The Housing Bubble Blog

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A report from My Northwest in Washington. "Seattle economist Matthew Gardner, the Chief Economist for Windermere Real Estate, told Dave Ross that looking at home prices year-over-year doesn’t tell the whole story. 'To compare, literally this month to this month, rather than looking at it on an...

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A report from 425 Business in Washington. "Snohomish County saw its median sales price settle at $645,000 last month, down 6.1 percent from a year ago, and also down from December, when the median was $679,000. Looking at single-family homes only, the median sales price last month was $781,098 in...

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A report from the South Haven Tribune. "People in the South Haven area who want to earn extra income by renting their homes to vacationers may want to reconsider their options. According to a study, the short-term rental market in Southwest Michigan appears to be experiencing a mild bust. The...

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A report from The New Orleans Advocate in Louisiana. "When Roxanna Campos and her husband put their 40-year-old Bucktown house on the market in January, they thought the three-bedroom brick Ranch would be a quick sell. As a local real estate agent, Campos had a front-row seat to the bidding wars...

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A report from Business Insider. "I felt pressured to buy a nearly $1 million house at age 27 — and I deeply regret it. This as-told-to essay is based on a conversation with Elsa, a 27-year-old software engineer who asked that only her first name be used for privacy reasons, about her experience...

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It's Friday desk clearing time for this blogger. "In March 2020, Mark Joseph bought his first home: a spacious three-bedroom, 2.5-bedroom house in Saint Louis. He and his wife had recently had their second child. Joseph was convinced 'someone else would swoop in and take it away if I didn't make a...

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A report from ABC 15 in Arizona. "'Home prices are now down 8% in Phoenix compared to the 2022 spring peak, which is twice as large as the decline in prices nationally, but still lower than declines in the Bay Area and Seattle — down about 14%,' said Selma Hepp, chief economist for CoreLogic." From...

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A report from KXTV in California. "'These homes we're in now... when they went up originally in 2018 just before the pandemic, they were running anywhere from high $300,000 to low $400,000,' realtor Dana Harward explained as she drove around a popular suburban neighborhood in Natomas. Those same...

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A report from Axios on Arizona. "A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week.The median Phoenix home sale price, which was $410,000 last month, has come down significantly...

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A report from Wicked Local. "The Massachusetts residential real estate market is correcting for past excesses. 'The Massachusetts single family market finally hit the wall we’ve all been anticipating,' said Tim Warren, CEO of The Warren Group. 'For the last few years, housing market activity has...