The Housing Bubble Blog

KLUR 8 reports from Montana. "As a nationwide mortgage crisis causes housing prices to plummet, a Billings construction company is looking for a new way to determine what a house is worth. Kenmark Construction will auction off 13 properties Tuesday. When you think of homes being auctioned off, you...

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The San Francisco Chronicle reports from California. "With lenders reeling from the housing collapse and loan losses mounting, the crunch is intensifying, economists say. That foreshadows a long and difficult stretch for households and businesses, as loan markets struggle to regain footing. 'Credit...

The Beacon Journal reports from Ohio. "Richard Stevens doesn't buy it. His two-story, brick house had been appraised at $363,150. Then, the letter came in the mail this week from Summit County notifying him of the new value: $557,820. 'I was absolutely shocked. I couldn't believe it,' Stevens said....

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

The Sacramento Bee reports from California. "First the banks took away C.C. Myers' pride and joy. Then they moved to take away nearly everything else. The result was bankruptcy. Stripped of his beloved Winchester Country Club housing development and facing the potential seizure of numerous personal...

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.

We wanted a little more input on a possible meet-up in Las Vegas. Because of all the variables involved, I was asked to open up the comments. The following was put together by San Diego RE Bear: It's time for an HBB CONVENTION! In order to plan this shindig we need to have an idea of what would...

It's Friday desk clearing time for this blogger. "The biggest residential building ever to be built in downtown San Diego will celebrate its topping-off early this month. Sales at the Vantage Pointe began with a blitz one weekend in March 2004, when 337 units -- half of the building -- were...

The Dahlonega Nugget reports from Georgia. "Lumpkin County began feeling the the building bubble burst in mid-2005, says Clarence Stowers, who has been in the construction business for 29 years. That's when 'calls and inquiries sort-of went away,' he says. 'With so many houses available, there just...

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

The San Francisco Chronicle reports from California. "ACORN, an advocacy organization representing low-income communities, staged a rally at a Wachovia branch at Mission and First streets in San Francisco on Wednesday, with about 30 people calling on the bank to be more flexible in adjusting loan...

The Rocky Mountain News reports from Colorado. "The price of homes in the Denver metro area fell 9.4 percent in June from June 2007, according to a report from a New York firm that tracks the 25 largest housing markets in the U.S. Some local experts are critical of the report. 'It's garbage in,...

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

The Santa Cruz Sentinel reports from California. "Tuesday was a record-breaking day for foreclosures in Santa Cruz County. Compared to this time last year, foreclosure sales are up more than 300 percent, topping 600. Tuesday's large number of foreclosure auctions was due in part to Labor Day, and...

The Warwick Beacon reports from Rhode Island. "With statewide home sales down by 5 percent from last year and the median single-family home price down 12.5 percent from $280,000 in July of last year to $245,000 this year, many realtors miss the days of the housing bubble. Over 26 percent of all...

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

The Mercury News reports from California. "With local foreclosures at record highs, and mortgage availability continually changing, it's hardly been a conventional year for home buyers and sellers. What will happen this fall is still anyone's guess. It's clear that with prices declining in many...

A report from Florida Today. "Recent statistics compiled by the current president of the Melbourne Area Association of Realtors show that about 28 percent of the single-family homes for sale in Brevard County are foreclosed properties or involve short-sale agreements between the lender and the...