The Housing Bubble Blog

A report from ABC 10 in California. "'Even worse than 2007,' said Ryan Lundquist, a Sacramento-based appraiser and housing analyst. 'And that sounds so dramatic, but it's true, because what we're seeing is some buyers have disappeared from the market.' Meanwhile, pandemic price gains are slipping....

https://www.youtube.com/watch?v=6hzdFOAmVsQ https://www.youtube.com/watch?v=hJVOHyY3FmA https://www.youtube.com/watch?v=1N1Xi_M-i1M https://www.youtube.com/watch?v=brHc20Zo8Z0

A report from The Hill. "A series of layoffs at America’s major technology companies could put pressure on local housing markets. San Jose and San Francisco are among five U.S. metros that have already experienced year-over-year price declines. Prices fell by 4.5 percent from last year in San...

A report from Mansion Global. "As the market shifts, home buyers are getting bolder. 'My advice now is to ask for everything,' said Ben Stern, managing broker of Buyers Edge Co.’s Dupont Circle office in Washington, D.C. 'In less-competitive neighborhoods buyers are successfully offering 10% less...

https://www.youtube.com/watch?v=LvBV1T3ucCY https://www.youtube.com/watch?v=_94Gyx50w5E https://www.youtube.com/watch?v=xvkgGvV0eZ4

A weekend topic starting with the Marin Independent in California. "The median price of a detached home in Marin County fell to $1.675 million last month, nearly wiping out the gains for the year, according to the latest county data. The price was only slightly higher than in October 2021. It also...

https://www.youtube.com/watch?v=KYMGSZXnJDo

It's Friday desk clearing time for this blogger. "'What we did during the pandemic, that wasn't sustainable. That was an anomaly. That was not what's normal,' said Realtor Stephanie Grable. 'Right now the bidding wars don't exist.' The median home sales price in Utah was $492,000 in October. Prices...

https://www.youtube.com/watch?v=ikVteistzFE https://www.youtube.com/watch?v=4ymdddRcUoA https://www.youtube.com/watch?v=vx87MaCh2MY

A holiday topic starting with NPR. "Seattle Times business reporter Paul Roberts spoke to KUOW's Angela King: I've talked with a number of workers from India and from China who are really not sure what to do. Some have been here for years. They've got families. They've purchased houses. Now,...

https://www.youtube.com/watch?v=0YT9_jVGdZo https://www.youtube.com/watch?v=6dFS_-T2hps https://www.youtube.com/watch?v=ZQgV3UrA0MY https://www.youtube.com/watch?v=IhsffEHi3LI

A report from the Union Tribune in California. "San Diego County's home price has now dropped five months in a row. The median home price was $775,000 in October, said CoreLogic on Tuesday. It reached an all-time high of $850,000 in May. Jan Ryan, an RE/MAX agent based in Ramona, said she typically...

https://www.youtube.com/watch?v=m4kylulfOlQ https://www.youtube.com/watch?v=1rDq9z5jcUk https://www.youtube.com/watch?v=wfDEzzFOusE https://www.youtube.com/watch?v=oHNk2WV64a8

A report from the Washington Post. "Months before the bank posted a foreclosure warning on the front door of the home that Sunya Musawwir has owned for 30 years, the D.C. government told her they would take care of everything: late penalties, fees, whatever it cost to bring her up to date on her...

https://www.youtube.com/watch?v=roMakYgjM0Q https://www.youtube.com/watch?v=PmcT22TqYgQ https://www.youtube.com/watch?v=rwpiiwP7Lzs

A report from Business Insider. "Flippers are facing the music as the housing market begins to show signs of cooling down. Austin Rutherford told his 700,000 followers he will likely take a loss on a recent flip in Ohio. Fellow TikToker Jeremy Mathis says he's factoring in 10% price drops to...

https://www.youtube.com/watch?v=_2YdnEoPar4

A report from the Colorado Springs Gazette. "Sellers are slashing asking asking prices on hundreds of homes for sale in neighborhoods throughout the Pikes Peak region. Price reductions of thousands and even tens of thousands of dollars are common, Realtor.com's website shows. 'Whether it's new...

https://www.youtube.com/watch?v=bgVfaG-4ea8 https://www.youtube.com/watch?v=14Nj96tx2jw https://www.youtube.com/watch?v=hhITGlfjNP4 https://www.youtube.com/watch?v=bhUtQozZty0 https://www.youtube.com/watch?v=DXS0cGucwlc

A weekend topic starting with Fortune. "Homebuilders and economists alike were on edge this spring after the Federal Reserve Bank of Dallas published a paper titled "Real-Time Market Monitoring Finds Signs of Brewing U.S. Housing Bubble." Shortly afterwards, Fortune spoke with Dallas Fed economist...