The Housing Bubble Blog

A report from Mansion Global on New York. "Manhattan’s luxury housing market weathered another frigid week, with only 12 contracts signed for homes priced at $4 million or more in the seven days through Sunday. It was the lowest activity during the third week of January since 2012, when...

A report from the Daily Telegraph on Australia. "Property values in Sydney’s inner west, Parramatta and other isolated city pockets have been diminishing by roughly the price of a smashed avo breakfast every hour. Newly published figures showed median house prices in parts of these areas dropped by...

A report from Attom Data. "ATTOM’s year-end foreclosure report provides a unique count of properties with a foreclosure filing during the year based on publicly recorded and published foreclosure filings. 'Plummeting foreclosure completions combined with consistently falling foreclosure timelines...

A report from Mansion Global on California. "Realtors who spoke with Mansion Global in January reported a slump in sales and a decrease in median home values between Q4 2018 and Q1 2019, which they attributed in large part to the wildfires." "Sonoma County has always been popular with affluent Bay...

A report from the Star Phoenix in Canada. "When he listed his upscale Willowgrove condominium for sale last month, Chuck Edwards knew it might take awhile to sell — and that he would almost certainly lose money when it did. Edwards, an engineer in the mining sector, bought the condo two years ago...

A report from the Los Angeles Times in California. "After nearly seven years of sometimes fevered price hikes, the Southern California housing market has slowed markedly in recent months. A belief that the price slowdown will lead to a price drop could become a self-fulfilling prophecy, experts...

Two reports from Curbed Hampton's in New York. "Former talk show host and television personality Dick Cavett has reduced the price of his iconic oceanfront Montauk property. After the recent price cut, the estate is now listed for $33.95 million. The nearly 20-acre property came on the market in...

It's Friday desk clearing time for this blogger. "Last quarter, the number of homes for sale grew at double-digit rates in all five boroughs for the first time ever. In Manhattan, sales inventory rose 15.4 percent year over year, the fastest annual rate of growth in the fourth quarter since the...

A report from the Tampa Bay Times in Florida. "Builders are offering bigger price cuts for new homes in the Tampa Bay area even though the demand for homes is said to outpace the supply. In the first quarter of last year, prices were reduced on 27 percent of new homes with an average cut of 2.3...

A press release from the California used house salepeople. "California home sales declined for the eighth straight month in December, and a stagnating market for much of the year pushed sales lower in 2018 for the first time in four years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said...

A report from the Wall Street Journal on New York. "Gary Barnett was sitting in his Manhattan office one morning in the fall when his old-fashioned flip phone started to buzz. On the line was a real-estate agent who was marketing the New York developer’s latest condo project known as Central Park...

A Q and A from Willamete Week in Oregon. "How many apartments are under construction and expected to come online in 2019? I see their unoccupied, half-finished bulks everywhere and wonder: Are we about to see a glut and resulting rent reductions all over town? —Scott R." "The answer to your second...

A report from Skift on Vietnam. "Massive hotel and resort construction in Vietnam can easily elicit disbelief, and the ensuing dubiety or distrust. The view from Halong Bay until recently was still pristine. Today it’s a huge building site. The new image of Vietnam rolls through its resort...

A report from Bloomberg. "Home sales in the U.S. slumped in December, while prices inched up slightly, marking the smallest annual increase since the end of the last housing crash in 2012, according to data from brokerage Redfin. Previously hot metropolitan areas are cooling fast. Prices dropped...

An editorial by Aaron Layman in the Denton Record Chronicle in Texas. "Home sales in Denton took a big dive in December. Some Denton-area home sellers have had to do something unusual during the past several months to get offers — lower their asking prices. As you go up the price bands, more...

A report from Bloomberg on Canada. "Canada’s home sales skidded to the lowest level since 2012 last year after dropping for four straight months through December. Nationwide, sales totaled 458,442 for the year, a drop of 11 percent which was the biggest since 2008, the Canadian Real Estate...

A report from GlobeSt on Florida. "Not everyone but a majority would probably agree that Miami’s condo market is full — even a Brickell headquartered company that has long been known for its successful developments here. Key International Co-President Inigo Adrid tells GlobeSt.com: ' The number of...

A report from the Orlando Sentinel in Florida. "Home sales plunged in the Orlando area in December as 2018 finished with fewer sales than the year before, and real estate agents warned that 2019 could be slower as well. 'The market has just sort of softened,' said David Miller, president of the...

A report from Bisnow on California. "The health of San Diego's commercial and residential properties in 2019 probably depends on job creation more than any other economic metric. In the apartment market, construction will continue unabated, except for a few markets that are overbuilt with high-end...

A report from the Wall Street Journal. "More than 200 golf courses closed in 2017 across the country, while only about 15 new ones opened, according to the National Golf Foundation. When a course closes, prices for nearby homes typically fall about 25%, development consultant Blake Plumley said....