The Housing Bubble Blog

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A weekend topic starting with WBZ-TV. "Rates on a 30-year mortgage are now more than double what they were at this time last year. It's just the latest impact Americans are feeling from inflation levels not seen in 40 years. WBZ-TV's Paula Ebben spoke with Warren Group CEO Tim Warren about what you...

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It's Friday desk clearing time for this blogger. "Austin Texas, home-builder Leonard Bullard said he’s reluctant to cut prices more than 10% on a $5 million house. 'We at least need to break even, right?' he said. 'Otherwise, we’re paying to sell houses.' 'There’s a glut of projects stacking up,'...

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A report from the Washington Post. "When Larry Frum listed his townhouse in Laurel, Md., this past August, his real estate agent assured him it would sell in three or four days. But that’s not what happened. 'Three to four days became a week, and then it became two weeks, and then it became a...

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A report from My Northwest in Washington. "'This was a good time for price correction,' outlined Juliet Beard, a Seattle real estate broker. 'Homes were inflated in Seattle and this is the bubble.' The most significant home price change is in Seattle, where prices are still up year-to-year, but...

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A report from Fox Business. "A year ago, business was booming for Touchstone Living Inc. The Nevada builder had a list of 639 qualified buyers who wanted homes in its development about 15 miles north of the Las Vegas Strip. Today, that list has shriveled to about 30. Owner Tom McCormick said, 'I’ve...

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A report from the Daily Interlake in Montana. "'The median home price in Kalispell is at $525,000, which is down from what it was a couple of months ago when it was in the six hundreds,' says Erica Wirtala, Public Affairs Director for Northwest Montana Realtors Association. 'I think Whitefish has...

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A report from WFAE in North Carolina. "Charlotte real estate agent Maceon McCracken said that the market now seems to be finally 'normalizing.' She recently helped that same client sign a contract to purchase a home for $40,000 below the list price, a significant shift from just a few weeks ago....

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A weekend topic starting with the Colorado Sun. "Back in 2015, the median sales price for a house in Colorado was $285,000, according to the Colorado Association of Realtors. Between January and September, the median price averaged $575,000. 'As you can see from the report, it would take pretty...

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It's Friday desk clearing time for this blogger. "Since the end of the Great Recession, home prices in the Rochester area have pretty much gone in one direction: up. In the last several years, they’ve soared. But could that change soon? 'I think there will be some adjustments, now that we see that...

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A report from Bankrate. "'California will be a prime target for price declines,' says Lawrence Yun, chief economist at the National Association of Realtors. 'It’s almost assured that expensive areas will go through some price adjustment.' The retreat in home values doesn’t surprise housing...