The Housing Bubble Blog

A report from the South China Morning Post. "Shares of Country Garden, mainland China’s largest developer by sales, slumped to a 14 month low on Monday, after video circulated on social media showing protesters mobbing at least one sales centre during the weeklong national holiday. Scores of...

A report from the Dallas Morning News in Texas. "North Texas home sales dropped in September by the largest percentage in more than seven years. Preowned home sales in the area fell by 7 percent from September 2017. That was the biggest year-over-year sales decline since early 2011, according to...

A report from the Wall Street Journal on New York. "It is deal time for buyers looking to purchase an apartment in one of New York’s new condominium buildings, brokers said. As sales of new apartments have stalled this year, many developers are cutting asking prices and agreeing to go even lower—at...

A report from the Bellingham Herald in Washington. "Whatcom County home sale prices kept rising at a double-digit pace this summer, but there are signs that it won’t be a strong seller’s market much longer. Inventory is creeping up and multiple offers are becoming less frequent, said Darin...

A weekend topic starting with Ahval News on Turkey. "An event entitled The End of Democracy? The 'New Turkey' and a Region in Flux,' took place in on Sept. 24, as a part of the Labour Party’s 2018 conference in Liverpool. Following the full speech which was delivered by Ayşe Zarakol, the...

A report from the Denver Post in Colorado. "Sellers have remained in firm control of metro Denver’s housing market for four years, with inventory shortages, quick sales and escalating home prices par for the course. The imbalance has lasted for so long, it is hard to remember what a more balanced...

A report from the Langley Advance in Canada. "Langley homebuyers looking for a house, condo, or townhouse have a huge increase in their options compared to a year ago, according to he Fraser Valley Real Estate Board. In September, there were 428 single family homes for sale in the Langleys. That’s...

A report from KUOW on Washington. "The Northwest Multiple Listing Service says home prices are down in several areas across the county. They include south Seattle, Lake Forest Park, and Enumclaw. Andy McDonough with HomeStreet Bank says we've experienced a shift in the housing market. 'Now, while...

A report from the Northern Express in Michigan. "Welcome to Traverse City, Petoskey, and Charlevoix — if you’ve got the money. 'Home sales are continuing to rise in our area. In certain price ranges there are shortages of availability. So we are seeing multiple offers and consumers willing to pay...

A report from Mansion Global on California. "At the beginning of this year, the demand for L.A. properties still far exceeded the supply, which drove prices higher and higher as the growth in other global cities slowed or stopped. But by March, that supply and demand equation—specifically in...

It's Friday desk clearing time for this blogger. "After years of dramatic price increases in the country’s largest cities, major metro real estate markets are seeing the beginnings of what some are calling a correction — a shift that should bring overvalued properties back down from lofty heights....

A report from the News Tribune in Washington. "When Seattle has more homes for sale, that’s good news for those also looking in Pierce County. It also means home prices are starting to go down even more. Northwest Multiple Listing Service released September home sales data Thursday, and they showed...

A report from the Union Leader in New Hampshire. "The state’s red-hot housing market may be cooling a bit, according to the head of the New Hampshire Housing Authority. 'The current market, I think, is showing a little bit of slowing in sales activity, but I think that’s related in part to...

A report from the Seattle Times in Washington. "The better news for homebuyers in King County keeps coming: Inventory is way up. Sales are way down. And prices have stopped skyrocketing. The slowdown in the market, now six months in the making, continued in September when the number of...

A report from Think Realty. "A new report from Warburg Realty indicates the New York City housing market has moved—'beyond any doubt'—into a buyer’s market. Warburg’sCEO Frederick Peters cited offers as low as 25 percent below asking prices as evidence. Peters noted the last time that phenomenon...

A report from Finance & Commerce on Minnesota. "J.P. Morgan is taking a steep haircut as it sells an Uptown Minneapolis apartment building. The Walkway, a 92-unit mixed-use luxury building at 1320 W. Lake St., was sold Sept. 26 for $33.6 million in cash. The apartment portion sold for $28.82...

A report from ABC News in Australia. "Buyers who locked in a purchase a year or two ago, when the market was booming, are now struggling to secure the sale. It is a scenario mortgage broker Luke Camilleri is starting to see regularly. 'The most recent one that comes to mind is probably about six...

A report from Realtor.com. "The number of new listings on realtor.com® in September shot up 8% year over year, according to a recent report from realtor.com. That's the biggest jump since 2013. 'It's a key inflection point,' says Chief Economist Danielle Hale of realtor.com. 'There are still more...

A report from the Wall Street Journal on New York. "A pair of developers is planning to auction off units in their luxury Manhattan condominium project. The units will be among the highest priced condos ever to be auctioned by a developer in the U.S., according to Paramount Realty USA, the auction...

A report from the Denver Post in Colorado. "Home sales in the metro Denver area fell precipitously in September, forcing sellers to cut their asking prices and pushing up the inventory of properties available for sale at an unprecedented rate, according to a monthly update from the Denver Metro...