The Housing Bubble Blog

A report from Forbes on New York. "The former Manhattan pied-à-terre of late theatrical producer James Nederlander, listed for $27.5 million in 2019, will be auctioned off later this week with no reserve. The auction of #10 at 838 Fifth Ave., a condominium right by Central Park, will take place on...

A report from the Bay Area Newsgroup in California. "A federal court has authorized a receiver to seize control of the properties and operations of bankrupt Bay Area developer Sanjeev Acharya and his real estate firm, which are the focus of a wide-ranging fraud case launched by securities...

A weekend topic on media and financial manias starting with the Wall Street Journal. "Now 15 years old, Zillow has long been at the forefront of real estate’s digital transformation. Its recent moves, including its shift into iBuying and its acquisition of virtual home touring company ShowingTime,...

It's Friday desk clearing time for this blogger. "Stella Guan's offer on a 'beautiful' Santa Clarita house was accepted in August. She paid roughly $600,000 for the house. But after sleeping there for only a few nights, she had an unfortunate realization. 'I was like 'uh oh, I hate this house,' she...

A report from Yahoo Entertainment. "Kameron Westcott recently said goodbye to her pink-filled mansion to move into a different gorgeous abode — but the process was far from simple, as we learned on The Real Housewives of Dallas' February 9 episode. 'We built this house 10 years ago for 4.7 [million...

A report from Mansion Global on New York. "Last week, 30 high-end contracts asking $4 million or more entered into contract in Manhattan, according to Olshan Realty. The strong totals in the last two weeks 'continued a trend that started after the November election—a cocktail stirred with...

A report from the Real Deal on Florida. "Former hedge fund manager Jim Pulaski bought a unit at Apogee in South Beach after selling his waterfront North Bay Road mansion. Property records show G Sofi Investments LLC, sold the four-bedroom, 4,154-square-foot at 800 South Pointe Drive for $12.2...

A report from The City on New York. "In 2019, Clarence Hamer bought a house and moved to upstate Harriman, turning the two-family home he had owned in Brownsville since 2007 into an investment property. His plan blew up when the tenant who had moved into the unit he formerly occupied stopped paying...

A report from USA Today. "Talk of a housing bubble is now common among analysts. Agent Stacie Lee says whenever something goes on the market in Phoenix, the showings are usually back-to-back and closing comes within a matter of days. Lee added that she had 70 people show up for an open house over...

A report from Fortune Magazine. "Floor-to-ceiling, the interior of Tattooed Mom is covered in graffiti. The bar, which has been open for 23 years on South Street in Philadelphia, doesn’t stop its hipster patrons from getting crafty. But Tattooed Mom has problems that can’t be painted over. It’s...

It's Friday desk clearing time for this blogger. "A moratorium on evictions is forcing small landlords on Long Island to run up credit card balances, take out loans and default on their own bills. 'They keep extending the court date, keep extending the court date. You know what?' said landlord Syed...

A report from News.com.au. "Living at 432 Park Avenue in New York – one of the wealthiest addresses in one of the tallest residential buildings in the world – should be the epitome of luxury. But residents who have paid up to $US88 million ($115 million) for an apartment in the building are up in...

A report from Mortgage Professional America. "Odeta Kushi, deputy chief economist at First American, looked at 50 housing markets across America. In all but two of those markets (San Jose and San Francisco), owning made more sense than renting. For mortgage professionals looking to communicate this...

A report from Auction.com. "The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to the Auction.com Market Validation Program (MVP) for pre-foreclosure...

A report from Bolly Inside. "Flexible workspace provider Knotel has filed for bankruptcy and has announced plans to sell its business to listed real estate services company Newmark, the company said on Sunday. The pandemic has punished several workspace companies. In December, Serendipity Labs...

A report from the Real Deal on Florida. "The co-managing partner of a private equity firm sold his oceanfront condo in The Four Seasons Residences at the Surf Club at a loss, for $12.4 million. Property records show Thompson Dean purchased the condo from the developer in 2017, the same year the...

A weekend topic starting with Fox Business. "Federal Reserve Chairman Jerome Powell downplayed significant price increases in the U.S. housing market, despite noting that activity in the sector is at its highest level since before the global financial crisis. Powell said there has been a 'very...

It's Friday desk clearing time for this blogger. "Sidney Kimmel just sold his lavish Manhattan condo for about $20 million. Kimmel was original asking $39.5 million for the home in December 2018. Kimmel and his wife bought the apartment in 2001 for $22.3 million, and commissioned architect Thierry...

A report from the Inlander in Washington. "A decade after the depths of the Great Recession, another potential housing crisis is brewing: State and federal governments have issued eviction moratoriums, preventing landlords from booting tenants who aren't paying their rents. 'We've had a number of...

A report from the Chicago Tribune in Illinois. "Former Chicago Bulls forward Jabari Parker has become a motivated seller of his three-bedroom town home in the Fulton River District, cutting his asking price by $210,000 — nearly 10% — to $1.99 million, which he first listed in March 2019 for $2.55...