The Housing Bubble Blog

Some housing bubble news from Wall Street and Washington. MarketWatch, "The U.S. housing market weakened slightly in March, as resales of U.S. homes fell, inventories climbed, and prices continued to decline, the National Association of Realtors reported Tuesday. Resales have sunk 19.3% in the past...

The Ahwatukee Foothills News reports from Arizona. "No one says that the Arizona housing market has recovered, but it just may be that the free-fall of values and glacial sales have bottomed out, at least according to some real estate agents and the Arizona State University's W.P. Carey School of...

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The LA Times reports from California. "They filed into the Eagle Rock open house alone and in groups. Twenty-three families checked out the bedrooms and kitchen during the four-hour open house on a recent Sunday. Three expressed interest in buying the three-bedroom 'character home,' as agent Denise...

Some housing bubble news from Wall Street and Washington. MarketWatch, "Bank of America Corp.'s first-quarter profit fell 77% as credit-loss provisions jumped $4.78 billion, driven by weakness in home-equity loans as well as credit extended to small businesses and home builders, the company said...

Reuters reports on Florida. "The surprisingly healthy market for oceanfront mansions and palatial condos in Florida, one of the most toxic states in America's housing meltdown, may finally be showing some cracks. At a recent luxury property auction in Fort Lauderdale, the auctioneer took home after...

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The Vashon-Maury Island Beachcomber reports from Washington. "As Davina Dilley knows all too well, Vashon — like many other parts of the country — has seen a shift in the world of real estate: It’s now, she says, a buyers’ market. Davina and her husband put their house on the market last summer,...

Readers suggested past housing bubble quotes and what they mean to the timing of the cycle for a topic. "How about a quick link to the retarded quotes we’ve heard over the years from useless turds like Lereah, (fun)Yun, Seiders, etc. There’s a treasure trove of classic $hit out there." One...

What do you see in your local housing market this weekend? Lower prices? "Home prices in New York's Long Island suburbs fell in the first quarter from a year ago and the number of properties for sale rose. 'The market is certainly weaker than it's been in the last couple of years,' said Jonathan...

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The Press Enterprise reports from California. "Throughout Riverside and San Bernardino counties real estate agents say that since the first of the year they have seen multiple offers reminiscent on a small scale of the home-buying rush of a couple years ago. The real estate market now is fueled...

A report from Southwest Texas Live. "Is the national lending and foreclosure crisis harming real estate values in Del Rio and Eagle Pass? As with most controversies, it depends on who you talk to. Eagle Pass Realtor® Charlotte Banks is nervous. Her market share of foreclosed homes to sell has...

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It's Friday desk clearing time for this blogger. "The latest trend in a South Florida housing downturn limping into its third year? Traveling tours of foreclosed homes. On Thursday, a zebra-striped Hummer limousine rolled to a stop in front of a vacant, two-story yellow house on a corner lot in...

The Marin Independent Journal reports from California. "The median price of a single-family home last month was $862,500, down from $965,000 a year earlier, and just 110 single-family homes were sold - about half as many as the 218 sold in March 2007, DataQuick reported. Sales totals 'were easily...

The Rocky Mountain News reports from Colorado. "The 2007 Parade of Homes, which featured five display homes in the $2 million range in Southshore near Aurora Reservoir, illustrates the plight of the struggling, upper-end market in the suburbs. More than six months after the end of the parade on...

And send in your housing bubble piccs to: hbbphotos@gmail.com

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The San Francisco Chronicle reports from California. "The housing crisis showed no signs of abating during the traditional start of the spring selling season, as Bay Area home sales clocked another record low month in March. In the nine-county area, 4,898 new and resale homes and condos changed...