The Housing Bubble Blog

A report from City News 1130 in Canada. "The bubble that’s been ballooning for years in Vancouver’s housing market is finally showing signs of bursting. With the Real Estate Board of Greater Vancouver reporting sales fell 43.5 per cent in September compared to the same month last year, James...

A report from KIVI TV 6 in Idaho. "It's no secret that the housing market in the Treasure Valley is booming. Jessica Argyle and her family just got the keys to their new house. The process went smoother than she thought. 'We didn't think we would qualify for a house because we both went back to...

A report from Mansion Global on New York. "The impact of the dearth of new development transactions was felt most in the Financial District and Battery Park City, which saw sales plummet 41% compared to the same time last year, while median prices dropped 22% to $960,000, according to Corcoran. 'We...

A report from the Australian Associated Press. "Weaker house prices in Sydney and Melbourne have continued to drag down the national market, with a 0.5% drop in September marking 12 months of consistently falling prices. CoreLogic’s national hedonic home value index showed a broadening of the...

A report from the Oregonian. "A Northeast Portland condo building still under construction will market more than a quarter of its units exclusively to buyers who live in Asia, an apparent first for the city. About half of the buyers would likely be investors, said broker Michael Zhang of Cascade...

A report from The Title Report. "During the four-week period ending Sept. 16, nearly 27 percent of home sellers reduced their listing price by at least 1 percent, according to Redfin. Redfin said the 26.6 percent of home sellers who reduced their price during that period is the highest level on...

A report from Real Estate Weekly. "It looks like insurance tycoon Allan Rosenzweig is about to take another big hit as the uber-luxury housing market continues its slide. The South African corporate finance executive has shaved $1 million off the price of the Greenwich Village penthouse he bought...

A report from The Journal on Ireland. "House price rises are beginning to stabilise across the country as more properties become available to buy on the market, it has been reported. Property website Daft has revealed that parts of the country also saw prices drop over the three-month period....

A report from CNBC on New York. "New York City's pricey real estate has become a 'buyers market,' new data suggests, characterized by lowball offers and a rise in the number of properties staying on the market for longer. The latest figures from Warburg Realty show that among higher-priced homes,...

A report from The Day in Connecticut. "Suzanne Simpson was living in Groton in 2008 with a $110,000 mortgage, a part-time job and was soon to be single. Looking back, the 68-year-old wonders how it was possible she had the good fortune to land in a $358,000 luxury condominium in the heart of New...

A report from the New York Times. "By nearly any measure, this city is booming. There is so much construction that a local newspaper started a 'crane watch' feature. Yet, Denver’s once-soaring housing market has run into turbulence. Sales and construction activity have slowed in recent months....

A report from the Sacramento Bee in California. "Home shoppers were feeling beat up this spring, often finding themselves vying with up to a dozen other buyers for limited homes amid soaring prices. That frenzy, for now, is over." "Sacramento’s once-hot home sales market has cooled for three...

It's an international desk clearing post. "Brad Henderson, CEO of Sotheby’s, said recovery in Calgary’s top-tier real estate market has remained unsettled, in parallel to the city’s economic progress. In recent months, industry and consumer confidence have faltered in light of the city’s rising...

The first of two Friday desk clearing posts starting with the US. "Local housing industry experts said the red-hot Colorado Springs real estate market is finally cooling off after several years of record sales and construction. Last week, the website realtors.com rated the 80922 ZIP code in...

A report from Real Estate Weekly on New York. "As the super luxury market continues to stagnate, developers are looking to shift towards smaller-scale projects and cheaper areas. While superluxury was a major discussion point several years ago, The Marketing Directors’ Joshua Silverbush, director...

A report from the South China Morning Post on Hong Kong. "Fears of a drop in home prices are growing in the world’s least affordable housing market as at least five homes were unloaded at discounts of up to 16 per cent on Thursday, following higher mortgage lending rates unveiled by 11 local banks....

A report from CNBC on California. "The San Francisco Bay Area home sales numbers are in for August, and they continue to weaken. Total sales for the Bay Area fell nearly 10 percent compared with August 2017, according to CoreLogic. Sales did increase 1.8 percent compared with July, but the total...

A report from the Seattle Times in Washington. "Seattle’s housing builders are starting to party like it’s 2005: That’s right, condos are back. Developers who spent the past several years building just about everything except condos are pivoting back to them for the first time since the housing...

A report from Crain's Chicago Business in Illinois. "Widespread price-cutting has been going on since early July in the Chicago area, a sign that sellers are responding to 'unmotivated' buyers, a Chicago broker said. Of the nine Chicago homes real estate agent Niko Apostal is representing right...

A report from the Orange County Register in California. "Southern California home sales hit a four-year low this past summer as rising costs and a lack of affordable homes cut into home shopper’s buying power, real estate data firm CoreLogic reported. 'The number of listings is starting to...