The Housing Bubble Blog

A report from Stuff New Zealand. "Property prices in some parts of Auckland have fallen by more than a quarter, year-on-year. Mt Albert had the biggest price fall, from a median $1.170 million last year to $805,250 this year - a drop of 31.2 per cent. Royal Oak had the next biggest drop, from...

A report from Market Watch. "Sales of newly-constructed homes finally gained momentum after months in the doldrums. One thing that helped boost sales: lower prices. The median price of a home sold in March was $302,700, 9.7% lower than the same period a year ago. At the current pace of sales, it...

A report from the Wall Street Journal on California. "Chinese companies have been pulling back on their real-estate investments from New York to London to San Francisco. A host of Chinese firms that bought significant development sites or projects in downtown Los Angeles say they are sticking...

A report from the Reno Gazette Journal in Nevada. "The last time Reno-Sparks saw a year-over-year dip in median house price, Benedict XVI was still pope and Apple was the most valuable company in the world. This makes the beginning of 2019 notable as the greater Reno-Sparks area saw its first...

A report from Realtor.com. "For more than a decade, short-term home rental websites such as Airbnb, HomeAway, and VRBO have helped everyday Americans squeeze some serious cash out of their homes. Easy-peasy! But those carefree good times may be coming to an end. Tensions between unregulated rentals...

A report from CNBC. "Sales of existing homes were weaker than expected in March. But behind the headline numbers, an even more disconcerting dynamic is playing out. Both the high end and the low end of the market are struggling due to completely different factors." "Sales of the lowest priced...

A report from the Orlando Sentinel in Florida. "Home foreclosures in Orlando grew by 60 percent in the first quarter compared with the year before, even as foreclosures nationwide are falling. Lenders foreclosed on 2,049 homes in the first three months of 2019 in Orange, Seminole, Osceola and Lake...

Titled "Tailor Built Homes Site Visit 1.9.19" https://www.youtube.com/watch?v=vQwk3QEvUWs&t=38s

A report from My Folsom in California. "The Folsom Housing market started out the first quarter of 2019 with a somewhat-expected whimper. We typically see a dip in prices too, and the average price per square foot was down to $259, the lowest since May of last year. First quarter closed sales...

A report from the Globe and Mail in Canada. "Here’s how Royal Bank of Canada senior economist Robert Hogue sees things: 'If it wasn’t already apparent, March data provided clear evidence that some of Canada’s largest western markets are in a pretty deep slump,' Mr. Hogue said. 'Home resales...

A report from the Wall Street Journal. "A gauge of U.S. home building and approvals for new projects declined in March, continuing a recent weak stretch for new housing construction. Single-family building has held near the highest levels since before the most recent recession, while multifamily...

It's Friday desk clearing time for this blogger. "'About 15 years ago – this is before the housing bubble burst – we had a similar situation where affordable housing was an issue,' said Marty Olejniczak, community development director for the City of Sturgeon Bay." "They're not calling it a buyer's...

A report from the Dallas Morning News in Texas. "Is Dallas-Fort Worth becoming a buyers' market? With more properties on the market and sales beginning to slow, things are starting to change. Half of the country's largest housing markets — including D-FW — are shifting, according to a new study by...

A report from the New York Daily News. "A social media spat and an Airbnb-friendly bill being considered in the state capital brought renewed attention to the big bucks the home-sharing site dropped on an upstate Senate race. Critics from across the political spectrum are raising questions about...

A report from the Daily Mail on Canada. "Flashbacks to college homes often bring up memories of tiny dorm rooms filled with bunk beds and cramped apartments falling apart at the seams. But many Vancouver college students are currently living in mansions for less than $1,000 a month thanks to the...

A report from the Orange County Register in California. "House prices fell last month in Los Angeles, Orange and San Diego counties and in half of all counties included in the California Association of Realtors’ latest housing report. It’s the first year-over-year price drop for Los Angeles and San...

A report from the Globe and Mail in Canada. "Satnam Sidhu has been a realtor for almost 40 years and he’s been buying and selling foreclosed houses for the past couple of decades. 'I have never seen more foreclosures on the market than I have in the last six or eight months, especially in areas...

A report from Huffington Post on Canada. "Vancouver's epic housing meltdown has made news around the world, and with sales down by 31.6 per cent over the past year, people listing their homes are turning motivated. After years of what can only be described as a ludicrously strong seller's market,...

A report from Bowery Boogie on New York. "For many on the Lower East Side waterfront, Extell’s purported woes are a lesson in schadenfreude. Especially given the years of construction hell endured by those in the vicinity. No sooner do move-ins happen at Extell’s One Manhattan Square than residents...

A report from the Greater Baton Rouge Business Report. "If you’ve noticed all the recent construction south of LSU and thought to yourself that the student housing market has got to be overbuilt, your instincts are spot on. Vacancy rates for the 17 'class A,' or newer, student housing complexes...