BubbleSphere Roundup

• Frankly Realty discusses auctions and bankruptcies in swanky Great Falls, VA.

• Predicting the Future of a Housing Crisis (Big Picture from NYTimes)

• S&P/Case-Shiller® December Home-Price Index (Northern Virginia Housing Bubble Fallout)

• National Association of Realtors is against the proposal to limit the interest tax deduction on home loans where the buyers have a household income of 250,000 or more. Surprise Surprise! The measure makes sense as the government already spends too much money subsidizing housing (especially for the wealthy).