The Housing Bubble Blog

A weekend topic starting with the New York Post. "Authorities in California have ceded prime real estate on the Venice Beach boardwalk to a rotating cast of vagrants — a microcosm of the insanity plaguing the Golden State amid its spiraling homeless crisis. Scott Beers, who took over the primo real...

A weekend topic starting with the Washington Examiner. "The United States Court of Appeals for the 9th Circuit is not the only reason why cities across the West Coast have been overrun with plague-infected homeless camps, but the court is a big part of the problem. The Eighth Amendment has since...

It's Friday desk clearing time for this blogger. "Home prices in many parts of the Treasure Valley have cooled down in recent months. The median sales price for June 2023 was $545,000 in Ada County, according to data from Intermountain MLS. That's 8% lower than the median price in June 2022, when...

A report from KOBI in Oregon. "The ‘Rogue Valley Association of Realtors‘ releasing new numbers regarding housing statistics in Jackson County. It shows the county sold less homes compared to this time last year. It dropped by 36 percent. Numbers from the realtors association also showed the median...

A report from KTVB. "The median home prices in Ada and Canyon Counties are down almost 11 percent compared to last year. That's according to the Intermountain MLS. So, I guess it's time to panic? As fun as that would be, no. Debbie Myers, President of Boise Regional Realtors said, first of all, the...

A report from Community Impact in Texas. "'I’ve been doing this for 23 years, and this year was the largest decrease in residential value we’ve ever seen,' said Williamson County Chief Appraiser Alvin Lankford. Since mid-2022, median market prices, or the dollar amount a home can sell for, for...

A report from the Herald Tribune in Florida. "Robert Goldman, a Realtor with Michael Saunders & Co., said that about 50% of all the properties in Sarasota County have had some form of price adjustment. Craig Ceretta, managing broker with Premier Sotheby's International Realty in Sarasota said...

A report from WTOP News. "In 2020, travel was restricted by the pandemic, and many people could work from anywhere. For those who could afford it, a close-by second home on the Maryland and Delaware shores looked like a good investment for short-term rental income and as a work-from-anywhere remote...

A weekend topic starting with Civil Beat. "When University of Hawaii economists were assembling 'The Hawaii Housing Factbook,' they decided to look beyond a metric often used to show housing costs in the Aloha State – and how those costs have increased over time. The result: as much as home costs...

It's Friday desk clearing time for this blogger. "The value of real estate in the heavily damaged coastal areas have fallen dramatically, with total assessed value 40% in Fort Myers Beach and nearly 32 % lower on Sanibel. Home listings and sales in Collier, excluding Marco Island, saw an overall...

A report from the San Francisco Chronicle in California. "In a historic trophy building overlooking breathtaking San Francisco views, 1360 Montgomery, Unit 12, is a penthouse condo for sale perched on Telegraph Hill. After a long stint on the market, it’s now for sale at $2 million — $999,999 less...

A report from the Naples Daily News. "For the first time this decade, yearly median sold prices for all three of Southwest Florida's bigger real estate groups sunk in the same month in the latest data. 'Now cannot be compared to 2021 and 2022 when sellers were asking and getting a premium price on...

What are your mid-year housing bubble predictions? Six months ago: "US housing price declines will continue at an accelerating rate, as investment firms who used leverage to purchase real estate near peak mania levels recognize the need to offload inventories before incurring even more massive...

A report from Islander News in Florida. "Setting that bar a little too high when establishing a sales price for your home? You're probably not alone. According to a recent study by Stacker, the Miami metro area, which includes Key Biscayne, is ranked second in the country (behind Naples and just...

It's Friday desk clearing time for this blogger. "Jonathan Miller, CEO of real-estate consulting firm Miller Samuel said, 'Naples saw a price boom [during Covid] that…benefited from the restructuring of Florida as a place to live full time.' Median prices at the top 5% of the Naples market sat at...

A report from WPTV. "With the influx of people moving to South Florida and the Treasure Coast, real estate experts said don't expect to see much of a correction in the market. But there is a glimmer of hope in the rental market. 'As we start going into [the tourist] season, 2023-2024 season, we're...

A report from Community Impact in Texas. "There is a trend seen between Southwest Austin, Austin and Travis County that holds true for all three—median home prices are down, new listings are down and pending sales are down. Additionally, active listings have gone up while monthly housing inventory...

A report from Bloomberg. "Worsening conditions in the U.S. mortgage-backed securities market are doing little to ease fears over financial contagion. Demand for home purchases and refinancing continued to take a hit last month, as U.S. mortgage rates increased to their highest levels since...

A report from Business Insider. "Realtor.com has re-examined its previous housing market predictions for this year and pointed them in the opposite direction. 'We made a bold call that home prices wouldn't go down in 2023, and with the latest data, we're revising that projection,' Chief Economist...

A report from the Seattle Times. "The cooling housing market is stripping more equity from homeowners in Washington than in any other state in the country. On average over the last year, Washington homeowners lost about $74,300 in equity, a measure of the difference between how much a home is worth...