The Housing Bubble Blog

A report from Market Place. "George Kypreos, president of Las Vegas Realtors, said concessions are happening as much now as ever. At his firm, said Kypreos, 'Most of the buyers are asking for something and they're getting it.' Realtor Tyler King helped a family get into a home in Portland, Oregon...

A report from the Edmonton Journal. "Retirement dreams of a million or so Canadian snowbirds are facing hurdles different from the constrictions of the pandemic or challenges finding travel insurance. In Palm Springs, California, in Weslaco, Texas, or Yuba City, Arizona, warmth awaits for aching...

A report from the Miami Herald. "At a time when only a fraction of Black residents can afford to buy property in South Florida, many Black residents and community members are saying it’s more important than ever for Black people to hold onto generational property in historically Black communities....

A report from Market Place. "There’s good news and bad news from the housing market today. The good news: Mortgage rates dipped a bit, and sellers are finally selling. The bad news: Buyers still aren’t buying. Potential buyers still can’t afford a new house, said Lance Lambert, co-founder of the...

It's Friday desk clearing time for this blogger. "Often nobody but the dreamers get hurt when their impossible dreams fall flat. Daniel and Ebony Edwards’ big dream gone wrong was that other kind. Their more than eight years of failed attempts to revive an East Side neighborhood by filling vacant...

A report from WWSB in Florida. "There are only 46 days until hurricane season begins but for Laurel Meadows, they are still recovering from the last one. Dozens of residents remain displaced as they work to rebuild their homes or seek help. One question they had was if they would receive any of the...

A report from WFLA in Florida. "It happens after every hurricane. Developers and speculators swoop in, offering to buy storm-damaged homes, but what happens to homeowners if the buyer backs out? It happened to some Redington Beach homeowners. They thought they sealed the deal to sell their...

A report from ABC 11 Raleigh in North Carolina. "George Vaughn's son lives in Toronto and Vaughn has been managing his investment properties over the year. His son has decided to unload some of properties and Vaughn is selling them himself to save some money in this economy. They just listed a...

A report from the Baltimore Banner. "Charles and Prince George’s counties, Maryland neighbors with intertwined histories, are the nation’s richest majority-Black counties, with median household incomes that exceed $100,000. Nowhere else comes close. Now President Donald Trump’s mass firings of...

A report from the Wall Street Journal. "On March 1, New York real-estate agent Peter Ocean thought he had reason to celebrate: His clients accepted an offer of $10.25 million for their four-bedroom co-op in Lenox Hill, which had been on and off the market for more than a year, last asking $10.5...

A weekend topic starting with WINK News in Florida. "Beattie Development Corporation, a Cape Coral-based company, is under scrutiny for taking money from customers without completing the promised work. According to court records, Larry Hyman, an attorney, filed to close the company’s liquidation...

It's Friday desk clearing time for this blogger. "'I'm scared,' Georgie Pratt said. 'I'm just going to say it outright. I'm scared.' Pratt has owned her one-bedroom condo at Winter Park Woods in northern Orange County since 2006. 'My mortgage is a percentage of what these fees are,' Pratt said. 'My...

A report from WFTV in Florida. "Local real estate agents say buyers may finally have the upper hand this year. The average home in the Orlando area is around $20,000 cheaper than this time last year, according to the Orlando Regional Realtor Association. 'Our average days on the market was 76 days....

A report from Fox 13. "Some real estate experts worry the market could be seeing a troubling trend of Canadians who have homes in Florida selling their properties. Vincent Arcuri, a realtor who owns Real Brokerage in Tampa, believes most families will be patient but explained why the news is...

A report from the Washington Post. "Until recently, Prince George’s ranked as the wealthiest majority-Black county in the United States, fueled by middle-class workers who gravitated to the federal sector for its promise of stability and benefits. The federal government is the largest employer in...

A report from Yahoo Finance. "'We fell pretty far in terms of prices,' said Scott Turner, the owner of Riverside Homes, a spec builder in Austin, Texas. He estimates that home prices in the urban parts of the city where he focuses dropped 30% from their peak to their trough. 'That’s left builders...

A report from the Jerusalem Post on California. "On January 8, Michaela – who requested to use her Hebrew name rather than her Persian one due to privacy concerns – learned that she and her family had lost their home in Pacific Palisades, and that her elderly parents had lost their home as well....

A report from CBC News. "Just before retiring in 2013, Brian Jamieson, who now lives in Brandon, Man., bought a home in Florida. But he says the sense of safety he and his wife once felt living in the U.S. crumbled after Trump's election last year. The couple decided to put their park-model home up...

It's Friday desk clearing time for this blogger. "South Florida's once-hot condo market is cooling rapidly, with more units sitting unsold and sellers slashing prices to stay competitive. Condo owners like Michael Leccese are feeling the pressure. His one-bedroom, two-bathroom unit at the Sian on...

A report from NBC Washington DC. "The Federal Reserve Bank of Richmond told Virginia lawmakers Wednesday that D.C., Maryland and Virginia could see significant economic challenges in the near future amid the mass federal layoffs. 'This is gonna be catastrophic to our economy, and we have to figure...