The Housing Bubble Blog

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The Jackson Hole Daily reports from Wyoming. "Jackson Hole’s real-estate market has buckled under the weight of the economic downturn and new lending rules, a recent report says. The biggest evidence of the slowdown is in the single-family-home market. The number of sales is down 49 percent for the...

The Boston Herald reports from Massachusetts. "Massachusetts median house prices have fallen below $300,000 for the first time since 2003, new figures show. Wellesley College economist Karl Case doesn’t think Massachusetts housing has bottomed out quite yet, 'but we may be closer to a bottom than...

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 Sacramento Bee reports from California. "'Welcome,' says the letter dated May 20, 2005. 'It is a pleasure to have you as a new loan customer of Fremont Investment & Loan.' Mailed to Erin O'Hagan of Sacramento, and multiplied hundreds of thousands of times elsewhere in the United States, they...

The Naples News reports from Florida. "In Collier County, it’s the more affordable communities that have been hurt the most. From Jan. 1 to Oct. 8, the county had 1,500 final judgments for mortgage foreclosures on single-family homes, with a total mortgage balance of more than $522 million,...

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The Gazette reports from Colorado. "An analysis by The Gazette of deposit, profit and loan data on local banks and credit unions - which doesn't include banks outside the area...found that delinquent loans at local banks more than doubled from a year earlier. Loans that were 30-89 days delinquent...

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The Daily Democrat reports from California. "Widespread foreclosures have created a buyer's market, but many who have snapped up reduced cost homes in the region are finding unexpectedly high property tax bills in their mailboxes. In Yolo County, the Assessor and Tax Collector offices have been...

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It's Friday desk clearing time for this blogger. "Housing clearance rates remained soft across the country over the weekend, particularly in the nation's biggest markets of Melbourne and Sydney, which showed no signs of recovering from their torpor. The Australian reported many homes continue to...

The News Journal reports from Delaware. "For Delaware in particular, key industries are sensitive to national economic conditions. That point has been hammered home in recent weeks with employers dumping bad news on workers. '"If you look at the major industries in Delaware, they all do seem to be...

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The Contra Costa Times reports from California. "The high level of foreclosure sales in California has to continue before the state's housinge market can make a strong recovery, the chief economist for the California Association of Realtors said here Wednesday to more than 700 Realtors from Contra...

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The Herald Tribune reports from Florida. "Phil Coon wanted the money. 'The extra income. Pure and simple,' said James E. Felman, Coon's attorney, explaining the former Coast Bank executive's motive for an illegal lending scheme that will send him to prison. 'Simply stated, it was the most stupid...

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

The San Diego Business Journal reports from California. "The number of home sales in San Diego rose more than 56 percent in September, compared to September 2007, as median home prices fell by more than 30 percent in the same period, MDA DataQuick reported. The median price of a San Diego home or...