The Housing Bubble Blog

A weekend topic starting with the Washington Post. "The first share of $80 million that D.C. officials expect to reap from multistate opioid settlements has landed in District coffers, critical support for stemming an epidemic that claims more lives annually here than gun violence. Only West...

It's Friday desk clearing time for this blogger. "A bond rating agency’s downgrade of U.S. government debt roiled markets — and created just one more reason for mortgage rates to stay firmly near their highest level in two decades. 'That is not good news,' National Association of Realtors Chief...

A report from Deseret News. "Utah’s housing prices are still down compared to last year. Year over year price declines span across all Wasatch Front counties — Salt Lake, Utah, Davis, Tooele and Weber — but the biggest drops were seen in the multi-family sector of Davis County, where the median...

A report from the Asheville Citizen Times in North Carolina. "It was the epitome of a hot market: Local buyers so anxious to snap up a house, they wouldn't even bother to haggle with the seller. In fact, they would offer more than the asking price. Now, that Asheville area trend appears to be...

A report from Community Impact in Texas. "The market presents a unique challenge to agents, buyers, sellers, title agents and anyone involved in real estate, said Shelby Buehler, an agent with The Buehler Group in Flower Mound and Lewisville. Buehler said their agency is encouraging sellers to...

A report from KOMO-TV in Washington. "According to Redfin, luxury home prices dropped by double digits in several west coast cities. San Francisco saw the biggest loss of more than 12.7% in a year. Seattle is close behind at a 12.3% drop. Why the big dip? Tech-heavy towns like Seattle and San...

A report from the Advocate in Louisiana. "When David LeBoeuf listed his Gentilly house for sale in May, he thought the newly renovated, two-bedroom cottage would move quickly with a price tag of $315,000, or roughly $190 per square foot. But three months later, LeBoeuf has lowered his asking price...

A weekend topic starting with Bisnow New York. "The pandemic and its associated travel bans crushed hotels across the country, but the sector has come back in force thanks to a slew of positive fundamentals for the asset class. Soaking up inventory is the city’s approach to the migrant crisis,...

It's Friday desk clearing time for this blogger. "After two years of elevated home prices in Houston, prices began to decrease for the first time in February, according to a report from the Houston Association of Realtors. Local real estate agent Rose Miller said low inventory has resulted in a...

A report from Reuters. "New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said on Wednesday. May's sales pace was revised lower to 715,000 units from the previously reported 763,000 units. The median new house price in June was...

A report from The Hill. "SmartAsset analyzed the 100 largest metro areas in the U.S. In Boise, nearly twice as many homes are being listed than sold, and the median number of days a house sits on the market is 20, marking a 186 percent increase since the same time last year. The Austin-Round...

A report from Mansion Global on New York. "Last week was a relatively sluggish one for Manhattan’s luxury housing market, according to Monday’s report from Olshan Realty. Sales volume, based on the most recent asking prices, took a notable dip, dropping from $246.96 million to $162.46 million,...

A report from KRDO in Colorado. "According to a broker associate at Re/Max of Pueblo Inc., Mike Pospahala, two years ago there was a lot of competition to buy a home. He said a lot of homes were sold above the asking price. 'If you can afford a house, get one because you're probably going to get a...

A report from the American Statesman in Texas. "StoryBuilt, one of Austin’s most active urban developers, has launched a major reorganization and furloughed employees as it deals with a financial meltdown. In a letter sent to StoryBuilt investors Friday, co-founder Anthony Siela said that 'in...

A report from New Hampshire Public Radio. "In New Hampshire, the rate of foreclosure filings on properties has risen 149.72 percent from mid-year 2021 to mid-year 2023, according to ATTOM. Most of that increase has happened in the last year. Because many home loans in the United States are...

It's Friday desk clearing time for this blogger. "The Austin housing market is starting to look a lot more like 2019. For the past three years, multiple offers, bidding wars and all-cash deals became the norm in Central Texas. Now, the picture is changing. Last month, residential home sales in the...

A report from the Seattle Times in Washington. "Late last year, sales of luxury homes in the Seattle area dropped more than 50% from a year earlier, according to a Redfin report that defined luxury homes as those in the top 5% of a local market’s values, or $2.5 million in the Seattle area. Zillow...

A report from NBC Miami in Florida. "Two dozen properties in Coconut Grove are ensnarled in a legal dispute involving lenders, investors, a developer and dozens of people who put deposits down on the home of their dreams – only to find out last week that those properties may be instead sold or...

A report from 425 Business in Washington. "SmartAsset found that the Seattle area hosts three of the top 25 spots in the lineup for the nation’s most expensive housing markets. Among the priciest is the Eastside’s Sammamish area. At the time of publication, the average price of a Sammamish home is...

A report from Community Impact in Texas. "The residential real estate markets in Round Rock, Pflugerville and Hutto are still dropping in median price and increasing in inventory. The local trend for June is similar to pricing and inventory data shown in the entire Austin-Round Rock metropolitan...