The Housing Bubble Blog

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A report from Community Impact in Texas. "Median home prices in Northwest Austin are down $67,000 from July to August, according to the Austin Board of Realtors monthly report released on Sept. 15. August median home prices stood at $577,000, compared to $644,000 in July and $617,500 in June. 'The...

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A report from CBS 8 in California. "'Sellers are getting a little spooked. They’d like to take their money off the table, take the risk off the table and as a buyer, if you can position yourself correctly you can get a good deal,' said Chad Baker, a mortgage lender. He said just this week a...

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A weekend topic starting with Mortgage Professional America. "'We were overpaid for a couple of years,' said Dan Lourenco, a loan consultant at Mortgage Navigators. 'and it was too easy. Now you have to work a little bit. This year, I’m probably down 40% from the last two years, which were crazy...

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It's Friday desk clearing time for this blogger. "As of Sept. 9, there were 2,699 single-family homes listed for sale with the Multiple Listing Service of Colorado Springs, broker Harry Salzman said. 'That’s five times where we were six months ago,' he said. Ann Kidd, chairperson of the Pikes Peak...

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A report from KTVB Boise in Idaho. "Jeffree Nice put his home on the market last month. 'I think it's been a little over 30 days, which is somewhat normal in these times. I guess I just missed the window,' Nice said. While Nice loves the Treasure Valley, he's trying to sell his home so he can move...

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A report from Honolulu KHNL in Hawaii. "The good news is that the supply chain disruptions that was causing havoc in the building industry will likely ease over the next year. 'We had a big spike because you could gouge your buyers simply on supply and demand. Now that’s lightening up,' said real...

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A report from KELO in South Dakota. "A report from the Realtor Association of the Sioux Empire shows closed home sales were down more than 22 percent in the Sioux Falls area in August. 'Where last year we would get 20 offers and go $50,000 over asking price, this year we’re seeing where we’re...

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A report from Deseret News. "'We’ve definitely slowed. Our prices are starting to come down because the interest rates are so volatile,' said Dejan Eskic, a senior research fellow at the University of Utah. After listening to the latest Fed meeting, Eskic said he’s 'probably not as optimistic'...

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A report from the Mortgage Research Council. "In July, there were 63,000 agreements for homes that were called off, about 16% of homes that were under contract, according to Redfin. That’s an increase from a revised rate of 15% in June. 'Homes are sitting on the market longer now, so buyers realize...

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A weekend topic starting with WILX. "Lansing broker Kim Dunham said it’s a good time to buy if you can because the market will continue to inflate. We are still looking at a seller’s market, just not as extreme as it was last year. 'So last year we were getting way over, on every single home. We...