Home Depot Inc. said its second-quarter net profit fell 24% as the world's largest home-improvement retailer by sales struggled to sell big-ticket items due to the slowing U.S. economy and housing market.
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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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Housing Prices Since 1970
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When will inflation-adjusted DC-area housing prices return to pre-bubble levels?
Are housing prices about to experience a double-dip?
How should the U.S. government balance the budget? (Check all that apply.)
What is your political affiliation?
What sparked the housing bubble?
Is the recession over?
Who bears responsibility for the housing bubble? (Check all that apply.)
What is your living situation?
Was subprime lending a cause or an effect of the housing bubble?
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Bubble Meter Archive
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2008
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August
(41)
- Alaska Governor Sarah Palin and Government Waste
- Another Bank Failure!
- Housing Bubbles: America vs. Japan
- More Banks in Danger of Failure
- New Home Sales Fall 35% YoY
- S&P/Case-Shiller Q2 2008 Home Price Indexes Fall A...
- Yun Interview
- Housing Optimists at Morningstar
- Homeowner-Oriented Magazines Going Under
- 9th Bank Failure of the Year
- We're Not in a Recession
- Weak Economy Hurting Rental Real Estate
- New Movie about the U.S. National Debt Opens Today
- Warren Buffett on Housing: "We had a very, very bi...
- Presidential Candidates Attack Each Other Over The...
- McCain unsure how many houses he owns
- Housing Bust Punishes Home Depot
- America's Most and Least Affordable Cities
- Investors Dump Fannie Mae and Freddie Mac Stock
- Cassandra
- One Quarter of Home Sales are Below Original Purch...
- Bubble Sphere Roundup
- Banks Taking Bigger Losses on Foreclosures
- OMG!
- Former Treasury Secretary on Housing Outlook
- Déjà Vu All Over Again
- American Southwest Real Estate Prices
- Housing Pain Continues to Spread Overseas
- Discredited: Alan Greenspan
- Join the Anti-Bailout Facebook Groups
- The Democracy in America Blog Bashes Martin Feldstein
- Dumb Politicians and Gas Prices
- Bubble Sphere Roundup
- The Tax Rebate Checks Were a Failure
- Freddie Mac CEO: "The housing market is far from s...
- Bigger Wave of Mortgage Defaults Coming
- Robert Shiller Interview: The Subprime Solution
- Seattle Real Estate Prices
- Bubble Meter ranked among top 50 economics blogs
- William Poole: Tackle Inflation Soon
- Don't Go Swimming Where the Water's Green
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August
(41)
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