The Housing Bubble Blog

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When I was in California this summer, I talked with some posters about having a meeting that more people could attend. 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 best serve your needs. The...

The Princeton Packet reports from New Jersey. "Mercer County's more affluent communities, including Princeton and West Windsor, have experienced an increase in foreclosure notices during the past year, according to an analysis by The Packet. Both towns have seen a tripling of initial notifications...

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

The North County Times reports from California. "Some homeowners in the area have gone months without paying their mortgages and have yet to receive a foreclosure notice; a development that suggests banks are overloaded and that also might mean foreclosure reports are understating the region's...

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

It's Friday desk clearing time for this blogger. "After George Zito's mother passed away, he put her East Haven home on the market. That was 6-months ago. And, still, there are no prospective buyers. The four bedroom was originally listed at $187,000. 'We just lowered the price by over $40,000,'...

The Aurora Sentinel reports from Colorado. "When local Realtor Sunny Banka shows any home to a potential buyer, she immediately heads downstairs. As the number of foreclosed and abandoned properties boom with the current housing crisis, copper wire, piping and other building materials are valuable...

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

The Berkeley Daily Planet reports from California. "Million-dollar condos? In Berkeley? Yes, says Don Peterson, president of SNK Development, the company now building the nine-story-plus Berkeley Arpeggio on Center Street. Asked who might buy the units, Peterson said, 'We are looking at the...

A report from Florida Today. "In today's tough housing market, sometimes it takes some creative thinking to sell your house. Scott Bernard is having a picture-coloring contest and giving away his house in Sebastian to the winner -- sort of. Each person who enters the contest pays a $49 entry fee....

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

The Union Tribune reports from California. "Workers' incomes stagnated last year, barely outpacing the official level of inflation, according to data released yesterday by the U.S. Census Bureau. '2007 was probably as good as it's going to get for a while, and these numbers show it wasn't very...

The Chicago Tribune reports from Illinois. "Home buyers and sellers in the Chicago area just can't agree on the price of a house. Sales of existing homes continue to be down, Chicago-area home prices are flat, and real estate agents who want to close deals are pleading with players on both sides to...

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

The Sacramento Bee reports from California. "California's free-falling home prices sparked a fourth straight month of year-over-year sales gains during July, the California Association of Realtors reported Monday. Median sales prices were down a record 40.3 percent from July 2007, CAR reported....

The News Journal reports from Florida. "Bob Staake inherited a modest Port Orange home from his parents in April 2007, but he lives in Michigan. So, he put it on the market -- 399 days ago. After steadily dropping the price from $208,000 to $156,000, it finally sold last month. 'We knew a home...

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 Union Tribune reports from California. "ABA Recovery Service owner Marcelle Egley-Sparks said that in the past year, high-end repossessions have swelled from about 15 percent of the 350 items taken by her company each month to about 50 percent. 'People are finding themselves overextended now...