The Housing Bubble Blog

Huge Gluts Of Overpriced Homes

Wed, 16 Aug 2017 16:02:03 +0000

A report from MarketWatch. “Housing starts ran at a 1.16 million seasonally adjusted annual rate, the Commerce Department said Wednesday. That’s 4.8% below June’s pace, and 5.6% lower compared to a year ago. It also missed the MarketWatch consensus forecast of a 1.23 million rate. ‘The economics of building, with fixed costs associated with permitting [...]

Everybody Thinks They Are Rich Priced Off The Top Bid

Tue, 15 Aug 2017 15:14:49 +0000

A report from the News Tribune in Washington. “What goes up will — eventually — come down, bubble or no bubble. A recent national survey by ValueInsured, which sells policies to guard against falling home values, put the spotlight on our red-hot housing market and the question, ‘Are we approaching a housing bubble?’ Washington topped [...]

The Cost Of Housing Is Too Much

Mon, 14 Aug 2017 19:31:13 +0000

A report from KTNV in Nevada. “Rob Maes recently moved to Las Vegas to pursue a new career. On Sunday, the 23-year-old purchased his very first home. ‘Definitely excited,’ he said, ‘it still kind of really hasn’t sunk in.’ Maes’s new home, in a gated community near Elkhorn Road and Durango Drive, was listed [...]

Building For Customers Who Don’t Exist

Sun, 13 Aug 2017 17:02:35 +0000

A report from Bloomberg on New York. “For Manhattan landlords, Christmas usually comes in July, a month when demand for apartments surges and rents go up. Not this year. Leasing costs in the borough dropped 1.9 percent from July 2016, the first decline for the month in at least five years, according to a report [...]

All Signs Pointing Toward Dollar Signs

Sat, 12 Aug 2017 15:49:58 +0000

A weekend topic on public perceptions, media coverage, and ramifications of a housing bubble. From Mortgage Professional America, “Americans are becoming increasingly concerned about the housing market with many expecting a price correction. The Modern Homebuyer Survey from ValueInsured reveals that 58% are expecting a housing bubble and price correction within the next two years, [...]

One Word That Comes Up More Than Any Other

Fri, 11 Aug 2017 14:03:00 +0000

It’s Friday desk clearing time for this blogger. “Changes in the mortgage industry are afoot, with the goal of loosening some of the strict standards established after the subprime crisis — rules some blame for impeding sales. Government-controlled mortgage giants Fannie Mae and Freddie Mac are paving the way by rolling out new programs to [...]

A Little Bit More Supply Than Demand

Thu, 10 Aug 2017 01:11:16 +0000

A report from the Denver Post in Colorado. “The Denver area’s apartment building frenzy will slow next year as demand for new high-end developments wanes and financing for new projects gets tighter, say economists and industry leaders. Those in the industry agree that Denver’s high-end apartment market is oversaturated. ‘The reality is that (the industry [...]

Clinging Like A Spurned Lover To The Old Market

Tue, 08 Aug 2017 11:42:37 +0000

A report from the Illawarra Mercury in Australia. “Unaffordable housing has surged to the top of the list of undecided voters’ concerns in western Sydney, according to new focus group research. And while the problem angered younger voters unable to buy a home, it also troubled an older generation who feared for their children’s future. [...]

The Neighborhood Has Changed

Mon, 07 Aug 2017 12:04:31 +0000

A report from Outside Online. “In the Mountain West—’God’s country, renter’s hell,’ as one alt-weekly tagged it—where towns are already chronically beset by housing shortages, traffic problems, and the invariable ambivalence about sharing one’s slice of heaven with the tourists who help sustain it, the entrance of Airbnbs and VRBOs and HomeAways has heightened the [...]

A Great Opportunity For Someone Burdened With Debt

Sun, 06 Aug 2017 14:03:06 +0000

A weekend topic starting with Mortgage News Daily. “Federal Housing Finance Agency Director Melvin L. Watt focused much of his speech to the National Association of Real Estate Brokers on its five-year goal of creating two million new Black homeowners. There were ‘The unsavory practices that set the stage for our homeownership rates to get [...]

The Market Was On A (Seemingly) Unstoppable Upswing

Sat, 05 Aug 2017 16:15:21 +0000

A weekend topic starting with Eurasian Review By Doug French. “Sin City’s projected 5,000 new apartment units for this year makes no noise nationally in the latest real estate craze. I’ve written before about the high-rise crane craze in Seattle, but that’s nothing compared to New York and Dallas, that are adding 27,000 and 25,000 [...]

Many Speculators Filled With Regret Right Now

Fri, 04 Aug 2017 15:59:12 +0000

It’s Friday desk clearing time for this blogger. “North Texas home prices have seen some of the biggest gains in the nation during the last few years. And homeowners who are sitting on top of billions of dollars of new equity are pulling some of it out of the house. ‘This past month, cash out [...]

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