The Housing Bubble Blog

A report from Candy's Dirt in Texas. "We regularly hear, 'Why is there a cow skull in every house you show us, and what is it with the love of red paint?' 'Wow, you have a lot of outdated homes here!' 'The property we want does not exist yet in Dallas, so we’ll rent and wait on our home to be...

A weekend topic starting with the Idaho Mountain Express. "In advance of the busy summer tourist season, Ketchum city officials briefly considered allowing a 'tent city' on the edge of town to provide temporary housing for workers. In a place where the median sales price of a home was recently...

What's your housing bubble prediction for the new year? From KOLD. "Whether you’re looking at houses in Tucson, around the state of Arizona or even nationwide, experts can all agree this year’s housing market will go down in history. 'We don’t think that home prices are going to go backwards and go...

It's Friday desk clearing time for this blogger. "Sellers, at moments, were too aggressive with pricing. Price cuts on homes jumped in August, as some sellers realized they could not get their dream asking price. 'Many buyers gave up,' said Ellen Taracido, managing broker with the Collection Realty...

A report from the Globe and Mail. "About 500 investors, many from South Florida’s Venezuelan American community, were taken in by Efrain Betancourt Jr.’s sales pitch of high-interest returns on their investments in his short-term loan operation Sky Group USA. Mr. Betancourt spent a portion of the...

A report from the Los Angeles Times in California. "The city of Bradbury just saw its priciest sale in years when Lynsi Snyder sold her Mediterranean mansion for $16.25 million. It chalks up as a loss for Snyder, who bought the nearly 19,000-square-foot home for $17.21 million in 2012. She first...

A report from KUTV Salt Lake City in Utah. "'We keep talking about housing crash, housing crash, housing crash,' said Dejan Eskic, senior research fellow at the Kem C. Gardner Policy Institute — but he doesn’t see that happening. 'The market’s on fire.'" "Things have calmed down – a little. 'The...

A report from Go Banking Rates. "Inventory hit an all-time low from about May 2020 through May 2021, said Jonathan Spears, a real estate agent based in Santa Rosa Beach, Florida. However, he said inventory began to slowly increase in June. 'Right now, we’re sitting at around two months of...

A weekend topic starting with the Washington Post. "After steadily growing for a decade and a half, the District of Columbia shrank this year by around 20,000 residents, or 2.9 percent. The sharp drop in the District’s population was no surprise to local real estate professionals. 'In moderate and...

A weekend topic starting with KTUV. "Like many homeowners across the country, Santa Claus has benefited from skyrocketing home values, according to Zillow — which values his sprawling North Pole property at more than $1 million. A searing hot housing market this year, fueled by ultra-low mortgage...

It's Friday desk clearing time for this blogger. "Househunting is shaping up to be easier in 2022. Inventory is bouncing back, demand is cooling, and prices are even falling for the most popular homes. Prices have fallen more dramatically on a seasonal basis. The price of the most common US home...

A report from the Erie Times-News. "November bought some relief for buyers as median sale prices fell 2.9% to $330,000, the largest monthly decline since the beginning of the pandemic, according to the November National Housing Report from Re/Max." The New York Post. "Leonardo DiCaprio’s former...

A report from the Bulletin in Connecticut. "Andrea Kazantzis, owner of Kazantzis Real Estate of Brooklyn, said there are still plenty of out-of-state buyers coming from New York, Massachusetts, and elsewhere to purchase homes for themselves or as investments. Kazantzis said part of this demand will...

A report from Mises.org. "This December’s Federal Open Market Committee (FOMC) meeting might be the last time we get to hear a Q&A session from Chair Powell this year. Said near the conclusion of the December meeting, on p.26 of the transcript reads: 'What I'm saying is there's a sense among...

A report from Mortgage Professional America. "'Bidding wars are still happening, but buyers are starting to get more breathing room,' said Jill Thompson, a Redfin agent in Indianapolis, where the bidding-war rate dropped to 36.8% in November from 73.6% in October. 'A few months ago, the typical...

A weekend topic starting with the Post Register on Idaho. "As more people visit Island Park each year and more homeowners are turning their properties into short-term rentals. (Island Park’s year-round population was 262 in the 2020 Census.) Tourism in the Greater Yellowstone Region has skyrocketed...

A weekend topic starting with the Long Beach Business Journal in California. "The Long Beach housing market appears to be cooling slightly from its pandemic peak—at least as far as pricing goes. But lenders say interest in home finance is still strong. 'We’re dealing with a lot of people who have...

It's Friday desk clearing time for this blogger. "Some sellers are still getting multiple offers, but not to the point where potential buyers are making offers far in excess of the asking price, said Carla Farley, Greater San Diego Association of Realtors president. 'You’re starting to see a little...

A report from Mortgage Orb. "For the fifth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae's Q4 2021 Mortgage Lender Sentiment Survey. 'Mortgage lenders’ profitability outlook has significantly weakened over the past several...

A report from Inside Nova in Virginia. "'Demand fell for each type of home in November,' Bright MLS analysts said. 'The higher-priced single-family segment posted the largest drop, but still recorded ‘Moderate’ demand.' Median home prices also were up, although November’s figure for Fairfax County...