The Housing Bubble Blog

The Orlando Sentinel reports from Florida. "Exactly one year after hitting an all-time high, Orlando's existing-home sales had their slowest August in four years last month as the area's housing market continued losing steam at a slow but steady pace. The number of homes resold in the core Orlando...

From New York Magazine. "It’s been a funny sort of summer in the real-estate world, as the July and August doldrums have felt less like the usual quiet and more like the beginning of something bad." "Ask broker Lisa Wong, who admits to a little survivor guilt. Though she’s been able to buy and sell...

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The LA Times. "Southern California's housing market continued to cool last month as Los Angeles County's home prices rose at their lowest rate in six years while San Diego County's price declines worsened, data showed. 'It's clear that a price correction is underway, but it's a matter of...

A housing report from Oregon. "At Northwest Crossing, construction crews are working at a torrid pace and literally laying a foundation for the future of Bend. with Brooks Resources Corporation describes Northwest Crossing. Already, 350 homes in Northwest Crossing have been sold, with another 100...

Some housing bubble reports from Wall Street and Washington. "Countrywide Financial said Thursday that August mortgage fundings fell 24% to $40 billion. 'Total mortgage loan fundings..declined year over year as a result of the expected industry slowdown,' CEO Angelo R. Mozilo said." The LA Times....

The Orlando realtors have their August numbers out. "The number of homes sold in August of 2006 dropped by 33.7 percent when compared to August of 2005. The inventory of available homes continued its upward trend in August with the addition of 7,039 new listings contributing to a total inventory...

The Post and Courier reports from South Carolina. "Mount Pleasant has more than double the number of homes for sale than last year, and town leaders are worried. As of Sept. 6, Mount Pleasant had 1,399 homes on the market. On Sept. 5, 2005, the town had 645 homes for sale. 'What the trend means is...

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The Northwest realtors have the August numbers out. "Northwest MLS figures show the volume of active listings stood at 33,316 at the end of August, up from the year-ago inventory of 23,260 properties. The selection includes 29,404 single family homes and 3,912 condominiums. MLS members added 14,077...

The Associated Press reports on Poland. "House and apartment prices in Warsaw and other leading Polish cities have spiraled upward, a boom driven by low interest-rate mortgages, housing shortages and foreign speculators snapping up real estate as investments." "'The demand is generally driven by...

Some national reports on the housing bubble. "Housing prices are expected to continue to have a limited fall throughout 2006, according to the National Association of Realtors. 'After five years of outstanding growth, the housing market is undergoing a period of adjustment and becoming more and...

The Union Tribune reports on the Dataquick numbers. "San Diego County's residential real estate market continued to cool last month, with overall prices down 2.2 percent from August 2005. It was the third straight month of year-over-year price declines, DataQuick reported. It also was the slowest...

Some housing reports from the Twin Cities. "The housing market in the Twin Cities continued to cool in August, with the number of sales in the metro area dropping by 27.2 percent compared to a year ago. Trends in listings, sales and home prices also signaled that the market will continue to favor...

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The Voiceofsandiego.org has the latest Dataquick numbers from San Diego. "Overall median home prices dropped 2.2 percent last month from August 2005, sliding from $493,000 a year ago to $482,000, according to new numbers from DataQuick today. The number of sales in August, 3,666, dropped 31.8...

Some housing bubble reports from Wall Street and Washington. "CEO Robert Toll said the U.S. housing market got ahead of itself due to greed on the part of buyers and sellers, and that it now likely faces the highest level of speculative inventory ever. 'Every day there's an article about how lousy...

The Mail Tribune reports from Oregon. "For the first time since 1984, the median price of a home sold in Jackson County went down, spurred by declines on both sides of Medford. High inventories, fewer first-time buyers and a wait-and-see attitude on the part of newcomers to the market pulled the...

The August numbers are out for Arizona. "It was no easy summer for home sales. May was the worst May in three years. June was the worst June in six years. July was the worst July in seven years. And now August is checking in as the worst August in four years, according to the Arizona Real Estate...