The Housing Bubble Blog

A report from the Denver Post in Colorado. "The once-predictable Denver metro residential real estate market feels topsy-turvy at the year’s midpoint, according to the monthly real estate trends report from the Denver Metro Association of Realtors. 'A once reliable market with a peak selling season...

It's Friday desk clearing time for this blogger. "More homes have become available in Spokane and Coeur d’Alene, but the sales pace continues to remain muted compared to the chaos of the local economy as it emerged from the coronavirus pandemic. Mostly gone are the multiple cash offers over asking...

A report from Barron's. "Investors are spooked by rising inventory, says Wedbush analyst Jay McCanless. The number of completed new homes for sale at the end of May was at its highest level since early 2010, census data show. 'Builders may have started too many houses at the beginning of the year,'...

A report from USA Today. "Homes sold below their list price at the peak of the housing season, Redfin reports. 'It means that the housing market is starting to move to the buyer’s favor,' said Daryl Fairweather, chief economist at Redfin. 'People are setting prices based on what they saw their...

A report from the Daily Breeze in California. "How is the housing market doing? The answer depends on whom you ask, says Lawrence Yun, chief economist for the National Association of Realtors. 'Some people will say it is terrible,' he told real estate writers at a recent conference. '(Others) will...

A report from the Naples Daily News in Florida. "Royal Palm's inventory has surpassed 6,300. That's more than 50% higher than a year ago as 1,930 new listings were added in May. A similar trend is pumping up Naples Area Board of Realtors, which has 67.1% more available than 12 months earlier, with...

A report from People. "Actor Bronson Pinchot is best known for his memorable roles in films like Beverly Hills Cop and series like Perfect Strangers. But aside from acting, the Yale School of Drama grad has long had a passion for home renovation. More than a decade ago, he decided to make that...

A report from the Colorado Springs Gazette. "The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of tighter government regulations on the rental...

It's Friday desk clearing time for this blogger. "Palm Beach County collected record returns from its $5 billion investment portfolio, but a sharp increase in property foreclosures raises some concerns about future revenue, according to the county's top finance official. Comptroller Joseph Abruzzo...

A report from the Tampa Bay Times. "Owners of more than 1.5 million condominium units in Florida are bracing for rules going into effect this year. About 78% of condo units in Tampa Bay are 30 years or older, according to Zillow. 'Unfortunately in these older buildings, many people’s perspective...

What are your housing bubble predictions half way through the year? Six months ago: 'Here is my stopped clock recession prediction from a couple of days back: Was recession permanently avoided in 2023, or merely postponed? I predict the debate will continue until at least one of these three doors...

A report from WESH in Florida. "Orlando is expected to be one of the top markets to see home prices drop in the months ahead. 'Our housing market is very much like the amusement parks, I like to tell people, we have a lot of roller coaster rides,' said Rose Kemp, the president of the Orlando...

A report from the Daily Mail on California. "Wendy Fry, a reporter with Mercury News, said Tuesday was the quintessential beach day in San Diego, where the affluent towns of La Jolla and Del Mar are located. While the beaches were packed, Fry said the coastline was eerily deserted. The culprit?...

A report from Market Place. "The U.S. Supreme Court, in a 6-3 vote, upheld a law in the small southern Oregon town of Grants Pass on Friday that bans people from sleeping or camping in public places such as city parks, streets and sidewalks or in their cars. That’s one extreme result of the ongoing...

It's Friday desk clearing time for this blogger. "Rupert Murdoch has slashed the price of his penthouse apartment in New York by more than half after struggling to find a buyer. The media mogul is attempting to drum up interest having first put the 7,000 sq ft apartment up for sale in 2022 with a...

A report from Fortune. "The long-bemoaned housing shortage may not exist after all. Rather, there’s a shortage of cheap rents and affordable homes, according to a new study. The peer-reviewed study, published in April in the academic journal Housing Policy Debate, found that between 2000 and 2020,...

A report from the Tampa Bay Times in Florida. "Real estate markets across the country are still trying to find their footing in the aftermath of the the COVID-fueled home-buying frenzy of 2021 and 2022 said Michael Wyckoff, a global real estate advisor with Engel & Völkers in Madeira Beach....

A report from Barron's. "Home buyers on the hunt in Dallas, who have been waiting for mortgage rates to drop, are finally returning to the market, says Re/Max agent Todd Luong. But it isn’t enough to make a difference overall in home sales in this North Texas metro area. Run-ups in mortgage rates,...

A report from NPR. "As home prices nationwide have gone up dramatically since the start of the pandemic, the amount of equity that people have in their homes is rising, and many homeowners want to access that increased value. But for people with bad credit or low incomes, loans are often...

A report from NBC News. "Today’s housing market has two competing realities: a cost crunch that shows no signs of stopping, and a stretch of rising inventories and slowing competition that could offer relief — for those who can afford it. The decrease in competition is reflected in the time homes...