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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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May
(25)
- U.S. housing prices
- Re/Max agent junk mail
- Cities below 2000 inflation-adjusted levels
- Case Shiller Price Index: March 2009
- Home prices plunging even faster
- Happy Birthday
- The Washington Post examines the local housing market
- Radar Logic: Slowing price declines
- RealtyTrac: 500,000 REOs being held off the market
- Home Depot CEO: housing market optimism is premature
- Graph: housing starts and new home sales
- 'Severe' weaknesses for Fannie and Freddie
- High-end housing getting hit
- Transatlantic housing bubbles
- CNN discussion on housing
- NAR: Home prices and sales decline again
- Postal Worker Steals Stamps To Pay Mortgage!
- Canadian vs. U.S. new home prices
- Congress shares the blame for the financial crisis
- Suburbs are the wave of the future
- Zillow: 22% of homeowners are underwater
- Our hero!
- How to prevent bank-owned homes from falling into ...
- When will housing prices recover?
- Bank-owned homes being destroyed
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May
(25)
With housing starts staying justifiably low, the market can start digesting, all the inventory. I am cautious, but I see the market improving. If people are able to get out with out a foreclosure with just a short sale, they will be better off in the long run. They will eventually be able to return to the market place. The Fed has outlined a new assistance plan to promote the short sales to get done. Hopefully this happens. It is important that so many people don't total their credit for such a long time. A challenged credit society is a bad thing.
ReplyDelete"A challenged credit society is a bad thing."
ReplyDeleteEspecially in America where we don't make anything that people actually want. We exist completely on buying others peoples stuff on other peoples money.
It is nice to see that there are more new home sales than there are new homes built though. Though the new homes going up is less of a problem than people just walking away from their obligations.
The best thing I believe will be to have the chance of buying with money coming out straight from your pocket, but I guess this is impossible in a country that is used to utilize credit for everything
ReplyDelete