The Housing Bubble Blog

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It's Friday desk clearing time for this blogger. "'Broadly speaking, all real estate valuations are likely to come down in the coming months, since there is little doubt that interest rates will continue to rise, perhaps substantially,' Reveeille Hospitality Chief Investment Officer Marco Roca Jr....

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A report from WINK in Florida. "'People are still trying to get the price their neighbor got in maybe March. And they’re not getting it. But they’re still listing it as if that’s the market,' said broker Jason Jakus. 'Where there was a frenzy in multiple offers. We’re not seeing as many multiple...

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A report from Market Watch. "Rick Palacios Jr., research director at John Burns Real Estate Consulting, said that he’s seeing a surge in sellers shifting from sales to rentals in California. 'Home prices have been falling for several months now in major California markets, and sellers realize that,...

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A report from WLNS in Michigan. "When it comes to the current housing market, Lansing broker Heather Driscoll said it’s in the process of cooling off. 'It has somewhat evened out I would say,' she said. 'So, we are now going back to seeing a lot of price reductions.' Heather is also seeing homes...

A holiday topic starting with In Maricopa in Arizona. "It’s no secret that right now, the real estate market is once again changing. Dayv Morgan, a Maricopa Realtor, has spent the last 13 years selling real estate. Morgan said the biggest difference between now and a few months ago, isn’t...

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A report from the Bozeman Chronicle in Montana. "Marc Parent, a broker with Bozeman Brokers Real Estate who has been in the real estate industry for nearly two decades, said his year started off hot. But when reached last week, Parent said he is about half as busy as he was last year. 'The faucet...

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A report from the Orlando Sentinel in Florida. "Real estate experts say some buyers have dropped out of the hunt. Los Angeles-based real estate investor André Stewart says that more of them should think about holding off. 'The prices are going to have to come down,' he said. 'The prices aren’t the...

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It's Friday desk clearing time for this blogger. "'I don’t believe it is rebalancing anymore,' said Tony Fink, a licensed agent in Raleigh. 'I think is is rebalanced, it has already occurred. It was not possible for us to sustain the growth we have seen.'" "Homeowners wishing to maximize their...

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A report from KTNV in Nevada. "Cynthia Dillion is a New Homes Sales Agent for Harmony Homes and she says she's lucky if she hosts two tours a day to interested buyers. She says at a new development in West Las Vegas, selling a home has become a challenge. She says back in March, she had a waitlist,...

A report from USA Today. "'A lot of the places, the Zoom towns that rose really rapidly in prices are cooling very rapidly and there's been a pretty swift change,' says Redfin Economist Sheharyar Bokhari. 'Price drops are increasing, and it's all been driven by the mortgage rates going up. And the...

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A report from WINK News in Florida. "Peter Davis, a broker based in Cape Coral, said he noticed a shift in the market this spring. 'Junk doesn’t sell and buyers aren’t willing to overpay for junk right now because the inventory is creeping up, the days on market is creeping up. So they have more...