Bubble

Housing Slow Down Dictating Fed Policy?

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Federal Reserves actions in the coming months will be directly tied to the real estate market, and how much the housing bubble deflates in the coming months. Such huge sums have been coming out of the real estate [...]

17Jan2006 | Tom Royce | 0 comments | Continued

Silicon Valley Housing Slowdown Economic Indicator

More Silicon Valley housing news. The real estate market looks like it will cool in the Silicon Valley and San Jose regions, but the housing prices should hold firm. Business leaders met to discuss the potential of the market.
Silicon Valley has traditionally been outside of the normal real estate demand curves, owing it’s fortunes to [...]

16Jan2006 | Tom Royce | 0 comments | Continued

Scary Numbers - Only 11 Percent of Los Angeles Can Afford to Buy a Home

Europe has always had this problem, housing for the vast majority in urban areas is rental. Now this problem is creeping into Los Angeles. The Boy in the Big Housing Bubble has an excellent post on this subject with graphs. An excerpt:

Los Angeles continues to be unaffordable, and the politicians continue to do nothing about [...]

12Jan2006 | Tom Royce | 2 comments | Continued

Santa Cruz - Housing Prices Drop From High

The Santa Cruz real estate market has come down off of its November highs as reality is setting in on an overheated market.

The median price for both single-family homes and condominiums in Santa Cruz County in December fell to its lowest level since April, after staggering up and down over the past few months, [...]

12Jan2006 | Tom Royce | 0 comments | Continued

Atlanta’s Construction Worry - Are We Building Too Fast?

Living outside of Atlanta, you would never believe there is the risk that the new housing market could be in danger. Communities Magazine lists over 1200 subdivisions, townhouse and condominium units in production in the greater metro area. Now, we all know that Atlanta is a target city for relocations. It also has had a [...]

10Jan2006 | Tom Royce | 0 comments | Continued

Silicon Valley Market Peaks, December 2005 Numbers Look Bleak

The Silicon Valley real estate market has turned down. This market tends to get very overheated very quickly, and then leaves lots of people holding the bag as housing prices are astronomical. The Silicon Valley real estate market is one of the highest in the country, with 20 year old ranch houses routinely selling for [...]

10Jan2006 | Tom Royce | 0 comments | Continued

A Tale of 2 Florida Markets - Part 1 - The Condo Market

The condo market in Florida is about to hit a major speed bump as inventory and demand are not lining up. The over building of the condo market has created an inventory glut, just as higher interest rates and housing bubble pricing have pushed up the cost of condo ownership to unrealistic levels.

This skyrocketing [...]

10Jan2006 | Tom Royce | 1 comment | Continued

A Tale of 2 Florida Real Estate Markets - Part 2

While the condo market and its speculators take a beating, the single family homes will still do very well in Florida. There is just not enough land left, so low is in, while up is dangerous.

At the same time, there is a lack of inventory of super-luxurious homes, said Irving Padron, CEO of Miami-based [...]

10Jan2006 | Tom Royce | 1 comment | Continued

Washington Condo Sales Cooling

The condo market in the Washington DC Metro area looks like it is having a natural slowdown. The scary part of the equation is the large quantity of new condos that will be coming into the market in the next 3 years. This one factor could suppress prices for the next few years.

That means that [...]

8Jan2006 | Tom Royce | 0 comments | Continued

Bubble Blogger Round Up

The Bubble Bloggers were busy this week. Weak Numbers, a new year, and these folks are prolific. A few of our favorite posts that we enjoyed this week.

Cole at The Boy in the Big Housing Bubble found an interesting calculator that helps potential do the buy vs rent decision.
Patrick.net has a way out post. [...]

7Jan2006 | Tom Royce | 0 comments | Continued