The Housing Bubble Blog

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A report from the Mountain Democrat in California. "During a recent interview for a listing I made the mistake of assuming the sellers were aware their home was not worth today what it was last summer. My mistake became evident after I presented recent neighborhood sales information and my estimate...

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It's Friday desk clearing time for this blogger. "Today iBuyers are the ones getting shafted. Laurie Tayrien and her husband bought a home in Phoenix for $485,000 in November. Only five months earlier, Opendoor had purchased it for $646,800. That's a 25% loss for the iBuyer." "The housing market in...

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A report from WRLN. "Their billboards used to plaster South Florida. Their contractors went door-to-door, offering expensive and much-needed upgrades to roofs, windows and air conditioning units — with no money down, no credit check needed. Ygrene Energy was the biggest player in a novel and...

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A report from DS News. "As the housing market took its twists and turns to close our 2022, Fannie Mae felt the impact of a market in flux. Fannie Mae’s net income decreased $9.3 billion in 2022, compared with 2021, primarily driven by a $11.4 billion shift to provision for credit losses, and a $1.6...

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A report from Realtor.com. "According to Realtor.com®’s December housing data, the housing market continued to cool, with inventory and time on market increasing and listing price growth dropping below 10% for the first time in a year. There were 54.7% more homes for sale in December compared to...

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A report from the Keene Sentinel in New Hampshire. "What broker A. Ranger Curran and others agree on is that the pandemic-fueled frenzy — where there were five to 10 offers in a week and buyers were willing to pay sometimes as much as $20,000 to $30,000 or more over asking price to win the bid — is...

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A report from Market Watch. "'A few markets may see double-digit price drops, especially some of the more expensive parts of the country which have also seen weaker employment and higher instances of residents moving to other areas,' said Lawrence Yun, chief economist of the National Association of...

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A weekend topic starting with WXYZ. "Among the states with the highest foreclosure filings? Michigan. Michigan ranks third in the nation behind Delaware and Illinois. Bankruptcy attorney John Kallabat told 7 Action News, 'I’ve been doing this for about 28, 29 years, and this is about the most I’ve...

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It's Friday desk clearing time for this blogger. "Hawaiʻi’s luxury home market experienced a 22% decline in the number of sales last year compared with 2021. 'It’s not quite as doomsday as people think,' Hawaiʻi Life CEO Matt Beall says of 2023." "Keith Eatmon finally had a buyer for the house on...

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A report from the Union Leader. "People bought nearly 40% fewer homes in New Hampshire in January than two years ago, the lowest one-month total in 12 years. Meanwhile, some areas are beginning to see lower prices than a year ago. Hillsborough County, which includes Manchester and Nashua, recorded...