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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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When will inflation-adjusted DC-area housing prices return to pre-bubble levels?
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Bubble Meter Archive
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2010
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April
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- 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
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Hey Nonpartisan, did you see Case Shiller the other day? CAW CAW CAW!!!!!!
ReplyDeleteAll kidding aside, I want to go back to one of your old predictions:
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"nonpartisan said...
First of all, I agree that we need to adjust for inflation - and since we are in a period of deflation that Bernanke and Co. cannot stop, we can add -1-2% inflation effect. Agree!
and sure, Ill give you my predictions:
Nov '09 - 165
Nov 2010 - 145
Nov 2011 - 125
Nov 2012 - 112 (and new president)
Nov 2013 - 100
THEN we can start talking about the bottom.
W.A.L (watch and learn)
August 18, 2009 9:11 PM "
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For the record, the Nov 09 value came out at 179.19, so you were off by approximately 7%. Normally 7% off isnt too bad, but considering you only had to predict 3 months out, not a good start my friend!
So up next will be your Nov 2010 prediction of 145. Considering we are 33 points above that for Jan 2010, I guess we need a scorching drop of 3.3 points per month for the next 10 months to get there. Not impossible, but not looking too good my friend!
CAW CAW CAW CAW CAW!!!!!!!
Since he's predicting a new president in '12, perhaps nonpartisan is simply off by four years.
ReplyDeleteRefering to the distribution map, my metropolitan area in NW is labeled as a boom, no bust which I would have to disagree with. The boom lagged behind the nationwide run up so it didn't quick see the same peak as the rest of the nation. The bust has also lagged behind, but is currently about 20% off its August 2007 high and still dropping.
Prices in NW DC have not gone down. They are rising!
ReplyDeleteBU,
ReplyDeleteno chit, all the new government workers (70% of new jobs last 12 months) need a place! Astound us with other info.
Secession is looking better every day; let the coasts do their own thing.
Always novel and "graphic" insights! Apart from your blog already being listed in my data visalisation references I just mentioned your blog in my recent post Blogs and Web Sites you may want to follow. For your own investigative work you may also want to check out my Statistical Reference List with links to hundreds of thousands of statistics, indicators, time lines etc.
ReplyDeletePrices will creep even higher!! Have you bought yet? if not, get a job with Uncle Sam!
ReplyDelete"Have you bought yet? if not, get a job with Uncle Sam!"
ReplyDeleteMost people working for uncle same make less than $100K a year. Why dont you get a job with Uncle Sam so you can take off your rose colored glasses.
Also if you are in the DC area you may notice that a lot of the gov "new jobs" is a little misleading. It is true the gov't is highering thousands of people in DC. What doesn't seem to make the headlines is the fact that a lot of the gov't contractor jobs are being phased out. There are lot of the experienced technical contractor jobs that are being replaced with lower paying gov't jobs with people who have a lot less experience.
ReplyDeleteIt is hiring thousands ...Not highering LOL
ReplyDeleteMost people working for uncle same make less than $100K a year. Why dont you get a job with Uncle Sam so you can take off your rose colored glasses.
ReplyDeleteMost people working for any employer make less than $100k a year. So what's your point?
Anyway, all the good jobs are with defense/DHS private sector contracts...