The Housing Bubble Blog

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A report from the Pueblo Chieftain in Colorado. "'There’s layoffs coming, I am sure,' said Randy Nobiensky, self-employed contractor with RH Builders. 'We are all connected, all in the same boat, and with the interest rates where they are. People are not buying, they are buckling down.' The impact...

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A report from The Chronicle in Washington. "From October to November, home prices fell 10.54% in Lewis County, dropping from $427,000 in October to $382,000 in November, compared to a monthly decrease of 3.63% in Pacific County, 5.62% in Cowlitz County and 6.99% in Thurston County. 'So basically...

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A weekend topic starting with Business Insider. "Prepare for house prices to slump, unemployment to spike, and the US economy to slip into recession, Kenneth Rogoff has said. The Harvard University economist issued his dire outlook during a Fox Business interview. 'The Fed is nowhere near having...

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It's Friday desk clearing time for this blogger. "'The phone’s barely ringing,' said real estate agent John Silva of John Silva Realty & Associates in Orlando. 'Those high, skyrocketing prices we saw months ago, they aren’t moving anymore. They’re just sitting on the shelves.' Silva said his...

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A report from the Houston Chronicle in Texas. "'For buyers now, you're not really buying at the peak because that was more about six months ago to a year ago when we had multiple offers,' said Jennifer Wauhob, HAR's chair. 'People were bidding over asking price, buyers had to waive all the...

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A report from Money. "If you bought your home in 2008 or 2009, selling in 2023 will still be profitable for you,” says Maureen McDermut, a real estate agent with RE/MAX of Cherry Creek in Denver. “If you bought in 2021 and want to sell in 2023, then you may end up taking a loss. In the latter case,...

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A report from the New Hampshire Business Review. "Sales have been down all year to some extent, but mainly due to shrinking inventory. In the last few months, something else is going on. 'Certainly, interest rates slowed things down,' said Adam Gaudet, owner of 603 Birch Realty in Concord and...

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A report from CBS News. "The following is a transcript of an interview with JPMorgan Chase CEO Jamie Dimon that aired Sunday, Dec. 11, 2022. MARGARET BRENNAN: But in this moment we're in right now - you have mortgage rates -what? About 7%? DIMON: 6 1/2 % yeah. MARGARET BRENNAN: Yeah, right around...

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A report from the Los Angeles Times. "For the first time in a decade, Southern California homeowners, and those across the country, are seeing their equity fall en-masse. Justin Bragg and his wife stretched to buy a home in Boyle Heights late last year. Now, after hearing of multiple shootings at...

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A weekend topic starting with the Atlantic. "This coming recession, if it does come, will largely be an artifact of policy, with a handful of unelected bureaucrats based in Washington choosing to increase unemployment and bankrupt businesses in order to cool off the country’s high inflation rates....