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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.
80k unique visitors. I'm so jealous.
ReplyDeleteM
In the interests of fairness and full information, I note that 8/01 listing inventories on HousingTracker stand at 11,706.
ReplyDeleteThis is as low as listing inventories have been since 6/01.
Since 8/14/05, asking prices have come down about 3% on the 25th percentile, 4% on the median, and 8% on the 75th percentile.
Since sales are much slower and houses aren't going very quickly at these asking prices, prices will have to fall farther to clear this out.
In order to have a hard landing, falling prices would have to pull more inventory on the market (because of people who counted on appreciation to afford their house payments and buyers who are no longer desperate out of fear of "being left behind") and condos would have to keep coming on the market faster than people buy them at current prices. Those will the the big ifs to tell us whether we're looking at a hard or soft landing.
I thought I was looking at an interest rate graph at first...
ReplyDeleteLooks like many are keying housing bubble in the last month. Wonder why?
ReplyDeletei think i know
"Those will the the big ifs to tell us whether we're looking at a hard or soft landing."
ReplyDeleteSo basically, all this talk of doom and/or gloom may have been pointless?
yes.
ReplyDeleteI just deleted it.
ReplyDelete"So basically, all this talk of doom and/or gloom may have been pointless?"
ReplyDeleteIf you play Russian Roulette and don't die, does that mean you were smart to play Russian Roulette?
If you play Russian Roulette and don't die, does that mean you were smart to play Russian Roulette?
ReplyDeleteNo Keith, it means you get to play again in the next cycle until you do die...
Congrats on your traffic.
ReplyDeleteLooks like we might be seeing the beginnings of a "traffic bubble"..
ReplyDelete:)
grim
grim,
ReplyDelete"Looks like we might be seeing the beginnings of a "traffic bubble"..
It will be a permantently high plateau.
LOL!
Marinite said...
ReplyDelete"80k unique visitors. I'm so jealous."
I've been signing on from different IP addresses everywhere ;)
Actually, there IS a grain of truth to that. For those of us on AOL, we really do come in on a different IP address each time as AOL doesn't assign static IP addresses to it members ... It just assigns whatever is available whenever they need one. Hence, requiring other more sophisticated means for a blog owner to count them individually ...