The Housing Bubble Blog

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The Burbank Leader reports from California. "The average price for a single-family home in Burbank dropped almost 5% from August to September, and the number of residences listed on the open market in the same period increased almost 50%, according to the National Assn. of Realtors. 'There’s a...

Readers want to hear how you deal with the housing bubble and the people around you. "I would like to see a thread on how to deal with bubble related issues in the people around you. How have you dealt with parents who think you should buy, coworkers who somehow 'blame' you for the bubble, friends...

The Dallas Morning News reports from Texas. "More than 30 of the 45 residential areas The Dallas Morning News tracks have had declines in home sales this year. The biggest declines have been in Coppell and Westlake, which has almost an eight-month supply of houses on the market. Many buyers who...

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It's Friday desk clearing time for this blogger. "Hanoi’s real estate market is heating up day by day with the prices of apartments in luxury areas like Ciputra, The Manor, and Trung Hoa-Nhan Chinh up by nearly 100%. Mrs Hoa, who owns a villa and an apartment at Ciputra, said that she had decided...

The Modesto Bee reports from California. "A 133-unit condominium project across the street from California State University, Stanislaus, is in danger of falling through, leaving investors in the lurch. The landowner, Modesto attorney Ralph Ogden III, said low-income apartments are one of five or...

Some housing bubble news from Wall Street and Washington. Bloomberg, "Rhinebridge Plc, the IKB Deutsche Industriebank AG structured investment vehicle that has lost about half its value, is unlikely to repay all its debt. Rhinebridge suffered a ;mandatory acceleration event; after IKB's asset...

Dow Jones Newswire reports on Florida. "Advisers say even millionaire clients aren't immune to fallout from current real-estate market woes. Take, for example, a wealthy client of financial adviser Michael Charleton. 'He came to me with about $3 million' just about four years ago, Charleton says....

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

The Contra Costa Times reports from California. "Bay Area home sales sank to their lowest point in about 20 years in September and jumbo mortgages fell by almost 50 percent, DataQuick reported Thursday. Homes purchased with jumbo mortgages, or those over $417,000, dropped from 3,762 in August to...

A report from the Coloradoan. "While it's no surprise the real estate market is battling with foreclosures stemming from the subprime fallout, some industry experts say the region hasn't seen the worst of it. For the first quarter of 2007, the Colorado Division of Housing reported 9,254 foreclosure...

Some housing bubble news from Wall Street and Washington. MarketWatch, "Bank of America Corp.'s third-quarter net income fell 32% from a year ago as trading losses, write-downs on a wide variety of loans and soaring reserves for likely future loan losses undermined profit, financial results showed...

A report from the New York Post. "Mayor Bloomberg provided the answer yesterday to the question that's on a lot of New Yorkers' minds: Are housing prices here going to drop? Yes - with an important qualifier - was the mayor's assessment. 'I think you can expect real-estate prices to fall,' he said....

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The Union Tribune reports from California. "The six-county region, including San Diego County, saw a year-over-year sales decline of 48.5 percent, to 12,455 transactions. That was the lowest monthly total since DataQuick began keeping records in 1988. Lori Staehling, next year's president of the...

King 5.com reports from Washington. "Selling a home in the Seattle area has become trickier. What used to sell in one week can now take months. Home sellers are going to more and more extremes, offering enticing incentives to hook a buyer. Those boom days when homes in Seattle could be sold in a...

Some housing bubble news from Wall Street and Washington. Bloomberg, "Housing starts in the U.S. plunged more than forecast to a 14-year low in September, the Commerce Department said. Building permits fell 7.3 percent to a 1.226 million pace. The number of housing starts was the lowest since March...

The News Press reports from Florida. "Many of the Real Estate Network Services's clients, 65 percent, are faced with a 'short sale' situation, where the loan balance exceeds the home's market value, said broker Beth White-Dahlstrom. 'It's very intricate, right now, to make sure that a property...