The Housing Bubble Blog

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It's Friday desk clearing time for this blogger. "'I’ve felt a massive drop,' says Sabrina Must, who in the height of the pandemic could command more than $1,000 per night on a holiday weekend in Encinitas, California but now has her rates starting around $275 on Airbnb. 'I am so beyond stressed by...

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A report from KLAS in Nevada. "Housing prices continued to tumble in November, according to Las Vegas Realtors. Prices have nearly fallen to where they were a year ago — a median price of $420,000 in November 2021 — erasing gains that peaked in a record price of $482,000 in May. Home sales were...

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A report from Yahoo Money. "About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months of...

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A report from the Sacramento Bee in California. "The Sacramento region’s housing affordability crisis has eased. Very, very slightly. Placer, El Dorado and Yolo counties also saw affordability numbers increase slightly. Median prices have been steadily falling in recent weeks. Sacramento appraiser...

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A report from 5280 in Colorado. "This past summer Point2 showed metro Denver homes, on average, increased in price $94 each day between 2011 and 2021. As interest rates increased and the economy started to slow in mid-2022, real estate agent Daniel Dixon began hearing from potential millennial...

A report from KTNV in Nevada. "Some Las Vegas sellers are getting creative to get more offers. Zoom in towards the area of St. Rose Parkway and I-15 and you'll find a home listed for only one dollar. 'It is not a mistake,' says local agent Lana Boley, 'You basically have to talk to the listing...

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A weekend topic starting with Fortune. "In 2005, Fed Chair Alan Greenspan told Congress that a 'bubble in home prices for the nation as a whole does not appear likely.' Of course, not only had a housing bubble formed, it was nearing its peak just as Greenspan delivered that message on Capitol Hill....

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It's Friday desk clearing time for this blogger. "'In this particular market, the metro Detroit market we’re actually seeing home prices dropping. I’m seeing home prices drop by $10,000 a month,' said broker Maynard Neal." "'Now that we’re entering a bit of a recovery phase it’s nice in that it’s...

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A report from NBC San Diego in California. "Gone are the days of 30 bids raising a home’s prices overnight. 'That market is done. It’s completely dead,' declared Miguel Contreras a real estate consultant. 'If you’re a seller, you have to get that out of your mind.' Contreras watched the median home...

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A report from Go Banking Rates. "The Florida cities on this list are showing alarming signs that could be pointing toward a housing crisis. Pembroke Pines, Florida: % of homes for sale that have been foreclosed: 74.47%. Hollywood, Florida: % of homes for sale that have been foreclosed: 63.41%....

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