The Housing Bubble Blog

A report from Moneywise. "The golden days of real estate investors buying and flipping homes for a quick profit appear to have come to a halt. Investors lost money on roughly one of every seven (13.5%) homes they sold in March, according to Redfin. That followed a dire month in February, when real...

A report from the Idaho Statesman. "There were 373 total sales in Canyon County last month, 25% lower than they were this time last year. The median price of a single-family Canyon County home last month decreased 1% to $389,990, with existing homes at $370,000 and newly built homes at $406,390. A...

A weekend topic starting with Arizona Family. "The Phoenix area housing market has presented a number of challenges for people looking to buy a home. Guardian Mortgage loan officer Dean Wegner said he’s starting to see more banks and credit unions tighten their lending standards, which means home...

It's Friday desk clearing time for this blogger. "A luxury real estate brokerage that handled some of Orange County’s biggest and most iconic home sales has shut down. Villa Real Estate closed all three of its offices in Newport Beach and Laguna Beach, leaving 125 agents scrambling to find a new...

A report from Jackson Hole News and Guide in Wyoming. "'Everyone’s saying it feels slow. It’s slow, it’s slow. It’s slow,' said Kurt Harland, a Berkshire Hathaway agent. 'If you look at the numbers, it’s not. It’s normal. ... It just feels weird because we’ve been on this rocket ride the last...

https://www.youtube.com/watch?v=-yybrn1_bLY

A report from the Star Advertiser in Hawaii. "High interest rates continue to subdue Oahu's housing market where prices pushed down this year could remain flat in 2024, according to a University of Hawaii analysis. The Honolulu Board of Realtors reported that the median sale price for single-family...

https://www.youtube.com/watch?v=TcC7AMwKIYw https://www.youtube.com/watch?v=DWXKQ29FTQ8 https://www.youtube.com/watch?v=KiKORrPMGFQ https://www.youtube.com/watch?v=DLLGpyxugls https://www.youtube.com/watch?v=0nffcjFHrtI

A report from Business of Homes on California. "It’s been a gloomy few months in Silicon Valley. In the first quarter of the year, nearly every major tech company has had mass layoffs. Local architect Megan Blaine had two projects under construction that were funded by the clients’ Meta stock,...

A report from the San Francisco Chronicle in California. "After skyrocketing during the pandemic, home prices in San Francisco have been declining in recent months at faster rates than in other parts of the state and country. Typical home values in San Francisco climbed from nearly $900,000 in...

A report from the Ahwatukee Foothills News in Arizona. "'We’re in a unique situation in Maricopa County. Nearly 200 people daily are moving into Greater Phoenix, and the inventory is still limited while demand is strong,' said Butch Leiber, president of the Phoenix realtors board of directors....

https://www.youtube.com/watch?v=DNxXRigHri4 https://www.youtube.com/watch?v=boKNcv9_R-U

A weekend topic starting with the Globe and Mail in Canada. "Jamie Dimon said it was over, but it isn’t. The calm lasted two days. By Wednesday, contagion fear was prevalent again. PacWest Bancorp, a small regional lender based in Los Angeles, closed the week down 43 per cent, and Memphis-based...

https://www.youtube.com/watch?v=6JSMH7G5-H4 https://www.youtube.com/watch?v=1Fx6bDjH5x8 https://www.youtube.com/watch?v=eLywvF5jHdU

It's Friday desk clearing time for this blogger. "Spring in the Seattle area looks a bit different from usual this year. The median single-family home in King County sold for $875,000 in April, down 12% from a year ago. The median Snohomish County home sold for $767,500, down 9%. The median Pierce...

https://www.youtube.com/watch?v=gSxalptnRAE https://www.youtube.com/watch?v=xrnunW8b1GU https://www.youtube.com/watch?v=UuPloq-oZTg

A report from Reuters. "Shares of U.S. regional banks fell premarket on Thursday, hurt by a 37% slump in PacWest Bancorp after its announcement about exploring strategic options including a potential sale or capital raising, after a liquidity boost announced in March failed to inspire confidence in...

https://www.youtube.com/watch?v=-P_BpLXSQy0 https://www.youtube.com/watch?v=edbagTAXvLk https://www.youtube.com/watch?v=tdtu9QKXiK0 https://www.youtube.com/watch?v=DFUUIblrgwc https://www.youtube.com/watch?v=N8IzEYRKZ0I

A report from the Telegraph. "Almost half of America’s 4,800 banks are already burning through their capital buffers. They may not have to mark all losses to market under US accounting rules but that does not make them solvent. Somebody will take those losses. 'It’s spooky. Thousands of banks are...

https://www.youtube.com/watch?v=z5Xkwbx4GL8 https://www.youtube.com/watch?v=AP3aTY1qx2c https://www.youtube.com/watch?v=P_3ZTl9YoPM