The Housing Bubble Blog

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A report from Seven Days in Vermont. "When Moriah Stokes and Vincent Connolly purchased a second home in Morrisville in 2017, they already had plans to list it on Airbnb. The couple were living in Colorado at the time, and Stokes, who grew up in Morrisville, wanted to be able to visit her family...

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A report from Click Orlando in Florida. "Orlando resident Jeriah Owens is searching to buy her second home. She told News 6 that as a single mom especially, it’s been a little frustrating with the up and down interest rates and the pricing on homes. 'When I was searching two years ago, the same...

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A report from the Mercury News in California. "Signs of a homebuilding decline are already clear. In San Francisco, for instance, several of the city’s biggest housing developments are reportedly stalled. And in Concord, a 16,000-unit megaproject still in the planning stages is on hold after the...

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A report from Go Banking Rates. "In 2021, inflation pushed the housing market to record highs — but it wasn’t a bubble. 'It’s not like 2008, because the growth we have seen in the past few years wasn’t based on ARM mortgages being given to people who couldn’t afford them,' said Tomas Satas, CEO of...

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A report from the Salt Lake Tribune in Utah. "It’s just two weeks into 2023, and Utah real estate agents are already being told to look to 2024 for things to improve. Hundreds of them broke into a slow nervous laugh Friday when one of the state’s top housing economists offered them advice after...

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A weekend topic starting with Yahoo Finance. "At an event this week at a swanky restaurant atop the Equinox Hotel in Hudson Yards, New York City — the firm's CIO Tony Roth opened evening discussions by arguing '3% is the new 2%,' referring to the Fed's inflation target. 'As inflation comes down —...

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It's Friday desk clearing time for this blogger. "'When you have a rise and increase in interest rates like we've had, that is a big problem for housing. Interest rates are like the mother's milk of housing,' Pulte Capital CEO Bill Pulte told FOX Business. 'And if you cut it off, you're in big...

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A report from the Pahrump Valley Times in Nevada. "Pahrump home sales and prices slid slightly in the last two months of 2022, according to data released by Las Vegas Realtors. December 2022 was a 'bust' compared to the 'bang' that was December 2021 when 133 homes sold in Pahrump at a median price...

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A report from CNBC. "Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages. As part of its retrenchment, Wells Fargo is also shuttering its correspondent business that buys loans made by third-party lenders and 'significantly' shrinking its mortgage-servicing...

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A report from the Real Deal on Arizona. "Two months ahead of hosting the 2023 Super Bowl, Arizona Cardinals owner Michael Bidwill sold his mansion in Paradise Valley at a loss for $5.3 million. Bidwill sold the property two months after listing it for $5.8 million, the Wall Street Journal reported....