The Housing Bubble Blog

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It's Friday desk clearing time for this blogger. "Kansas City area Realtors are looking ahead to the next few months in the housing market. 'Six months ago, you can go to a seller, you can say, ‘Hey, throw me out your dream number and let's go get it and it would work,' he said. 'With the rates...

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A report from Business Insider. "'The uptick that we have seen in cancellations has really been in the last 30 to 60 days, and the leading driver has been buyers' remorse,' said Ryan Marshall, CEO of PulteGroup. 'I think a big part of that comes from buyers that made a buying decision during the...

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A report from CNBC. "'I think over the next quarter or two there will be some price discovery as we match up mortgage payments with pricing,' said Doug Bauer, CEO of Tri Pointe Homes. 'The consumer, really, it was mid-June that we saw this kind of pullback, that pause. I kidded our sales people the...

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A report from USA Today. "Kristina O'Donnell, a real estate agent in Collegeville, Pennsylvania, said some sellers' asking prices are now falling almost daily. 'Instead of sellers having 30 appointments over a weekend, maybe it's down to about a handful for some homes,' O'Donnell said. 'It's...

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A report from West Hawaii Today. "'For every percentage point interest rates go up, we lose 10-15% of our buyers,' said Gretchen Osgood, principal broker at Hawaiian Isle Real Estate in Kailua-Kona. With the market cooling, Osgood predicted that sellers will begin cutting their asking prices by a...

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A report from Money Wise. "'It’s becoming increasingly clear that the real estate markets are headed for a correction,' says George Ratiu, senior economist with Realtor.com. In Austin, for example, buyers are regaining bargaining power as sales last month fell 20% and new listings rose by the same...

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A report from Vice Magazine. "Brent Rogol, an agent in New York, was recently selling an apartment to a buyer who was heavily invested in tech stocks, which dropped dramatically in value over the course of negotiations. 'It really reduced her buying power, and we were only able to get so much,'...

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It's Friday desk clearing time for this blogger. "Raymond Martin and his wife listed their home in Austin, Texas, for sale for $1.1 million in early May. They figured selling the four-bedroom, three-bath house would be 'a walk in the park.' Instead, the Martins have yet to receive a single offer...

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A report from the Sun Sentinel in Florida. "More inventory is coming back to the housing market and closed sales are plummeting as the buyer frenzy of the past year starts to taper. 'Buyers cannot handle these high prices and high rates … they’re not making offers,' said Patty Da Silva, real estate...

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A report from Business Insider. "'Someone turned out the light on our sales in June,' an Atlanta homebuilder said in the survey. Meanwhile, a homebuilder in Austin said, 'Sales have fallen off a cliff. We're selling one-third of what we sold in March and April.'" From Newsweek. "'All across the...