This article is talking about Oakland, California, but these conditions exist up and down the coast. Thornberg has been one of the more level-headed bubble analysts: http://ww2.kqed.org/news/2015/02/18/is-the-bay-area-in-a-bubble-and-will-it-burst An excerpt: “This...
Someone asked me if I thought the bubble will burst again. I said no. Not in the same way that the previous two bubbles have ended - with foreclosures driving down prices across the board. Why? Because of these reasons: 1. The Foreclosure Process Has Been...
Yesterday reader SBT asked, I’m not in the real estate industry so maybe I’m missing something but does the fact that the ppsf is the same as ’05-’07 mean we are in a mini bubble?? Everything seems too expensive right now? thoughts? If it were a bubble, it would need...
These ivory-tower guys keep wasting their time debating whether to call this is a bubble or not using vague, mind-numbing graphs. From HW: There is a lot going on right now in housing and mortgage markets. But one of the debates that continues to rage on is whether or...
Nick at the Wall Street Journal has been doing a great job covering the real estate market lately. He likes to stir it up on Twitter, and yesterday he got a few experts to chime in about pricing in 2014: https://twitter.com/JedKolko/status/418044040395763712 There is...
The Home Value Index has not only been a pretty good measure of pricing trends, but it has also been a good predictor of the Case-Shiller indices. The next Case-Shiller Index is due out a week from today, and is likely to show more deceleration. The HVI is predicting...
Historically it is very rare to have pricing go up 20% in a year. With prices skyrocketing, wouldn't you expect sales to slow down? Or wouldn't buyers at least become more selective when they are forced to pay substantially more, in many cases six-figures more, than...
It seems that everyone is looking for $400/sf around Carmel Valley now. At this pace, it may only take a few more months! Carmel Valley Annual Stats Year Median SP Avg $/sf Avg DOM 2010 $890,000 $340 53 2011 $892,500 $324 69 2012 $875,500 $327 58 2013 $975,000 $346...
More bubble talk in this article from the latimes.com - an excerpt: More investors are buying homes to quickly sell again at a profit. "Everybody I know is trying to do flips right now. It's like the day trading of the 1990s," Nordine said. "We went straight from...
One year ago the same model across the street sold for $989,000:
