The Housing Bubble Blog

The Toledo Blade reports from Ohio. "Industry reports this year have indicated a slide in the national housing market and price drops in Michigan and Ohio. But the latest report paints a stark picture. Toledo ranked last out of 10 metropolitan areas in Ohio, according to the Office of Federal...

The Hartford Courant reports from Connecticut. "Sales of single-family houses in Connecticut dropped sharply in September, raising concerns that prices may dip if sales continue to decline. The 25-percent plunge in sales in September, the deepest in 12 straight months of sales declines, caught the...

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The LA Times reports from California. "Housing construction in California dropped sharply last month, led by a steep decline in single-family homes. In October, the number of permits declined 29% compared with a year ago, the California Building Industry Assn. said. Builders are backing off...

A housing report from the Arizona Republic. "Those mountain vistas, star-filled skies and expensive furnishings in Ahwatukee Foothills are coming at a steep price - sometimes of the home itself. Homeowners, many strapped with some of the highest credit-card debt in the Valley, are falling behind on...

Some housing bubble reports from Wall Street and Washington. CNN, "Home prices rose in the third quarter but at a slower pace than in the second quarter, a government agency said Thursday, the latest sign that the housing market is still trying to find a bottom. The Office of Federal Housing...

The Daily Business Review reports from Florida. "No one can point to any single reason for Palm Beach County’s drastic downturn in home prices, but real estate players identify a slew of contributing factors." "Susie Van Pelt, an agent in North Palm Beach, has a listing for a waterfront condo at...

The Boston Globe reports from Massachusetts. "The median price for a single-family home has fallen 7.8 percent since hitting a peak of $370,000 in June. Sales of single-family homes fell 16.5 percent from the previous October to 3,239. In each of the past three months, single-family home sales fell...

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The North County Times reports from California. "Home sales in the San Diego region decreased 19.2 percent last month compared to the same period a year ago, while the median price of an existing home was down 4.5 percent to $574,530 from $601,850 in October 2005, a Realtors group reported." "In...

The Denver Post reports from Colorado. "New-home sales in metro Denver are down nearly 20 percent through the first nine months of the year, a new report says. Existing-home sales declined 9.5 percent compared with the same period last year, according to a report by the Genesis Group. 'The resale...

The Illinois realtors report on October sales. "October home sales were down 9.7 percent, compared to 14,430 sales in October 2005. Year-to-date home sales (including single-family and condominiums) totaled 145,678 in 2006, down 7.1 percent from 156,746 homes sold from January through October of...

Some housing bubble reports from Wall Street and Washington. "Sales of new homes fell 3.2% in October to a seasonally adjusted annual rate of 1.004 million, the Commerce Department estimated Wednesday. New-home sales are now down 25.4% in the past year. Measured out over the first 10 months of 2006...

The Herald Tribune reports from Florida. "Prices remain the story in home sales, with Sarasota-Bradenton prices falling 18 percent in October, the second biggest drop in the state. The Charlotte County-North Port market was not far behind, with a drop of 17 percent, from $243,900 to $202,800."...

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The California realtors have this October report. "Home sales decreased 28.7 percent in October in California compared with the same period a year ago, while the median price of an existing home increased 2 percent. 'While it appears that home sales have stabilized over the past three months, it’s...

The Massachusetts realtors report on October sales. "Local home prices showed signs of 'stabilizing' in October, the Massachusetts Association of Realtors said today. The median sale price of a single-family home was down 2 percent in October to $341,000 from the same month a year ago." "According...

The Florida realtors have the October sales out. "The pace of home sales in Florida continued to slow in October. A total of 12,773 existing single-family homes sold statewide last month, a decrease of 22 percent from the 16,407 homes sold during the previous October, according to the Florida...

The October existing home sales numbers are out. "The price of existing homes sold in October fell for the third straight month and posted the biggest drop on record, according to an industry trade group report. The number of homes sold in the month is down 11.5 percent from the pace of sales a...