The Housing Bubble Blog

A report from CNBC. "The inventory of new homes for sale jumped from a 5.5-month supply in May to a 6.3-month supply in June. In June, the number of homes for sale that had not yet been started hit an all-time high." From Barron's. "Sales of new homes in the United States dropped for a third...

A report from Politico. "House prices are surging, stocks have continued their stratospheric rise, and banks have more cash than they know what to do with. Yet the Fed is still pumping billions into the economy. Why? That’s what a growing number of lawmakers, investors and even some Fed officials...

A weekend topic starting with the Journal Record. "Today we dive deeper to better understand the anatomy of a bubble. In Poor Charlie’s Almanack, discussing the need for more reconciliation of psychology and economics, Mr. Charlie Munger cited a study by Colin Camerer of Caltech. In the study,...

A report from Seattle Met in Washington. "Who: Kim Colaprete, managing broker withTeam Diva Real Estate of Coldwell Banker Bain. Years in the business: 22. I sold something in 2016, what seemed like a pretty modest house in Bitter Lake, and we had 25 offers. I was just like, I don’t know why people...

It's Friday desk clearing time for this blogger. "The number of new home purchases has certainly slowed amid the construction industry's struggles, though it’s not impossible for buyers to find a new home to purchase. In many cases, homebuilders have simply had to slow their timelines and cut down...

A report from Bisnow. "WeWork has washed its hands of WeLive, the co-living brand it launched a half-decade ago with grand aspirations. Around the time of the two openings, WeWork was telling investors that by 2018, it projected WeLive would grow to a 10.4M SF portfolio housing 34,000 residents and...

A report from KDVR on Colorado. "The red-hot real estate market in Denver may be cooling off just a bit. New data shows there is more inventory available and the houses may not sell as quickly as they did in the spring. Miranda Streit said her six-bedroom house in southeast Aurora listed on Friday...

A report from the Dallas Business Journal in Texas. "Real estate agents and others in the residential business say they have seen DFW transition over the last couple of months from a completely insane housing market to what's still a red-hot market, but more manageable. The Dallas Business Journal...

A report from The Paper in New Mexico. "Driven by historically low-interest rates and limited inventory, the report shows that the price for median detached homes in Albuquerque rose 25.8 percent when compared to June 2020, and reached an all-time high of $305,000. 'I have been blown away with how...

A report from Spectrum News on Massachusetts. "While a monthly payment for the typical home is still more than $100 higher this week than a year ago, George Bosnakis, executive vice president at Drew Mortgage in Shrewsbury, says low interest rates give people more wiggle room. 'You can actually...

A weekend topic starting with KIRO in Washington. "Seattle police and fire investigators are searching for a known arson suspect who they believe intentionally started a fire which destroyed an abandoned housing complex in the 5200 block of University Way NE. Squatting, burglary and property crimes...

It's Friday desk clearing time for this blogger. "In North Texas at least, the chief economist at redfin sees evidence of the market cooling off — at least a little. 'We're already seeing price drops happen. I think sellers have gotten a little bit over-eager with how much they are listing their...

A report from WFMY in North Carolina. "'It's like Wal-Mart on Black Friday and TVs are on sale and we're all waiting at the door to get in. That is the housing market right now,' said Ashauna Harris, owner of Empire Realty Group." From Mass Live. "Redfin found the number of homes newly listed for...

A report from Spectrum News on California. "Saving and budgeting might be the best approach for aspiring home owners in LA County, where the average house costs over $700,000. Richard Green, director and chair of the USC Lusk Center for Real Estate, said prices are skyrocketing without signs of...

A report from CNN Business. "Buying a home of her own became a priority for Kelly Robinson during the pandemic, as she began to feel cramped in her Indianapolis apartment.Robinson set a budget for $250,000. But in her market -- the suburb of Greenwood -- homes began selling within days, with as...

A report from Fox Business. "The U.S. Department of Veterans Affairs (VA). The VA has said it backed a record breaking 1.2 million loans in 2020, and a new study suggests it's already on pace to break that record again in 2021. VA refinancing loans were up 76% in the first half of 2021 compared to...

A report from Axios on Iowa. "Des Moines residents have spent the last year talking about our frenetic housing market, but there are early signs that some equilibrium is on its way. Zillow now shows a number of houses in Des Moines marked with 'reduced price.' The city is seeing increased inventory...

A weekend topic starting with Better Dwelling. "Canada’s central bank has had researchers quietly studying bubbles overseas. The study, Bubbles, Crashes and Information Contagion In Large-Group Asset Market Experiments, appeared in the June issue of Experimental Economics. The researchers found...

It's Friday desk clearing time for this blogger. "After months of mayhem in the real estate market, data shows homebuyers may finally be taking a breather, with real estate agents reporting slowdown in showings and bidding wars. Kyle Hioki said he paid near asking price for his two-bedroom house...

A report from the Globe and Mail. "It’s a troubling question that has been echoing through the condo towers in Canada’s largest cities for the past two weeks: Could the disaster in suburban Miami happen here? Existing Canadian condo rules have significant gaps, which have been further exposed by...