The Housing Bubble Blog

The Daily Breeze reports from California. "The South Bay MLS of properties for sale shows more homes with reduced prices, and more cumulative days on the market. So why are collective median prices in the South Bay and Los Angeles County mostly going up if an increasing number of list prices of...

The Morning News reports from Arkansas. "When a real estate market is hot the news travels fast and far. That was the case in Northwest Arkansas not too long ago as real estate investors from California and Idaho tapped into the housing sector with investment dollars. The strength of solid...

What do you see in your housing market this weekend? A new home sale? "This is your LAST CHANCE to get a new Centex inventory home at a drastically reduced price. If you’ve been waiting to buy, NOW’S THE TIME!" Or lower prices? "Residential home sales have fallen 22.6 percent in the period of Jan....

The State reports from South Carolina. "Bill Rhomberg is without a worry in the world, except for the two-bedroom, two-bath baggage he left behind in nearby Bluffton. There sits Rhomberg’s 1,900-square-foot home on a golf course. It is for sale. So are 280 other houses in Sun City. After no bites,...

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

The Mercury News reports from California. "Home prices in parts of (Silicon Valley) are finally falling. That should be great news for prospective buyers. But fewer are lining up for the loans these days. 'The problem seems to be that people are skittish right now because of what they're hearing...

Readers suggested yesterdays proposal as a topic. "I think a good topic is the bailout now being pushed by president Bush." One replied, "I really don’t know of anyone who supports any bailout encouraging greed and fraud. This extends from my 'Rush Limbaugh' Father-in-law to my ex Hippie friend....

The Asbury Park Press reports from New Jersey. "Westminster Communities and Paramount Homes representatives say they are concentrating on selling the condominiums they have built and will continue to do so despite a housing market that, in Metro Homes' Dean Geibel's words at a business luncheon...

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

It's Friday desk clearing time for this blogger. "When it comes to the slump in new homes, Myrtle Beach is getting hit much harder than any other metro area in the state. But, if you're not a contractor or trying to sell your home, that news is really pretty good. The president of the...

The Sacramento Business Journal reports from California. "Rather than drop prices to entice buyers in less time, John Leonard slashed prices on 22 new homes he built in West Sacramento to sell them in a day -- he hopes in less than an hour. He's hired a public auction company to sell homes in his...

Some housing bubble news from Washington and the Wall Street Journal. "President Bush, looking for ways to respond to the subprime-mortgage crisis, will outline a series of policy changes and recommendations today to help borrowers avoid default, senior administration officials said. 'The president...

The Wall Street Journal reports on Florida. "Investors played a big role in pumping up home prices during the housing boom. Now, they account for an outsize proportion of loan defaults, mortgage bankers and builders say. Sazzad Khandakar is among the nation's distressed home investors. In early...

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

As is tradition, this blogger will take Labor Day off. So topic suggestions will run through the holiday. Post housing bubble pics at: hbbphotos@gmail.com

The Mercury News reports from California. "The housing meltdown and resulting credit crunch have unleashed new calamities on consumers, loan companies and home builders on an almost-daily basis. 'Customers are looking for loans that no longer exist,' said Christopher George, president of San...

The Rocky Mountain News reports from Colorado. "Colorado is on pace to see a 25 percent increase in foreclosure filings this year, with 19,460 being filed in the first six months of the year, according to a Colorado Division of Housing report released today. Zachary Urban, administrator of the...

Some housing bubble news from Wall Street and Washington. "Flippers and other speculators investing in single-family homes helped drive up prices in many hot housing markets during the boom. Now they're contributing heavily to mortgage delinquencies in several of those markets. 'Defaults are on the...

The Ellsworth American reports from Maine. "Sales of single family houses in Hancock County dropped 19 percent for the first six months of this year compared to the same period last year, according to the Maine Real Estate Information System. 'House sales are definitely off,' said Danny Sargent,...

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