The Housing Bubble Blog

A report from NBC 2. "The big boom of 2020 is over. In fact, Zillow predicts the Florida Housing Market will slow down in the coming years. Sharyn Olander's waterfront home in Old Bridge Village in North Fort Myers is on the market. She tried to sell it last year right after the Hurricane but...

A report from the New York Post. "Spring may only have just begun, but the summer season in the Hamptons is already off to a blistering hot start. In Water Mill, a two-home compound spread across some 21 acres has listed for a cool $99.5 million, according to listings portal Out East. What’s more,...

A report from NBC News. "One of the first signs Barb Carter’s move to Florida wasn’t the postcard life she’d envisioned was the armadillo infestation in her home that caused $9,000 in damages. Then came a hurricane, ever present feuding over politics, and an inability to find a doctor to remove a...

A report from the Herald Tribune in Florida. "The number of single-family homes for sale in Sarasota and Manatee counties has surpassed the high point prior to the buyer-induced frenzy that occurred after the COVID pandemic set the real estate market on fire across the country. At the end of 2021...

A report from the Kitsap Sun in Washington. "A wave of new homes are being built on a hillcrest in Silverdale in the Skyfall neighborhood. The third phase of the project, made up of 29 single-family homes on lot sizes between one and three acres, offers a microcosm of a hot housing market that's...

It's Friday desk clearing time for this blogger. "The price of newly built homes plunged last month as homebuilders sought ways to attract buyers who are feeling the pinch of higher mortgage rates. The median sales price of a newly constructed home dropped 7.6% year over year, to $400,500 in...

A report from Fox Business. "Home listings were up by 13% year over year at the end of February, according to Redfin. This is the largest increase in three years. 'House hunters are out there, and competition picks up every time mortgage rates decline a bit,' said Brynn Rea, a Redfin Premier agent...

A report from the Arizona Republic. "The number of February 2023 home sales in metro Phoenix was about 100 higher than February 2024, and the median price was about $28,000 less. 'If you found February’s sales volume numbers disappointing, you’re really not going to like March,' said housing...

A report from Vail Daily in Colorado. "If Eagle County’s 2023 real estate dollar volume had immediately followed 2019, it would have been a new record. Instead, it represents a significant drop from the pandemic years. Meanwhile, the number of transactions has been declining even more. The days are...

A report from Realtor.com. "The official arrival of spring has also ushered in a pop of positive news for housing: A whopping 17.8% more sellers listed their homes in the week ending March 16 compared with last year. 'This is the highest year-over-year growth rate in new listings seen since May of...

A report from the Daily Mail. "After two years of rapid price growth, it appears Austin's housing bubble is finally about to burst. Properties in the Texan city are typically selling for $525,750 having declined almost $150,000 from their peak in May 2022, according to Redfin. It marks an...

A report from Market Place. "The housing market was going gangbusters during the first part of the pandemic. It was a time of all-cash offers and bidding wars. 'People were doing crazy things,' recalled real estate broker Helen Jeong. 'People would say, ‘Whatever your highest offer is, I’m going to...

It's Friday desk clearing time for this blogger. "Florida condo owners are stuck in a rut as prices drop and mounting insurance rates and condo fees are scaring away buyers. It’s led to more condos sitting on the market for longer than single-family homes according to realtors in the Bay Area....

A report from the Ventura County Star in California. "When developer Shangri-La Industries stopped paying its bills and stopped its state-funded work turning motels in Thousand Oaks and other cities into housing for the homeless, one of the big unanswered questions was: What happened to the money?...

A report from Newsweek. "Completed new-home construction soared in February, the Commerce Department said on Tuesday. Privately owned housing completions skyrocketed by nearly 20 percent last month compared to January and were up about 10 percent from a year ago to more than 1.7 million. For...

A report from Market Place. "On Friday the National Association of Realtors agreed to settle multiple lawsuits that accused its members of colluding to keep commission rates artificially high. Sacramento Realtor Erin Stumpf said many buyers may not be able to afford to pay agents out of pocket. 'A...

A report from Bloomberg. "The world’s biggest bond market sold off after another hot inflation report reinforced bets the Federal Reserve will be in no rush to cut rates even as some areas of the economy show signs of sluggishness. 'Equity and bond bulls are staring at their calendars and drawing a...

A report from the Stamford Advocate. "In pockets of Connecticut from Riverside in Greenwich to Deep River, house hunters are finding larger numbers of new listings hit the market in the first 10 weeks of 2024, compared to a year ago. But this spring’s biggest turnaround may turn out to be the...

A weekend topic starting with Fortune. "This is traditionally the time when home sales bloom. But 2023’s deep freeze begs the question of whether the warming will emerge from under an ice cube or an iceberg. Take the typical home value of $349,216, which is more than 40% higher than before the...

It's Friday desk clearing time for this blogger. "The 'lock-in' effect — current owners being unwilling to move or refinance at higher rates — is showing signs of easing as more sellers begin to put their homes up for sale. Zillow data out Thursday showed new listings of existing homes jumped 20.8%...