The Housing Bubble Blog

A report from the Dallas Business Journal in Texas. "Today, we’re focusing solely on areas in DFW where homes sold for an average of $1 million or more in the third quarter. In the million-and-up category in DFW, the second hottest ZIP code in Q3 was 75205, which is the primary ZIP for both...

A report from the Wall Street Journal. "It is getting more costly to be in a homeowner’s association or condo. Dues are rising faster than inflation for many of the roughly 76 million residents of communities that keep shared pots to pay for expenses. 'Buyers are spending much of their monthly...

A report from WGME. "Several towns across Maine are considering rent control policies, and some are looking to Portland's experience for insight. Portland landlords say the policy puts them under financial strain. Andrew Doukas, who owns a three-unit building in the city, says he’s kept his...

A report from the Tampa Bay Times. "Condo and townhome listings are up 65% year over year and sales are down 20%, according to statewide data from Florida Realtors. The median sales price has dropped more than 3%. The outlook is bleaker in places like Tampa Bay and Miami, where there’s a higher...

It's Friday desk clearing time for this blogger. "Brian Glendenning, a Realtor with Edina Realty, says even for those move-up buyers who are having success, sometimes they find themselves in unexpected predicaments. Maybe they have the money for their new larger house payment, but other necessities...

A report from the Telegraph. "The message from American voters is clear: four years under Joe Biden and Kamala Harris have made them feel poorer, not richer. The backlash from voters against Biden and Harris’s record stands in stark contrast to how their credentials are portrayed among economists....

A report from KPNX in Arizona. "Halpern Residential Founder, Trevor Halpern, said in Phoenix, the local market is not experiencing the traditional presidential election real estate decline. Halpern said sellers need to price and prepare their homes correctly to attract buyers. And in the Phoenix...

A report from Realtor.com. "The pandemic sent the real estate market into overdrive before higher mortgage rates caused a virtual standstill. But now, the number of homes for sale is the highest since 2019, including in pandemic 'boomtowns.' The total number of homes for sale in October was 29.2%...

A report from the Sopris Sun in Colorado. "In the Sept. 26 Forbes article, 'Cities where home values have grown the most over the last 20 years,' Carbondale ranked number one. Notably, Rifle and Glenwood Springs also made the list, ranking 13 and 19, respectively. According to the article, the...

A report from KSBY. "On Friday, at the Central Coast Economic Forecast, Dr. Chris Thornberg, focused on the concept of 'narrative versus reality' and the California economy. The message from Dr. Thornberg to the hundreds of people in attendance — the California economy is perfectly fine. 'Don't...

It's Friday desk clearing time for this blogger. "Nashville real estate broker, Jeff Checko attributed higher inventory to a few main factors. With the holidays coming up, Checko told News 2 that it’s typical for the housing market to slow down. 'If people have to choose between renting and owning...

A report from the Wall Street Journal. "Randy and Robin Landsman had been trying to sell their Manhattan penthouse for over a year when they turned to the auction market this summer. First listed for $12.2 million, their triplex in the sought-after Tribeca neighborhood came with more than 2,000...

A report from Business Observer. "Laws require that all Florida condos more than 30 years old and taller than three stories undergo milestone inspections by Dec. 31, 2024. If we cling to the current infeasible time line and approach, the consequences will be plummeting values for condos, huge...

A report from WPEC. "Florida's condo crisis continues to worry homeowners. Despite the well-intentioned law to inspect and repair condo buildings, it’s become what many call a money pit for condo owners. The deadline for these inspections is Dec. 31, but for condo residents like Darlene VanRiper,...

A report from the Marin Independent Journal. "The median price of a house in Marin edged up to $1.76 million in September, a year-over-year increase of nearly 7%, according to the county assessor's office. The September figure also represented a steep increase from August, when the median price was...

A report from the Baltimore Sun in Maryland. "The housing market landscape in Carroll County is showing signs of improvement after months of low sales, shrinking inventory and climbing prices. Housing sales are up, and prices are down when compared to the same time last year. The average sale price...

A weekend topic starting with the Associated Press. "If Donald Trump wins the presidential election, Republicans hope he will fulfill a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac, which have been under government control since the Great Recession....

It's Friday desk clearing time for this blogger. "What does the future hold for residential real estate, homebuyers and home sellers? Jordan Levine, senior vice president and chief economist for the California Association of Realtors, had several answers to this question. What question do you wish...

A report from Boston.com in Massachusetts. "Temperatures, home prices, and sales did cool in September. The median sales price of $850,000 for a single-family home in Greater Boston last month still broke the record for September (by $50), according to a report the Greater Boston Association of...