The Housing Bubble Blog

A report from the Wichita Eagle in Kansas. "A new study identifies Wichita as one of the most rapidly cooling housing markets in the country. The median listing price for a Wichita home actually fell by 7.28% from summer 2020 to summer 2021. Wichita ranks fifth among U.S. housing markets that have...

A weekend topic starting with GM Today in Wisconsin. "While prices and competition amongst buyers are still being driven by the low-supply, high demand market, the intensity of that competition is starting to ebb just a bit, at least across Waukesha, Racine, Ozaukee, Kenosha, Walworth, and...

It's Friday desk clearing time for this blogger. "'This continued demand for homes is enticing more homeowners to sell in order to avoid the fear of missing out on historically high prices,' said Redfin Chief Economist Daryl Fairweather. Redfin reported that the share of home sellers dropping their...

A report from the Ritz Herald. "More home sellers have started slashing their prices—another sign of softening seasonal homebuyer demand. 'The housing market has clearly become slightly more favorable to buyers,' said Redfin Chief Economist Daryl Fairweather. 'Homes are taking longer to sell, which...

A report from My Fox 8 in North Carolina. "The market was so competitive, Joel and his wife, Fayla, started putting in bids without putting their eyes on the houses. 'It was insane. ‘We were putting in offers on houses we didn’t even want,' they added. Eventually, the Zaldivars prevailed, finding a...

A report from the New Hampshire Bulletin. "There are some signs that the mania may be starting to diminish, housing experts say. There are little signs that the market could be nearing a turning point. The average number of days that house listings are active has ticked up slightly, as has the...

A report from the Idaho Press. "The rising prices meant Boise’s relative affordability to outsiders dwindled. 'At some point, though, prices can't increase over 30% per year,' said Julene Webb, Real Estate Consultant with Group One Sotheby’s International Realty. 'That can't continue for 10 years....

A report from the Newark Advocate in Ohio. "In June, the average sale price of a Licking County home was $310,437. In June of 2020, home sales averaged $250,453. Since the average sale price dropped from $310,437 in June, to 279,347 in July, does that mean the housing bubble has burst and prices...

A weekend topic starting with Fox Business. "St. Louis Federal Reserve President James Bullard agrees with Powell that it’s time to start reducing its $120 billion monthly purchases of Treasury and mortgage-backed securities. 'At this point, I'm not sure these purchases are really doing anything...

It's Friday desk clearing time for this blogger. "'I don't see a crash in prices coming, but I do see that our prices could level out in the coming months,' says Jena Turner, owner of Houston's Found Realty. 'I see that happening as inventory increases, and as buyer demand may slow down, honestly...

A report from the Atlanta Journal Consitution in Georgia. "The metro Atlanta housing market clicked into balance in July: Supply met demand and home prices stopped their rapid rise. About 12,300 homes were listed for sale last month. In the city of Atlanta, home prices are up 20% from a year ago,...

A report from the Denver Channel in Colorado. "Denver's red hot housing market is finally beginning to balance out. 'It’s still a seller’s market,' said realtor Joy Dysart. 'We’re not seeing quite as many showings. I would say that the feeding frenzy has certainly calmed down. If houses aren’t...

A report from KTSP in Minnesota. "The housing market has been red-hot during the pandemic, but it could be cooling off. Existing U.S. homes sales rose 2% in July. For comparison, sales in June jumped about 23% from a year earlier. Another sign the housing market is cooling off: First-time...

A report from Motley Fool. "Redfin said that 'demand for second homes fell 21% year over year in July, the second consecutive month of annual declines in mortgage-purchase locks.'" From Reston Now in Virginia. "Sure, a lot of homes in this area are going for over asking price, but that doesn’t mean...

A report from For Construction Pros. "July’s drop in U.S. housing starts outstripped forecast declines as consumer sentiment toward financed purchases faded to the lowest level since 2011. 'There is no question that home building has hit some sort of near-term ceiling, with surging home prices...

A weekend topic starting with the Star Tribune in Minnesota. "Why does Duluth have a housing shortage if the population is barely growing? 'I don't necessarily accept the narrative that Duluth isn't growing given all the complex factors,' said Noah Hobbs, lending director with One Roof Community...

It's Friday desk clearing time for this blogger. "Median selling prices in July declined 10% from June’s record high of $812,000 for a single-family home. Multiple offers are also down, as well as the number of bidding wars, according to the report. Greater Boston Association of Realtors President...

A report from Banker and Tradesman in Massachusetts. "Single-family buyers could be in store for a reprieve from the frenzied pace of price appreciation in recent years, as the number of homes for sale slid upwards slightly, to 5,518 statewide. That was in part thanks to 6,340 new single-family...

A report from Yahoo. "If you're looking to do major upgrades or are in the middle of one with a contractor, you might want to see if you can re-negotiate the cost of materials. Gregory Kyler, a Chicago-based licensed general contractor, says that he and his team re-priced construction on a new home...

A report from Realtor.com. "The past year has been the stuff of home sellers’ dreams. It seemed they could put whatever price tag they wished on their properties and buyers would still line up around the block, many with all-cash offers in hand. Up and up, was there any limit to how far they could...