The Housing Bubble Blog

The Only Answer That Is Ever Provided

Mon, 24 Jul 2017 15:32:25 +0000

A report from the Press-Telegram in California. “Apartment buildings are a hot commodity in Southern California these days, with transactions tripling since the recession and sale prices steadily climbing. With higher prices come lower returns. To offset that, investors are looking for buildings with a significant upside — called a ‘value add’ in industry parlance. [...]

Sellers Are No Longer Anchored To Irrelevant Pricing

Sun, 23 Jul 2017 17:07:27 +0000

A report from Realtor.com on California. “Stephen Curry isn’t used to losing—at least, on a basketball court. But in the realm of real estate, this Golden State Warriors point guard proved that not all he touches turns to gold when he recently sold his home in Walnut Creek, CA, at a loss. In November 2015, [...]

A Glut Few Can Afford

Sat, 22 Jul 2017 15:44:47 +0000

A weekend topic starting with CNBC. “If the speculation bears out and the White House’s chief economic advisor, Gary Cohn, a Goldman Sachs alum, were to become the next Federal Reserve chairman, the Trump administration would be gaining a steady hand at the central bank, but perhaps losing support from one of Wall Street’s most [...]

So How Is It A Buyers Market?

Fri, 21 Jul 2017 16:29:32 +0000

It’s Friday desk clearing time for this blogger. “Barbara L. Pearce, president of the North Haven-based real estate firm Pearce Co., said the oversupply of luxury-priced homes in Fairfield County has a negative impact on similarly priced homes in the New Haven area. ‘It’s hard to predict which homes are priced well and will go [...]

Few Realized Just How Big The Gulf Is Getting

Thu, 20 Jul 2017 16:18:57 +0000

A report from the Arizona Republic. “The Valley needs a lot more apartments to keep up with its expected growth, according to a new study. Anyone who has been around downtown Phoenix, Scottsdale or Tempe, where thousands of apartments have recently gone up or are under construction, will probably find this hard to believe. I [...]

Prices Down And Crickets Echoing Through Open Houses

Wed, 19 Jul 2017 12:58:51 +0000

A report from Bloomberg on Canada. “Canada’s hottest housing market is definitely cooling down. Total home sales in Greater Toronto dropped to 5,977 in June, the lowest level since 2010 and down 15.1 percent from the month prior, data from the Canadian Real Estate Association show. Average prices are down 14.2 percent since March — [...]

A Reason As Simple As The Law Of Gravity

Mon, 17 Jul 2017 18:01:46 +0000

A report from National Real Estate Investor. “Earlier this year it seemed like student housing properties were immune from the slowdown in investment sales. Sales for other property types had slowed dramatically compared to 2016. But the volume of single-asset student housing properties bought and sold in the first months of 2017 matched the beginning [...]

Memo To The Fed: Please Stop Helping

Sun, 16 Jul 2017 13:22:48 +0000

A topic around some articles and comments recently. I posted this Thursday: “Since 2000, Alexandria has lost 90 percent of its affordable housing. There are now fewer than 2,000 affordable apartments.” “According to new research by Harvard University, almost 40 million Americans cannot afford to pay for housing. Since most of the new units being built [...]

The Market Has Moderated From Unsustainable Increases

Sat, 15 Jul 2017 15:21:54 +0000

A weekend topic on where we are starting with the Press Telegram in California. “For 62 straight months, Southern California home prices have gone in one direction. Up. Five years ago, you could snatch up a median-priced condo in Orange and Los Angeles counties for about $280,000, 76 percent less than today’s prices. A median-priced [...]

A Financial Precarity Hiding Behind Glossy Aspirations

Fri, 14 Jul 2017 15:16:10 +0000

It’s Friday desk clearing time for this blogger. “If you haven’t looked lately, you may not have noticed he real estate market in Franklin and Gulf counties is on the rebound. Gloria Salinard, director of the Realtors Association of Franklin and Gulf Counties, said the picture seems to include a growing number of fulltime residents, [...]

It Is Quite Possible To Overbuild

Thu, 13 Jul 2017 16:45:20 +0000

A report from Boise Weekly in Idaho. “Currently in Boise it is good to be a landlord, and great to be a developer: There are more than a dozen new or in-development housing units in the downtown core alone. More than 1,300 units have been recently completed or are under construction. JPM owner/manager Don Johnson [...]

Exuberance Infers Frivolity

Wed, 12 Jul 2017 17:00:58 +0000

A report from King 5. “San Francisco, one of the nation’s hottest real estate markets is becoming one of the coolest, and that’s concerning some experts who wonder if that trend could spread to cities like Seattle. The Bay Area is seeing many buyers no longer interested in chasing overly inflated home prices. Jon Bye, [...]

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