The Housing Bubble Blog

A report from the Wall Street Journal on Connecticut. "After four years on the market, and three price cuts, a stately Colonial-style home on Greenwich, Conn.’s tony Round Hill Road is being sold in a way that was once unthinkable in one of the country’s most affluent communities: It is getting...

A report from the Idaho Statesman. "The median house price in Ada County jumped $10,000 from February to March to $335,000, the Intermountain Multiple Listing Service reports. That’s the highest median price since a record $334,400 last August. 'You’d better hit the saddle and tighten up your seat...

A report from the Australian Financial Review. "Weekend property sales were boosted as sellers in inner Sydney and Melbourne cut prices by up to 20 per cent to seal deals in sluggish markets. 'Cheap as chips,' said Emma Bloom, buyer's agent and director of Morrell and Koren, which specialise on...

A report from the Bakersfield Californian. "The average, per-unit sales price of multi-family housing properties in akersfield climbed last year to a whopping 17.8 percent year over year. That's 'pretty staggering,' said real estate agent Mark A. Thurston, senior vice president of ASU Commercial....

A weekend topic starting with the Globe and Mail in Canada. "One out of every 10 condos built between 2016 and 2017 in the city of Toronto is owned by a non-resident of Canada. And nearly 9 per cent of recently built condos from 2006 to 2017 in the city have had at least one non-resident owner on...

A report from the South Florida Business Journal. "New foreclosure lawsuits increased by double digits in South Florida during the first quarter, according to Attom Data Solutions. The company found 2,860 foreclosure lawsuits started in the tri-county area, up from 2,444 in the fourth quarter and...

It's Friday desk clearing time for this blogger. "Several units at the high-end The Lauren Residences condominiums have been sold in a foreclosure auction and the developers of the Bethesda property are facing a pair of separate lawsuits claiming they misrepresented the quality of the units and...

A report from the Australian Financial Review. "Developers are offering financial advisers and mortgage brokers 'massive' commissions of nearly 9 per cent to sell completed apartments, or about $70,000 for an $800,000 apartment. That’s a 30 per cent increase commission on the highest rates paid...

A report from WCMH in Ohio. "The Columbus real estate market is booming. Just as fast as a homeowner can put a for sale sign in their front yard, it is now quickly replaced with a sign that reads sold. 'We got 8 offers all over list price,' homeowner, Kelly Gunther said. 'It’s definitely crazy in...

A report from the Dallas Morning News in Texas. "Homebuilders eased back on Dallas-Fort Worth construction in the early months of 2019. North Texas builders started 8,439 homes in the first quarter, down 4.4% from a year ago. It was the second quarter in a row that year-over-year home starts in the...

A report from the Knoxville News Sentinel in Tennessee. "Knoxville is awaiting an increase in multifamily developments. There are more than 1,100 units under construction and scheduled to be completed in the next 24 months. 'When a market gets hot and investors start realizing it and they start to...

A report from the Globe and Mail on Canada. "Market reports about the Greater Toronto real estate market often focus on whether buyers are on the sidelines or if sellers are biding their time as the region grinds through a generally slow period. Rarely does anyone mention the financial trouble that...

A report from Bisnow on New York. "There has been a slew of bad news for the New York City residential market in recent years, particularly at the high end. Now developers, brokers and landlords are looking for new ways to stay profitable. A flood of product of pricey new rental and condos hitting...

A report from Mission Local in California. "In recent weeks, Mission residents have been receiving curious missives in their mailboxes inquiring whether they’d be game to monetize their kitchens and living rooms by having strangers drop in and start doing office work. As if to clear up any...

A report from the Review Journal in Nevada. "The Greater Las Vegas Association of Realtors said in a new report that 2,621 single-family homes sold in March, up 33.3 percent from February but down 16.8 percent from March 2018. Just a month ago, GLVAR President Janet Carpenter, said there are 'signs...

A report from Nasdaq. "The struggle to lure renters is feared to continue into the near term as supply volumes are likely to remain aggressive. In fact, per the study by RealPage, in the past six months, demand could not keep up with new product deliveries that aggregated 127,121 market-rate units...

A report from the Daily Telegraph in Australia. "It’s 2014 all over again — just without the ice bucket challenge. House hunters in multiple areas across Sydney have been purchasing homes at or close to prices last recorded five years ago as sellers continue to slash their asking prices to counter...

A report from Reporter Newspapers on Georgia. "The white-hot housing market in Buckhead and top end Perimeter neighborhoods may be hitting its peak as prices rise above salaries, two experienced local real estate agents say. Kelly Marsh of Brookhaven’s Keller Williams Realty says the housing market...

A report from the New York Times. "One Saturday in March, in the suburbs north of Sydney, around three dozen people gathered on a lawn outside a smallish two-bedroom apartment. On this muggy day, almost all of the assembled crowd turned out to be gawkers. Finally a young couple whose agent lobbed...

A report from the Daily Republic in California. "The Solano County home market continues to be challenged by the lack of inventory – creating a sellers market that the president of the Northern Solano County Association of Realtors said has some interesting twists. Patty Hopkins, president of the...