The Housing Bubble Blog

The Worcester Business Journal reports from Massachusetts. "Foreclosure activity started to pick up again in July, according to the latest numbers from the Warren Group. Currently, Worcester County contains more communities with high rates of homes either owned by banks or in foreclosure (also...

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The Mercury News reports from California. "This Labor Day finds one out of eight Californians out of work and politicians everywhere promising plans for creating more jobs. Many economists say a key to quickly curing California's malaise is to target one of its chief causes: the housing market...

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Readers suggested a topic on the latest mortgage related lawsuit. "Uncle Sam, Amalgamated versus Megabank, Inc? What next: Bankers in orange jump suits? Let’s hope this is the beginning of a movement to break up the world’s outlaw international investment banks into non-systemically risky,...

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Readers suggested a topic on what to do with the foreclosures. "Uncle Sam got stucco with 248,000 repossessed homes and needs your suggestions by September 15 on what to do with them. I say quietly auction them off to the highest bidder, just like mineral rights are auctioned, and be done with the...

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Readers suggested this topic. "A topic about jobs in general would be very appropriate for labor Day weekend." One posted this link, "Recovery talk seems to be gradually giving way to Federal Reserve easing talk.. MarketWatch, 'The U.S. economy did not add any jobs in August, a weak performance...

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It's Friday desk clearing time for this blogger. "San Antonio real estate was on fire in 2006. Builders started a record 19,000 homes and California investors swooped into the market to snatch up rental homes. But in retrospect, the hottest point of the housing boom might not have been the greatest...

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A report from the Strait Times Indonesia. "After more than a decade of seemingly endless growth, Australia’s property market is on a downward slide that is expected to be steady and protracted. For now, though, the downturn is cushioned by buyers from Asian countries, who continue to see Australia...

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The Casper Journal reports from Wyoming. "If you’re looking for something to make you feel positive, you might consider Wyoming’s economy. And if you’re looking for a person with a good handle on Wyoming’s economy, you might just talk with Mark Zaback, CEO of Jonah Bank of Wyoming, and who serves...

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The Denver Post reports from Colorado. "Although Colorado avoided the worst of the housing bubble, banks in the state are failing at five times the expected pace. A possible explanation is that many of the failed banks were caught up in a 'stealth' development bubble in fast-growing counties, such...

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The Herald Tribune reports from Florida. "How do you end the condo death spiral? Hire an aggressive debt collector, renegotiate any payments going out the door and act diplomatically while you put in more hours than at your day job. 'I gave up pretty much my life and my vacation,' said Oded Neeman,...