The Housing Bubble Blog

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The Manteca Bulletin reports from California. "In the go-go days of stratospheric housing price increases some newer neighborhoods - such as Woodward Park, Diamond Oaks, and Villa Ticino - were seeing prices jump as much as $5,000 a month. Now those neighborhoods have returned back to earth as...

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It's Friday desk clearing time for this blogger. "Since she put her Norfolk rental home on the market four months ago, Robyn Hofheimer has lowered the asking price three times. Still no bites. Hofheimer and her husband own two houses in Norfolk. Now, the couple want to sell both and move to...

The Rocky Mountain News reports from Colorado. "It's as if the Denver-area housing market has gone back in time. The number of unsold homes on the market in September dropped to the lowest level since December 2005 and the number of homes placed under contract jumped almost 22 percent from...

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The Star Tribune reports on Florida. "Fort Myers is the spring home of the Minnesota Twins, and so many Minnesotans visit or live here for at least part of the year that some have called it 'Edina by the sea.' It may still feel like paradise...but a short drive or a foreclosure bus tour reveals...

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The Wall Street Journal reports on California. "The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth. About 75.5 million U.S. households own the homes they live in. After a housing slump that has pushed values down 30% in...

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The Daily Astorian reports from Oregon. "An increasing number of homeowners in Clatsop County are falling behind on their mortgage payments and opting to sell their homes to avoid foreclosure. On the North Coast...Barbara Maltman, a Gearhart real estate agent said she has sold several local homes...

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The Glendale News Press reports fromCalifornia. "Beset by a distressed economy and a soaring number of city inspections, the FourOneSix mixed-use condominium project on Broadway Avenue has pushed back its opening to January and will wait until its debut to push ahead with unit sales, officials...

The Associated Press reports on Virginia. "More than half of people surveyed in an Associated Press-GfK poll released Wednesday said they worry that they will have to work longer because the value of their retirement savings has declined. Denise Edwards, 62, now expects to work for at least another...

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The Tampa Tribune reports from Florida. "Ernie Harpster fell behind on his mortgage payments last year. The lender filed a foreclosure lawsuit. Harpster then did something troubled homeowners may never think of doing: He fought back. Harpster has been living payment-free for nearly a year in his...

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The Mercury News reports from California. "John Gronley bought his dream home nine years ago for $625,000. Its paper value peaked at $1.6 million in 2005. Then, just like it did across the country, the money got funny — one foreclosure in the neighborhood, and asking prices for nearby homes were...

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It's Friday desk clearing time for this blogger. "The Manhattan residential real estate market cooled in the third quarter. In addition to falling prices, properties are also sitting on the market longer these days. Despite the economic uncertainty, real estate advisors say the city is...