The Housing Bubble Blog

What do you see in your housing market this weekend? Repartments? A related video? How about lower prices? "Sales volumes were mixed but median prices were lower for previously owned Maui condominiums and single-family homes last month compared with a year earlier. For single-family homes, the...

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

The Tribune reports from California. "March blew in a slightly lower number of home sales to San Luis Obispo County and a drop in the median price compared to the same month a year ago. The median price of a home declined to $506,000 in March, a 10.4 percent decrease from the previous year, when...

Readers suggested a topic surrounding the latest bailout news. "Supporting a tax bailout is akin to supporting higher taxes, higher interest payments and ultimately serfdom. If the market is allowed to run its course, prices will fall and homes will once again be affordable." A reply, "IMO, this...

A report from the Arizona Republic. "The number of Valley residents who lost their home to foreclosure spiked more than tenfold in the past year as more and more homeowners fell behind on their mortgages. The problem may soon get worse. Mortgage delinquencies hit a four-year high last month." "'Our...

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

It's Friday desk clearing time. "Last week, a sign high over Interstate 75 reported for the first time there were more than 100,000 homes for sale in metro Atlanta. 'I’ve been selling real estate in Henry County 20 years and this is the largest inventory I’ve ever seen,' said associate broker...

The Recordnet reports from California. "The existing home sales market is down about 40 percent from a year ago, said (broker) Jerry Abbott. The number of houses for sale jumped, likely because of foreclosure listings, from 4,119 in February to 4,580 last month. 'It's been disappointing when...

The Home News Tribune reports from New Jersey. "There were 10,075 foreclosures in Central New Jersey last year, according to the JEC report. This means 1 in 87 homes, faced or are in the early stages of foreclosure, said JEC spokesman Israel Klein. 'I don't know what happened but this month, the...

The Sun Sentinel reports from Florida. "Home builder Ara Hovnanian was asked Thursday to rate the housing market on a scale of 1 to 10. 'Am I allowed to use negative numbers?' he said, drawing laughs from the crowd of about 400 at a real estate conference in Hollywood." "'We're in for a fairly ugly...

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

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

The Union Tribune reports from California. "Sales of San Diego County homes in March dropped to their lowest level since 1995, but prices bounced back, DataQuick reported. There were 3,218 sales, up 12.4 percent from February, but sales were down 26.3 percent from a year ago, the biggest...

The Mail Tribune reports from Oregon. "It sounded like the perfect home loan. When times were tight, Lola could pay as little as 1 percent interest on her Ashland home, postponing a payment or two until the end of the loan. And it was an adjustable-rate mortgage, which typically starts out lower...

Some housing bubble news from Wall Street and Washington. "Mortgage insurer MGIC Investment Corp. said on Wednesday its first quarter profit fell 43.4 percent as losses and expenses cut into its business. 'Deterioration in home prices...a downturn in the domestic economy or changes in our mix of...

The Orlando Sentinel reports from Florida. "Median home prices in the Orlando area tumbled sharply in March, just at the start of the critical spring buying-and-selling season. The median sales price for existing homes and condos sold by local Realtors fell by $15,000 from February to March, to...

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

CBS 5 reports from California. "A new survey shows Bay Area home listings jumped at one of the nation's highest rates. Investors are placing properties on the market, trying to sell them before the busy summer selling season. And more homeowners, desperate to avoid foreclosure are placing their...

The Journal Sentinel reports from Wisconsin. "Milwaukeeans' love of discounts is on full display in this year's housing market. 'With flooding inventory out there, it's not uncommon to see offers at 10 percent below asking price,' said Greater Milwaukee Association of Realtors President Dave...

Some housing bubble news from Wall Street and Washington. CNN Money, "The National Association of Realtors said Wednesday it expects its measure of home prices to fall this year for the first time since the group began tracking sales nearly 40 years ago. In its latest monthly forecast, the group...