The Housing Bubble Blog

The Indystar reports from Indiana. "A downward trend in Indianapolis' home-building market is fueling scores of job cuts and discounts that, in some cases, risk devaluing entire neighborhoods. The half-dozen or more national tract builders in the market, plus local players, are trying to hang on by...

The Miami Herald reports from Florida. "With the housing market stuck in slow motion, more and more condos nearing completion, and many jittery preconstruction buyers wanting out as closing day approaches, Magdiel Guillemi's betting he'll be able to buy at steep discounts. Then he hopes to sell for...

What so you see in your housing market this weekend? Lower prices? "Prices for some swanky pads on Long Island have been reduced recently, and it's taking longer to sell, signs that the high-end market has started to feel the pinch, same as the regular folks. Agencies' inventories of expensive...

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A report from the Arizona Republic. "At least one-quarter of all Phoenix-area homes to fall into foreclosure this year are owned by investors, according to an Arizona Republic analysis of residential foreclosure records. The number is rising monthly as investors fall behind on climbing payments....

Readers suggested a topic around interest rates. "The biggest topic of the week has to be the massive jump of the yield on the 10-year. The last hope of the housing market was the dream that the Fed still had control of the situation and could lower interest rates. This would set everything right...

The Baltimore Sun reports from Maryland. "The average home price in the Baltimore region fell for the first time in six years last month, reflecting a sputtering housing market that continues to lose momentum. 'Clearly things are going to get worse, with prices likely falling somewhat, new housing...

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It's Friday desk clearing time for this blogger. "Jackson County, Oregon's residential real estate market is going through a variety of fits, spurts and convulsions heading into the summer selling season. The broad brush analysis is that median sales prices continue to dip from inflated high-water...

The Review Journal reports from Nevada. "The number of homes listed for sale in Southern Nevada topped 23,000 in May, just shy of the record 23,474 single-family homes for sales in October, the Greater Las Vegas Association of Realtors reported Thursday. The median price of a single-family home...

Some housing bubble news from Wall Street and Washington. "Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn't count on help from Washington this year. Regulators and lawmakers seem to be taking a wait-and-see approach as they confront the fallout from several years of...

The Bradenton Herald reports from Florida. "April marked the second month in a row that saw existing-home sales in the Bradenton-Sarasota market increase. It was the only market in the state that showed a positive change, according to numbers released by the Florida Association of Realtors."...

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And send housing bubble photos to: hbbphotos@gmail.com

The LA Times reports from California. "Currently, nearly 3% of the homes for sale in Southern California are owned by lenders, according to ZipRealty, up from a fraction of 1% a year ago. 'Volumes are increasing, definitely,' said Patrick Carey, the executive in charge of foreclosed properties at...

The News Tribune reports from Washington. "Rising prices and sinking sales made for a mixed housing market in Pierce County last month as several thousand homes vied for buyers’ attention. Pending sales declined 21 percent, the largest year-over-year drop so far in 2007 and the biggest in the Puget...

Some housing bubble news from Wall Street and Washington. "Homebuilder Meritage Homes Corp. said Wednesday it expects to fall short of its previous 2007 guidance as a result of weaker-than-expected April and May home sales. According to preliminary figures, net sales for the first two months of the...

The Journal Constitution reports from Georgia. "Teresa Weathers may have bitten off more of the American Dream than she can afford. Recently laid off from her job as a mortgage loan processor and unable to find more work, the Clayton County resident is two months behind on the $1,345 monthly...

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The Fresno Bee reports from California. "After years of seeing their buying power eroded by rising home prices, moderate-income home buyers in Fresno are starting to see some relief. That's according to the California Association of Realtors' First-time Buyer Affordability Index. For the first...