Category Archives: Housing Bubble

New Record – New Bubble?

From the WSJ: U.S. Home Prices Climbed Sharply in October Home prices went up sharply in October, as the market showed no signs of slowing after setting a record a month earlier. The S&P CoreLogic Case-Shiller Indices, which covers the … Continue reading

Posted in Housing Bubble, National Real Estate | 14 Comments

What bust?

What now, shut down the blog? From the WSJ: Home Prices Recover Ground Lost During Bust U.S. home prices have climbed back above the record reached more than a decade ago, bringing to a close the worst period for the … Continue reading

Posted in Housing Bubble, Housing Recovery, National Real Estate | 90 Comments

DoJ fails, BoA walks

From the Wall Street Journal: Justice Department ‘Hustle’ Case Against Bank of America Dies The government’s Hustle case against Bank of America Corp. is finally dead. The case, in which the government accused the bank’s Countrywide Financial Corp. unit of … Continue reading

Posted in Foreclosures, Housing Bubble | 29 Comments

FHA/VA cause new bump in foreclosures?

From CNBC: What’s behind a sudden foreclosure spike Foreclosures had been falling steadily to the lowest levels in nine years, but a curious spike in October may be the first sign of a crack in the recovery. The number of … Continue reading

Posted in Foreclosures, Housing Bubble, National Real Estate | 37 Comments

What bubble?

From HousingWire: Median home prices finally pass housing boom levels, hit all-time high Home prices hit a new all-time high, finally surpassing the pre-recession peak, according to the Q3 2016 U.S. Home Sales Report from ATTOM Data Solutions, a source … Continue reading

Posted in Housing Bubble, National Real Estate | 134 Comments

Peak 2017

From HousingWire: CoreLogic expects home prices to peak in 2017 Home prices increased in August both monthly and annually, according to the Home Price Index and HPI Forecast released by CoreLogic, a global property information analytics and data-enabled solutions provider. … Continue reading

Posted in Housing Bubble | 72 Comments

Affordability Sucks, Inventory Sucks, Housing Sucks

From HousingWire: Looking to buy a home? Now is not the time The summer heat also brought with it rising home prices, which reached levels not seen since before the housing crisis. Now, however, as the heat subsides and we … Continue reading

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

Will the next bubble be the biggest yet?

From CNBC: Experts sharply divided over whether surging home prices signal new bubble We’re living in a very different housing world today — from tighter credit to stricter regulations — compared with the dark days of the crash, but rising … Continue reading

Posted in Housing Bubble, Housing Recovery, National Real Estate | 121 Comments

A Flipper Cooker?

From CNBC: House flipping heats up, creating ‘home price pressure cooker’ It looks so easy on TV. Buy a bargain-basement house, pull up some nasty carpet, re-tile the bathroom, paint away the wall stains and sell it for a hefty … Continue reading

Posted in Housing Bubble, National Real Estate, New Development | 81 Comments

Hubler does somewhat better in the real-world market

From the Star Ledger: Notorious ‘subprime villain’ Howie Hubler unloading Rumson estate for $4.5M The former Morgan Stanley bond trader believed to have lost more money than any single trader in the history of Wall Street has put his Rumson … Continue reading

Posted in Housing Bubble, Mortgages, Risky Lending, Unrest | 103 Comments

Mounties, Hockey, Maple Syrup, Housing Bubble, eh?

Can the Canucks engineer a soft landing? Probably not. From Reuters: Tighter Canada mortgage rules could boost condos, hurt consumers Dec 11 Canada’s move to tighten mortgage rules and raise some fees on lenders will likely make it more expensive … Continue reading

Posted in Economics, Housing Bubble | 11 Comments

Vindication … again!

Anyone who has been here since the beginning will remember Dominick Prevete, who we regularly sparred with in 2005. Well, it seems that the leading real estate bubble cheerleader has gotten himself into some trouble. But, before we get into … Continue reading

Posted in Housing Bubble, New Jersey Real Estate | 34 Comments

Philly not worth it?

From CBS: Report: Philadelphia Among Top 10 Most Overvalued Housing Markets In U.S. Looking to buy a home in Philadelphia? According to a new report, it is one of the top 10 most overvalued housing markets in America. The report … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 152 Comments

Bubble chant continues to grow louder

From HousingWire: Bubble, bubble? Number of overvalued markets doubles since first quarter A new report from CoreLogic (CLGX) identifies 14 of the top 100 markets in the U.S. as currently overvalued, double the number as of the end of the … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 42 Comments

Which way is up? A new home price index.

From Bloomberg: Almost Half of Homes in New York and D.C. Are Now Losing Value Almost half of single-family houses in the New York and Washington metropolitan areas are losing value, a sign that buyers’ tolerance for high prices in … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 59 Comments