The Housing Bubble Blog

A report from the Denver Post in Colorado. "Autumn’s chill has come early again to metro Denver’s housing market, with the pace of sales in September down sharply from August and median prices gliding gently lower. Jill Schafer, chair of the DMAR Market Trends Committee said the market last month...

https://www.youtube.com/watch?v=iHSDOJczKjU&feature=youtu.be Miami, Florida

A report from CNBC on New York. "Prices for Manhattan real estate took their biggest plunge since the 2008 financial crisis, according to a new report. Brokers and real estate analysts say there is little sign of a bottom after nearly two years of declines. 'There is a lot of uncertainty in the...

A report from the Wall Street Journal on New York. "Manhattan apartment sales tumbled during the third quarter and prices fell to their lowest level in four years, a Wall Street Journal analysis showed. In the third quarter, the median price fell to just over $1 million, a decline of 25%, to the...

A report from CBC in Canada. "Since the spring, sentiment around real estate has improved. Interest rates have been dropping and prices have adjusted downwards. Those buying in the luxury market in 2017 were often foreign buyers and that market has completely dried up. Many have suggested that...

A report from The Naples News in Florida. "Has it become a buyers' market? Zillow, indeed, has declared it just that, now officially designating both the Collier and Lee County areas as cold markets. As of July, its freshest data, Zillow shows listed Collier real estate lingering on its site for an...

A weekend topic starting with the Wall Street Journal. "We Co. is a New York company that subleases office space, and Juul Labs Inc. is a San Francisco based-seller of vaping products. But the resignations this week of the CEOs running two of the most valuable U.S. startups share common roots: a...

A report from the Houston Chronicle in Texas. "These investors fix and flip, and the faster they sell a home, the lower their holding costs and the greater their profit. That’s the way it’s supposed to work. But two years after Harvey, dozens of investor-bought homes remain vacant, standing in...

A report from Bisnow on California. "New efforts by the Trump administration to penalize California for its housing crisis are misguided and off base, several CRE experts told Bisnow. Experts told Bisnow that while calling the skyrocketing rate of homeless on the streets in San Francisco and Los...

A report from Multi-Housing News. "Rezoning or 'upzoning' of entire neighborhoods is undertaken to, on the one hand, increase the density of housing and, on the other, provide cheaper rental units. Neighborhoods that were occupied strictly by single-family homes and low-rise multifamily dwellings,...

It's Friday desk clearing time for this blogger. "Colorado home prices have sky rocketed, at the same time that wages have stalled. The City of Denver sponsors a program that helps fill that gap called the Metro Down Payment Assistance program. Rachel Palya got $14,000 toward her home in Englewood....

A report from the San Francisco Chronicle in California. "Bay Area home prices slumped for a sixth straight month in August, according to CoreLogic. Prices year-over-year have now been flat or falling for six consecutive months. From last fall into early this year, inventory grew and price cuts...

A report from the Boston Globe in Massachusetts. "The state’s housing market wrapped up the summer the same way it started: Tight and expensive. But there are signs in some parts of the market that things may be topping out. 'We are starting to see more buyers act with less urgency and exercise...

A report from the Globe and Mail in Canada. "Many long-time agents continue to find the unpredictability of the Greater Toronto Area market perplexing. Leslie Battle, a real estate agent with Royal LePage Real Estate Services Ltd., had two listings with two unexpected outcomes in the city’s west...

A report from the Miami Herald. "About two years ago, Janet LeGrand — also known by her maiden name, Janet Garcia — used what Homestead police called a fake engineering firm and a falsified résumé to try to dupe the city into awarding her firm a $33.3 million construction contract. LeGrand was...

A report from Bisnow on Texas. "Real estate investors and developers surveyed for a PwC and Urban Land Institute study still view Dallas-Fort Worth as a Top 10 U.S. real estate investment market even though the region plummeted from the No.1 spot last year to No. 6 on shrinking yields,...

A report from NBC Bay Area in California. "If there's ideal timing when buying a home in the expensive Bay Area, it's now. It's the best week of the year to buy, according to Realtor.com. In the Bay Area, there are nearly 30 percent more homes on the market this week than the average week, giving...

A report from Yahoo Finance. "Homebuilding last month leapt to its highest rate in 12 years, newly released construction data says. But the havoc wrought by last decade’s housing bubble has buyers wondering how to protect themselves if the market goes south. Drew and Jonathan Scott, co-hosts of the...

A report from the Globe and Mail in Canada. "1225 Barclay St., No. 802, Vancouver. Listing price: $1.388-million. Selling price: $1.160-million. Previous selling price: $1,230,000 (2018). The sellers had purchased the condo as a flip, but after completing major renovations, the market softened, and...

A report from the Wall Street Journal. "We Co. Chief Executive Adam Neumann likes to say that office space is for WeWork what books were for Amazon Inc.—just the beginning. He even boasted that his rental-apartment venture WeLive would become bigger than WeWork. In a 2014 presentation to investors,...