A report from the Record Eagle in Michigan. "Andrew Dodson and his wife were able to secure a home near downtown Traverse City before the housing bubble expanded after the new year. Still, Andrew said their new home cost about…
A report from KBTX in Texas. "Sales are booming in the Brazos Valley. Laura Walker’s been in the market since mid-May looking at homes for her parents. They’re retired and looking to move from North Carolina. 'I kind of had…
A report from the Idaho Press. "In Ada County in 2016, there were 38 homes sold for $1 million or more. In 2020, that number was up to 314. There have already been 362 million-dollar homes sold in 2021, as…
A weekend topic starting with the New York Times. "'It’s making me nervous that you’ve got this incipient housing bubble, with anecdotal reports backed up by a lot of the data,' James Bullard, the president of the Federal Reserve Bank…
It's Friday desk clearing time for this blogger. "The red-hot Houston housing market, which experienced a record-breaking run starting in the second half of 2020, has begun to cool, according to the Houston Association of Realtors. The volume of home…
A report from Mortgage Professional America. "Potential home buyers are being edged out of the house market because of high property prices, mortgage brokers have told MPA. Figures show that new home sales fell to the lowest level in more…
A report from the Sioux Falls Argus Leader in South Dakota. "It’s a bit like Black Friday, but for homes instead of 72-inch TVs. Home buying is so competitive now that anyone looking has to plan ahead, down to their…
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…
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…
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…