New building permits:
New housing starts:
Hat tip: Paul Krugman.
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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 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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2010
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August
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- Banks helping more troubled homeowners than Obama
- Homeownership fetish harmful
- CNBC housing market discussion
- Graphs: The decimation of the home-building industry
- New home sales hit all-time low
- Existing home sales continue their death spiral
- Economist Andy Harless asks "What housing bubble?"
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- 5 economic 'new normals'
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August
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I think it's because Apartments and condo are pretty demanding these days and the stats shows thats it's on a record low.
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Arlington rents up again:
ReplyDeletehttps://www.nvar.com/Portals/1/marketstats/quarterly/2010-q2-totals.pdf
Thankfully, this doesnt say Clarendon rents are going up, or specifically one guy in Clarendon's rents are going up. Therefore we can throw this out as being invalid.