Constraining The Housing Monster

It's Friday desk clearing time for this blogger. "Sales of existing homes in Canada fell in November from October and year-over-year sales were down as well, the Canadian Real Estate Association said on Monday as it once again trimmed forecasts for resale housing in 2012 and 2013. Canada’s housing...
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The Foreclosure Years Are Ahead Of Us

The Sun Sentinel reports from Florida. "Florida has the nation’s highest foreclosure rate for the third month in a row, according to RealtyTrac. Florida had 29,612 filings last month, up 20 percent from a year ago. Still, the number was less than half of the state’s peak: 64,588 filings in April...
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The Downturn They Never Had

Readers suggested a topic on the state of the global housing bubble. "The way central banks all over the world are manipulating the markets, would it ever get real again. I spoke to someone and he said it is real because people are making real money. But my point is it is not organic and all rigged...
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The Common Denominator

It's Friday desk clearing time for this blogger. "As the sizzle returns to South Florida's housing market, many homes are getting multiple offers, a result of strong demand from first-time buyers and investors and a shortage of available homes. A few months ago, a lender instructed veteran West...
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A Bubble Occurs When People Forget

The Cronkite News Service reports on Arizona. "According to a report by Arizona State University’s W.P. Carey School of Business, 1,021 new single-family homes were sold in the Phoenix area during October, an 85 percent increase from the same month last year. According to the U.S. Census Bureau,...
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