Monday, March 20, 2006

BubbleSphere Roundup

In the past few days I have neglected this blog, as I have had a busy weekend. The dearth of posts will stop and there will be lots of new material this week.

At Bubble Markets Inventory Tracking there is an interesting post about the percentage of reduced price listings in each market. Phoenix wins "12,845 reduced / 38,602 total inventory = 33.3%." More evidence that Phoenix maybe the most bubblicious metro area in the US.

Housing Panic takes on the National Association of Realtors (NAR) in this most excellent post. The NAR cannot be trusted.

Great posts of overvalued houses at Overvalued Blog.

Northern Virginia Bubble Blog
has a very solid post regarding Northern Virginia market where "Average sales prices are down to $514,116, a whopping 45,674 off the peak set in July 2005. This erases all the appreciation since April 2005, and brings prices back almost to March 2005 levels. As a result, the year over year appreciation for February 2006 was only 6.09%.

The Sacramento Land(ing) Blog does a wonderful job detailing the housing market in the Sacramento area. Well worth the read. :-)

Last, but certainly not least, the Blog states "I find it not coincidental that all of a sudden, people are shocked--SHOCKED!--to find that there're unscrupulous realtors and brokers out there, just as the market is sagging and rates are increasing. Where was all this dogged journalistic reportage five years ago?" Nice.

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