The Housing Bubble Blog

A report from the Emeryville Eye in California. "A recent SF Chronicle report provided some concerning data regarding Emeryville home values. According to the report, Emeryville is one of only two cities in the Bay Area that has seen a decline in home values since the 2020 pandemic. While San...

A report from Fox Business. "Mary Tyler Moore’s eight-figure home in Greenwich, Connecticut is still looking for a buyer. The asking price for the late actress’s 13,800-square-foot mansion currently stands at $16.9 million, its listing with Joseph Barbieri of Sotheby's International Realty showed...

A report from Sarasota Magazine in Florida. "The Sarasota and Manatee real estate markets are recalibrating as 2024 draws to a close, with cooling sales, dropping prices and more inventory. It’s a complete shift from the pandemic-fueled frenzy of recent past. The median price for a single-family...

It's Friday desk clearing time for this blogger. "Despite increasing in November and October, existing home sales are still running below last year’s pace, when they sank to a nearly 30-year low. 'Looks like we won’t match last year in terms of the annual total, so it will be the lowest home sales...

A report from Boston 25. "Low inventory, high interest rates, and discouraged buyers: These have not been banner times for Massachusetts real estate brokers. But to suddenly close up shop? That is almost unheard of. 'This is the first time in my 25-plus years that I can remember a property firm...

A report from Business Insider. "Nowadays, the Zestimate is arguably the most popular — and polarizing — number in real estate. Many industry insiders, however, regard the number as a starting point at best and dangerously misguided at worst. Real-estate agents recount arguments with sellers who...

A report from Verde News in Arizona. "A lawsuit against the Town of Clarkdale officially came to an end this month after the town council agreed to a settlement. Kathi Raley, who had taken out a $280,000 loan to have a home built on Ashley View Drive nearly five years ago, filed her suit in 2021....

A report from the Los Angeles Times. "The Southern California housing market is downshifting. 'There is really no urgency from buyers,' said Mark Schlosser, a Compass agent in the Los Angeles area. 'They are waiting.' In the last year, asking rents for apartments in many parts of Southern...

A report from CNBC. "Robert Giametta, 33, and Christopher Luquer, 31, were living in a two-bedroom apartment in Kingston, New York, and paying $850 a month in rent when the covid-19 pandemic struck. Interest rates were low and 'I thought if we don't buy a house now then we probably won't be able to...

A weekend topic starting with the Dallas Business Journal in Texas. "Collin County's 75454 ZIP code is one of the hottest housing markets in the Dallas-Fort Worth metro. It's a bit of a surprise. The ZIP code, which is home to more than 16,000 residents, is in the quaint city of Melissa. During the...

It's Friday desk clearing time for this blogger. "It’s been more than four months since residents were forced out of their homes at the Villa Del Sol Condos in Martin County, after an inspection found three of the buildings were unsafe. 'Nobody wants to spend any more money,' said Christine Chico,...

A report from the Miami Herald in Florida. "Nine of the 12 Coconut Grove townhouses built by developer Doug Cox could be sold to a buyer from West Palm Beach who is offering $18.2 million in a cut-rate bulk deal if no one else outbids him. The never-inhabited Coconut Avenue houses, some of which...

A report from WISH TV. "November was a great time for feasting, football, and the central Indiana real estate market. 'November looks very normal, and I know that’s not exciting, but it’s actually kind of fun right now because it’s been a long couple of years. When I say that, I mean that things...

A report from KTLA in California. "An Orange County man involved in a house flipping investment scam that victimized at least five elderly investors and raised more than $17 million has been sentenced to more than 15 years in federal prison, officials announced Monday. Prosecutors say 45-year-old...

A report from CBS Colorado."Shannon Lofland, a 21 year veteran of the Arapahoe County Sheriff's Office, resigned this week in the midst of a department internal investigation into her performing in adult videos, jobs she says she took 'out of desperation.' She said a massive storm in June of 2023...

A report from the American Statesman in Texas. "A Houston firm has made its first purchase in Austin. The acquisition is the retail space in a foreclosed mixed-use condominium project on South First Street. Located at 1600 South First St., Willa was developed by Austin-based StoryBuilt, which built...

A weekend topic starting with USA Today. "Across America, investing a little sweat equity, watching the nest egg grow steadily – is in peril. The housing market is so tight that home sales in 2023 were the lowest in three decades. The federal government plays a key role in helping Americans achieve...

It's Friday desk clearing time for this blogger. "'Buyers in this current end-of-year market are finding gifts on a level rarely offered. Of the homes sold in November, about 50% had at least one price reduction before going under contract, and roughly 60% of the sellers provided concessions to...

A report from Denver 7 in Colorado. "A Nov. 2024 report from the Denver Metro Association of Realtors shows November was a good month to be a buyer in Denver. Of the homes sold, roughly 50% had at least one price reduction before going under contract, and about 60% of sellers provided concessions...

A report from the Tampa Bay Times. "You wouldn’t know it from the broken security gate and weather-worn buildings, but at one time, the Grande Oasis condominium in Carrollwood was 'a garden of Eden,' said resident Etty Segal. 'Not anymore.' Like Adam and Eve, she and about 70 other owners may soon...