The Housing Bubble Blog

The San Francisco Chronicle reports from California. "Joann Gardner sat forlornly on her living room floor, waiting for the final step in her home's foreclosure process. Most foreclosures nowadays are homes purchased just a year or two ago with no money down. But the Gardners' home is different....

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Instead of weekend topic suggestions, I'm going to forward this thread through the next few days. HBBers that attended the meet-up in Pasadena may remember meeting Allena. She had a bit of tough luck recently, and this post is here to give posters a chance to ask her about her experiences. First...

It's Friday desk clearing time for this blogger. "According to report from Beijing Morning Post, many investors in Shenzhen property market are paying at least 400,000 yuan in mortgages each month and at least 30 percent of them have lost all their earnings. 'When the real estate sector was...

The Rocky Mountain News reports from Colorado. "In the first seven months of the year, buyers bought $7.36 billion in homes sold by Realtors in the Denver area, about a $1.3 billion drop from the $8.7 billion sold during the same period in 2007. And last month, the median, or middle, price of a...

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The Palo Alto Daily News reports from California. "In a dubious distinction amid the nationwide foreclosure meltdown, East Palo Alto has the highest number of properties in default and in bank ownership per capita than any other city in San Mateo County, according to a report. Three other cities in...

The Palm Beach Post reports from Florida. "Here in the eye of the nation's financial storm, the Fed sits motionless, watching as inflation rises at the quickest rate in 17 years and home prices fall faster than any time since the Great Depression. Economists say this rare mix of consumer inflation...

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The San Francisco Chronicle reports from California. "Despite plummeting values across the nation, 62 percent of homeowners believe their property's worth has actually climbed or stayed the same during the past year, according to a survey commissioned by Zillow. In reality, the market price on 77...

The Salem News reports from Massachusetts. "The first sign of trouble came in December at a lottery to select the owners of some of the new Palmer Cove Condominiums. There were 15 condos for sale, with three-bedrooms going for what appeared a bargain - $189,900. When this project was conceived, an...

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Reuters reports on California. "New foreclosures more than tripled in Los Angeles in July from a year ago, with more than $2 billion of mortgages turning sour in Los Angeles alone, PropertyShark said. The number of newly scheduled auctions of foreclosed properties in Los Angeles County rose 249...

The Pensacola News Journal reports from Florida. "Like the Pensacola Bay Area housing market itself, Randy Phillips and his wife Heather Hood have found themselves with too many homes and not enough buyers. They have a house in North Hill they can't sell, a mortgage to pay on their home in East...

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The Great Falls Tribune reports from Montana. "A subdivision slated to be developed on 58-acre piece of land fell through and the land is back on the market. A buyer from California was looking to develop a subdivision on the land, but the sale never came to fruition, said Dick Seim, the listing...

The Star Press reports from Indiana. "How hard is it to sell a house in today's real estate market? How about two houses? That's the challenge facing the Cantu family. After 10 years in Muncie, Sandy and Dean Cantu are moving to Illinois. They've just bought a house there, in Peoria. As the Cantus...

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The North County Times reports from California. "Business bankruptcies in San Diego County have doubled from a year ago as the housing downturn has depleted real estate companies' assets. Real estate-related companies appear to represent the majority of the bankruptcies in San Diego, according to...

I suggested a topic on retirees and the housing bubble, with this article. "These are tough economic times for people of all ages, but few are affected more than senior citizens living on pensions and Social Security. 'Americans age 55 or older experienced the sharpest rise in bankruptcy filings...