A weekend topic starting with J. Bradford DeLong, Professor of Economics at the University of California at Berkeley. "The 2008 financial crisis and subsequent recession left the Global North 10% poorer than it otherwise would have been, based on 2005…
It's Friday desk clearing time for this blogger. "The housing market in Houston and across the country has been on a tear in recent years. Several recent reports from the government, analysts and real estate companies are starting to suggest…
A report from the Santa Cruz Sentinel in California. "The California housing market posted its largest annual sales decline since March 2014 in September, as home sales fell below the 400,000-level benchmark for the second consecutive month. This indicates that…
A report from the Detroit Free Press in Michigan. "Remember that too-hot-to-handle housing market in metro Detroit? The one where a nice, well-priced home in Ferndale could get three offers on the table in one day? Well, we're starting to…
A report from Mansion Global on Colorado. "The luxury real estate market in Aspen, Colorado, is coming off a poor third quarter. While prices dipped annually, they plummeted almost 20% on a quarterly basis, according to Douglas Elliman. In the…
A report from Bloomberg on New York. "If you want a discount on a Manhattan apartment, you’re in luck. You’ll find them in every neighborhood, with some of the deepest reductions in the priciest areas. 'There is a wave of…
A report from Pleasanton Weekly in California. "As of the end of September, the total number of homes listed for sale in Pleasanton since the beginning of the year was almost 10% more than the same period during 2017. This…
A report from Domain News on Australia. "A regulation-led slowdown saw the city’s median house price drop $76,616 in the year to September, the latest Domain House Price Report shows. Almost half of the drop was in the past quarter.…
A report from CNBC. "Builders warned of a slowdown in home sales. And they were right – except the numbers are even worse than expected. 'This number really sucked,' wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group, noting…
Some housing bubble news from Wall Street and Washington, MarketWatch. "Sales of newly-constructed homes swooned to the lowest since December 2016. September’s selling pace of 553,000 was 5.5% lower than in August, and 13.2% lower than a year ago. Sales…