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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.
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When will inflation-adjusted DC-area housing prices return to pre-bubble levels?
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Bubble Meter Archive
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2006
(546)
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June
(48)
- Its Been Busy, Here are Some Links
- Fed Raises Rates by 1/4
- FOMC Meeting, Announcement Expected Soon
- Fannie Mae
- Blanche Evans of Realty Times Sounds Desperate
- Blog Rules
- Federal Reserve Board Starts Two Day Meeting
- Condos in U Street Corridor in DC
- NAR: May Existing Home Sales
- Extremely Bubblicious in Phoenix Metro Area
- May 2006 New Home Sales
- David Lereah's 'New' Book
- BubbleSphere Roundup
- Interest Rates Continue to Rise
- The Bubblicious Fence
- David Lereah's Book: How the Cover Changed
- In Chicago 'Bloodbath' ended first condomania
- Where are the Greater Fools?
- Danbury Station in Washington, DC
- AP: Foreclosures may jump as ARMs reset
- Bubble Sphere Roundup
- Freddie Mac Can't Get Their Books Right
- Pictures :-)
- What's Next for The MLS?
- Mr. Lereah is Backpedaling!
- Quick Links
- Recent Housing 'Investors' Are Hurting
- Harvard's 'The State of the Nation’s Housing' Stud...
- Bernanke: Most in U.S. manage money well
- Bubble Meter Blog Mentioned in Washington Post Exp...
- The Motley Fool Takes on NAR and David Lereah
- Year over Year Median Sales Price Stagnates in Nor...
- Bubble Sphere Roundup
- Watcha Gonna do Ben?
- Rent vs Buying A Similar Property
- Homebuilders' Stock vs.Nasdaq vs. S & P 500
- More DC Pictures
- NAR to Bernanke: Don't Raise Rates
- Crab Feast To Sell Condos in Silver Spring
- Housing Bubble Blogs Falling Like Flies
- Ben Bernanke Speech
- June FOMC Meeting
- NAR Blog has NOT been Updated Recently
- Q & A Time
- Bubble Sphere Roundup
- Washington, DC Pictures
- OFHEO 1Q Housing Data is Out
- Hurricane Season is Here
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June
(48)
Davd, Great idea on giving the link to this website! We're lucky to have such kinds of quasi-governmental organizations in this country making it easier for more and more of us to be homeowners. You're giving the link to it on your website will maybe make it easier for individuals to educate themselves on all the possibilities out there for financing a home even in these very difficult to buy, high-priced times we are living in.
ReplyDeleteQuick! Shut down the comments section!
ReplyDeletelol!
ReplyDeleteTwo observations:
ReplyDelete(1) the month-old press release
"Fannie Mae Agrees to Comprehensive Settlements with OFHEO and SEC" leaves out the crucial informaiton that, AFAIK, they still can't certify their financial statements, and (2)they consider people with "less-than-perfect credit" as having "special needs". I'm surprised they're not lobbying for ADA coverage.
anon said:
ReplyDelete"(2)they consider people with "less-than-perfect credit" as having "special needs". I'm surprised they're not lobbying for ADA coverage."
So, you don't think they should be helping make homeownership possible even for those with dings in their credit? Throw 'em out to the wolves, huh? That's harsh man!
In response to Lance
ReplyDeleteI should made it clear that my second observation related only to Fannie's use of adspeak in place of plain language. I guess an article entitled "Fannie Mae helps people who can't pay their bills get six-figure mortgages" might make investors nervous. I do not, however, intend to make light of people who have had financial difficulties. Most of us will face them at some point in our lives.
However,(1) you assume that less-than-perfect credit=few dings, and(2) not having FNMA support loans to those with "special needs" does not = throwing them to the wolves--they may simply have to pay a higher rate as determined by the market, as opposed to rates supported by a GSE. I do like your use of the word harsh; reminds me of California.
A quick look through your plentiful posts in the last few topics on this blog indicates your passion for detail and thorough replies. I would be interested to have your response to the first point raised in 9:33 -am.
Anon asked:
ReplyDelete"(1) the month-old press release
"Fannie Mae Agrees to Comprehensive Settlements with OFHEO and SEC" leaves out the crucial informaiton that, AFAIK, they still can't certify their financial statements"
From what I read in a previous post on this blog from a former Freddie Mac person, this only relates to their internal accounting ... i.e., their shareholders could get hurt. It has nothing to do with the loans they helped get processed. It makes sense to me. They seem to be accomplishing their mission which is to set loan underlying guidelines such that more loans are made and these are made responsibly so that the individuals/banks holding the loans aren't left holding valueless instruments.
dc housing news/ bill,
ReplyDeleteHave you ever heard of the word "libel" ... keep spreading your lies about my being a real estate agent and I'm going to be looking into how to make you accountable for your lies. You've had to register your new blog ... so, you are traceable ... fairly easily.
Lance,
ReplyDeleteAs I have previously stated, I admire the passion and precision with which you put your arguments. Therefore, it is with regret that I must give you a D for your last effort.
"From what I read in a previous post on this blog from a former Freddie Mac person, this only relates to their internal accounting ... i.e., their shareholders could get hurt. It has nothing to do with the loans they helped get processed. It makes sense to me. They seem to be accomplishing their mission which is to set loan underlying guidelines such that more loans are made and these are made responsibly so that the individuals/banks holding the loans aren't left holding valueless instruments."
In seriatum,
--quoting a "Freddie Mac person" (sic) is authoritative...how?
--"this only relates to their internal accounting ... i.e., their shareholders could get hurt." Gee, 'how bout those shareholders being municipal and private pension funds, 401K participants, and trustees who bought Fannie stock based on bogus earnings reports?
-- and "...they seem to be accomplishing their mission..." -- well, time will tell.
BTW, calling someone a "real esatte agent" is not libelous unless its use causes injury to that person's reputation (e.g. calling someone a criminal).