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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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December
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- Housing thoughts from the Dallas Fed
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December
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This is a very insightful article that agrees with Peter Schiff's excellent article in the WSJ a few days ago. He reached the same conclusions via a slightly different method. They both seem to agree with what I've been thinking for quite a while-- several years after the peak, we're only about half-way to normal prices.
ReplyDeleteWe are seeing the same here in Augusta GA. We're only half-way to normal prices.
ReplyDeleteGreat, informative article. Unfortunately, this is the case in many places across the country.
ReplyDeleteIt looks like Houses in Dallas is cost-effective than in other states.
ReplyDeleteIt looks like Houses in Dallas is cost-effective than in other states.
ReplyDelete