The Housing Bubble Blog

A report from the Wall Street Journal on New York. "Kushner, the company once led by President Donald Trump’s son-in-law Jared Kushner, is dramatically lowering the price of the last remaining apartment at its Puck Penthouses condo project in New York. The company plans to relist the sprawling...

Two reports from the Orange County Register in California. "There might be some good news for Californians stretching to buy a home. The statewide median home price declined to $538,690 in January. The statewide median price was down 3.4 percent from $557,600 in December and up 2.1 percent in...

A report from the Las Vegas Sun in Nevada. "The latest monthly update from the Greater Las Vegas Association of Realtors , showed the Valley had more than 7,000 listings without an offer. If you go back to last fall, low inventory was affecting the market quite a bit,' said association president...

A report from Arlington Now in Virginia. "We’re seeing some significantly discounted homes for this week’s edition of Just Reduced, including a couple options reduced more than $100,000. It looks like some homeowners are starting their spring cleaning a bit early and are looking to sell quickly." A...

A report from News.com.au on Australia. "Australia could be the 'first domino to fall' in a global economic crisis for the first time in its 200-year history, according to economist John Adams, Digital Finance Analytics founder Martin North and Irish financial adviser Eddie Hobbs, who argue...

A report from Market Watch. "A new class-action lawsuit takes aim at real estate agents and the tools they use to do business. The suit was filed in Chicago on behalf of anyone who sold a home through one of 20 of the largest listing services in the country over the past five years. It charges that...

A report from Forbes. "In the last year, national home prices have jumped just 0.6%, according to the Housing Market Tracker from Redfin. Just one year ago, annual home price gains were nearing 10%. Add in that housing inventory is on the rise. The conditions are even more favorable for coastal...

A report from Kieth Jurow. "The 2004-07 bubble era in U.S. housing markets was a time of utter madness. Much has been written about it, but almost nothing has been said about the craziest aspect of it – the cash-out re-financing lunacy. The second method was for the owner to refinance a second lien...

A report from the Union Tribune in California. "San Diego County had the second-most home price reductions in the nation so far in 2019, said Trulia. San Diego County hasn’t seen as many cutbacks since 2014 when the market was still crawling out of the recession. Twenty percent of homes for sale in...

A report from the Sydney Morning Herald in Australia. "Every day there are Melbourne and Sydney property owners who put houses and units up for sale in the hope they can quickly find a buyer and the dream of the new owner offering a high price. But in a sign of the downturn in both markets, more...

A weekend topic starting with National Real Estate Inventor. "The average cap rate in the multifamily sector remained flat at 5.4 percent in the fourth quarter, after falling in previous quarters, according to Barbara Byrne Denham, a senior economist at research firm Reis Inc. When looking at the...

A report from the Press Democrat in California. "Sonoma County’s housing market started the year the way it finished 2018 — in decline as buyers remain content to sit tight as sellers reduce home prices. In February, 227 single-family homes were sold in the county, a 15 percent drop from the same...

A report from the Naples News in Florida. "The year is off to a good start for homebuyers. Visitors looking to purchase a home in the Naples area during January were pleasantly surprised with their options as inventory levels increased 7 percent to 8,154 homes for sale in January 2019 from 7,605...

A weekend topic starting with the Miami Herald in Florida. "Most real estate developers will cite scarcity of land as one of the biggest hurdles to building affordable housing around Miami-Dade County. But according to a new GIS mapping tool unveiled this week by the University of Miami, there are...

It's Friday desk clearing time for this blogger. "Realtor Kim Trouten said the Charlotte market is starting to shift. Buyers are getting more picky, especially with higher interest rates, and sellers have had to change their expectations, Trouten said. 'They’ve been able to put a price tag on it...

A report from CNBC on California. "'The housing markets are softening in California, and it’s not just the tony neighborhoods of San Francisco, Silicon Valley and West LA,' said Jerry Nickelsburg, an adjunct professor at UCLA and director of the Anderson School of Management’s forecast. 'This is a...

A report from Michigan Live. "When Carl Calfin bought Geddes Hill Apartments in 1989, rent for a four-person unit was $895. Today, that unit goes for $2,600. Luxury high-rises have dramatically changed Ann Arbor’s student housing market in recent years, he said. He thinks that segment of the market...

Two reports from CBC News in Canada. "'Long gone are the days of speculative selling where you could put your house on the market at a price and if somebody falls in love, they'll pay it,' said Jason Yochim, CEO of the Saskatoon Region Association of Realtors." "Analysts say a number of people who...

A report from Curbed on Texas. "Candy Evans, a Dallas real estate writer who runs a local site called CandysDirt.com, says the naysayers, including the author of a recent Wall Street Journal piece identifying Dallas real estate as a 'canary in the coal mine,' are overtly negative. 'The north part...

A report from Wink News in Florida. "A few high rises overlook the Caloosahatchee. But lots bought for condominium have been sitting vacant for years. 'Build it and then if its gonna sit there vacant because they can’t occupy because no one can afford,' Ed Tucker said, 'that’s stupid to me.'"...