The Housing Bubble Blog

A holiday topic starting with News Corp Australia. "The Block stars Leah and Ash are not going to get a house sale for Christmas, and an update to the home’s listing will come as quite an kick in the teeth. When Lean and Ash’s house failed to sell, the pair have now been forced to drop the price,...

A weekend topic starting with WCPO in Ohio. "One of downtown’s largest office properties is seeking $45 million in tax breaks to help it convert part of its space into 205 apartments. Owners of the Atrium One and Atrium Two buildings say they’re hoping to avoid 'a catastrophic loss of office...

A weekend topic starting with the Los Angeles Times. "The recent mayoral election in this sleepy, conservative town nestled in the foothills outside Boise didn’t hinge on which Republican candidate was a fiercer supporter of former President Trump, or who was a stronger opponent of abortion. The...

It's Friday desk clearing time for this blogger. "Palm Beach County buyers looking for an existing single-family home had more to choose from last month than at any time in at least two years, with active listings and months’ supply doubling and tripling compared to what was available during the...

A report from Sarasota Magazine in Florida. "'Lots of sellers are over-asking and still aiming for the numbers they saw right after the pandemic,' says Bernadette Caswell, of Michael Saunders & Company. 'But that was a blip and it’s over. Sellers need to get more realistic. The public will tell...

A report from the Post Dispatch in Missouri. "A surge in home values across St. Louis County this year has sent tax bills soaring, and nowhere more than among small homes in lower-income neighborhoods. From aging brick homes in Wellston to bungalows in Lemay, the appraised values of many small,...

A report from the San Francisco Examiner in California. "With record vacancies in San Francisco office buildings and home prices down, the number of property owners appealing to lower their property taxes has skyrocketed to the highest level since at least the Great Recession year of 2009. Patrick...

A report from 12 News in Arizona. "Michael and Danielle Tantone decided to divorce in August, but remained living in the same house for several months after. Although the couple said they felt separating was best for their relationship, the timing wasn't financially ideal. 'We've been bleeding for...

A report from KHRD in Texas. "Courtney Ravilla and her husband bought their first home in September. It wasn't an easy process. They were searching for the perfect home for more than a year. 'We went through several houses that we just absolutely loved, but we would put in an offer and then there...

A weekend topic starting with the Real Deal. "Commercial broker Jaret Turkell is ready to rock and roll. Turkell posted a GIF of Minions dancing with the tagline: 'It’s time to PARTYYYYYY!” shortly after Federal Reserve Chairman Jerome Powell announced on Wednesday that the Fed was keeping interest...

It's Friday desk clearing time for this blogger. "According to the RMLS, the Portland market also saw its highest inventory in nearly five years. Portland-area real estate agents said much of the challenge for sellers is accepting that activity has slowed considerably in a very short period of...

A report from the Ahwatukee Foothills News in Arizona. "While the market will stabilize, it’s expected to remain challenging. The Cromford Report – a leading analyst leading analyst of the Valley housing market – said last week, 'We are seeing gradual improvement in the demand trend, and supply has...

A report from CBS Colorado. "Two brothers, Grant and Greg Brunner, who died Nov. 28 in a murder-suicide case in Parker, were facing at least eight lawsuits accusing them of running a phony 'fix-and-flip' real estate scheme that cost friends who lent them money an estimated $5 million over the last...

A report from the Portland Press Herald in Maine. "Jon Fetherston looks through his neighbor’s sliding glass door at the sprawling farmland capped by a line of trees that still cling to their autumn colors. The 58-year-old was drawn to The Cottages at Pine Meadow in part for that idyllic backdrop,...

A weekend topic starting with Fortune. "Jim Grant has been tracking the ins and outs of Federal Reserve policy and its effects on the economy and markets in his famed newsletter, Grant’s Interest Rate Observer, for over 40 years. After roughly a decade of near-zero interest rates, he argues, the...

A weekend topic starting with the Philadelphia Inquirer in Pennsylvania. "Philadelphia developer Eric Blumenfeld has lost control of the landmark Marine Club condo building at Broad Street and Washington Avenue amid an ongoing financial crisis involving upward of $200 million in debt. The property,...

It's Friday desk clearing time for this blogger. "As the years have gone by, it appears that some have lost their enchantment with Austin, to the point where companies and founders are also leaving or looking to leave the city. People who moved here for affordability reasons quickly realized the...

A report from the Seattle Times in Washington. "The Seattle-area housing market remained lethargic in November, as high interest rates converged with the typically slow season. A luxury Alki condo building announced in late November it would cut prices by up to 20% for the next six buyers if the...

A report from Newsweek on California. "A San Francisco home has been sold at half its original listing price, crystallizing the stark real estate climate in the city and in the U.S. The home in the Russian Hill neighborhood sold for $9,990,000 on November 9, after being listed in October 2022 at...

A report from the Mercury News in California. "It might be hard to fathom in this real estate market, but one in eight home sellers in San Francisco and on the Peninsula is now taking a loss. How can that be? Some sellers who bought at the top of the market in 2021 and 2022 are being forced to...