Category Archives: Housing Bubble

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

Posted on December 13, 2015 by grim

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!

Posted on November 22, 2015 by grim

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?

Posted on October 13, 2015 by grim

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 | 157 Comments

Bubble chant continues to grow louder

Posted on September 15, 2015 by grim

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 | 43 Comments

Which way is up? A new home price index.

Posted on September 4, 2015 by grim

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

The Subprime Myth

Posted on August 31, 2015 by grim

From PBS: The U.S. foreclosure crisis was not just a subprime event Many studies of the housing market collapse of the last decade, and the associated sharp rise in defaults and foreclosures, focus on the role of the subprime mortgage … Continue reading →

Posted in Economics, Housing Bubble, Risky Lending | 65 Comments

One third of U.S. metros hit new home price peaks

Posted on August 24, 2015 by grim

From HousingWire: Black Knight: June home prices rose 0.9% from May Home prices rose 0.9% in June from May and 5.1% since June 2014, according to the new home price report from Black Knight Financial Services. The Black Knight HPI … Continue reading →

Posted in Housing Bubble, National Real Estate | 106 Comments

Millennials can’t catch a break

Posted on August 19, 2015 by grim

From the Washington Post: Are home prices rising too quickly for millennials? Many young workers today find that home prices are rising faster than their pay, making it harder for them to set aside the cash they need for the … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble | 117 Comments

Canary?

Posted on July 24, 2015 by grim

From Bloomberg: Hamptons Home Prices Fall as More Sellers List Properties The real estate market in New York’s Hamptons has cooled from a frenzied pace, with the median sale price in the beachfront towns falling to the lowest in a … Continue reading →

Posted in Housing Bubble, Housing Recovery, Shore Real Estate | 93 Comments

Subprime wasn’t the problem?

Posted on June 22, 2015 by grim

From Fortune: The subprime mortgage crisis wasn’t about subprime mortgages In the years following the financial crisis, a cottage industry arose that tried to explain just what happened to the American economy and the financial system. Early on in the … Continue reading →

Posted in Foreclosures, Housing Bubble, Risky Lending | 70 Comments

Measuring the buyer/appraiser disconnect

Posted on June 15, 2015 by grim

From HousingWire: Homeowner, appraiser home value opinion gap widens The difference between appraiser and homeowner perceptions continued to increase for the fourth consecutive month in May, Quicken Loans reports. Appraiser opinions of home values were 1.15% lower than homeowner estimates, … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery | 112 Comments

Uh Oh – Now they did it…

Posted on June 12, 2015 by grim

Famous last words, from Gothamist: The Brooklyn Real Estate Bubble Will Never Pop The housing crash of the late 2000s was supposed to have decimated property values across the nation. But in Brooklyn, the housing market barely broke its stride. … Continue reading →

Posted in Economics, Housing Bubble, NYC | 118 Comments

Clinton did it…

Posted on June 10, 2015 by grim

From the WSJ (Hat tip Moose): They Put a Face on the ’90s Homeownership Push. Then They Lost Their Home This month marks 20 years since President Bill Clinton unveiled his “National Homeownership Strategy,” a 100-point action plan that put … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate, Politics, Risky Lending | 104 Comments

“Location, location…” – Looks like the truth?

Posted on May 10, 2015 by grim

From the Record: Price gap hinders housing recovery across North Jersey Andrea and Joe Buccino bought their first home, a Cape Cod in Wallington, for $385,000 in 2005. A decade later, they put it on the market for $299,000 — … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 86 Comments

NAR calls rent and price growth “unhealthy”

Posted on March 24, 2015 by grim

From the WSJ: Home Sales Edge Up, but Rising Prices and Tight Supply Loom as Headwind Sales of previously owned homes ticked up last month, but buyers are facing a dynamic of rising home prices and shrinking inventory that make … Continue reading →

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