The Housing Bubble Blog

A report from Spectrum News on North Carolina. "Realtors in the Triangle say an inventory crisis is making the market frustrating for buyers but a great time for people looking to sell. 'We know it sounds crazy to offer what we ask people to offer or to do some of things we ask them to do, and …...

A report from Toronto Storeys in Canada. "While Canadian real estate prices fell slightly in May — down 1.1% from April to an average of a little over $688,000 — Canada’s housing market is still flashing red warning signs that haven’t been seen since the lead up to the 2008 financial crisis....

A report from the Real Deal. "Theresa Battle’s first thought each morning is whether today is the day she’ll lose her two-story house in Jamaica, Queens, to foreclosure. Battle runs a daycare center out of the property. Like millions of Americans, she was unable to keep up with her mortgage...

A report from KRON in California. "Homes have sold for over $1 million over asking price. In the Bay Area, this was the case for a house in Mountain View which sold for about $5.5 million within days of posting. There was also a house in Berkeley that sold for $1 million over asking, after...

A weekend topic starting with Forbes on New York. "A glut of continues to plague property owners, who are beginning to relist apartments they had held off the market due to low prices. In the short term, and in select areas, that still presents renters with the upper hand. 'With over 20,000...

A weekend topic starting with Cayman Compass. "More than a year ago, during the midst of a coronavirus lockdown, hardly anyone predicted that property prices in Cayman would continue to rise. For the construction and real estate industry, forecasts turned out to be entirely incorrect. In fact,...

It's Friday desk clearing time for this blogger. "The Acadiana real estate market could be leveling out after months of runaway activity for months. Home sales dipped in Lafayette Parish and in the region last month, typically a busier month for home buyers, after months of unprecedented growth,...

A report from Fox 13 News in Florida. "Home values throughout the Tampa Bay area are increasing by the day. Real estate agent Vincent Arcuri says around 90% of homes are selling over the asking price. 'It's at a frenzy like I’ve never seen before in 30 years!' Arcuri told FOX 13 News. Arcuri said...

A report from the Concord Monitor in New Hampshire. "When it comes to real estate, Rick and Jenn Kelly benefit from their entrepreneurial spirit, hard-work ethic and ability to spot diamonds in the rough – plus their capacity to seize them before anyone else. For the Kellys and others, fixer-uppers...

A report from the San Francisco Chronicle in California. "San Francisco’s pandemic-battered condo market bounced back with a vengeance this spring, scoring its busiest three-month period in at least 16 years as vaccinated buyers rushed back into the city to take advantage of pricing that is still...

A report from King 5 in Washington. "A group of Seattle landlords are speaking out against extending the eviction moratorium and other policies designed at protecting renters. Charlotte Thistle, who owns one rental property, argues these policies don't protect small landlords who only own a few...

A weekend topic starting with Toronto Life. "Alexander Evans, a 39-year-old real estate agent, bought an $869,000 one-bedroom-plus den at Richmond and Bathurst in December—and saved more than $60,000 in fees and taxes. 'In August 2020, I helped a client buy a condo in a building at Richmond and...

A weekend topic starting with ABC 7. "Those who know the market say this is not a bubble, it's a boom, accelerated by the pandemic. Even though the market is slowing down a bit, the numbers are still astronomical. Some houses in the region are literally being sold within days, in some cases, just...

It's Friday desk clearing time for this blogger. "Realtors Jera Banks and Adam Bailey said virtually every part of the Phoenix area is seeing the high demand. This demand is something we have never seen before, according to experts. But the Valley did see similar demand in the early 2000s. During...

A report from Surf Santa Monica in California. "It is the second year in a row that Santa Monica's 90402 is ranked as the third-priciest zip in the nation, although the median price was 10 percent below 2019's pricing levels, according to Property Shark. The price drop allowed Beverly Hills’ 90210...

A report from the Beacon Online in Florida. "Volusia County’s overall property values and the tax base have reached new record highs. The real estate market and the tax base are rising, despite the coronavirus pandemic. 'Hotels were hurt. Restaurants were hurt. Places were forcibly closed,'...

A report from Fox 5 Vegas in Nevada. "Assembly Bill 486 would pick up where the state eviction moratorium leaves off when it expires at the same time midnight. If signed, Nevada property owners temporarily won't be allowed to evict tenants in court for not paying rent if it can be shown they've...

A report from the Times of San Diego in California. "Jason Elliott, Newsom’s top advisor on housing and homelessness, was joined on the virtual panel, by Jennifer Svec, legislative advocate for the California Association of Realtors, Assemblymember Buffy Wicks, a Democrat from the East Bay; and...

A weekend topic starting with the Laguna Beach Independent in California. "A court-appointed receiver reported Friday that debts are racking up at real estate developer Mohammad Honarkar’s portfolio of 18 hospitality and event properties in Laguna Beach, according to court records. Honarkar’s...

A weekend topic starting with WFAA in Texas. "In the last 12 months, realtors have seen some home values go up 50% in certain areas — almost 10 to 15 times the normal rate. Dallas realtor Courtney Michalek told WFAA that she lost a bidding war for a home on the battlefield of North Texas' lucrative...