The Housing Bubble Blog

A report from KIII TV. "Despite the economic downturn and sky-high inflation, the number of home foreclosures in our area is level, or even slightly lower than past years. Corpus Christi mortgage banker Claudia Mostaghas said people in the Coastal Bend are not trying to cash in like the rest of...

https://www.youtube.com/watch?v=eRS07271zfk https://www.youtube.com/watch?v=5AZtEhSD8yQ https://www.youtube.com/watch?v=LbgiprfbkrM

A report from the Washington Post. "Federal regulators have seized First Republic Bank and sold it to JPMorgan Chase Bank in a deal aimed at quelling renewed weakness in the nation’s banking industry. In a statement issued early Monday, the Federal Deposit Insurance Corporation said that all...

https://www.youtube.com/watch?v=XK3PdnbKsm0

A report from Go Banking Rates. "What goes up must come down. The market’s downward shift is most apparent in the properties on the high side of the median. According to Redfin, luxury home sales fell by a record 45% year over year, to the second-lowest level ever. That outpaces even the steep 37%...

https://www.youtube.com/watch?v=9XES1IGINuk https://www.youtube.com/watch?v=idNDv3oDvw8 https://www.youtube.com/watch?v=VG4gElT1q7E

A weekend topic starting with Yahoo Finance. "As Wall Street debates the cause of First Republic’s troubles, one analyst blames the nation’s top financial regulators. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen were 'advocates of the strategy called ‘go big at the Fed’, Chris...

https://www.youtube.com/watch?v=oxd37VfPccs https://www.youtube.com/watch?v=WaFgqsAiveI https://www.youtube.com/watch?v=AhPEjhKkGSY https://www.youtube.com/watch?v=YOHSuwFWz7w

It's Friday desk clearing time for this blogger. "The National Association of Realtors’ index of pending home sales fell 5.2% to a reading of 78.9 in March, according to data released on Thursday. On a yearly basis, pending transactions plunged by 23.2%. NAR predicts that newly constructed home...

https://www.youtube.com/watch?v=Y5nmVGkr7Dg https://www.youtube.com/watch?v=0NlR_AtBAtw https://www.youtube.com/watch?v=l7IOB5YozIo https://www.youtube.com/watch?v=PvN4ttyLc-E

A report from CBS News. "First Republic Bank's stock price continued to plunge Wednesday. After shedding half their value on Tuesday, First Republic shares tumbled nearly 30% to close at $5.69, with the New York Stock Exchange halting trading in the stock several times because of volatility. Since...

https://www.youtube.com/watch?v=iGoKLdjxeUE https://www.youtube.com/watch?v=qoIOcQHVxIE

A report from Reuters. "First Republic Bank faces dwindling and tough options to turn around its business with the creation of a 'bad bank' or asset sales possibilities, a source familiar with the matter said, after the lender disclosed it lost more than half its deposits during last month's...

https://www.youtube.com/watch?v=Ep79vs5jvQI https://www.youtube.com/watch?v=9Rug-LBXt30 https://www.youtube.com/watch?v=2CVS6_IXmlQ https://www.youtube.com/watch?v=k19ELExKar8 https://www.youtube.com/watch?v=yldv0RZiSjc

A report from Sarasota Magazine in Florida. "Not only did Manatee County see the first year-over-year increase in sales since February 2022, but the area also had the first year-over-year decrease in median prices since February 2019. At the end of the month, in the North Port-Sarasota-Bradenton...

https://www.youtube.com/watch?v=3yUpafpsFWg https://www.youtube.com/watch?v=NyrdqV1Fh8g

A report from the Colorado Springs Gazette. "Home sales fell in March on a year-over-year basis, continuing a downward trend that began in the second half of last year, while prices last month dropped for the third time since December, according to Pikes Peak Association of Realtors figures. The...

https://www.youtube.com/watch?v=lh_z3Z-3_UE

A report from Deseret News. "More than a month after the failure of the Silicon Valley Bank, Moody’s Investors Service downgraded 11 investors. Moody’s research released on Friday suggests that the industry is experiencing greater instability from several bank failures and high inflation, calling...

https://www.youtube.com/watch?v=AP0bkVb2mTU https://www.youtube.com/watch?v=ekPs0kPLNrE