The Housing Bubble Blog

It's Friday desk clearing time for this blogger. "Channing Tatum and Jenna Dewan have finally listed their Beverly Hills marital home for $6 million, setting themselves up to face a monetary loss. The former couple initially purchased the home back in 2015 for the same price they are now asking....

A report from NBC News. "It's a red-hot real estate market — so why are home sales plunging? 'Given the housing shortage and strong demand — there's nothing to suggest home prices will be falling,' National Association of Realtors chief economist Lawrence Yun said. 'We want to make sure that people...

A report from Reuters. "Federal Reserve Bank of Richmond President Thomas Barkin on Tuesday said surging home prices are being driven by a jump in demand and constrained supply but not by excess leverage, reducing the potential risk to the broad financial system should prices fall." "'I don't look...

A report from Yahoo Money. "FOMO is a powerful thing — sometimes powerful enough to spur a life-changing decision like buying a house, selling a property or refinancing a mortgage. Krystle Harvey, who refinanced twice in 2020, says FOMO was a key player in her decision — especially the second time...

A report from CNBC. "Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a 'wild West' mentality among investors. According to Shiller, current home price...

A weekend topic starting with ABC 15 in Arizona. "The intimidating home prices across the Valley are not scaring away buyers. In fact, many are emboldened by failed offers to be even more aggressive when approaching the next one. 'I feel like this is the American Dream, well it’s not that easy to...

A weekend topic starting with the Vancouver Sun. "'If we can find a bunch of billionaires from around the world to move here, that would be a godsend. Because that’s where the revenue comes to take care of everybody else.' — New York City Mayor Michael Bloomberg, 2013." "The torrent of foreign...

It's Friday desk clearing time for this blogger. "Bryant Vayhinger, president of the Colorado Association of Real Estate Appraisers, is not exactly popular these days. 'We're providing a service, but our service is to the banks. That's a misconception a lot of times is buyers think that we're...

A report from the Salt Lake Tribune. "Utah’s housing crisis may be more about shrinking paychecks than a shortage of homes. 'No matter where you go, there is a significant percentage of the population that are having housing insecurities due to housing not being affordable, even though there are a...

A report from the Wall Street Journal. "More than a year into the pandemic, high-rise office buildings are largely empty. About one of every two hotel rooms is unoccupied. Malls are struggling to attract shoppers. And yet by most measures, the U.S. commercial real-estate market is in remarkably...

A report from Boston 25 News in Massachusetts. "Despite this persistent rise in prices, UMass Boston economics professor Keren Horn, doesn’t believe this is a bubble. Horn has been looking at the types of transactions taking place. 'I really don’t think it’s driven by speculation or unreasonable...

A report from ABC News in Australia. "There is a construction boom taking place around the world, as governments look to build themselves out of the pandemic's economic woes. Master Builders chief executive Denita Wawn said the federal government's HomeBuilder Scheme had created a lot of work but...

A report from Bloomberg. "Landlords have struggled to attract tenants throughout a pandemic that's kept New Yorkers working from home. Apartment owners lowered rents and offered perks such as free months and gift cards - yet they still saw the number of empty units swell. Despite April's record...

A weekend topic starting with the Los Angeles Times. "The textbooks say that the securities markets exist to facilitate raising capital so that companies can thrive. In today’s investment world, that notion seems almost quaint. Business news pages and cable shows are dominated by fads — be it...

It's Friday desk clearing time for this blogger. "Stacy Levey, a real estate broker who primarily sells in Westchester County, New York, says the bidding wars this time around are different from boom times past. One of her clients paid $300,000 above asking on a house listed for $1.065 million....

A report from Mansion Global. "The New York City apartment of the late Broadway producer James M. Nederlander has closed for more than $11 million after selling at auction earlier this year. The sale closed about two weeks ago for $11.044 million, according to Whitney Didier of Douglas Elliman, who...

A report from the Financial Post in Canada. "Bill Morneau had been finance minister for only 36 days when he first attempted to do something about runaway housing prices and mortgage debt. He announced in December 2015 that the minimum downpayment for an insured mortgage would in two months rise to...

A report from Mansion Global. "Q: For those who don’t have context, where was the Greenwich market before the pandemic began in March 2020? Greenwich, Connecticut-based developer Steve Schacter: The market was fairly down, especially the high-end part of the market, with properties sitting. I know...

A report from the Real Deal on New York. "The Financial District’s condo supply has surged. And there are still few buyers in sight. The downtown district now holds the most unsold inventory of any New York City neighborhood, with 1,433 new condos available, many of them yet to be listed, according...

Part two of the weekend topic, starting with Intellinews on Russia. "Almost as soon as the double whammy of the coronavirus (COVID-19) pandemic and a concurrent collapse in oil prices hit Russia’s economy last March, the government reacted by introducing a mortgage subsidy programme that cut the...