The Housing Bubble Blog

A report from the Napa Valley Register in California. "The number of local homes sold dropped 13.7 percent — from 131 sold in September 2017 to 113 sold this September. 'There was a big slowdown once school started; more so than I’ve ever seen,' said NorBAR Napa Vice Chair Tim McCall. 'We’ve...

From KDVR in Colorado. "Experts said Denver's housing prices are down about 4 percent this fall, part of a seasonal market compression customary for this time of year. Kelly Moye with the Colorado Association of Realtors said Denver's housing market goes through a compression every fall. She said...

A report from the Sunday Telegraph in Australia. "Chris and Brad Kerr say they’re 'heartbroken' after the Californian bungalow in their family for 93 years passed in for what seemed a ridiculously low price. Just two bidders competed for the three-bedroom home and agents couldn’t get them to offer...

A report from the Press Democrat in California. "Sonoma County’s retreating condominium market is providing the starkest signals for the slowdown in local home sales. Condo sales this year have fallen to the lowest level in a decade, while the number of units listed for sale in September reached...

A weekend topic starting with Crain's New York Business. "The alleged masterminds behind a $4 billion international fraud, the investigation of which revealed how easily illicit money from around the world can find its way into major New York City real estate deals, were charged by federal...

A report from KIRO 7 in Washington. "Freddie Larsson is feeling the softening of Seattle's real estate market. He's selling a townhome in Queen Anne after his family moved to a larger place. 'We were putting it on the market and thought we would get three, four, five offers in the first few days,...

A report from KRON 4 in California. "A tiny home for sale in San Francisco just got cheaper. The price for the 480-square-foot home was reduced from $650,000 to $589,900, according to the realtor. The house is located in Visitacion Valley and was built on a 25,000-square-foot lot." "It's likely one...

It's Friday desk clearing time for this blogger. "A Realtor economist said Friday, Nov. 2, not to believe those 'scary headlines' about 'plunging' home sales and stock prices. Pushing back against claims of a housing market bubble, Lawrence Yun, chief economist for the National Association of...

A report from the Houston Chronicle in Texas. "Even as mortgage rates climb in the coming years, they are likely to remain historically low. But that won’t matter to many homeowners who might be considering buying new digs. 'If you already have a perfectly good home that’s on a 30-year, 3.2 percent...

A report from the Seattle Times in Washington. "Earlier this week the news was that the average Seattle-area homebuyer has been successfully able to negotiate a deal at below list price for the first time in four years. But that’s only half the story: In a lot of cases, sellers are now doing the...

A report from ABC News in Australia. "Australian housing prices have continued to slide, with the market facing its sharpest annual decline in six-and-a-half years. This signals 'the weakest macro-housing conditions since February 2012 ... a 0.5 per cent fall in dwelling values nationally in [the...

A report from the Marin Independent Journal in California. "Marin real estate professionals said the slowing pace of sales and corresponding price reductions could offer openings for buyers looking for a foothold in Marin. 'Definitely the number of sales are down,' said Patti Cohn, of Pacific Union...

A report from MarketWatch. "Momentum in the housing market has waned enough that it’s starting to worry many observers. David Blitzer, who manages the Case-Shiller report at S&P Dow Jones Indices, told MarketWatch that he thinks the market is at an inflection point. 'For 11 months straight, up...

A report from the Santa Cruz Sentinel in California. "Bay Area home buyers facing ever-escalating prices are adopting a new strategy — watching and waiting. Bay Area sales volume in September dropped nearly 20 percent, scraping lows not seen in the month for more than a decade. The runaway market...

A report from the Orange County Register in California. "Southern California’s housing market hit a big pothole in September, with home sales sinking almost 18 percent from the year before, CoreLogic reported. It’s the biggest sales drop in nearly eight years. Agents throughout the region say they...

A report from KOMO News in Washington. "The scene is bleak outside Josef Weiss’ West Seattle townhouse. Three 'for sale' signs line the street, just a block off the water – Weiss’ is one of them. Weiss’ home of six years has been on the market 67 days, something almost unheard of in Seattle just...

A report from the Los Angeles Times in California. "A chill is settling over the once white-hot Southern California housing market. Listings are up. Sales are falling. Price reductions are becoming more common. The latest evidence came Tuesday when CoreLogic released its monthly market report....

A report from Bloomberg. "This is how housing markets turn. Slowly. Six years of home-price gains outpacing wage growth; bidding wars replaced by sales at the asking price; days or weeks on the market turning into months; rising mortgage rates. First-time shoppers start to get priced out, making it...

A report from Mansion Global on New York. "Luxury home sellers in Manhattan are dishing out major discounts to get the deal done. They signed contracts for 21 homes priced at $4 million or more in the week ending Sunday, after having slashed asking prices by an average 17%, according to Olshan...

A report from the Orlando Business Journal in Florida. "After years of competitive bidding wars and rising prices, a new data analysis from Zillow shows it might finally be a good time to buy a home in many U.S. markets — especially in Orlando. Zillow researchers looked at three factors to...