The Housing Bubble Blog

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The Union Tribune reports from California. "In a grim report on the weakened state of the housing industry, Harvard University says the United States is caught in a real estate market downturn 'that is shaping up to be the worst in a generation.' Nicolas Retsinas, director of the center, said...

Some housing bubble news from Wall Street and Washington. MarketWatch, "The housing slump, already shaping up to be the worst in a generation, still hasn't run its full course, according to Harvard University's annual report on housing, released on Monday. And if job losses accelerate in coming...

The St Petersburg Times reports from Florida. "Gov. Charlie Crist stood before hundreds of Realtors in Orlando last summer and predicted fantastic things about the property tax cuts on the January ballot. 'Florida's going to have a sonic boom when this happens,' he said, using rhetoric he would...

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The San Diego Business Journal reports from California. "Too many buyers remain on the sidelines, according to the CEO of Century 21. 'I'm fearful that ... the average individual will miss what I think is one of the greatest opportunities I've seen in my years in this business,' said Thomas Kunz in...

A report from the Arizona Republic. "Thirty percent of all homes on the market in Anthem are being sold by banks, not homeowners. And the end may not be in sight. One Anthem homeowner who got caught up in the market frenzy of a few years ago is Tom Zotovich. 'I was under the assumption that the...

What do you see in your housing market this weekend? Incentives? "Facing a soft housing market, Nashville's real estate agents are moving in for a hard sell. The Nashville real estate market is glutted with an estimated 25,000 unsold properties. Stuck with properties they can't unload, homeowners,...

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The San Francisco Chronicle reports form California. "California's unemployment rate rocketed up by 0.6 percentage points in May - the largest one-month increase since the state began keeping records in 1976. Most of the job market's distress has stemmed directly from the housing crash....

I suggested a topic on the new Justice department arrests. "How about a topic on the new law enforcement actions this week?" A reply, "You wonder how far it will go. It appears that millions of people lied on mortgage applications, and millions of brokers abetted this behavior. You wonder if it is...

Please post off-topic ideas, links and Craigslist finds here.

Please post off-topic ideas, links and Craigslist finds here.

Please post off-topic ideas, links and Craigslist finds here.

The Union Tribune reports from California. "California housing sales were at their lowest level in 13 years last month, as prices slid 30 percent from year-ago levels, DataQuick reported yesterday. The 33,024 transactions statewide were down 6 percent from April and off 10.7 percent from May 2007....

Some housing bubble news from Wall Street and Washington. MarketWatch, "Home-builder executives said at an industry conference Thursday that they're making progress clearing out excess inventory, but warned that a recession and spiking unemployment could stop that advance in its tracks. 'No one...

The Daily Business Review reports from Florida. "Mami Beach's Fisher Island, Fort Lauderdale's exclusive Harborage Island and pricey private enclaves throughout Palm Beach County aren't normally where you'd think to look for a home in foreclosure. But in the last three months alone, more than 150...

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The Contra Costa Times reports from California. "Sales fell to a 20-year low in the Bay Area, but sales were hot for the foreclosure-ravaged East Bay, DataQuick reported today. While many were optimistic after a rise in sales between March and April, slow sales in high-end markets dragged down...