The Housing Bubble Blog

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The Times Standard reports from California. "A new housing affordability index, released this month by the Humboldt Association of Realtors, shows Humboldt housing prices -- recently overvalued countywide -- have begun to dip. Fortuna showed the largest net increase in affordability, rising 19...

A report from the Washington Post. "In the casino of the housing market, Tom Walters is holding the wrong cards. He's a mortgage broker, so business has been slow, and on his own house, payments have risen to about $6,200 -- too much to handle. Instead of gambling on a sale, Walters and his wife...

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The Denver Post reports from Colorado. "While there are plenty of resale and foreclosure options out there, homebuilders are enticing buyers with brand-new smaller and less expensive homes. Floor-plan sizes and home prices have dropped since the beginning of the year. The resale and foreclosure...

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The Press Enterprise reports from California. "When Ryan Zimmermann last month arrived for a walk-through of the four-bedroom Corona house he had just bought at a bank auction, he got a big surprise. Someone else had moved in. David Dobbs refuses to leave. Neighbors said he showed up late one night...

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It's Friday desk clearing time for this blogger. "After years of making Canadians feel steadily richer, home ownership is starting to do the opposite. When Pat Webb moved to Vancouver a year ago, she didn't think twice about buying a condo in tony Kitsilano, among the hottest neighbourhoods in the...

The Herald News reports from Illinois. "The 14900 block of Gardner Street in Plainfield has been a lonely place this year. Dick and Jeannine Goss have lived there since February, when they closed on the single-family home where they intended to live out their retirement. They were the first -- and...

Please visit the HBB Forum. Post off-topic ideas, links and Craigslist finds here.

Please visit the HBB Forum. Post off-topic ideas, links and Craigslist finds here.

The San Francisco Chronicle reports from California. "As home values continue to plunge, the real estate valuation service Zillow said that 20.76 percent of all homes in the nine-county Bay Area are underwater. The rate is much higher than the national average of 1 in 7 homes, or 14.3 percent....

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The New York Times reports on California. "Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages than their houses are worth, according to figures released Monday. That is the highest percentage in the country. The average homeowner in Mountain House is...

The News Press reports from Florida. "The Fort Myers/Cape Coral metropolitan area ranks third nationally in foreclosures, a position not likely to improve with 20,000 homes on the market and another 29,000 in foreclosure. An estimated 40 to 60 percent of homes purchased during the boom went to...

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A report from the Salinas Californian. "Laura Beltran, 22, said she wasn't surprised to learn that the house she rents from her mother in-law is up for auction: She's only one of many in her east Salinas neighborhood who have lost their homes to foreclosure. 'There's like 10 signs around the...

The Eagle Tribune reports from Massachusetts. "The number of new homes being built in Salem has hit a 30-year low. In Rockingham County, building permits dropped from 2,071 in 2003 to 749 in 2007, a 64 percent decline, according to statistics recently released by the state. Derry has issued just...

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