The Housing Bubble Blog

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A report from Valley Central in Texas. "Realtor Arnold Celis said interest rates are not slowing down the real estate market in the Rio Grande Valley. Celis said the market is so wild, that he has had a client pay as much as $61,000 above the asking price. 'There was a doctor, I just had this...

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It's Friday desk clearing time for this blogger. "''I’ve had clients call and say ‘I want to sell at the peak,’ and I say, ‘Great, can we sell two months ago? The reason for that is – the peak is over,' said Andrew Abrams, Chair of the Market Trends Committee for the Denver Metro Association of...

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A report from Market Watch. "Frederick Warburg Peters, the president of Coldwell Banker Warburg, sounded a grimmer outlook for the Manhattan real-estate market in his own second-quarter market report. 'Throughout the second quarter, that slowdown has accelerated: fewer signed contracts, fewer...

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A report from the Phoenix Business Journal in Arizona. "As the Valley's housing market continues to cool, home sellers are cutting list prices while various incentives are emerging — signs that the housing market is finally on its way to becoming more balanced. The percentage of homes on the market...

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A report from the News Sun in Indiana. "Larry Doyle, president of Campbell & Fetter Bank, ran some sample numbers to illustrate. 'That’s a $318 increase. Same dollar amount. Same dollar amount borrowed,' Doyle said. 'We had nine price reductions (recently) and we haven’t seen price reductions...

What's your housing bubble prediction for the second half of 2022? Six months ago: " 2022 will be the year the Fed’s Everything Bubble bursts." "A reader sent me some quotes he’s collected over the year: “Coming back down to earth” “Reverting to a normal market” “Reached a plateau” “Going from 100...

A report from the Everette Daily Herald in Washington. "Active listings in Snohomish County more than doubled in May to 1,182, up from 500 a year ago. Sam Mansour, a broker with John L. Scott Lynnwood, said more sellers put their homes on the market to try to capitalize on high prices. 'Usually a...

A report from Money Wise. "Austin real estate agent Lilly Rockwell says the market has already started favoring buyers and that she just helped a client negotiate a purchase for under list price. 'It's fabulous. Finally. Tons of choices, very little competition,' she tweeted Thursday. Buying down...

A report from the Tribune in California. "When will the San Luis Obispo County housing market return to normal? Housing prices have seen 'enormous growth' in the past couple of years, Cal Poly finance professor Ziemowit Bednarek said, increasing as much as 20% in the first quarter of 2021 and 18%...

It's Friday desk clearing time for this blogger. "The fact some major forecasters now foresee sustained price declines — something that hasn't happened in more than a decade — underscores just how quickly the housing market is changing. 'It's noteworthy,' said Jordan Levine, chief economist at the...

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A report from KRQE on New Mexico. "The Albuquerque real estate market took off over the last two years, often forcing home buyers into a bidding war. But now that hot housing market is cooling off thanks to higher interest rates. Jessica Garcia is a realtor in Albuquerque and says, 'There were very...

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A report from the San Francisco Chronicle in California. "Redfin agent Andrea Chopp said while so many buyers have been priced out of the market, she thinks it’s actually a great time to buy — if you can afford it. 'A lot of [homes] are just sitting now. There’s no competition. Where there might...

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