The Housing Bubble Blog

The Sun Sentinel reports from Florida. "Statewide, existing-home sales fell 4 percent from last year, and the median price sank 20 percent to $186,900. South Florida condominium buyers in August responded to price declines. There were 550 sales last month, compared with 551 a year ago. The median...

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Bloomberg reports on California. "A tidal wave of anxiety is washing over America, from Wall Street's concrete canyons to the lettuce fields of California. Liz Stevens, a 22-year real estate veteran who rose to be a regional manager for Prudential California Realty, invested $500,000 to open her...

The Boston Globe reports from Massachusetts. "The median price statewide for single-family homes last month tumbled 9 percent to $323,000 from $355,000 a year ago - the lowest level in August in seven years, real estate data provider Warren Group said yesterday. The biggest drops were on Cape Cod...

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9 News reports from Colorado. "Jay Yake is a Realtor who has been in the real estate industry for more than 25 years. Yake says the local housing market, with more than 20,000 unsold homes, is picking up but 'it could be a lot faster.' Yake shared possible changes that may have to take place to...

The Associated Press reports on Florida. "Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job last November, and has been working as high school tutor, scratching out about $1,000...

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The Tribune reports from California. "It's evident that many homeowners on Dorothy Street take pride in their houses. But in this Paso Robles neighborhood - one of the city's older ones - about half a dozen homes have been in foreclosure during the past year. One such property on Dorothy Street,...

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A report from the Charleston Gazette. "For the second time in ten years, McDowell County is the scene of a major bank failure. On Friday evening, federal regulators announced they were taking over Ameribank, Inc. because of a series of bad debts tied to the foreclosure crisis. In 2003, bank...

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The San Francisco Chronicle reports from California. "Despite a brisk business in foreclosure sales, the Bay Area real estate market showed little sign of recovery as the summer selling season concluded, according to a real estate report. Although more existing single-family homes changed hands in...

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It's Friday desk clearing time for this blogger. "A 91 percent spike in foreclosure sales dropped the August median house price in Santa Cruz County 24 percent from a year ago. The new single-family home median landed at $582,000 compared to $770,000 in 2007 and $607,500 in July. The last time the...

Leesburg Today reports from Virginia. "Long lines. Price wars. The decision became easy. She and her fiance finally bought the one townhouse they won on price. Fueled by a lot of emotion, the couple wanted what many others continue to seek today, a place to call home after their wedding. It didn't...

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The Flathead Beacon reports from Montana. "In the current national housing slowdown, real estate auctions have gained popularity as a way to speed sales in a sluggish or paralyzed market. Now, the trend has made its way to the Flathead Valley where next month 14 Whitefish condominiums will go to...

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The Press Democrat reports from California. "The collapse of the housing bubble continues to reverberate through Sonoma County, according to a report issued Tuesday. Just over half of the homes sold in August were dumped by desperate owners trying to avoid foreclosure or by banks that seized them...