Category Archives: Housing Bubble

Sales down, prices up..

From Redfin: Home Sales Fell 6% in August, the First Annual Decline in 15 Months However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market. The median price … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 79 Comments

Boom or bubble

From CNBC: Here’s why experts believe the U.S. is in a housing boom and not a bubble The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record … Continue reading

Posted in Housing Bubble, National Real Estate, New Development | 381 Comments

Bubflation?

From CNBC: Soaring home prices shattered another record in June, S&P Case-Shiller says Home prices rose 18.6% annually in June, up from the 16.8% increase in May, according to the S&P CoreLogic Case-Shiller national home price index. That is the … Continue reading

Posted in Housing Bubble, National Real Estate | 265 Comments

Cool? Or prelude to Crash?

From CNN: The US housing market is starting to cool off — a bit The housing market is showing signs of cooling off.Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were up 2% in July from the … Continue reading

Posted in Housing Bubble, National Real Estate | 47 Comments

It’s just not possible here

From Bloomberg: Zero-Down Mortgages Stoke U.S. Subprime-Like Fears in Canada They’re the kind of exotic mortgages that one typically associates with the reckless, go-go housing market that gripped the U.S., circa 2005: Put down 5% cash and get 3% back; … Continue reading

Posted in Housing Bubble, Risky Lending | 377 Comments

August Case Shiller

From CNBC: Home price gains heat up in August but slow in major markets, S&P Case-Shiller index says Home prices are heating up again on a national level, but some of the largest cities are lagging. That may be due … Continue reading

Posted in Demographics, Economics, Housing Bubble, Housing Recovery, National Real Estate | 65 Comments

Mortgage company CEO wants tax break so he can write more mortgages

From Marketwatch: Opinion: This tax break for first-time home buyers could keep the housing market afloat It’s not easy being a home buyer these days. U.S. home prices are high, housing inventory is low, and consumer sentiment is wobbling. A federal … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, Mortgages, National Real Estate | 101 Comments

Not time to drop?

From HousingWire: CoreLogic says U.S. home-price gains will accelerate through 2020 CoreLogic Chief Economist Frank Nothaft said the pace of home-price gains will quicken over the next 12 months as low mortgage rates give buyers the ability to pay more … Continue reading

Posted in Economics, Employment, Housing Bubble, National Real Estate | 81 Comments

Not so good in NYC

From the very rarely cited Fox News: NYC housing prices in near ‘free fall,’ conditions mirror recession era following tax hikes The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing … Continue reading

Posted in Economics, Housing Bubble, NYC | 167 Comments

Leading Indicator?

From Forbes: The California Real Estate Boom Is Over. What Now? If you had invested in a property in San Francisco five years ago and cashed out in 2019, you would have made a 50% profit, never mind the rental … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 150 Comments

June Case Shiller

From Inman: Home price gains continue to slow down in June: Case-Shiller Annual home price gains continued to slow in June, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, released Tuesday. Home prices, on average, achieved an … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 58 Comments

Insanity

From HousingWire: Appraisals may soon not be required on certain home sales of $400,000 and under Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase … Continue reading

Posted in Economics, Foreclosures, Housing Bubble, Mortgages, National Real Estate | 44 Comments

Don’t Fear The Reaper (or maybe you should)

From CNBC: More signs point to a softer housing market, even as mortgage rates fall Homebuilders and buyers alike are pulling back, even as mortgage rates fall to multiyear lows. The housing market is simply too pricey, and consumers are … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 39 Comments

Home prices pick up speed

From HousingWire: Annual home-price growth reverses course, finally rises After 14 months of slowing home-price gains, the pace of growth finally picked up speed in May, increasing by 3.6% on an annual basis, according to the latest from CoreLogic. And, it … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 32 Comments

The first cracks?

From Curbed: SF home prices drop, still unaffordable for all On Thursday, Orange County-based data firm Core Logic reported that the median home price in San Francisco is down year over year, dropping four percent in May. Earlier this year, … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 31 Comments