One correction for David Leonhardt. He writes:
Markets often overshoot, on both the upside and downside.Actually, financial markets often overshoot on the downside. Real estate markets don't.
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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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When will inflation-adjusted DC-area housing prices return to pre-bubble levels?
Are housing prices about to experience a double-dip?
How should the U.S. government balance the budget? (Check all that apply.)
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What sparked the housing bubble?
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Was subprime lending a cause or an effect of the housing bubble?
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Bubble Meter Archive
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2010
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April
(18)
- Russell Roberts on the housing bubble and financia...
- David Brooks on financial regulation
- In search of fairy tale regulators
- Home sales leap as tax credit nears expiration
- Is now a good time to buy a home?
- A libertarian view of financial regulation
- A big flaw in the proposed financial reform bills
- Regulatory capture
- Yes, Virginia, there is a housing bubble
- Leading indicators point to another housing downturn
- House hunting in DC
- Google economic search trends
- Why regulators have incentive to look the other way
- More of Meredith Whitney on housing
- The Fed claims to be on the lookout for new bubbles
- Why the experts believed bubbles can't exist
- Where the bubbles are, and where they are not
- Larry Kudlow criticizes Obama's latest attempt to ...
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April
(18)