The Housing Bubble Blog

A report from Bloomberg. "Eighteen months ago, homes in the booming suburbs north of Nashville wouldn’t even stay on the market for a day, said Don Hackford, a real estate agent in Hendersonville, Tennessee. Nowadays, a developer client recently pulled two homes off the market after getting some...

A weekend topic starting with the Detroit Free Press in Michigan. "A new 0% down mortgage is certainly an attention grabber for the Pontiac-based, mega mortgage lender, United Wholesale Mortgage. Under the 0% Down Purchase plan, qualified first-time borrowers and others can receive up to $15,000 or...

It' Friday desk clearing time for this blogger. "Even if the economy does turn sour, people getting mortgages today are in good financial shape, added Jacob Channel, senior economist at Lending Tree. 'If you are getting approved for a loan right now, there’s a very, very good chance that your...

A report from Bloomberg. "In some Texas and Florida cities, foreclosures are rising, ­suggesting early signs of distress in the once booming housing market. In Houston, foreclosure filings jumped 37% in the first quarter from a year earlier, according to data from property tracker Attom. That was...

A report from Fox 54 in Alabama. "'It's a good time to buy,' Lore Hislop, president of the Huntsville Area Association of Realtors shares. 'You know, the old buyer-seller's market is a very common term. You hear all over the news and we say market because our inventory is leveling out. We are...

A report from Business Insider. "Despite Sonja Morgan's socialite status and her home's location on the posh Upper East Side, she has struggled to sell the five-story, six-bathroom brownstone. Morgan, a star of Bravo's 'Real Housewives of New York,' has owned the home at 162 E. 63rd St. for 27...

A report from Fortune. "Compass CEO Robert Reffkin told CNBC on Wednesday that 30% of the inventory on the market has seen a price drop, which is more than anytime in last 10 years. Meanwhile, the market has seen 16% more inventory. 'It is a different environment. We are now seeing more sellers...

A report from the Naples Daily News. "A luxury home in the sought-after Moorings community will be sold to the highest bidder. Minutes from downtown Naples, the nearly 5,000-square-foot home is described as the 'very epitome of fine Southwest Florida living.' Neither the property, nor the sellers...

A weekend topic starting with KRDO in Colorado. "The Pikes Peak Regional Building Department is showing hope, with a 33% increase in building permits issued since the beginning of the year. However, supply and demand are just part of the complex housing issue. 'Based on our social media pages and...

It's Friday desk clearing time for this blogger. "The spring housing market is turning into a bust as new home sales fell 4.7% in April from March’s downwardly revised number, the Census Bureau and Department of Housing and Urban Development said. 'The new home sales report completes a trifecta of...

A report from Moneywise. "Making an offer that's accepted is just the middle of a real estate transaction, not the end. And homebuyers can afford to be choosier now as demand and competition softens. 'House hunters today are taking their time and exploring their options, whereas six months ago,...

A report from Island News in Hawaii. "Even before the Lahaina fires, insurance rates had been spiking because of natural disasters, global instability and other risk factors driving up costs. And now, they're going up even more. 'Anywhere from up to a thousand percent', said Sue Savio, owner of...

A report from CNBC. "About 33.4% of single-family homes available for sale in the first quarter were newly built, almost double from pre-pandemic levels, according to Redfin. Over the last six months, the median price for a new home has become only about 4% higher than the median price of an...

A report from Realtor.com. "Buyers might want to focus on the housing market breakthrough that's been four years in the making. 'Last week saw the highest number of homes for sale since August 2020, a significant milestone,' says Realtor.com senior economic research analyst Hannah Jones in her...

A report from the Naples Daily News in Florida. "If the Naples area had been part of a Redfin study, it would likely show up as leading the nation with the largest pileup of unsold housing inventory year over year. There were 2,667 price decreases for NABOR during March, the highest number of...

A report from WPBF. "The clock is ticking for Florida condominium owners who now have to come up with reserve funds to pay for potential repairs. John Cadden, managing principal for the Condominium Advisory Group, explained the options available to condo owners. 'People are going to have to pay...

It's Friday desk clearing time for this blogger. "'Homes in the less-populated areas between [Florida] metros are sitting on the market for weeks, leading sellers to lower prices,' Sasha Dookhoo, a Florida homeowner who purchased her house in 2021 'before the housing frenzy began,' tells Fortune....

A report from the Wall Street Journal. "Gary and Karen Steppe listed a condo in Indialantic, Fla., in February for $294,900. They expected the two-bedroom vacation home, which is in an oceanside town near Melbourne Beach, to sell quickly. But the couple initially received no bids. One reason: A...

A report from the Real Deal on Illinois. "The luxury market is bouncing back in Chicago, save for one key submarket. Downtown there’s more than 26 months of inventory priced at $1.5 million and up. The condo market’s downturn was triggered by the pandemic, which reduced vibrancy and exacerbated...

A report from the Gazette Journal. "This year is shaping up to be deja vu all over again for the Reno-Sparks new housing market, with stubbornly high mortgage rates and elevated prices for buyers. '2024 will be an ugly year,' said Brian Bonnenfant, project manager for the Center for Regional...