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Houston Luxury Condo Market Could Get Pummeled With FinCEN Expansion

The Houston luxury condo market is looking ripe for a correction. In a previous post I detailed how the latest profile of foreign buyers of U.S. real estate was a textbook case of money laundering in plain sight. As it turns out I wasn’t the only one to notice this interesting development creating some seriously large bubbles in attractive U.S. …

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Canada’s Housing Market Bubble Pricked By Falling Oil Market

Canada’s richly valued real estate market is starting to get pinched by the collapsing oil market. That’s the news coming out of Calgary, and also confirmed the latest news from the Canadian central bank when they announced a surprise rate cut. Active listings in Calgary were up by a whopping 64 percent in December while pending sales dropped by an …

China’s 50 Million Empty Apartments: “A New Asset Class That No One Lives In”

Anne Stevenson-Yang probably knows China better than most most foreigners could hope to. She has spent much of her time there since 1985. She’s fluent in Mandarin, and her husband is a former People’s Liberation Army intelligence officer. In this Barron’s piece she offers some interesting insights into China’s growth miracle, suggesting that there’s a lot of massaging going into …

San Francisco Median Home Price Hits $1 Million

The race for the most expensive real estate in the U.S. entered a new chapter this summer as the median price of a home in San Francisco hit $1 million. According to DataQuick, the median price of a home in the bay area eclipsed the seven-figure mark in June. The new mark for nose-bleed real estate prices could have been facilitated by all …

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Oh Canada – IMF Global Housing Watch Shows Price To Rent & Other Metrics

The IMF has launched a nifty new housing price tracker for global real estate markets. The Global Housing Watch spotlights real estate price metrics in developed countries including price-to-income ratios and price-to-rent ratios.   Global house prices have risen for 7 quarters in a row, and many countries are even more out of whack from historical norms than they were just …

Canadian Housing Bubble Still Defying Gravity….For Now

The Canadian real estate market continues to defy gravity for now, but as prices have continued to rise over the last several years, so have the imbalances from long-term fundamentals.  The stratospheric home prices in Canada have caused some hedge funds to get excited as the odd of a collapse in Canadian home prices increase.  When you look under the …