The Housing Bubble Blog

It’s A Long Time Coming

Mon, 26 Jun 2017 22:01:14 +0000

A report from D Magazine in Texas. “‘Everyone’s talking about real estate right now,’ says Brady Moore, the founder of Laguna Residential, a realty firm that represents buyers and sellers of high-end properties in central Dallas. ‘This market has been so extraordinary that you can’t go to any kind of social event where someone isn’t [...]

A Disappointing Price Might Be A Great Escape

Mon, 26 Jun 2017 12:16:47 +0000

A report from the Financial Post in Canada. “Internal mid-month statistics for June from the Toronto Real Estate Board show average prices in the Greater Toronto Area shed almost 6.4 per cent in just two weeks with sales down about 50 per cent from a year ago. The average home sold for $808,847 from June [...]

A Lemming Effect

Sun, 25 Jun 2017 14:19:31 +0000

A report from the Denver Post in Colorado. “Resort-style outdoor pools with cabanas. Yoga studios with on-demand classes. Bicycle repair stations and dog spas. Movie theaters and game rooms. Amenities like these have all but come to be expected when a new apartment building opens in Denver. Some real estate experts warn that developers are [...]

Lost In A Keynesian Puzzle Palace

Sat, 24 Jun 2017 14:30:34 +0000

A weekend topic starting with Bloomberg. “Robert Litan and Ian Hathaway, writing in Harvard Business Review, surmised that many American entrepreneurs are no longer looking for ways to produce more useful stuff, and are instead looking for new techniques for extracting money from each other and from the government. In other words, crony capitalism may [...]

People Knew It Wouldn’t Last Forever

Fri, 23 Jun 2017 14:51:40 +0000

It’s Friday desk clearing time for this blogger. “A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint calls for raising tens of billions of dollars in capital for the [...]

Everyone Talks About Oversupply

Thu, 22 Jun 2017 15:44:30 +0000

A report from the Charlotte Observer in North Carolina. “Tenants are signing leases for three new uptown apartment towers, the latest in a wave that’s flooding the market with luxury units commanding the highest rents in the city. The avalanche of apartments means developers need to find renters for hundreds of freshly built units, a [...]

How Communities Became Commodities

Wed, 21 Jun 2017 11:47:47 +0000

A report from Bloomberg on Brazil. “Brazilian banks are wrestling with a growing pile of assets they’d rather not own: at least 13.8 billion reais ($4.2 billion) of cars, real estate, equipment and other collateral seized when borrowers defaulted on their loans. The total surged 42 percent in the first quarter from a year earlier [...]

Waiting For The Rescue Boat

Tue, 20 Jun 2017 13:49:42 +0000

A report from Bizwest on Colorado. “In the Boulder Valley, we are beginning to see the two largest residential market segments (in terms of price) act as two different market with two different sets of rules. On one hand, we have what I’ll call the ‘Upper Market,’ which I’m defining as homes priced at $1 [...]

Thinking Of It As A Gold Mine

Mon, 19 Jun 2017 13:43:40 +0000

A report from the St Catharines Standard in Canada. “After more than a year of soaring real estate values in Niagara, ‘the feeding frenzy is slowing down,’ says St. Catharines realtor Randy Mulder. Although the region’s real estate market has yet to be hit as hard as the GTA, he said the impact of measures [...]

It Was A Pretty Good Story About A Lack Of Supply

Sun, 18 Jun 2017 13:23:42 +0000

A report from the South Bend Tribune. “The sun beat down on a recent weekday as crews worked to level 29 acres of land for The Reserve, a new 390-unit luxury apartment complex. Watermark Residential, a developer out of Indianapolis, announced the project in September, when it filed to annex the property into the city [...]

Moral Hazard, Easy Money And Cheap Credit

Sat, 17 Jun 2017 12:25:24 +0000

A weekend topic starting with the Star Tribune. “Prices for houses are generally back to where they were during the housing bubble that preceded the financial crisis a decade ago. What’s worse, flipping is back. That is the speculative practice of buying houses hoping to quickly sell for a gain. One report this spring said [...]

What Was Happening Before The Recession

Fri, 16 Jun 2017 14:44:12 +0000

It’s Friday desk clearing time for this blogger. “A new report from RealtyAustin shows for the first time ever, the average price for single family homes in the Austin area is nearly $400,000, up 9.6 percent from May 2016. After a long search first time home buyer Caitlin Intrator remains optimistic. ‘I do think the [...]

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