Friday, October 27, 2006

Bubble Sphere Roundup

Geenspan and Today’s New Home Sales Report (Paper Money)

A most excellent comparison post: Percentage of Reduced Listings Per Market @ Bubble Markets Inventory Tracking. The sellers are really competing against each other in some of the bubblicious markets.

Ryan Homes Offering to Pay Realtor Commissions ( Baltimore Metro Area Housing Blog )

HousingPanic and other housing bubble blogs were attacked in the mainstream media (MSM) "Blogs such as housingpanic.blogspot.com are helping to confuse buyers about everything from rumors to “bubble” theories." We housing bubble bloggers were ringing the alarm bells while people were busy engaging in bidding wars in summer of 2005. On May 25th 2005, I wrote "Behold the bubble is about to pop. The bubble will pop (price declines) within the next 12 months."

Tommorow morning's 3Q GDP prediction: 1.7%
Update: Actual 3Q GDP: 1.6%