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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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Bubble Meter Archive
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2009
(395)
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April
(27)
- Home vacancies up during first quarter
- Mortgage cram-downs unlikely to be part of homeown...
- U.S. economy still shrinking rapidly
- Case Shiller Price Index February 2009
- The housing bubble won't be coming back
- NY Times: For Housing Crisis, the End Probably Isn...
- Who is to blame, bankers or economists?
- Housing bubble could have ended in 2003
- Interesting poll results
- Why bankers assumed U.S. housing prices couldn't fall
- Fed Presidents: Maybe Fed should pop bubbles
- Bernanke: Long-lasting damage to home prices
- Foreclosure filings up substantially
- Housing starts down during March
- Recession over? Not!
- Financial Bloggers Gain Recognition Amid Turmoil
- Why foreclosure mitigation has been failing
- U.S. apartment rents are falling
- U.S. currency is now backed by risky assets
- Too many Anonymouses
- WSJ article on bubbles
- Meredith Whitney: Home prices to fall another 30%
- Metro area home price declines since peak
- Don't trust the Realtors' affordability index
- WSJ: Home prices "still no bargain"
- Obama to halt foreclosures
- House prices still plunging in January
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April
(27)
In at least some cases foreclosure is turning into a process where nobody wins:
ReplyDeletehttp://www.nytimes.com/2009/03/30/us/30walkaway.html?ref=business
The scenario here is that the homeowner moves out because of a pending foreclosure, then looters and vandals come in and trash the house. The bank then decides that it isn't worth processing the paper any more, and abandons their claim, sticking the original homeowner with a property that is really only suitable for knockdown.
Clearly this situation is the exception rather than the rule, but my point is that foreclosure isn't always the best option.
What is even more troubling is some Mortgage lenders are actually telling their c;ients to NOT pay their mortgages for at least monthes, then they QUALIFY for assistance. Even if they have never missed a payment it's in their best economic interest to become a public buyout.
ReplyDeleteYou got me!!! Nice one.
ReplyDeleteI have long awaited the arrests of the Real Estate agents who sold Ninja mortgages, has this happened, have they been hanged infront of the villagers?
ReplyDeleteI guess we now know who actually reads the material they are commenting on. Let the over-opinionated and under-educated be exposed.
ReplyDeleteThe housing market is in recovery mode. Prices are going up slowly but steadily. You better think of buying soon. If you don't, you gonna miss out again!
ReplyDeleteWell done. I was pissed. Only the fact that the date is right above the title clued me in finally.
ReplyDeleteWow this was so realistic that it got me!!!
ReplyDeleteLike all good pranks, it was entirely believable.
ReplyDelete