The Housing Bubble Blog

A weekend topic starting with Twin Falls KMVT in Idaho. "Desirae Williams owns Revista Realty. She is discussing a big new change in how realtors help people buy or sell a home after the National Association of Realtors settled a federal class action lawsuit. Sellers no longer must pay for both...

It's Friday desk clearing time for this blogger. "Residents are noticing more homes going up for sale around the Fort Wayne area. Scott Pressler, co-owner of Keller Williams Realty Group, told WANE 15 the inventory is up 26% over last year. WANE 15 also spoke with Rachel Blakeman, the Community...

A report from Boston.com in Massachusetts. "The median sales prices for single-family homes and condominiums in Greater Boston broke records for July but were less than what buyers paid in June, according to the Greater Boston Association of Realtors. 'What we are experiencing at the moment is not...

A report from Fox 35. "The president of Florida’s Senate has confirmed that no special session will be convened to reconsider condominium safety legislation. 'For many years, people have elected to kick the can down the road,' said John Cadden, who runs the Condominium Advisory Group. 'It was pay...

A report from the Dallas Morning News in Texas. "Things are changing ever so slightly in the Dallas-Fort Worth housing market. Year-over-year prices fell for the second straight month. A national real estate group estimates the price drop is one of the most substantial in the nation. This comes...

A report from WFLA in Florida. "Donald Delorme lived in his Pasco County home for more than seven years. Then, a salesman knocked at his door and offered something that sounded like a great deal. Delorme decided to sign up. 'Because there were a few things that we needed to fix with the house,' he...

A report from the Rockland County Times in New York. "The housing market has truly exploded in Rockland County. Maria Kriesel, owner of Century 21 in New City, said she is also '…seeing some price adjustments which we would not even come close to seeing during the last four years…that tells us that...

A report from 6 South Florida. "It’s been 14 years since Thereza Teixeira purchased her condo in Aventura. In addition to her mortgage, she pays $1,390 in monthly fees. Those monthly fees include $967.70 in maintenance dues and two assessments – one imposed just last year. 'We still needed more...

It's Friday desk clearing time for this blogger. "Realtor Carmen Crane from The Roxberg Group in Draper answers the most frequently asked real estate questions her firm has received. How much will be my down payment? Carmen says it really depends on a variety of factors. Typically it’s between...

A report from Fox 13 in Florida. "A St. Petersburg business owner is under investigation after reportedly orchestrating 'a classic Ponzi scheme,' according to federal investigators. Russell Todd Burkhalter is the founder and CEO of Drive Planning, a Georgia-based financial consulting firm that...

A report from NBC Miami in Florida. "The clock is ticking for hundreds of people living in the Heron Pond condominium in Pembroke Pines. In July, the city gave residents until the end of August to vacate their homes after the entire complex was deemed unsafe. Cecilia Picon, 83, called Heron Pond...

A report from Maui Now in Hawaii. "Closings of condominium sales have dropped by double-digit percentages in the three months since Mayor Richard Bissen announced a proposal to phase out thousands of short-term rentals. Bissen said the downward trend in condo sales volume is a positive indication...

A report from the Coeur d'Alene Press. "Jennifer Smock, co-owner, managing broker with Windermere/Coeur d'Alene Real Estate, said the real estate climate currently is interesting. She said values are holding stable. On most days, they see an equal number of new listings entering the market as they...

A report from the Panama City News Herald in Florida. "According to Kaydee Albritton, CEO of the Central Panhandle Association of Realtors, the changes stem from a class-action lawsuit filed in 2019 by a group of Missouri home sellers who argued it is not fair for them to 'have to pay the full...

It's Friday desk clearing time for this blogger. "Jeff Tucker, Windermere Real Estate principal economist, said the 2.8 months of inventory in the Regional MLS’ most recent Portland metro sales digest suggested a shift toward something resembling a buyer’s market. Having more listings generally...

A report from WFLA in Florida."Floodwater from Hurricane Debby started rising in the Sarasota neighborhood on Monday. People who live there said the water was still rising on Tuesday. Mike Vance said his neighborhood has never flooded for 20 years, until now. He said no one in the neighborhood was...

A report from News Channel 5 in Tennessee. "With higher interest rates these past couple years those looking to buy or sell a home have seen them stay on the market longer. The Greater Nashville Association of Realtors says in an increasing number of cases that's led to price drops as sellers are...

A report from KOB 4. "Kelsey Norris and her family have been in their Albuquerque home for five years, and she’s grateful they were able to purchase it before the pandemic hit in 2020. They’ve started to think about upgrading, but the market hasn’t looked great. 'Honestly, the house that we’re in...

A report from Realtor.com. "Median home prices fell in July, marking the first-ever seasonal decline in a month that's typically a peak time for home sales. The national median list price dipped from $445,000 in June to $439,950 in July, according to a new monthly housing report by Realtor.com®....

A report from the Detroit Free Press in Michigan. "A million dollars doesn't buy what it used to in metro Detroit. Long gone are those immediate post-Great Recession days when a $1 million might still buy a mini mansion in some highly desirable suburb. John Apap, president of The Apap Realty Group...