If there is one post you read about the housing bubble this week it should be Ghost Housing Market. Incredible post.
There is the Sacramento Real Estate Statistics Blog which offers what it promises. The author just launched a spin off blog titled Sacramento Area Flippers In Trouble Blog. It shows dozens of properties that have been bough recently and are now being offered at less or the same as the previous purchase price. Some flipper already have negative equity in their property. It will be ugly as the housing prices continue to decline in the bubble markets. The blogger blogs "If you ever needed proof that itÂ’s possible to lose money on real estate, I'’ve got it for you."
Bubble Markets Inventory features posts about Henderson, NV (Las Vegas suburb) and Poway, CA. Solid blog.
Sunday, July 23, 2006
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