The Housing Bubble Blog

The Albuquerque Journal reports from New Mexico. "Real estate development, once one of the economic engines in the Albuquerque metro area, faces tough years ahead as the jobless recovery from the Great Recesssion plays out, according to industry insiders. 'We should all be cross-training,” said Bob...

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The Chicago Sun Times reports from Illinois. "In 2008, a 25-year-old man named Volodymyr Kuchmiyov — a Ukrainian living in Chicago on a student visa — took out two mortgages totaling $675,000 and bought a couple of brand-new condos in a building on the city’s Northwest Side. Now, Kuchmiyov is...

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The Herald Tribune reports from Florida. "Florida is gliding quietly into a new and potentially painful part of the boom-bust cycle, where stacked-up "deficiency judgments" for unpaid condo fees and unsatisfied mortgages could come back to haunt past owners. Many of them thought they had escaped...

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Readers suggested a topic on changes in the reverse mortgage business. "Why is Megabank, Inc suddenly getting a case of cold feet on offering reverse mortgages? Don’t they ultimately gain possession of the homes in these financial arrangements? Could this be a tacit acknowledgment by Megabank, Inc...

What do you see in your housing market this weekend? Statistics? "In York County, distressed properties — those in some stage of default or foreclosure or being sold under pressure at below market value — are 30 percent of sales, said Marty Sowa, president of the Realtors Association of York and...

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I suggested the following topic and link. "How about a once and for all, HBB battle royale over used house salespeople? Are they as bad as some here say? Just some rotten apples; an industry too corrupt to be worth salvaging? Or a group of professionals that help people navigate a complex process?...

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It's Friday desk clearing time for this blogger. "Bob and Julie Sistik's American dream is now in boxes after choosing to do what was once unthinkable - walking away from their mortgage. They paid $700,000 for their house in Miami in 2005 - a stretch for a firefighter and a secretary - but in the...

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The Whittier Daily News reports from California. "Los Angeles County's median home price for May was down 8.5 percent from the year-ago price of $297,410, the California Association of Realtors reported Wednesday. Sales fell 16.7 percent from May of 2010. California's median home price plummeted...

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The Bozeman Daily Chronicle reports from Montana. "With housing prices going down in Montana, Bozeman real estate agents say it's time to buy, and researchers are agreeing with them. 'It's a buyer's market because buyers have a lot to choose from and have more leverage in negotiating a sale,' said...

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The Denver Post reports from Colorado. "Colorado homeowner Haidy Emard arrived at the 'Save the Dream Tour' at the Colorado Convention Center $40,000 behind on her mortgage payments and on the brink of foreclosure. Emard, who is working two jobs, said her mortgage-servicing company refused to...

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