Recovering Prices Fundamentally Unhinged From Reality

It's Friday desk clearing time for this blogger. "The median home price in Southern California surged a stunning 28% in June compared with a year earlier — outpacing any month during last decade's housing bubble. The gain puts the median at $385,000, up from $300,000 last June. Syd Leibovitch,...
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When The Price Is No Longer Rational

Some housing bubble news from around the globe. The Myanmar Times, "There is no bubble in the property market and prices of land will continue to rise for the next few years, presidential adviser U Aung Tun Thet told a seminar. Property 'flipping,' in which properties are bought and sold on the...
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There Are Those Who Are Forever Blowing Bubbles

Readers suggested a topic on winners and losers. "All this talk of people being rich because their primary residence has increased in value (a 2x increase in house value and a dollar will get you a cup of coffee), got me to thinking: Just who exactly are/were the actual winners and losers of the...
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Plenty Of Empty Houses

The Denver Post reports from Colorado. "A report issued Wednesday by the metro area's Multiple Listing Service, characterized the market as 'cooling,' but economists were careful to note that the market is still experiencing strong demand. 'When they say 'cooling,' what that means is that things...
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Taking Away The Kool-Aid Bowl

The Herald Tribune reports from Florida. "Are you feeling confident? It would seem so, judging by the data released late last month by the University of Florida's Bureau of Economic and Business Research. 'It's worth noting that perceptions of current buying conditions are at a post-recession high...
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