The Housing Bubble Blog

Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.

Overbuilt And Oversold In California

The Voice of San Diego reports from California. "Mark Dykstra knows short sales well. He finished two last year, and is working on his third. He'd bought the Escondido house in 2001 for $630,000. When it was eventually valued at more than $1.4 million, he'd taken bad advice to take cash out to buy...
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A Belief That Values Were Always Going To Rise

It's Friday desk clearing time for this blogger. "The Birmingham-Hoover area suffered a greater level of job losses than all but five of the nation's 100 biggest metros in last three months of 2009, according to a Brookings Institution report. Jobs have disappeared in the Birmingham metro area for...
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The Luxurious Lifestyle Never Materialized In Florida

The Miami Herald reports from Florida. "The undeveloped tract planned to hold luxury condos, high-end retail and posh hotel rooms at Biscayne Landing will go to the highest bidder at a foreclosure auction April 6. But only if the city of North Miami approves the buyer. Meanwhile, the only complete...
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It Probably Sounded Like A Can't-Miss Pitch

The Gazette reports from Colorado. "The Pikes Peak region’s residential market has had thousands of foreclosure filings over each of the past three years. Commercial property owners are being plagued by the same woes homeowners have faced: a horrible economy, tumbling property values and difficulty...
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A Cascading Effect Of Uncertainty And Doubt

The Nashua Telegraph reports on New Hampshire. "In terms of home foreclosures, Scrooge took a holiday in December, but in January, he came back strong. The state saw 352 foreclosure deeds in January, a record for that month and the second most ever, just seven behind the 359 of last October,...
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The World Changed When Housing Wealth Disappeared

It's Friday desk clearing time for this blogger. "As property values began to appreciate rapidly in the early 2000s, Phoenix-based Right Place Properties developed an aggressive new sales strategy that included mass-marketing its investments. When the housing bubble burst in 2007, Right Place...
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