The Housing Bubble Blog

A report from Gulfshore Business on Florida. "Market Trends took place March 12 in downtown Fort Myers with a crowd of more than 1,000 real estate aficionados. In 2023, home sales slowed by about 18% across the three-county region of Lee, Collier and Charlotte counties, said resale home expert...

A report from Real Vail. "Nate Hall, certified luxury specialist and broker associate with Berkshire Hathaway HomeServices Colorado Properties, notes that strong buyer demand and limited inventory in the resort/luxury communities of Vail, Beaver Creek, Cordillera, and Arrowhead have led to...

A report from Newsweek. "A rising number of homes for sale in Florida are seeing sellers slashing prices in an attempt to offload their properties quickly, according to Zillow. Newsweek reported last week that, as of early on Monday, March 4, there were 47,335 homes listed on Zillow with a price...

A report from the Newport Daily News in Rhode Island. "The City Council is considering asking its legislative delegation to submit a bill that would allow the city to impose a 3% tax on real estate sales over $2 million. 'Our average price in Newport is about $800,000 and that does not get you...

A report from Business Insider. "Owners are trying to unload units in the face of the skyrocketing costs of maintaining an apartment in Florida. At the same time, prospective buyers are driven away by those same fees. 'It's definitely been a slow-motion train wreck,' said Joe Humphfner, who owns a...

A weekend topic starting with KRDO. "According to one of the data analysts who produced the 2023 report, that means under half of the new apartment units constructed in Colorado Springs were occupied as of last December. 'The construction pipeline of apartments in Colorado Springs has gotten so big...

It's Friday desk clearing time for this blogger. "Bozeman, Montana, a small city of about 56,000 people, has seen home prices soar. A single-family home in the area rose by nearly 40 percent to more than $1.16 million as of February, according to the Bozeman Real Estate Group. In January, prices...

A report from Barron's. "Plenty of home owners didn’t put out For Sale signs last year as rising mortgage rates shook the housing market. With a brighter outlook now, there are signs that sellers are trickling back. In Seattle, 'it almost feels like someone just turned a switch,' says Compass agent...

A report from the Orange County Register. "It was a weaker-than-average early winter for Southern California home prices. December and January are known for price dips as house hunters shy from closing on a home purchase around the holidays. My trusty spreadsheet tells me Southern California homes...

A report from the Missoula Current in Montana. "It's the third straight year that sales volumes have decreased year-over-year. 'Last year there were 952 residential sales in our (area),' said Brint Wahlberg with Windermere Real Estate. 'That's on pace with numbers we saw in 2011 and 2012, which was...

A report from NBC News. "Despite offering a salary of $167,000, the city of Steamboat Springs can’t find a head of human resources who can afford a place to live in the remote Colorado community. At the Steamboat hospital, doctors willing to pay more than $1 million for a home have been repeatedly...

A report from Market Watch. "Dear Big Move, I’m struggling with the idea of selling a rental property that has both a high monthly maintenance fee and a high mortgage rate. The costs to keep this house are currently higher than the monthly income it generates. I recently refinanced in order to pull...

A weekend topic starting with Business Insider. "A modest Montana house is turning heads not for its grandeur or uniqueness, but for its price tag: $1.1 million. The three-bedroom home in Whitefish — a city of about 9,000 people and the gateway to scenic Glacier National Park — doesn't look...

It's Friday desk clearing time for this blogger. "New York Community Bancorp replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and disclosed faults in its financial reporting in filings on Thursday that sent its shares tumbling. The bank said it...

A report from KELO in South Dakota. "The housing market the past few years has been a fast-paced affair. 'In late 2022, however, interest rates began to rise once more. “That same buyer who was pre-qualifies at $450k — they lost a lot of affordability,' Maggie Miller with Hegg Realtors explained....

A report from Patch New York. "Turns out it's not just Knicks management who sometimes make pricey deals that don't pay off. Former New York Knicks player Samuel Dalembert recently sold off an Upper East Side investment property for a $3.3 million loss, records show. The 6-foot-11 inch,...

A report from ABC Action News. "A report from the Florida Realtors shows that the slowing condo market is bringing down prices. Barbara Schmal is a Tampa Bay area broker associate who says condos are increasingly becoming harder to sell. 'I have never seen it this bad,' Schmal said. 'We do open...

A report from Sarasota Magazine in Florida. "It’s not just a flash in the pan. The local real estate market’s inventory is sustaining growth. In Sarasota County, active inventory for single-family homes increased by 75.4 percent, to 3,135 listings. The condo supply increased by 124 percent, to...

A report from the Herald Tribune. "Throughout much of Florida, including nearby markets such as Tampa and Orlando, standing months of inventory remain comparable to national levels and are moving in tandem. However, in Sarasota and Naples, we are witnessing something far different, which implies we...

A weekend topic starting with the Courier Journal. "The first call came in December 2011. It was a real estate broker from Mexico offering an exciting opportunity: A buyer wanted to pay Stephen, a financial manager from the Midwest, $65,000 for his timeshare in Cancún — far more than the $47,000 he...