The Housing Bubble Blog

The Voice of San Diego reports from California. "With sales rates withering, price reductions multiplying and foreclosures mounting, the region's housing market is getting accustomed to life in slump times. Prices for standalone resale homes in San Diego County logged an 8.3 percent drop over the...

9 News reports from Colorado. "Neumann Homes, the builder of the Village at Harmony Park and three other local developments, has declared its intention to file for Chapter 11 bankruptcy. That is a big problem for Lori Hartman who lives at Harmony Park in Westminster. She recalls the day her...

Some housing bubble news from Wall Street and Washington. Reuters, "GMAC reported a $1.6 billion third-quarter loss on Thursday, as housing and capital market disruptions caused losses to hemorrhage at its home lending unit. Results reflected a $2.26 billion loss in GMAC's Residential Capital LLC,...

Seacoast Online reports from New Hampshire. "Housing prices continue to spiral downward nationwide, making the real estate market tough for buyers and sellers alike. 'The Seacoast clearly isn't getting hit as hard, which isn't to say we aren't still getting hit,' York real estate broker Jim Hager...

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The Recordnet reports from California. "When Consuelo Magat bought a Mossdale Landing home in Lathrop three years ago, she had no idea she was buying into an area that would emerge as one of the hotbeds of foreclosure activity in California. Magat said she bought the Lathrop house for $636,000 as a...

KPVI reports from Idaho. "In Bonneville County in September, the number of offers to reduce a price in order to induce a sale tripled over the same month last year. The number that could prevent an overall record year in sales is the number of homes sold lately, in September and October, 189 this...

Some housing bubble news from Wall Street and Washington. Bloomberg, "Defaults by U.S. homeowners with private mortgage insurance jumped by 22 percent last month after house prices fell the most in at least six years, an industry report said. The number of insured borrowers more than 60 days late...

The Montgomery Advertiser reports from Alabama. "There may be more houses on the Montgomery market than at any time in its history, and this glut of homes has led to the average price of existing homes in the area dropping about $20,000 in the past two months. The 3,629 homes on the Montgomery...

Here is the Clear Channel Radio program I did this past weekend. Right click / save link to disk. Save the audio to your hard drive. Only takes 45 seconds.

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The Modesto Bee reports from California. "A buyer in the current market has several advantages, particularly if they have good credit, a sizable down payment and a willingness to shop thoroughly. When the market was at its peak, Kimiko Horiuchi avoided buying because prices were too high. Now, she...

The Business Journal reports from Indiana. "Melinda and Brooks Bertl know the ups and downs of the current real estate market—personally. They started looking for a home to buy this spring and it took them only two weeks to find one they liked in Carmel. In March, the couple put their...

Some housing bubble news from Wall Street and Washington. MarketWatch, "The 13-month-long decline in home prices in 20 major U.S. cities accelerated in August, with prices dropping a record 0.7% in the month, according to the Case-Shiller price index. Prices were down 4.4% in the past year, the...

NBC 2 reports from Florida. "The NBC2 Investigators looked into the real estate market slump and uncovered one thing sellers could do to turn the market around. Although the buyers are there, some home prices are at 2002 levels. Many buyers are waiting for the prices to drop. 'What we have are...

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The Los Angeles Business Journal reports from California. "California's housing market, suffering from a slump in single-family home and condominium sales, will 'stay tough for quite some time,' KB Home CEO Jeffrey Mezger said, Bloomberg News reports. 'I think it's going to take quite some time for...

A report from the Arizona Republic. "Still dragging down the market is the number of existing homes for sale. Listings are still hovering in the mid-50,000s. Resales continued their slide in September, as did the median price of existing homes sold. Lower prices are helping the new-home market now....

Some housing bubble news from Wall Street and Washington. Bloomberg, "UBS said Monday that the slumping U.S. housing market may lead to further write-downs on debt securities following the company's first quarterly loss in almost five years. UBS, the largest bank by assets in Europe, is at risk...

The Times News reports from North Carolina. "Hendersonville's downtown condominium market may be a casualty of a nationwide housing slump as several upscale condominium complexes announced over the past two years have stalled. The condominiums were all proposed for downtown when the housing market...