A Source Of The Nation's Economic Weakness

Readers suggested this topic: "All the green jobs of the $1 Trillion stimulus are going 'poof.' How will this affect housing prices? Are these jobs in high concentrations in just a few markets (like Southern CA)? Did any of this money lower energy usage or lower the amount of imported oil? What do...
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You Don’t Avoid Disaster By Wishing It Away

It's Friday desk clearing time for this blogger. "Warnings from tax-reform advocate David Collyer, commentator Kris Sayce and academic Steve Keen contrast with banks and developers that claim a shortage of about 200,000 homes will underpin prices. More than two-thirds of the government’s shortage...
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It's Over-Inflated Prices That Aren’t Selling

The Duluth News Tribune reports from Minnesota. "Mortgage foreclosures in Duluth and St. Louis County are on pace to hit their highest point in the past five years, according to data provided to and analyzed by the News Tribune. The rising foreclosures are another indicator that the Duluth housing...
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The Market Struggles To Find Its Reality

The Denver Post reports from Colorado. "Denver heavyweight commercial-real-estate honcho Andrew Klein's Cherry Hills mansion fell into foreclosure this year. According to public records, the Buell Mansion neighborhood home had an outstanding principal balance of $6.998 million on an original...
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Still Trying To Hold Onto The Prices They Paid

The Montgomery Advertiser reports from Alabama. "Houses priced at $500,000 and higher only make up about 1.5 percent of Mont­gomery's -- and all of Alaba­ma's -- housing market, said Grayson Glaze, executive di­rector of the Alabama Cen­ter for Real Estate at the University of Alabama. Na­tionwide,...
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Rivers Of Fools Gold

Readers suggested a topic on relative bubble markets. "Why have property bubbles burst in some countries, but not in others? In Canada there is no sign of even a slowdown. In Europe the Irish bubble has well and truly burst, whilst in the UK prices fell 10% or 15% in 2009 but are now back to all...
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Waking Up From A Lovely Dream

From Realtor.org, November 2001. "By David Lereah. Before Sept. 11, housing was the only major sector of the economy standing tall, which was the primary reason the U.S. economy didn’t succumb to recession. However, the notion that the housing sector can continue to shoulder the burden of keeping...
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There's No Return To Normal

It's Friday desk clearing time for this blogger. "New figures by the Honolulu Board of Realtors show the median price of real estate on Oahu taking a plunge in the month of August. Brian Benton, a sales manager with Prudential Locations and former BOR president, believes there’s no reason to panic....
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