The Housing Bubble Blog

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The Anderson Valley Post reports from California. "Loan Modifications: It was touted as the savior of the American economy. For many north state residents, it offered a way out of a financial mess that would ultimately result in the loss of their home. Or so they thought. 'I started the process in...

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The Aspen Times reports from Colorado. "Homeowners in the heart of Basalt saw their property values plummet by up to 60 percent while Aspen-area residents saw their home values drop around 20 to 30 percent in the May 1 reappraisals required by the state. 'Everything is more than 30 percent of a...

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The News Journal reports from Florida. "Pending home sales are climbing in West Volusia, with homes in the lower price ranges attracting the most interest. In March, 456 pending sales of new and existing homes and condominiums were counted on the county's west side, double the number tallied the...

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Readers suggested a topic on dealing with the economy. "I’d be interested in hearing people’s thoughts on a 'Plan B' for how to cope with a changing economy. To me it seems something has profoundly/permanently changed and all the evolving and contradictory information makes it hard to formulate a...

What do you see in your housing market this weekend? Lower prices? "Australia's much-debated property ''bubble'' may not have burst but recent data shows house prices are deflating, posting their worst quarterly slump in a decade. The biggest falls were in Brisbane and Perth, down 4.6 and 3.4 per...

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From the weekend topic suggestions thread, I posed this question: "In each region I posted on this past week, I found references to the expiration of the tax credit for buying houses, and how that would result in lower comparable sales numbers. Are we entering the post-tax credit double dip in...

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It's Friday desk clearing time for this blogger. "2006 was a bad year for Josie Kay. Receipts at her bar dropped 50 percent, and last year, she lost the business and declared bankruptcy. Kay and her husband had built their house and lived there for 13 years. They didn't want to lose that, too. She...

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The Sea Coast Online reports from Maine. "In the five years following 2001, Las Vegas was one of the country's biggest boom towns. Housing values soared. Banks lent to anyone with a pulse. Fraud was endemic. Buyers deluded themselves about how the market would perform. Then in 2006 the bubble...

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A report from the Idaho Statesman. "While developer Bob Hosac is taking bids on Royal Plaza’s condos to stave off a foreclosure sale, Steve Hosac, his brother with a separate development company, is moving ahead with the 130-condo River 8 project. Meanwhile, 15 residential and commercial units in...

The Frederick News Post reports from Maryland. "The number of foreclosures in March in Frederick County may show a decrease, but the figures...'are not reflective of the actual delinquency rate of mortgage customers,' said Patrick McLister, an attorney with Salisbury and McLister. Mortage companies...

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