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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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The Bubble Meter Philosophy
The best way to get the housing market thriving again is to drop prices to the point where supply equals demand. Home sellers might not like it, but it's good for buyers and it's great for Realtors.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
My Other Blog
Housing Prices Since 1970
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- Bay Area Real Estate Blog
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- Burbed (San Francisco)
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- Greater Northern VA Housing Bubble Fallout
- Irvine Housing Blog
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- Patrick.net (San Francisco)
- Portland Housing
- Proffesor Piggington (San Deigo)
- Sacramento Land(ing) Blog
- Seattle Bubble
- SoCal Real Estate Bubble Blog
- Socket Site (San Francisco)
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When will inflation-adjusted DC-area housing prices return to pre-bubble levels?
Are housing prices about to experience a double-dip?
How should the U.S. government balance the budget? (Check all that apply.)
What is your political affiliation?
What sparked the housing bubble?
Is the recession over?
Who bears responsibility for the housing bubble? (Check all that apply.)
What is your living situation?
Was subprime lending a cause or an effect of the housing bubble?
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Bubble Meter Archive
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2005
(341)
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November
(65)
- PBS Interview with David Lereah
- 2006 mortgage conforming limit rises to $417,000
- It's the Inventory Stupid!
- New Home Sales Shoot Up?
- Great Story On Another F*cked Borrower
- Pop Goes the Bubble
- US External Debt and The Bubble
- Jim Kunstler's Post
- 60 Minutes Piece on McMansions
- Ads on Housing Bubble Blogs
- Black Friday. Sales Surveys are Mixed
- Local Realty Add
- Bubble Market Defined
- Black Friday: Consumerism Unleashed
- Happy Thanksgiving
- DC: 7441 8th Street, NW
- Bubble Basics
- Quote of The Day
- Cold Weather, Cooling Prices In Boston
- Two Books
- Chill Hits Housing
- Web Traffic Increasing on Bubble Meter Blog
- Homes for Sale in a Silver Spring Neighborhood
- Washington, DC: 313 17TH ST SE
- Cheerleading Quote of the Week
- The New American 'Hissing Housing Bubble'
- 8406 Hartford Avenue Silver Spring, MD
- Urban Institute Report: 'Housing in the Nation's C...
- New Mortgage Related Blog
- Inventory Rising in Washington,DC
- We Need a Protest at NAR
- ARM Interest Rates Are 'Stabalizing'
- Sacramento Housing Market
- NAR's Housing Market Reports
- NAR: 3Q Median Sales Prices
- NAR: Market-by-Market Home Price Analysis Reports
- NAR: Anti Bubble Q&A
- NAR & Lereah: Full of Contradictions
- Lereah on the Proposed Mortgage Changes
- Update: 1668 Oak St NW
- Flippers Becoming Worried; Trying to Sell
- Simulated Inventory Boom in Fairfax County
- Falling Leaves, Falling Prices II
- Bankrate 'Mortgage rates hit 26-month high'
- The Coming Recession
- Bubble Meter Blog Mentioned in Consumer Affairs
- Washington Post 'Housing Market Cooling, Data Say"
- Las Vegas: La La BubbleLand
- Housing.com Blog Declares The Bubble's Death
- Mortgage Application Up; Refinances Down; Interest...
- Freddie Mac Ad in the WashingtonPost
- 605 I Street NE
- Bubble Popper Post on Craigslist
- ARM Rates Continue To Rise
- Falling Leaves, Falling Prices
- Home Mortgage Ad: MSM Funding
- Chicago In the Fall
- Montgomery County, MD Inventory
- US National Debt & The Housing Bubble
- 'Sunshine is the best disinfectant'
- USAToday Article
- Globablization & Bubble Markets
- NAR Releases Local Anti-Bubble Research
- Mark Zandi On the California's Housing Market
- DC Rowhouse Rehab: 1343 Otis Place NW
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November
(65)
How confusing. What does he mean by that? "4-4 1/2 Percent full-service listing." Is the word "commission" taboo?
ReplyDeleteWhat's up with all those "price includes" items? "Directional signals?" Is that what they call signs with arrows that say "open house?" Good Lord. "Directional signals." Then there's that "no administrative fees" claim. Isn't the commission the "Administrative Fee?" And what about that "FREE" moving truck? How big is it, and for what distance? I'll bet it's not cross-country free.
And who's going to buy that "live chat 7 days a week" pitch? Live when? Whenever the agent logs on?
Finally, the 1-percent kickback under the "New Construction" label. It says: "we give back to our buyers $500 per $100,000 of the purchase price from our commission on ‘resale’ homes. Hello? If it's a "resale" then it's not "new construction." And, read that last little bit, "based on 3-percent commission." So, does that mean "The Home of 4%-4 1/2% Full Service Listings" is going to take 3 percent of that commission and provide ONLY 1 to 1 1/2 percent to the buyer's agent? Hmm. I thought this was a BUYER'S market? So what BUYER'S agent is going to settle for THAT? And, what if the buyer's go with the same agent? Shouldn't the seller's kickback be based upon the FULL commission? You betcha.