A Decade After The Bubble Burst, House Flipping Is On The Rise

A Decade After The Bubble Burst, House Flipping Is On The Rise

A decade after the U.S. housing bubble burst, house flipping is on the rise again. Defined as reselling a house within a year of purchase, flipping is at an 11-year high in the United States and it’s the subject of dozens of TV shows and weekend workshops promising to teach real estate novices how to make a fortune.

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Housing starts fall more than expected in February

Housing starts fall more than expected in February
  • Housing starts declined 7.0 percent to a seasonally adjusted annual rate of 1.236 million units in February.
  • While the volatile multi-family housing segment accounted for the decline in home building last month, the broader housing market appears to be slowing.
  • There is growing optimism that tightening job market conditions will translate into faster wage growth in the second half of this year.
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Pending home sales eke out 0.5 percent gain in December as supply shrinks to record low

Pending home sales eke out 0.5 percent gain in December as supply shrinks to record low
  • The supply crisis is hitting housing hard, as strong demand quickly eats up what few listings there are.
  • Home shoppers signed 0.5 percent more contracts to buy existing homes in December compared with November, according to the National Association of Realtors.
  • The supply of homes for sale at the end of December fell to the lowest level since the Realtors began tracking it in 1999.
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Trump rollback of banking regulation well underway

Trump rollback of banking regulation well underway

President Donald Trump's promised rollback of banking regulation is well underway, with vacancies at the top of key agencies and new legislation in the works.

Since the start of his presidency, Trump has decried the financial rules and regulations put in place to combat the excesses that led to the financial crisis through the Dodd-Frank Wall Street reform legislation of 2010.

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How to Spot a Regional Real Estate Bubble

How to Spot a Regional Real Estate Bubble

About a month ago, I took a long weekend to visit Seattle. It was my first trip to the Pacific Northwest.

I expected to find a vibrant music scene, a world-famous coffee culture and some spectacular hiking trails - and I was not disappointed. What I did not expect to find, however, was a real estate bubble.

As this week’s chart shows, home prices in the Seattle area have grown 13.3% year over year. That’s more than double the national average home price growth rate.

And that chart isn’t the only indication of trouble in Pacific Northwest real estate prices. The signs of a regional bubble are obvious... if you know where to look.

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