The Housing Bubble Blog

A report from Pagosa Daily Post in Colorado. "If you are a buyer who has been sitting on the sidelines for the last year, there is some good news for you. Prices are coming down across the board for homes, condos, and vacant land. I am predicting a 10% correction as supply and demand is shifting....

https://www.youtube.com/watch?v=Hx1THJ5QEj0 https://www.youtube.com/watch?v=i5zgQbbr__4 https://www.youtube.com/watch?v=D553dpDK9zg https://www.youtube.com/watch?v=XHz-8PqxuvQ

A report from the Review Journal in Nevada. "Las Vegas high-rise closings set an all-time record during the first six months of 2022 but the condo market — like in the single-family home segment — has slowed with higher interest rates and concerns about the economy. Sellers are recognizing they may...

A report from Twin Falls KMVT. "In markets saturated with buyers, like many areas of Idaho, buyers backing away from the market should mean stronger negotiating power and, eventually, lower prices. According to mortgage expert GP Theriot, the market is showing signs of returning to normal after two...

https://www.youtube.com/watch?v=sxQuitNIs5w https://www.youtube.com/watch?v=7OWazAKOzQs https://www.youtube.com/watch?v=QVU6tQ2Xbl4 https://www.youtube.com/watch?v=5oaDJvILaFk https://www.youtube.com/watch?v=H-lYHEL-XFU

A report from Floor Daily. "'There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late,' reports the Wall Street Journal. Homes that have been on the market for three months or longer are reducing...

https://www.youtube.com/watch?v=ncxMjKibLZE https://www.youtube.com/watch?v=RNtHr94Vfjs https://www.youtube.com/watch?v=kQxp3HOS9Qw https://www.youtube.com/watch?v=RBMcVA5PUfk

It's Friday desk clearing time for this blogger. "A unit at new-development condo Central Park Tower, the tallest skyscraper on New York’s Billionaires’ Row, has sold for $43 million, a discount of 32.5% off its original asking price. 'They laughed at first,' said James Michael Angelo, who...

https://www.youtube.com/watch?v=4UmU2F-79OM https://www.youtube.com/watch?v=z5Sm-Eguhm8 https://www.youtube.com/watch?v=e875hPhjLS0 https://www.youtube.com/watch?v=3O5m-xXksvA https://www.youtube.com/watch?v=xgETGqxzAoE https://www.youtube.com/watch?v=4Kotjee-9oQ

A report from Business Insider. "'To be expected, with rates rising as quickly as they have, we were going to see a slowdown in prices, but certainly we are now seeing the market slam on the brakes very quickly here through the summer months,' says Andy Walden, the vice president of enterprise...

https://www.youtube.com/watch?v=_a2kAzFBGtc https://www.youtube.com/watch?v=rk5Jj6ezP5o https://www.youtube.com/watch?v=ioaOXz2B7DQ https://www.youtube.com/watch?v=rSzwO5CU3Go https://www.youtube.com/watch?v=taSzZhcZhcc https://www.youtube.com/watch?v=nXcz6CHDtwo

A report from the Daily Herald in Washington. "'I was putting listings on the market right when the interest rates increased,' said Dafna Shalev, real estate broker in Woodinville. 'The buyers stopped coming. There were no showings. Nothing.' What happened next? Prices began dropping, she said....

https://www.youtube.com/watch?v=qqx6u9sayTM https://www.youtube.com/watch?v=FKAJ13AVPjc https://www.youtube.com/watch?v=xfWF0QKDFcE https://www.youtube.com/watch?v=5D-zKqgBYes

A report from Miami Community News in Florida. "It is as if the collective consciousness of anyone thinking of selling said, 'Oh, I have missed the top and I better get on market right now so I don’t lose more money.' This is one of the biggest reasons for our current perfect storm. Just a few...

https://www.youtube.com/watch?v=AjDo64f-1d4 https://www.youtube.com/watch?v=twpqDOMSJdA

A report from KING TV in Washington. "'Literally houses are staying on market a lot longer. House prices are dropping anywhere from $50,000-100,000. I've seen houses drop $300,000,' said real estate broker Ali Samael. Housing prices coming down are a welcome sight for those in Seattle looking to...

https://www.youtube.com/watch?v=xWqiE5GY4LI https://www.youtube.com/watch?v=mgODew-Iwog https://www.youtube.com/watch?v=Y-i7cawhw8s

A report from the Post Star in New York. "'I showed a house the minute it came on the market, and I wrote an offer on the hood of the car, that’s how quick,' said agent Barbara Kenison with Coldwell Banker Prime Properties. During the month of July, the tide has started to turn, and agents are...

https://www.youtube.com/watch?v=QlYaNBNr_V8 https://www.youtube.com/watch?v=piVG4lY_zss https://www.youtube.com/watch?v=HXm6w8ITWaI

A report from Austin Culture Map in Texas. "In June, the city's median home price reached $615,000, a record for the month of June, but a drop from the May 2022 median of $667,000. The report highlights a 218 percent year-over-year increase in the number of active listings in the Austin-Round Rock...