Tuesday, July 31, 2007

I'm Taking a Bloggers Break

Some have noticed that recently, I have not been blogging. I have been very busy with other things. I will be back posting starting August 15th. Thanks.

No, Lance, there still is a housing bubble and most housing markets in bubble metro areas continue to decline.

Tuesday, July 03, 2007

Existing Homes Contracts Decline for May

Americans unexpectedly signed the fewest contracts to buy previously owned homes in more than five years in May as buyers waited for lower prices and lenders made it harder to get mortgages.

The index of signed purchase agreements, or pending home resales, dropped 3.5 percent to 97.7 from a revised 101.2 in April, the National Association of Realtors said today in Washington.

Today's report showed that the May reading was the lowest level since September 2001, when the economy was in the midst of the last recession. April pending home resales were revised to a decline of 3.5 percent. (Bloomberg, June 3, 2007)

Monday, July 02, 2007

BubbleSphere Roundup

HousingPanic fights the Real Estate Industial Complex (REIC) and tells them to give up "A quick note to realtors, HP trolls, the NAR, Desperate Homedebtors and everyone fighting the housing crash: Give up. You're wasting your time" Keep fighting the good dight Keith!

Check out my other blog the Lawrence Yun Watch and how Mr. Yun Contradicts himself.