The Housing Bubble Blog

A report from Reuters on China. "The Chinese city of Enshi has moved to stabilize house prices amid a worrying property slump by urging developers to stop drastic price cuts, threatening punishing measures unless such 'wrong behaviors' stopped. Developers have slashed prices at some estate projects...

A report from Realtor.com. "The building boom in housing complexes across the country is extending to universities. Today's college students are living the good life with amenities such as rooftop pools, private theaters, gaming rooms, and even fully wired outdoor terraces with grilling stations...

A report from the Wall Street Journal on New York. "Luxury condos at the Waldorf Astoria hotel are expected to go on sale in the fall, as the historic property’s Chinese owner advances its redevelopment plans despite a market glut and political tensions with the U.S. Beijing-based Anbang Insurance...

Two reports from ABC News in Australia. "Homeowners are holding off selling their properties, with fewer new listings than at any time in the past 12 years. The slowdown is most noticeable in Sydney and Melbourne, where there are 30 per cent fewer properties for sale than there were at the market's...

A report from the Orange County Register in California. "Gina Kirschenheiter of 'The Real Housewives of Orange County' has sold her four-bedroom Coto de Caza home, parting with it for $100,000 less than she and her husband sought when it hit the market a year ago. The 2,208-square-foot,...

A weekend topic starting with the Wall Street Journal. "At Manhattan’s Atelier one afternoon last year, its five-star hospitality service was on full display. A one-night stay went for $400. The Atelier isn’t a luxury hotel. It is a Midtown condominium building where the board president and a small...

A report from the Orange County Register in California. "Just how slow is the housing market? For nine consecutive months through April, CoreLogic housing stats show countywide sales failing to top the year-ago period. That slump has led to a nine-month period with the smallest number of Orange...

A report from WHEC in New York. "A bank filed to foreclose on five Rochester properties owned by developer Bob Morgan, according to paperwork filed with the Monroe County Clerk's Office. The Tompkins Bank of Castile claims a number companies controlled by Morgan defaulted on their mortgage loans...

It's Friday desk clearing time for this blogger. "In Seattle and King County, home prices in May were down substantially from a year ago. The price of the median home in Seattle dropped 5.4 %, to $784,925, compared to May 2018, according to the Northwest Multiple Listing Service. The year-over-year...

A report from the Daily Telegraph in Australia. "Things are finally getting easier for Sydney’s long frustrated home seekers. The median price of a Sydney home has dropped close to 15 per cent since the market peaked in July 2017 and is now about $808,000. That price is 8.5 times the average...

A report from the Orlando Sentinel in Florida. "For the first time since 2012, home prices are falling in metro Orlando, new data and real estate experts say. After seven years of month-over-month increases, the median price of a Central Florida home dropped in May, according to Zillow. It ends an...

A report from the Jax Daily Record in Florida. "'While affordability concerns remain, there is no sign of a housing bubble,' said Toby Hoff, regional director of the Metrostudy in presentation to the Northeast Florida Builders Association. 'As things get more expensive, buyers are paying more and...

A report from the Globe and Mail in Canada. "Housing sales have slid to a 19-year low in Greater Vancouver as listings languish and prices fall to levels last seen in mid-2017. The residential benchmark price, an industry representation of the typical home sold in Greater Vancouver, has declined...

A report form the Orange County Register in California. "April was the second straight month L.A. County house prices failed to beat inflation. Orange County price gains have been below the inflation rate since November. Orange County house prices were just 1% above year-ago levels in April, while...

A report from Bloomberg on New York. "Manhattan’s would-be buyers are weighing potential purchases cautiously these days, refusing to overpay for homes and causing years of rapid price increases to come to a halt. They’re also tax-sensitive, thanks to new rules that limit how much of their property...

A report from the Tennessean. "Unsustainable home-price growth and an inventory surplus helped move Nashville into the top 10 markets for home buyers in the United States, according to a new report that provides further evidence of cooling demand in the area. Realtor.com, ranks Nashville ninth...

A report from Mansion Global. "Home buyers in Los Angeles County, once one of the nation’s most competitive housing markets, are now gaining the upper hand. The city ranked No. 6 in the nation for top buyer’s markets in the U.S., according to new data analysis from realtor.com. Los Angeles, along...

A report from the Australian Financial Review. "A group of 25 apartments in the Sydney suburb of Hurstville has hit the market following the collapse of its private developer GR Capital as the apartment market slowdown continues to claim casualties. In an all too familiar trend, receivers and...

A report from The Times of London in the UK. "A week before the collapse of Lendy, the chief executive of Barclays business banking gave a warning of what might be in store for peer-to-peer lending. Platforms linking ordinary investors and business borrowers were exposing people to poor-quality...

A report from Westword in Colorado. "Fortunately, the real estate game in Denver has moderated in recent months, giving first-timers their best chance in years to find the abode of their dreams. But how do novices get started? And what are the key things they need to know? We reached out to...