12008 Thornbrooke Ct., Bristow, VA 20136June 12, 2006 purchase price: $619,000
Current list price: $324,900
That's a loss of almost $300,000 in 3½ years!
If the house is in good shape, it may be a good deal.
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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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2010
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January
(25)
- Identifying stock bubbles
- The effects of easy money on mortgage lending
- Yes, Virginia, there is still a housing bubble
- CNN cheerleads the home buyer tax credit
- More bubbles?
- Paul Volcker for Fed chairman!
- Bernanke out as Fed chairman?
- Mortgage terms in plain English
- The fed funds rate: Too low for too long?
- Option ARM resets
- More bank fraud?
- The case for a bank tax
- Sixty years of residential fixed investment
- Mortgage defaults hit record in 2009
- U6 not the real unemployment rate
- Adam Smith's "invisible hand" in context
- Fed economist: housing is a bad investment
- How to lose money in real estate
- December 2009 employment data
- Did predatory lending cause the housing bubble?
- My DC housing predictions for the new decade
- Home prices forecasted to fall in 2010
- The case for renting
- Senator Dodd to retire
- 5 housing issues to watch in the new year
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January
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