A Climb Up And Down Mount Everest

A report from the Washington Post. "The glut of homes for sale in the Washington area has shrunk dramatically since the housing market's darkest days in 2008. On the sidelines is the Arlington condominium that Ryan Sparacino bought when prices soared in 2005. Sparacino and his fiancee, Lindsay...
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The Salesman Made It Sound Like A Smart Move

A report from the Connecticut Post. "In Connecticut there are thousands of foreclosures, according to the state Judicial website. Despite a foreclosure crisis hammering the nation for three years, distressed homeowners who want to keep their homes are facing a disjointed and uncoordinated process...
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What Appeared To Be Demand For Housing

The Palm Beach Post reports from Florida. "Residents say they're disappointed with the lack of progress and upkeep at the 32-acre community on Oakland Park Boulevard. As recently as 2006 it was billed as the city's largest downtown redevelopment project, with 72 condos, 110 townhomes, 18,000 square...
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Money Does What Money Wants

The Chicago Tribune reports from Illinois. "As home sales have stalled in recent years and foreclosures have risen, homeowners who need to move on and those who have inherited property are turning to renting to help cover costs. So many residences are now for lease that there is 'a saturated rental...
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A Shadow Inventory That Someday Will Show Itself

The Record Searchlight in California. "Bucking state and national trends, foreclosure activity in Shasta County in April went up for the second straight month. Eric Smith of Keller Williams Realty in Redding said government efforts to stem the tide of foreclosures aren’t working. 'The result is...
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An Unsustainable Dreamland

It's Friday desk clearing time for this blogger. "The median price for a home in the area that includes Monmouth and Ocean counties rose 1.5 percent in the first quarter. What's behind the increase in the market? The $8,000 tax credit for first-time homebuyers, which expired on April 30, and low...
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When It's Time To Walk, It's Time

KGO-TV reports from California. "We continue to feel the effects of the mortgage meltdown; Fannie Mae, the government backed home loan lender, Monday asked for another $8.5 billion dollars to cover its losses. And the mortgage crisis is shaping the California Senate race. Republicans say the two...
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Even in the Bonfire

-by the Mysterious Flying Miser As HBB readers will tell you, the state of Florida exemplifies housing-bubble consequence with blistering veracity. And one of the most pointed details of Florida's economic and literal skyline is the monstrosity of their market in condominiums. It seems the...
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