The Housing Bubble Blog

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A report from Realtor.com. "The housing market has been called plenty of things this summer: red-hot, insane, brutal. But the latest word du jour to describe the state of real estate today is almost shocking in its tepidness: balanced. This term cropped up most recently in an analysis by...

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A report from News 4 Jax in Florida. "Jacksonville-based realtors are seeing some cases where buyers are pulling out of contracts. 'I had a friend of mine who’s also a realtor. He had buyers. They got into a contract and within 10 days they backed out of a contract. They used the inspection didn’t...

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A weekend topic starting with WATN in Tennessee. "There's promising signs the Memphis area housing crunch is easing up lately, compared to this spring and early summer. 'Forget what happened two years ago and what happened last year, that's over and it's a different game,' Integrity Mortgage Group...

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It's Friday desk clearing time for this blogger. "Foreclosure activity in North Texas has been steadily climbing since the end of pandemic-related federal restrictions last year. 'In the past, when the market was red hot and someone just filed for foreclosure, you could sell your house in a day,'...

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A report from the News and Observer in North Carolina. "In a more buyer-friendly market, said Yoana Nin, a local real estate agent whose firm serves the Triangle region. Homesellers must now 'put in more effort' and be willing to price homes more reasonably. 'I think a lot of sellers are living the...

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A report from CNBC. "'I am seeing homebuyers cancel a contract if their payment is just a little bit higher than what they expected — I'm talking about $100,' said Al Bingham, a mortgage loan officer at Momentum Loans in Sandy, Utah. 'Homebuyers are very cautious right now.'" From Forbes. "New home...

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A report from Market Watch. "'Our prices have come off of their irrational highs of the last 18 months. It’s kind of a rebalancing,' Dave Walsh, manager of Compass Realty San Jose, told MarketWatch. At open houses in the Bay Area, multiple buyers are turning up — but the lines are nowhere near as...

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A report from the Post Independent in Colorado. "Bryan Snow and his family moved to the Roaring Fork Valley from Denver after his wife got a job in Basalt. They found a house between Carbondale and Iron Bridge. He said it was crazy for a little while. Then he noticed interest rates rising and...

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A report from the Pioneer Press in Minnesota. "'We don’t seem to be selling stuff like $40,000 or $50,000 over list price, with offers like ‘You can name my first child,' quipped Justin DuChemin, a real estate agent with Re/Max, recalling the feeding frenzy that made for unusual national headlines...

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A weekend topic starting with Bloomberg. "The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago. 'The nonbanks are poorly...