House price changes for the largest 100 metro areas.
REO rate among the largest 100 metro areas.
More econ maps.
Hat tip: News N Economics.
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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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Housing Prices Since 1970
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Bubble Meter Archive
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- S&P/Case-Shiller: DC home prices up in April
- Leading Economic Index graph
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- U.S. homeownership rate graph
- REDC runs wrong advertisement
- In Support of Auditing the Federal Reserve
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- Housing decline likely causing lasting structural ...
- Harvard on housing
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- Real housing prices vs. the unemployment rate
- When will housing prices bottom?
- New blog comment policy
- Using Google Maps Street View to Visualize a Block...
- Where Housing Will Be in 2012
- California's coastal immunozones no longer immune
- Flashback 2002: "Alan Greenspan needs to create a ...
- We Bought a Townhouse
- Robert Shiller on commercial real estate
- Cool maps
- Housing starts up 17% month-over-month, but...
- U.S. home prices not so overvalued anymore?
- Recession not hurting D.C. metro area
- Senator again pushing for $15,000 tax credit to bu...
- Unending budget deficits
- Bond yields predict economic recovery
- Why home prices change so slowly
- BubbleSpehere Roundup
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- An alternative look at monthly job losses
- Recession expected to end by Q4 2009
- Job losses slowing
- Closing Costs for Retards
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- Foreclosure modification plans still failing
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- Mortgage rates spiked last week
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- The current recession in context
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If prices don't start dropping soon in the montgomery county area, I'm going to just telecommute with from Florida instead of working in a cubicle here in DC. I honestly miss Florida where you can buy a 2,500 square foot home on water front property for $120K.
ReplyDeleteI still cant understand people willing to pay $400K for a 700sq ft, water damaged, home built over half a decade ago. Though I guess you would get used to the stench of the sewers if you live in them long enough.
Anonymous said...
ReplyDelete"If prices don't start dropping soon in the montgomery county area, I'm going to just telecommute with from Florida instead of working in a cubicle here in DC."
Two of my co-workers are doing just that. I've been considering the same thing (although I have an office rather than a cube, thankfully). From my searches on Zillow, I'd say $120K for Florida property is realistic, but not for waterfront property. $120K can get you a free-standing house in Florida, but double that will only get a townhouse in the outer suburbs at best in this area.
"From my searches on Zillow, I'd say $120K for Florida property is realistic, but not for waterfront property. $120K can get you a free-standing house in Florida"
ReplyDeleteYeah sorry, I havent seen what the going rates are for homes at the current moment. I was born and raised in Jacksonville and moved to Miami for 15 years. I was thinking in terms of cost for properties when I lived there, not now....though after price declines its not that much different.