The Housing Bubble Blog

A report from Candy's Dirt in Texas. "If anyone at a cocktail party says, 'I’m waiting on the housing market to crash,' you simply walk away from that conversation because that person has zero knowledge whatsoever. If someone says, 'There are going to be a rush of foreclosures and bank-owned homes...

https://www.youtube.com/watch?v=3JknGwMKGoQ

A report from Yahoo Finance. "Personal finance expert Suze Orman thinks the housing market holds promise for U.S. consumers even though she says 'the tables have turned a little.' 'You're not going to see a house go on the market, again, in my opinion, and get 30 offers over the asking price,'...

https://www.youtube.com/watch?v=sgPSe3mQZYk

A report from the Coeur d’Alene Press in Idaho. "Jennifer Smock said she and her team at Windermere/Coeur d’Alene Realty are often asked the same questions these days: What’s going to happen with the housing market? While she said she can’t answer those questions with absolute certainty, she did...

https://www.youtube.com/watch?v=Gv6Xzga16Mc https://www.youtube.com/watch?v=iD6nzYZEGCo

A weekend topic starting with Newsweek. "The rising cost of buying a house in America has been further emphasized by an unearthed advert from the 1950s showing the comparatively low prices of property in that period. Captioned: 'They really had it easy back then,' the newspaper advert featured in...

https://www.youtube.com/watch?v=k3WftNGETCQ https://www.youtube.com/watch?v=gzjIlAt2duA

It's Friday desk clearing time for this blogger. "Tacoma, Boise, Sacramento and other cities were listed among those seeing home listing-price declines. Provo and Tacoma saw the largest percentage of dropping prices, with 102 of 108 metros Redfin reviewed seeing the share of homes with a price drop...

https://www.youtube.com/watch?v=8V70YDYo9XA https://www.youtube.com/watch?v=JiSPWUuNp0Y https://www.youtube.com/watch?v=u3B65ej29xQ

A report from KVUE on Louisiana. "There is a slight shift happening in the housing market. Realtors on the North Shore report a lot of homes returning to the market with reduced pricing, homes under $300k returning to the market due to insurance issues, and fewer people buying due to rising...

https://www.youtube.com/watch?v=2K0jE5o6uog https://www.youtube.com/watch?v=5WCkcH4KIKI

A report from Fortune. "The regional housing markets seeing the most price cuts are in the very places that soared the most during the pandemic. As that pandemic housing boom fizzled out last month, things shifted quickly in Provo. In May, a staggering 47.8% of Provo sellers slashed their list...

https://www.youtube.com/watch?v=GauKsjsDi44 https://www.youtube.com/watch?v=iUbsoQMGL40 https://www.youtube.com/watch?v=CYRaJhBxj_E

A report from Market Place. "Lately, Redfin Chief Economist Daryl Fairweather has been using the term 'hibernation' to describe this changing housing market. 'Just in terms of, like, how little activity is happening right now for both buyers and sellers,' she said. Buyers are adapting to the fast...

https://www.youtube.com/watch?v=cJLC_mUxRvc

A report from the Review Journal in Nevada. "In the southwest Las Vegas Valley, a one-story house for sale boasts vaulted ceilings, crown molding, and an open floor plan. It’s a 'gem,' the listing declares — and amid falling home sales locally and nationally, the price was slashed by $25,000 on...

https://www.youtube.com/watch?v=rshXOG-PAeQ https://www.youtube.com/watch?v=MhJIYQrDWUw

A report from Vail Daily in Colorado. "Michael Slevin, owner and president of Berkshire Hathaway HomeServices Colorado Properties, said even as rates rise, his firm’s brokers remain busy. 'We’re counseling sellers that the buyer pool may be diminished,' Slevin said. On the buyer side, Slevin said...

https://www.youtube.com/watch?v=2CnDuox5cFk https://www.youtube.com/watch?v=tbt1tk_xE-w