The Housing Bubble Blog

These Shiny New Buildings Have Everything But Tenants

Mon, 23 Apr 2018 14:12:14 +0000

A report from the Beacon Hill Times in Massachusetts. “Plaguing the commercial and residential districts throughout the city, empty storefronts and vacant apartments are making it seem that Boston is experiencing market failure, despite the strong economy, real estate values and low unemployment rate. In an effort to reverse the trend, Councilor Matt O’Malley of [...]

The Result Of Excessive Exuberance And Relaxed Lending

Sun, 22 Apr 2018 15:55:48 +0000

A report from Drumheller Online in Canada. “With mixed national and provincial headines stating that the buyers market is not a place for new home owners, Don Rosgen with Century 21 in Drumheller said the local market is, in fact, a buyers market. ‘Right now, we’re in the buyers market. Normally we have(an amount of [...]

We’re Taking A Risk, But We’re Really Buying An Asset

Sat, 21 Apr 2018 14:43:38 +0000

A report from The Spectrum in Utah. “St. George-area housing prices keep climbing, interest rates are expected to jump again, and first-time homebuyers Giovanni and Jennifer Trumbo are feeling the pressure to buy while they can still afford it. The Trumbos, who are in their early 30s, are approaching their 10th wedding anniversary. Their second [...]

To Question Whether Prices Can Go Up Forever

Fri, 20 Apr 2018 14:44:25 +0000

It’s Friday desk clearing time for this blogger. “The Reno-Sparks Association of Realtors says a rise in cost of 2 ½ to 5 percent would be comfortable for the market. From last year to now, the median home price is up four times that, rising 20 percent. Median home prices have hit the $400,000 mark [...]

The Glut Has Indeed Come To Pass

Thu, 19 Apr 2018 13:32:59 +0000

A report from the Charlotte Agenda in North Carolina. “For nearly a decade, Charlotte’s high-end apartment market has boomed. Developers bought up land in the city’s hottest neighborhoods and built luxury communities, each one fancier than the last. Rent continued to climb, and each new building filled up with the crush of young professionals moving [...]

They Did It To Make More Money – No Longer A Good Idea

Wed, 18 Apr 2018 14:25:55 +0000

A report from Global News on Canada. “When we visited Ellisa Atherton’s living room in Ajax, Ont., in early March, it was crammed – wall to wall to wall to wall – with boxes. In the middle of the room, walled in by boxes, was the family’s Christmas tree – Atherton had put it up [...]

The Adjustment And Reset That’s Needed

Tue, 17 Apr 2018 15:49:19 +0000

A report from Real Estate Weekly on New York. “A new report is showing a pause in Manhattan’s new development market, but that isn’t deterring a stream of buildings entering the city in the next few months. Halstead’s vice president of research and analytics Matthew Petrallia said it will generate more accurate pricing in the [...]

Local Flippers Competing Against Wall Street Flippers

Mon, 16 Apr 2018 15:38:59 +0000

A report from MarketWatch. “The National Association of Home Builders’ monthly confidence gauge ticked down one point to a reading of 69 in April, the group said Monday. The closely-watched sentiment tracker from the home builder lobby group hit its highest point since 1999 in December, and has fallen every month since then. The [...]

Wiping Away The Near Frenzied Competition

Sun, 15 Apr 2018 16:32:14 +0000

A report from the Vancouver Courier in Canada. “As housing sales dropped to the lowest level in five years, Metro Vancouver new home starts have soared in the first quarter of the year, with starts in Vancouver alone more than twice as high as during the same period in 2017. There were 6,542 home sales [...]

The Great Adventures In Central Banking Bubble

Sat, 14 Apr 2018 15:12:49 +0000

A weekend topic starting with some comments from the past week. “Of course, this effort to broadly reflate house prices is no big secret (mostly - the Federal Reserve transcripts below from 2009 were released in 2015). And when all the central banks are playing from the same playbook, one sees a certain amount of [...]

A Scarcity Of Buyers Amid A Mountain Of Unsold Homes

Fri, 13 Apr 2018 15:58:52 +0000

It’s Friday desk clearing time for this blogger. “In Houston’s housing market, the Harvey effect is wearing off. Home sales fell in March for the first time since last year’s hurricane, a new report shows. Bernie Otten, whose house took on about four inches of water during Harvey, thought about selling and leaving the neighborhood [...]

The Real Estate Equivalent Of Car Crash Scenes

Thu, 12 Apr 2018 14:26:49 +0000

A report from Bloomberg on Canada. “Toronto’s housing market has seen a stunning slowdown in the past year. Now one brokerage has cataloged the damage for 988 homeowners who got caught in the eye of the hurricane. In the space of four months last year, the homeowners lost a collective $135 million as the median [...]

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