The Housing Bubble Blog

A report from the Herald Tribune in Florida. "In the third quarter, foreclosure filings rose nearly 10 percent compared with the year before in Sarasota and Manatee counties, with one in every 615 homes in some stage of distress, according to ATTOM Data Solutions. 'The one sign that a modicum of...

A report from the Daily Mail on New York. "Justin Timberlake and Jessica Biel have reportedly slashed the price of their New York penthouse once again. After initially it putting up for sale for $7.995 million, the A-list couple are said to have cut the price of the SoHo pad down by more than $1.5...

A report from Domain News in Australia. "Sydney’s weekend auction clearance rate slumped to a low of 44.5 per cent on Saturday. The result was Sydney’s lowest preliminary clearance rate in a decade, excluding public holiday long weekends. Danny Grant, of The Agency North, said realistic vendors...

A report from the Denver Post in Colorado. "Home sales aren’t just slumping big in metro Denver, they are dropping across much of Colorado and in what were some of the hottest markets in the country. Year-over-year single-family home sales in September were down 15.8 percent in Adams County, 17.8...

A weekend topic from the Tacoma Daily Index. "Home ownership is not for the faint of heart. If you have an older home, you will never lack projects to keep you busy – and you could easily spend every penny you thought you had saved for retirement or that 'big' vacation on updating plumbing or a new...

A report from the Vancouver Courier in Canada. "The dramatic slowdown in the detached home resale market combined with the introduction of the speculation and vacancy tax and other demand-side measures have prompted a host of owners of pricey houses to rent their homes, according to the president...

A report from the Associated Press on California. "Salinas is one of America's least affordable places to live, exemplifying a housing crisis that plagues California's rural and urban areas alike. Salinas families earn a median income of $69,000, while the region's 90,000 farmworkers bring in far...

It's Friday desk clearing time for this blogger. "Denver epitomizes the slowdown taking hold this year in the nation's housing market. Until summer, broker Van Lewis in Aurora, Colo. was having his best year ever. Since then, he says, monthly sales have fallen 50 percent. He partly blames an influx...

A report from the North Bay Business Journal in California. "Real estate experts around the North Bay are getting early inklings that housing markets in the region are cooling after several years of rapid appreciation in sale prices and rents. Some of it is thought to be related to the destruction...

A report from the Mercury News in California. "There’s new hope on the horizon for harried renters struggling to afford the Bay Area’s astronomical prices — rents have started falling. Median rents dropped in September and August compared to the year before, reversing an upward trend of more than...

A report from the Atlanta Journal Constitution in Georgia. "The retreat in Atlanta’s housing market is becoming a rout: the number of home sales last month took a double-digit tumble from a year ago, according to two reports issued this week. 'A 15 percent decrease in home sales year-over-year in...

A report from the Bellevue Reporter in Washington. "Julia Nordby, office leader of John L. Scott’s Bellevue-Main office, said that in the current market, brokers have had to brush up on handling difficult pricing conversations with sellers, particularly those who want to market the home at a higher...

A report from the Austin American Statesman in Texas. "Flat home sales last month lowered the temperature a bit in Central Texas’ long-hot housing market, according to new data from the Austin Board of Realtors. Local real estate agents have differing takes on the market, with some reporting slower...

A report from the Washington Post. "While home sellers may enjoy the feeling of having the upper hand in the local housing market, buyers have been frustrated for several years by the limited number of homes for sale, rising prices and heavy competition from other buyers. Prospective buyers may...

A report from the Los Angeles Times in California. "The Rancho Santa Fe compound of Wendy Walker, the veteran CNN producer who inspired the ABC drama 'Notorious,' will go to the highest bidder at auction next month." "Walker, who bought the property the year it was built in 1999, has had the estate...

A report from The Columbian in Washington. "Clark County’s housing market cooled a bit in September, with fewer sales and more homes left on the market. Home sale prices also fell slightly in September, but remained higher when comparing the month with the same time last year, according to the...

A report from Bisnow. "Experts have been estimating the likelihood of a commercial real estate bubble for years now. As recently as a year ago, experts in sectors like multifamily denied that bubble-like conditions existed, or at least downplayed the likelihood. Now analysts are changing their...

A report from CBC News on Canada. "The P.E.I. Real Estate Association says changes to the Provincial Nominee Program are already having an impact on the Island's housing market. A month after the province announced it was scrapping the immigrant entrepreneur stream of PNP, the association says the...

A report from Bloomberg. "Despite a robust U.S. economy, at least as measured by gross domestic product, real home price growth is locked in a cyclical downturn. If that's not bad enough, it will likely get worse based on the same approach and factors that correctly flagged the housing bust – in...

A report from WTOP on Virginia. "The number of homes sold in Northern Virginia in September was down almost 12 percent from a year earlier, according to the Northern Virginia Association of Realtors. 'If a home is not in tip-top shape, it is sitting,' said Gary Lange with Weichert Realty in Vienna....