The Housing Bubble Blog

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A report from Fox News. "'For the last seven straight months it has been going down and this is a huge drop - and I think all it says is, ‘Somebody do something or we’re going to go into a recession,’ said National Association of Home Builders CEO Jerry Howard." US News and World Reports. "The...

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A report from the Times Leader in Pennsylvania. "'Home values in the region saw more growth from 2020 to 2021 than the entire previous decade,' said Jill Avery-Stoss, Director of Operations at The Institute for Public Policy and Economic Development. 'Lackawanna and Luzerne Counties saw...

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A report from Fox 13 on Utah. "'Finally the madness has stopped,' said Steve Perry, president of the Salt Lake Board of Realtors. 'Finally the sellers are catching up with how the buyers need it to be. Buyers can now finally take a breath. They can look at more inventory, more houses. They don't...

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A weekend topic starting with Yahoo Finance. "BRIAN CHEUNG: Yeah, let's start off with Wells...Double digit decline in mortgage income for this company when you consider that it used to be an over $1 billion revenue line. It declined 79%. Again, not a typo." From CNBC. "'Sellers have to be more...

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It's Friday desk clearing time for this blogger. "The Federal Reserve’s war on inflation and higher mortgage interest rates have hit Utah’s Wasatch Front housing market — hard. 'Like a wall,' said Steve Perry, CEO of the Salt Lake Board of Realtors. 'It’s forced sellers to have to make...

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A report from KVUE in Texas. "As Austin-area housing inventory rises, Realtors are seeing signs of the market cooling off a bit. 'Some sellers are doing more moderate price drops,' said Ian Grossman, Realtor at Douglas Elliman Real Estate. 'Some are getting a little more aggressive and dropping...

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A report from USA Today. "Membership in the National Association of Realtors grew from 1.48 million at the end of 2020 to 1.56 million at the end of 2021. Kalyani Dere, a former data analytics professional, entered the field of real estate in 2021. 'I knew people were relocating to this area during...

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A report from Go Banking Rates. "'Buyer’s remorse and cancellations shortly after contract are increasing. Builders state buyers are nervous about a potential recession, struggling to get comfortable with higher payments, or expecting home prices to decline,' Jody Kahn, senior vice president with...

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A report from the Review Journal. "LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during June was $480,000. That was down from the all-time record price of $482,000 in May, marking the first time since April of 2020 that...

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A weekend topic starting with Yahoo Finance. "I was talking to a high-profile Wall Street strategist the other day who told me she and her husband were house-hunting in the Hamptons. They saw a place they liked, but the asking price was too high. 'It was as if the downturn in the stock market...