The Housing Bubble Blog

It's Friday desk clearing time for this blogger. "Aging South Florida condos face critical issues. Inventory is up. Prices are down, and buyers are weary of aging condo buildings. CBS News Miami reporter Joe Gorchow asked Melina Urban, who has worked as a property manager in South Florida for 30...

A report from ABC Action News. "Just over a month after Hurricane Debby hit Florida, new data shows nearly 60% of all Hurricane Debby claims are closed — and more than half of those were listed as 'closed without payment.' 'I was denied,' said Sarasota homeowner Allison Cavallaro. 'They wouldn't...

A report from KHON in Hawaii. "Many condo and townhouse owners are starting to pay up for the increased maintenance fees due to skyrocketing insurance costs. The Gardens at Launani Valley in Mililani has 238 units. Each owner received a letter from the association dated Aug. 27, saying they’ll all...

A report from Mansion Global on New York. "Moneyed Manhattanites returned from their Labor Day breaks with a voracious appetite for real estate, according to the weekly report Monday from Olshan Realty. The townhouse on East 74th Street was asking $23.8 million. The seller paid $26 million for the...

A report from KOAA. "I talked to six families in the Wolf Ranch area, it is one of three Colorado Springs communities where Creekstone Homes builds. The families all have major issues when it comes to communication and getting items fixed on their new builds. 'We did not receive our front door for...

A report from the Ahwatukee Foothills News in Arizona. "Building permits for single-family homes are rebounding this year in Maricopa and Pinal counties, according to The Cromford Report’s analysis of the first seven months of data, and the city of Phoenix is riding the wave.Don’t look at the East...

A report from Tampa Bay Newspapers in Florida. "'Vacation rentals are a sore subject for residents of Indian Rocks Beach. The beach town of a little over 3,600 residents had more than 2,300 short-term rental listings on sites like Airbnb and VRBO in July, according to rental tracking site AirDNA....

It's Friday desk clearing time for this blogger. "New data from home selling stats shows the Southwest Pennsylvania housing market is cooling. Realtor Laurie Kelly, a 17-year real estate veteran, said the days of highballing your listing are gone. 'They have to be very conservative now,' Kelly...

A report from the World Property Journal."According to Redfin, condo prices are falling in major Florida and Texas metros as inventory piles up and buyers back off. This comes as high HOA fees and insurance costs make condos a tough sell. In Tampa, for instance, the number of condo units for sale...

A report from Red Bank Green. "The three townhomes for sale at Red Bank’s Cedar Crossing affordable housing development seem like a potential godsend for a working-class family. Two of the units, both foreclosures, have sat empty for a half decade with apparently no nibbles. And the third? Well,...

A report from the Jacksonville Progress. "For those of us who live in East Texas, some of the information and data that follow will blow your mind. In May of this year, it was reported half of the homes that sold in our country over the past year sold for more than $419,300. In Cherokee County,...

A report from NBC Miami in Florida. "The 40-year recertification of Commodore Plaza has been overdue for 13 years. The city of Aventura has been issuing violations and now the 654 property owners fear an upcoming Miami-Dade County unsafe structures hearing could mean they have to leave their units....

A weekend topic starting with First Coast News. "Florida regulators will soon weigh in on a 14% average rate hike proposed by Citizens Property Insurance, which could impact more than a million policyholders. 'I remember I was around $1,000 a year, but now I’m well over $3,000 now,” says Al...

A report from the Columbia Basin Herald in Washington. "The real estate market is evening out in Quincy, according to real estate agent Tom Parrish. The median price of a home in Quincy is $412,000, a little higher than the $394,900 average for Grant County. Most homes for sale in Quincy are in the...

It's Friday desk clearing time for this blogger. "Two construction companies have filed lawsuits to foreclose on $3.5 million in construction liens placed on the unfinished Mandarin Oriental hotel and residential complex in downtown Boca Raton. The lawsuits follows five other complaints filed in...

A report from WFLA in Florida. "Floodwaters from Hurricane Debby devastated their homes, but many believe overdevelopment contributed to their problems. Those homeowners took their concerns to Sarasota County commissioners and they didn’t hold back. Residents said they were blindsided. 'We put our...

A report from the Idaho Press. "Idaho’s housing market is largely stuck in an expensive place, as is the nationwide market, with high interest rates keeping many people from buying and selling. 'We’re all just kind of sitting here frozen in place, waiting for this thing to unthaw,' Idaho Department...

A report from CNBC. "This month, Realtor.com released its report on the easiest and hardest housing markets for homebuyers right now. Lubbock, Texas, is ranked as the metro area where buyers have the most power. Hannah Jones, Realtor.com's economist, states that because there were 80% more homes...

A report from Florida Today. "Looking only at single-family homes, the $359,450 median selling price in Brevard County was up 1.5% in May from $354,000 the month prior. Since May 2023, the sales price of single-family homes was down 2.6% from a median of $369,000. Condominiums and townhomes...

A report from the Star Tribune in Minnesota. "Jordan Maetche and Alyssa Budion bought a townhouse in Plymouth two years ago — when mortgage rates were at record lows, and sellers called the shots — making their offer quickly and paying the full price of $230,000. By this spring when they decided to...