The Housing Bubble Blog

A report from the Seattle Times in Washington. "For years, the dreaded bidding war was a depressing rite of passage for anyone entering the Seattle-area real-estate market.  But with the market turning, those days are gone. The number of buyers out there keeps dropping, while more sellers are...

It's Friday desk clearing time for this blogger. "New data from Realtor.com offers the clearest sign yet that home price relief might finally be on the way for prospective homebuyers on the West Coast. Median listings prices in markets across California, Colorado, Washington, and Oregon saw...

A report from Forbes. "In mid-2015, New York City made headlines for hosting two condominium developments offering, in addition to a variety of ultra-luxurious amenities, the extremely rare bonus feature of on-site parking. The price tag attached to what DNAinfo referred to at the time as the new...

A report from the Seattle Times in Washington. "The cool-down in the King County real-estate market has now reached six months, and the drop in home prices over that span is among the largest on record. King County’s median single-family home price fell to $644,000 in November, all the way down...

A report from Staten Island Live in New York. "After more than three years of a strong seller’s market, Staten Island’s residential real estate is now favoring home buyers, Realtors say. 'Real estate always works in cycles. The seller’s market started to wind down around September from what I saw,...

A report from the South China Morning Post. "Two of China’s top three leading property developers saw their November sales plunge even after cutting prices by nearly a third at some of their projects, as fears of a housing recession grows larger. China’s property market has seen a U-turn in the...

A report from the New York Times on Connecticut. "In late November, there were 206 houses and 17 condominiums on the market in Darien. According to the SmartMLS, the median sale price of a home in 2018, through Nov. 27, was $1.385 million, down from the median sale price of $1.42 million during the...

A report from the Tampa Bay Times in Florida. "Pasco County’s high-growth corridor is attracting more than single-family homes, restaurants and retail outlets. Nine luxury apartment complexes — two already leasing to residents, two that remain under construction and five more that are proposed —...

A report from the Epoch Times in China. "Throughout November, both property prices and transactions have maintained a downward slide in the Chinese cities Beijing, Shanghai, Guangzhou, Shanghai, and Shenzhen. Meanwhile, real estate developers have bought up less land, purchasing just 60 percent of...

A report from MarketWatch. "Shares of Toll Brothers Inc. dropped Tuesday, after the home builder reported fiscal fourth-quarter earnings and revenue that beat expectations but said the housing market slowed further in November, particularly in California. Chief Executive Douglas Yearley said that...

A report from the Sydney Morning Herald in Australia. "It's probably fair to say that Sydney house prices have now officially fallen over the cliff and Melbourne looks to be not too far behind. It has taken almost 18 months for the decline to move into overdrive but we are now getting alarmingly...

A report from the New Orleans Advocate in Louisiana. "After years of rising prices, David Devillier saw his chance to get in on New Orleans’ real estate boom when he bought and restored a nearly 160-year-old Greek Revival double-gallery house a block off St. Charles Avenue. Devillier, who owns a...

A report from Realtor.com. "Is the party really over? Over the last decade, the seemingly unstoppable growth of the American housing market has created a bonanza for sellers, a cutthroat environment for buyers, and an endless source of fascination for just about everyone else. It seemed to be an...

A report from The New Daily in Australia. "The traditional December auction slump seems worse than ever this year, with preliminary results showing a combined capital city clearance rate of just 43.1 per cent – the 10th consecutive week where less than half of homes taken to auction have sold....

A report from the Mercury News in California. "Bay Area home sales ground down in October, with seasonal slowing and further indications that buyers are taking a wait-and-see approach before plunging into a record-setting market. CoreLogic analyst Andrew LePage said price growth has slowed as...

A weekend topic starting with The Guardian in the UK. "Few tears will have been shed at recent reports that flats in London’s Centre Point building, where a one-bed goes for a genuinely surreal £1.8m, aren’t shifting. There is a horribly powerful lure in the idea of just blowing it all up and...

A report from the San Francisco Chronicle in California. "Despite a surge in inventory and price cuts, the median price paid for a Bay Area home in October was $845,000, up 3.7 percent from September and up 9.3 percent from October of last year, CoreLogic said. That’s a healthy increase considering...

It's Friday desk clearing time for this blogger. "Tim Manickam, a broker at JMA Properties, said sales in some parts of Portland and Seattle were down around 20 percent. 'I think 40-some percent of homes are having price reductions,' said Alyssa Isenstein Krueger, a broker at Living Room Realty."...

Two reports from the Daily Telegraph on Australia. "Sydney’s cooling real estate market is delivering buyers hefty discounts that would have been hard to believe even six months ago. A string of properties across the northern beaches, eastern suburbs and north shore are currently listed at up to $1...

A report from Community Impact on Texas. "An oversupply of apartment units could be in the Katy area’s future. There are about 19,000 apartment units in the Katy area, with another 2,000 or so under construction from five luxury complexes and one senior living community, according to Apartment Data...