The Housing Bubble Blog

A report from the Post Independent in Colorado. "Garfield County stands as a bright spot in the Colorado real estate market, which is dipping across the state, but the strong sales numbers may not last long. Garfield County real estate agents have noticed a slowdown in showings, and said price...

A report from the Tampa Bay Times in Florida. "Construction began on nearly 3,000 homes in the Tampa Bay area in the third quarter of this year but the new-home market shows definite signs of a slowdown. Moreover, 'truly affordable housing (is becoming) an impossibility in this market,' a new...

A weekend topic starting with two reports from Executive Magazine. "Coming into 2018, Lebanon’s real estate market was already sputtering. The first wave of concerns was voiced by developers of luxury units. Property sales in this uppermost segment began slowing down around 2011, creating a glut of...

A report from Multi-Housing Pro on Colorado. "Average rents in Denver fell by $19 per month in the third quarter of 2018, continuing a three-year trend in rent decreases during the third quarter, according to the Denver Metro Area Apartment Vacancy and Rent survey." "'The Denver community has...

Two reports from Domain News on Australia. "Sydney is in the middle of the steepest downturn in house prices in decades and top experts say there’s a way to go yet. In the year to September, more than $75,000 slid from the median house price which is now down 8.1 per cent since the peak mid-last...

A weekend topic starting with J. Bradford DeLong, Professor of Economics at the University of California at Berkeley. "The 2008 financial crisis and subsequent recession left the Global North 10% poorer than it otherwise would have been, based on 2005 forecasts. For those hoping to understand this...

It's Friday desk clearing time for this blogger. "The housing market in Houston and across the country has been on a tear in recent years. Several recent reports from the government, analysts and real estate companies are starting to suggest that the market might have reached its peak. Sean...

A report from the Santa Cruz Sentinel in California. "The California housing market posted its largest annual sales decline since March 2014 in September, as home sales fell below the 400,000-level benchmark for the second consecutive month. This indicates that the market is slowing as potential...

A report from the Detroit Free Press in Michigan. "Remember that too-hot-to-handle housing market in metro Detroit? The one where a nice, well-priced home in Ferndale could get three offers on the table in one day? Well, we're starting to see listing prices on some homes inch down enough to...

A report from Mansion Global on Colorado. "The luxury real estate market in Aspen, Colorado, is coming off a poor third quarter. While prices dipped annually, they plummeted almost 20% on a quarterly basis, according to Douglas Elliman. In the luxury housing markets across the U.S., 'the sense of...

A report from Bloomberg on New York. "If you want a discount on a Manhattan apartment, you’re in luck. You’ll find them in every neighborhood, with some of the deepest reductions in the priciest areas. 'There is a wave of capitulation among sellers who realize that their first asking price was a...

A report from Pleasanton Weekly in California. "As of the end of September, the total number of homes listed for sale in Pleasanton since the beginning of the year was almost 10% more than the same period during 2017. This is a significant change given how stable the supply of homes has been in...

A report from Domain News on Australia. "A regulation-led slowdown saw the city’s median house price drop $76,616 in the year to September, the latest Domain House Price Report shows. Almost half of the drop was in the past quarter. 'Sydney buyers and sellers are now operating in a housing market...

A report from CNBC. "Builders warned of a slowdown in home sales. And they were right – except the numbers are even worse than expected. 'This number really sucked,' wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group, noting that August's read was also revised lower. 'Anyone...

Some housing bubble news from Wall Street and Washington, MarketWatch. "Sales of newly-constructed homes swooned to the lowest since December 2016. September’s selling pace of 553,000 was 5.5% lower than in August, and 13.2% lower than a year ago. Sales badly missed the MarketWatch consensus...

A report from the Press Democrat in California. "Sonoma County home sales plunged last month to the lowest level for September in 11 years, the clearest sign yet of a housing market slowdown. Many sellers feel whiplashed by what seems a sudden drop in buyers’ interest, agents said. 'If you haven’t...

A report from ABC News in Australia. "The boom time is over and we're now officially experiencing the 'house price fall we had to have' according to Deloitte Access Economics. 'Our house prices here in Australia had streaked past anything sensible by way of valuation,' said Deloitte partner Chris...

A report from the Orange County Register in California. "Southern California’s housing market may be suffering from a case of 'be careful what you wish for.' It wasn’t too long ago real estate pros said a lack of inventory was frustrating home seekers rushing to buy from limited options. In late...

A report from Mansion Global on New York. "Another week of lackluster dealmaking in Manhattan’s luxury market halted what was becoming a stronger October. Charts from UrbanDigs show real estate deals sunk in September to the lowest level in at least seven years. The average luxury home that found a...

A press release from the California used house salespeople. "The California housing market posted its largest year-over-year sales decline since March 2014 and remained below the 400,000-level sales benchmark for the second consecutive month in September, indicating that the market is slowing as...