The Housing Bubble Blog

A report from Realtor.com. "One of the best things about the Thanksgiving holiday is the incredible shopping opportunities, and this year even homes in some of the most desirable cities in the U.S. are seeing their prices slashed. We found five heavily discounted homes that have had price cuts of...

A report from Business Insider on Florida. "In Ocala, located an hour from the Gulf of Mexico coastline, real-estate agent Emily White worries about how the severity of this year's storm will impact the snowbirds. 'I'm praying the snowbirds come back this year. I need them to come back so I can get...

A weekend topic starting with the Los Angeles Times. "What does a small, solidly Republican city in Oregon have in common with California’s largest liberal enclaves? All breathed a sigh of relief this year thanks to the far-right U.S. Supreme Court. The court’s conservative bloc ruled in favor of...

It's Friday desk clearing time for this blogger. "Harry Macklowe’s $2 billion-plus condo conversion of the former Irving Bank tower at One Wall Street has been a retail gift to Fidi — but its mostly unsold apartments look like a lump of coal for Macklowe. The snail’s-pace sales compelled one...

A report from Curbed. "'I think we will see some big numbers transact again starting around January,' says Michael Rankin, the managing partner of Sotheby’s International Realty in Washington, D.C. Some of this enthusiasm is dampened by Trump’s threats to slash the federal workforce, shrinking the...

A report from the Palm Beach Post in Florida. "It's actually a buyer's market in condo world right now. There was about an eight months’ supply of condos and townhomes available in October. That’s a 90% increase from the same time in 2023. A Breakers Row condo with its own cabana sold for $12.5...

A report from Local 10. "Deadlines are looming for hundreds of thousands of South Florida condominium owners. 'We can’t afford it, we’re gonna go broke,' a local condo owner said. Florida House Speaker Daniel Perez, R-Miami-Dade said there will be no reprieve on the deadline or life-safety...

A report from the Palm Springs Post in California. "The latest Desert Housing Report for October 2024 presents a mixed view of the Palm Springs housing market, reflecting broader regional trends of decreasing home prices and sales, despite a slight improvement in inventory levels. The Coachella...

A report from Fox 4 Now in Florida. "Families on Fort Myers Beach are getting ready for bigger flood insurance bills. The town lost the 25% discount from FEMA that has helped neighbors save money since 1999. FEMA put the town on probation, which means the discount is now gone. 'Insurance is already...

A weekend topic starting with WSB-TV in Georgia. "Felicia Seamon’s home for the holidays is stuck in limbo after the property she rents was foreclosed on. However, she only learned about the foreclosure after paying rent for months and resigning her lease in early October. The family also picked...

It's Friday desk clearing time for this blogger. "Year over year, home sales during a recent four-week period fell faster in five Florida markets than any other across the nation, according to Redfin. Home sales are down 15.2% in Fort Lauderdale, 14% in Miami, 13.8% in West Palm Beach, 9.5% in...

A report from Bloomberg. "Before Donald Trump’s election, Redfin Corp. projected mortgage rates would average 6.1% next year. But three days after the election, they revised their estimate upward to 6.8% – basically unchanged from today’s high levels. 'The difference is Trump,' said Daryl...

A report from Mansion Global. "The tide is starting to turn, and the end of the year is turning into the most buyer-friendly market we’ve seen in a long time. Five years to be exact—before the COVID-19 pandemic turned the real estate market into a wild roller-coaster ride that came to an abrupt...

A report from CBS News in Florida. "Just 16 years after construction, residents at a Brickell condo are grappling with a contentious $21 million special assessment for repairs to their buildings. Some unit owners of the two buildings at 1060 Brickell face individual payments exceeding $40,000....

A report from WCNC in North Carolina. "David Hoffman of Hoffman Realty in Charlotte told WCNC Charlotte he expects to see prices coming down because high supply is pushing down demand. 'I think that if you're looking to move in the next two to three years, I would do something,' he said. "Now if...

A report from the Coeur d’Alene Press in Idaho. "Meet Nick Shriner, who is originally from the scenic landscapes of Wyoming — yes, it’s a real state — and made his way to Coeur d’Alene in 2010. His dedication to the real estate realm was further exemplified when he joined the Coeur d’Alene Regional...

A weeked topic starting with WINK in Florida. "Paul Beattie, owner of Beattie Development cannot build homes anymore. It’s not a permanent situation, but part of a settlement agreement with the state says he’d need to pay $300,000 before he could get a new license. Beattie is accused of taking...

It's Friday desk clearing time for this blogger. "It’s hard to tell which developments might come to life and which might die. The process can begin with so much hope for a new building, subdivision or neighborhood. But hopes can quickly sour as reality hits full-force. Nearly a decade after it was...

A report from Click Orlando in Florida. "With a deadline of Dec. 31 just around the corner, over 150 condo associations along Volusia County’s coast still have not turned in their 'milestone' inspection reports. Many leaders News 6 spoke with think timing and money are the main holdups for...

A report from CNN. "President-elect Donald Trump’s return to the White House already carried the potential for sweeping changes to the Federal Reserve. But now a growing question is not how the central bank will operate under Trump but if it’ll continue to operate at all. Elon Musk, a key Trump...