The Housing Bubble Blog

A report from Bisnow. "When is the commercial real estate property bubble going to burst? Depending on whom you speak to, a market correction or even a recession is already happening or could occur later this year or next year or 2021 or 2022. No one is quite certain the date. No one is quite...

A report from the Times of San Diego on California. "San Diego home prices fell in November for the fourth consecutive month, according to the authoritative Case-Shiller report. Other West Coast cities, including Los Angeles, Portland, San Francisco and Seattle, also experienced home price declines...

A report from Bakersfield.com in California. "There's been considerable discussion since Trulia, a property listing website owned by Zillow, in November ranked Bakersfield fourth on its list of the top 10 housing markets to watch in 2019. Home appraiser Gary Crabtree has cast doubt on Trulia's...

A report from Bisnow on Washington. "Nationally, economists are almost unanimously expecting and preparing for the next recession. But here in Seattle, we may do a bit better than the rest of the world thanks to the focus on technology jobs, said Urban Renaissance Group CEO Pat Callahan....

A report from the Wall Street Journal. "One of the principal gatekeepers to housing-finance markets is stepping up scrutiny of nonbank mortgage lenders, concerned that some may not have the financial heft needed to overcome stressed conditions." "The increased oversight by the Government National...

A press release from the Florida used house salespeople. "To Realtors®, homeowners and others who ask, 'Are we in another house price bubble?' – the answer is 'No,' according to Dr. Len Kiefer, Freddie Mac deputy chief economist, who spoke to a crowd of more than 400 Realtors at the 2019 Florida...

A report from Mansion Global on New York. "We caught up with Cary Tamarkin, founder and chairman of Tamarkin Co, to discuss the challenges facing the luxury market. MG: What’s the biggest surprise in the luxury real estate market now? CT: Nothing’s selling. No one has a crystal ball, so there’s...

A report from the Australian Financial Review. "After a relentless run of strong price growth across Sydney's property market, prices have fallen 11.4 per cent from the mid-2017 peak according to the latest Domain House Price report. There has been no holiday for painters and decorators who have...

A report from the Los Angeles Daily News in California. "The San Fernando Valley’s real estate market pendulum is swinging toward home buyers, leaving sellers on the other end cautious these days, according to experts. 'Buyers now have way more negotiating power,' said Amanda Etcheverry, the chair...

A weekend topic starting with Asia News. "Here we publish the ground breaking speech that Prof. Xiang Songzuo held on December 16th at the Renmin University School of Economics, during a seminar for entrepreneurs. This speech is now impossible to find in China because the censors erased it from the...

A report from the Sun Sentinel. "In South Florida, there was an increase of more than 57,000 jobs in 2018 than a year earlier. At the same time, unemployment is lower than it has been in over a decade, according to the state’s final monthly unemployment and job creation report for 2018." "'The last...

It's Friday desk clearing time for this blogger. "Andrew Bauer, deputy regional executive for the Richmond Federal Reserve Bank’s Baltimore branch said the weakness of Maryland’s housing market 'astounds' him. We’re not a state like some of the other states in the country where they have a huge...

A report from the San Francisco Business Times in California. "Bay Area home sales plummeted by 22 percent in December, marking the largest year-over-year decline in sales of for any month since at least 2016. 'The early year rush led to quite a bit of (buyer) fatigue,' said Selma Hepp, chief...

A report from the Denver Post in Colorado. "New apartments continue to pour onto the market, pushing down average rents in metro Denver for the second quarter in a row and boosting the vacancy rate a tad, according to the latest Denver Metro Area Apartment Vacancy and Rent survey." "Adjust for...

A report from Boston.com on Massachusetts. "'Buyers are exercising a little more caution and restraint than a year ago,' said James Major, Greater Boston Association of Realtors president. 'The pool of buyers is still large, but after several years of record low inventory, we saw listings begin to...

A report from the Globe and Mail in Canada. "A Toronto-area real estate development company that in recent months has cancelled two condominium projects has filed for court protection from its creditors after failing to make payments on about $220-million in debt obligations. The fate of two more...

A report from CBS News. "Home affordability has been worsening since the real estate market bottomed in 2012. The recovery in home values has easily surpassed gains in typical paychecks. In the Dallas area, just 55 percent of the listings are affordable for median-income families with 10 percent...

A report from the Washington Post. "If you’ve been distracted by the federal shutdown, political dysfunction, stock-market volatility and reports of rising mortgage rates, it wouldn’t be surprising if you concluded: No way is this a good time to even think about buying a house or putting one on the...

A report from Daily Mail Australia. "The bank account of China's youngest female billionaire has taken a hit after she sold her luxury pent house apartment in Sydney for a loss. 'Nancy' Zetian Zhang sold her three-story penthouse overlooking the Sydney Harbour Bridge at The Rocks for $13.5million -...

A report from Easy Reader News on California. "Economist Christopher Thornberg quoted Chapman University economist Joel Kotkin’s finding that California recently became the world’s fifth largest economy. 'But he says all the growth is coming from Silicon Valley. The rest of the state is a hell...