The Housing Bubble Blog

A report from Hawaii News Now. "The median sales price for a single-family home on Oahu dropped again in January for a fourth consecutive month thanks to more inventory, new statistics from the Honolulu Board of Realtors show. 'We started 2019 with very healthy increases in new listings for both...

A report from the Globe and Mail in Canada. "The psychological shift among Vancouver homebuyers threatens to prolong the city’s deep slump, Bank of Montreal warns. 'The market remains in all-out correction mode, and the psychology there is clearly shifting, from ‘FOMO’ to 'FO getting stabbed by a...

A report from the Detroit Free Press. "The big tax question of the year: Will you get a super-sized refund or suddenly discover that you're going to end up writing one monster check? Taxpayers are getting their first look at how the new tax overhaul hits their pocketbooks when they file their 2018...

A report from the Denver Post on Colorado. "Home sellers in metro Denver came out ready to play ball in a big way in January, but buyers didn’t show up to meet them in equal numbers. The number of single-family home and condos sold in January fell 30.8 percent from December’s volume and is down...

A report from the Globe and Mail in Canada. "Call it Exhibit A for the state of Vancouver’s slumping market for detached houses. In a gauge for rundown properties, a buyer paid $1,980,000 last month for a three-bedroom teardown in the city’s Point Grey neighbourhood, nearly three years after the...

A report from Housing Wire. "Although several housing markets were impacted by January’s slow growth in home sales, new data from Redfin indicates the West Coast is especially feeling the slowdown. Homes in San Jose’s metro took an average of 45 days to sell for the four-week period ending Jan. 27,...

A report from the Houston Chronicle in Texas. "While most of the nation saw home foreclosures decrease, Texas saw a spike in bank-owned properties. The lingering effects of Hurricane Harvey are partly to blame, ATTOM Data Solutions explained. 'Some of that distress was driven by natural disasters,...

A report from The Province in Canada. "Vancouver’s once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years. The Real Estate Board of Greater Vancouver says 1,103 homes were sold in Metro Vancouver last month, down...

A report from Inside Indiana Business. "After a record-setting 2018, what does 2019 hold for the Indiana housing market? F.C. Tucker Co. Chief Executive Officer Jim Litten says it can be another banner year for housing. Litten cautioned that tight inventories, which led to rising prices and bidding...

A report from News.com.au on Australia. "When Andy Neverly put his life savings into unit 2208 in Sydney’s Opal Tower, he thought he’d snapped up a 'dream home.' But that dream turned into a nightmare on Christmas Eve when residents of the newly-built, 36-storey building were forced to evacuate due...

A report from the Wall Street Journal. "After a banner year, many small businesses are becoming more cautious about their investment and hiring plans. In parts of the country, real-estate markets seem less robust. Latitude 38 Housing Services, which provides housing to students, technology workers...

A report from Mansion Global. "With a slowdown anticipated for luxury real estate markets in 2019, it’s possible that home flipping, too, could begin to taper off. ' Buyers and sellers are adjusting their expectations,' said Javier Vivas, director of economic research at Move.com . 'We’re already...

A report from 9 News in Australia. "The Opal Tower in Sydney was sold as luxury living, the best money could buy. Potential buyers understandably believed that with the backing of the State Government they had nothing to fear. Just four months after The Opal Tower’s doors opened, a loud cracking...

A weekend topic starting with KSL in Utah. "Jim Wood, Ivory-Boyer Senior Fellow at the Kem C. Gardner Policy Institute, said housing prices in Salt Lake County have climbed 80 percent since 2005. 'That (housing price increase) includes a period in which we had 16 continuous quarters of decline in...

A report from WSMV in Tennessee. "A shift in the Nashville housing market is leveling the playing field for buyers and sellers. Zillow finds the number of homes selling above asking price in Nashville dropped more than any of the 50 largest markets in the country. 'Nine months ago you could have...

It's Friday desk clearing time for this blogger. "Nearly a quarter of Denver-area residents looking for a home on Redfin are conducting their searches outside the metro area. That probably would be just another number, except that metro Denver’s housing market corrected sharply in the second half...

A report from News.com.au in Australia. "Experts have been left stunned after Aussie house prices plunged at 'the fastest rate of decline ever seen.' And there’s more pain to come. 'If you had asked me in September last year I probably would have been surprised to see Sydney and Melbourne values...

A report from the Bay Area Newsgroup on California. "The seven-year fever driving up Bay Area home prices may finally be breaking. The number of home sales plunged 20 percent from the previous December, and marked the slowest holiday month in 11 years, according to CoreLogic. 'Last month, the San...

A report from the Post and Courier on South Carolina. "Home sales plunged across the Charleston region in December. Residential transactions plummeted 17 percent last month with 1,287 homes changing hands. 'It wasn’t a bad year, considering 2017 was a record,' said Wil Riley, CEO of Charleston...

A report from the Union Tribune in California. "San Diego County’s median home price ended the year at $550,000, one of its lowest points of 2018, CoreLogic reported. The median price for a resale home was $595,000, dipping from the all-time high reached in June and July of $630,000. 'The market...