in the deal. The former wrestler turned actor has put his expansive home on the market for $9.7...

A report from Real Estate Weekly on New York. "The City’s largest organization of landlords of rent-regulated apartments is calling on the city to freeze this year’s property tax assessments. The city’s new tax assessment roll shows the value of Class 1 properties, that’s one-to-three family homes,...

A report from Mansion Global on New York. "Of the 16 contracts signed on homes asking $4 million or more in the week ending Sunday, seven were for trophy homes with eight-digit price tags, according to a luxury market roundup from Olshan Realty. Big price cuts continued to lure in buyers. The...

A report from the Real Deal. "Quarters’ U.S. expansion appears to have ended in bankruptcy. Eight properties and two additional limited liability companies tied to the German co-living firm filed for Chapter 7 bankruptcy on Friday, according to court records. Under Chapter 7 bankruptcy, companies...

A report from the Real Deal on New York. "In February, billionaire Ken Griffin purchased Calvin Klein’s seven-acre Southampton home for $84 million — the year’s most expensive deal in the Hamptons. Now, the mansion next door has been put on the market for an eye-popping $175 million. Critics...

A weekend topic starting with the New Times SLO. "So, where is the state of California headed? Even a casual follower of the news has noticed that a lot of companies are leaving the state, taking the jobs and tax revenues that they provide with them. Employers fleeing California cite...

A weekend topic starting with Bisnow New York. "New York City’s commercial property values are expected to fall substantially this year. A summary of the past year said that the real estate markets 'collapsed' after the coronavirus gripped the city, with the decline in property transfer tax by 50%...

It's Friday desk clearing time for this blogger. "The city’s for sale, but who’s laying down millions and buying in? Michael Nierenberg and his wife bought a three-level Greenwich Village penthouse for less than half the seller’s initial ask of nearly $34 million. Next door to the Hovnanian’s...

A report from the New Orleans Advocate in Louisiana. "The New Orleans metro area has earned an unwelcome financial distinction during the coronavirus pandemic: more homeowners here are at risk of losing their homes due to unpaid mortgages than in any other major American city. More than one-in-ten...

A report from the Real Deal on Florida. "The real estate wing of New York investment firm Axonic Capital paid $37.3 million in a bulk purchase of 170 units of a 310-unit fractured Doral condo complex. As a fractured condo project, only some of the individual units were sold by the initial...

A report from Local News 10 in Florida. "Patricia Guerrero said she is working full time to pay the mortgage of a home that she is supposed to be renting. Instead, she said there are squatters with a fraudulent lease, and the coronavirus pandemic’s eviction moratorium is protecting them. Guerrero...

A report from the Wall Street Journal. "Getting a mortgage for a resort-area condo might become more difficult after Fannie Mae and Freddie Mac moved to tighten rules on buildings with many short-term rentals and hotel-like amenities, some Realtors and bankers say. Fannie Mae last month changed its...

A reader suggested this weekend topic. "Can we have a post dedicated to educating the HBB about alternative social media platforms, censorship, privacy protection, and the use of sites like archive dot is to deny revenue to corporate globalist websites? We are in a rapidly evolving online...

A weekend topic starting with Realtor.com. "You hear these terms thrown around all the time: Second home, investment property, vacation home, rental property. But is there any real difference among them? And does it even matter what you call it? 'Never forget that an investment property is all...

It's Friday desk clearing time for this blogger. "Real estate developer Mohamed Hadid’s Bel-Air mega-mansion is on the market for $8.5 million. Once the property sells, the house will be destroyed with proceeds of the sale funding the demolition, which will take about six months. The unfinished...

A report from Realtor.com on New York. "Nobody wants to buy notorious sex offender Jeffrey Epstein's real estate. The convicted criminal's grand, 28,000-square-foot townhouse in Manhattan's tony Upper East Side has undergone a $23 million price cut. 'In New York, it's not uncommon to see sellers...