The Housing Bubble Blog

A weekend topic starting with the Denver Gazette in Colorado. "'Spring felt like a failure to launch, which has led to a summer kick-off where the natural rhythm of the Denver real estate market simply feels off,' said DMAR Chair and Realtor Libby Levinson-Katz. 'Due to the lack of inventory,...

A report from Mansion Global on Washington. "'The upper end of the ultra high-end market is softer than we’ve seen in many years,' said Moira Holley, co-founder of Realogics Sotheby’s International Realty in Seattle. 'In 2021, when there was brisk movement, we saw sales in the $30 million range. We...

It's Friday desk clearing time for this blogger. "The local housing market is not 'crashing at all,' said King County Assessor John Wilson. 'But the fact is, it’s finally kind of peaked.' In Seattle’s Queen Anne neighborhood, values declined 8% on average this year, compared with an increase of...

A report from the Review Journal in Nevada. "Las Vegas’ real estate investor boom appears to be over. Investor sales in metro Las Vegas plunged a dramatic 60 percent in the first quarter compared to a year earlier, according to Redfin. That was well above the 48.6 percent national average for metro...

A report from Your Observer in Florida. "As the busy season on Longboat Key winds down, so does the demand for properties. The real estate market on the barrier island has slowed down alongside the area's. 'We’re seeing price reductions pretty much across the board because the demand has slowed...

A report from the American Statesman in Texas. "The chief appraiser for the Williamson Central Appraisal District told county commissioners this month that the median market value of a home in the county fell about 12% in 2022. Chief Appraiser Alvin Lankford said the decrease was due to rising...

A holiday topic starting with the Union Tribune in California. "Over the past decade, the dream of homeownership became more elusive than ever as soaring home prices eroded any headway aspiring San Diego buyers made following the Great Recession. 'It all comes back to housing prices. The American...

A report from the Idaho Statesman. "For the first time since the years after the Great Recession, city officials project that Boise homeowners will see decreases in their property taxes. The same trend is happening across most of Ada County, said Brad Smith, the chief deputy at the Ada County...

A weekend topic starting with Suncoast News in Florida. "More dramatic will be changes to large commercial tracts on the highway, such as the moribund Universal Plaza in Holiday, which recently showed up on a video with human excrement dotting its pavement. The property is now under contract to...

It's Friday desk clearing time for this blogger. "Austin Board of Realtors latest data shows the median price of a home is about 466-thousand dollars, a significant drop from the price a year ago – 521-thousand dollars. 'Buyers have gotten scared, almost like the sky is falling and what the rates...

A report from KSAT in Texas. "Home prices in the Austin metro area have dropped $85,000 since last year, according to Redfin. Austin was among the pandemic boomtowns. Redfin analysts say those pandemic prices were unsustainable and 'are now coming back down to earth.' The median home price in the...

A report from Business Insider. "New home prices are in a sharp fall as homebuilders are getting rid of their inventory. As of April, builders had 7.6 months worth of new inventory, compared to just 2.9 months worth of existing home inventory. The Commerce Department said Tuesday that April sales...

A report from The Hill. "Nationwide home prices saw their steepest annual decline in more than a decade last month —falling by nearly $18,000, according to a report released Monday. Redfin found the largest drops in prices were in expensive California markets and in pandemic-era boomtowns, such as...

A report from Banker and Tradesman. "Last year may have started off with a bang for many Massachusetts loan originators, but the sprint rapidly slowed to a jog, and then a slog. 'I specifically remember the turning point was very weird,' said Keith Hapenney, another top LO and loan originator at...

A report from the Marin Independent Journal in California. "The median price for a detached home in Marin County wobbled to $1.7 million last month, about the same level it was six months ago and about 20% lower than the prior year. The figure is based on the latest data released by the county's...

A report from KXAN in Texas. "Home prices in Austin continue to cool after reaching a zenith last year. The median home price in the Austin-Round Rock region fell 15% last month to $466,705, per an Austin Board of Realtors report. In April 2022, the median home price in Austin-Round Rock was...

It's Friday desk clearing time for this blogger. "According to the Realtor Association of Sarasota and Manatee, fewer Bradenton area homes changed hands in April than a year ago. Homes were also taking longer to sell and sellers weren’t always getting their asking price. Rob Sartore, an associate...

A report from the Real Deal on Texas. "The median sales price in the area was $466,705 last month, down 15 percent from $550,000 in April 2022, the Austin Business Journal reported, citing data from the Austin Board of Realtors. The drop in prices bodes well for a market that saw home values...

A report from the Puget Sound Business Journal in Washington. "As the Graystone condominium tower on Seattle's First Hill nears completion, fewer than 10% of the 271 homes have been sold, prompting developer Daniels Real Estate to cut prices and offer buyer incentives. On Tuesday, the Seattle-based...

A report from Business Insider. "After wealthy New Yorkers fled to the seaside haven on Long Island during the pandemic, the boom has ended. One Hamptons broker told CNBC that the area was 'chocked with supply,' while another told the outlet that there is 'too much inventory at every level.' While...