The Housing Bubble Blog

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A report from Click Orlando in Florida. "A market once saturated by bidding wars is now seeing fewer buyers closing deals. In Orlando, home sales dropped 18.3%, with the Orlando Regional Realtor Association reporting 2,717 homes had been sold in September — 607 fewer than were sold in August....

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A report from Buzz Feed. "'I almost feel like it’s a scam or a trick to get me more into debt. I worked so hard to get my credit up to even be able to apply for a mortgage,' Christen Riggins said. Homeownership is 'almost another way to keep people under. I remember calling her the next morning and...

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A report from the Niagara Gazette in New York. "'The first sign of a housing boom came in April 2020,' said Jamie Yaman, the principal broker for Cortland-based Yaman Real Estate. 'That is a market we will never see again. There was a lot of money pumped into the economy.' Prices rose 20% to 30% on...

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A weekend topic starting with WPTV in Florida. "Genide Nazaire has been house hunting for two years. The latest figures show mortgage rates have hit a 20-year high, forcing Nazaire to stay put. 'We have just renewed our lease, which we did not plan on doing two years ago,' said Nazaire. 'Everything...

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A weekend topic starting with the LA Daily News. "Q. Am I wrong to suggest that prices are already falling sharply, we just can’t see it? Wolf: I don’t think falling home prices are widespread yet, but there are absolutely pockets of Orange, Los Angeles, Riverside and San Bernardino counties where...

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It' Friday desk clearing time for this blogger. "Housing inventory in the Austin area has reached the highest level since September 2018. Spyglass Realty CEO Ryan Rodenbeck said the market has changed so much in the last couple of months that some of his clients have also found themselves paying...

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A report from Market Place. "Kai Ryssdal checked in with Vivian Gueler, CFO at Pacific Trust Group, a mortgage lender in Los Angeles. You said then that business for you had 'come to a screeching halt.' And one can only wonder what life is like now in the mortgage business with rates at like almost...

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A report from Bloomberg. "After an abrupt end to the US housing boom, home flippers who were winning big just months ago are now racing to stem losses. It’s a swift turnabout for flippers such as Tammi Merrell, who’s stuck with homes to sell and loans to pay. 'It’s a high-risk, high-reward business...

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A report from the New York Post. "The median home listing price has plunged by more than 10% in Austin, Texas, since June, according to Realtor.com. That marked the steepest decline of any city in the US over that period. 'Sellers are thinking, ‘Gee, this is painful,’ Paul Reddam, an Austin-based...

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A report from KHOU in Texas. "Although Corpus Christi homes are still selling, a downward trend in buyers is leaving houses on the market longer than even just six months ago, when homeowners were able to set their price, said mortgage loan officer Claudia Mostaghasi. 'What sellers are doing is...