housing bubble: Dealing With The Jumbo Mortgage Nightmare - 08/07/07 01:43 PM
I just got off of the phone with a mortage broker discussing the latest news in the Jumbo mortgage market. While it is still really bad for those of us in areas that regularly see homebuyers using this product, there is some glimmer of hope that deals can still be salvaged.
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housing bubble: Imagine that the Media Using Inflated Foreclosure Numbers - 08/01/07 07:52 AM
According to an article at http://www.efinancedirectory.com/ titled "Organization Accused of Plumping Foreclosure Numbers for News Media and Congress" says that Realty Trac who is probably the leading provider for foreclosure information could be guilty of inflating the number of foreclosures. It appears they do not count just one foreclosure per property. If a
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housing bubble: Housing Bubble Fact or Fiction? - 07/31/07 05:07 PM
I am no Real Estate Guru, but this article is quite eye opening. Give me your thoughts But oddly, like the rest of America, most of the time I don't think about the housing bubble that's about to pop. We ignore the coming storm. Click here to visit FOXBusiness.com's Real Estate page. But when it
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housing bubble: Miami the No. 1 riskiest real estate market in the country - 07/21/07 09:01 PM
A real estate analyst for Forbes.com on Thursday explained why he ranked Miami the No. 1 riskiest real estate market in the country. He blamed the unflattering ranking on escalating insurance costs, a high number of adjustable rate mortgages, unaffordable housing prices and high vacancy rates. He forgot to mention that
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housing bubble: NAR Points to Changes Required to Re-Emerge - 07/06/07 06:46 PM
According to NAR: The Pending Home Sales Index, based on contracts signed in May, rose in the West and Northeast but fell in the Midwest and South. The national index stood at 97.7 in May, down 3.5% from a downwardly revised April index of 101.2, and is 13.3% lower than May 2006
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housing bubble: Real Estate bubble?....it's a Lending Bubble! - 06/27/07 10:34 AM
I have been following the residential housing market closely for many now years and have tried over and over to make the case to friends, colleagues and family members that reduced lending standards were the primary driver behind skyrocketing real estate prices over the past five years; not the economy, not
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housing bubble: Overvaluation Leads to Second Home Market Glut - 06/27/07 09:36 AM
The current housing situation reminds me of when I was quoted in The Hartford Courant about why tennis pro Ivan Lendl’s estate in Goshen, CT remained on the market. Generally, for a home like Lendl’s, with an asking price of $25 million, decreasing the selling price by even a significant amount
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housing bubble: If The Fed Raises The Interest Rate is it Doomsday? - 06/07/07 05:13 PM
As many of us sit here anxiously awaiting a decision as to where the fed will put interest rates I cannot help but think where it will lead the housing market. Many of my friends with economics degrees debate with me saying that the easy availability of money is to blame for
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housing bubble: Where is the long predicted bursting of the Real Estate Bubble? - 06/04/07 05:54 PM
Where is the long predicted bursting of the Real Estate Bubble?By: Tony Meier - Eastside Realtor We have all heard it! On the nightly news, in the Sunday papers and on many real estate blogs. The long predicted colapse of the real estate bubble! Unfortunately, for all the doomsayers, real estate still
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housing bubble: Bubble? What Bubble? New York Real Estate Market Update May 2007 - 05/25/07 05:04 PM
Since the end of 2006 and Jan 2007 I have been asked the same question by my sellers and current prospects if/when the market will get better and what they should expect over the next 6-12 months. I have been telling them that as long as you are priced right you will
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housing bubble: Home Prices Dropping? Or Was it Priced Wrong? - 05/21/07 09:55 AM
You cannot pick up a newspaper, a magazine, or watch a TV news show these days without hearing about a real estate market correction, slowing real estate markets, a real estate bust, declining home prices, or a real estate bubble that has burst! But are prices really dropping? No they have not!
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housing bubble: Housing Bubble Boom / Bust. Share Your Thoughts. - 05/19/07 11:03 AM
I recently came across a very provocative site for real estate that was very good, and extremely informative. It was called http://www.housingbubblebust.com. I'd love to hear your thoughts after your spent some time on their site, The website had some hype, but raised some very interesting points that I guess because we
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housing bubble: How Did Housing get so Hip? - 05/17/07 11:02 AM
The Dr. Housing Bubble Blog has a great post titled "Why Did the Housing Phenomenon Spread?" and analyzes the rapid growth of the housing bubble through the lens of best-selling author Malcolm Gladwell's Tipping Point principles. If you like Malcolm Gladwell, like I do, it's interesting to see his theories put
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housing bubble: Employment, the Housing Bubble, and the Hidden Work Force - 05/09/07 07:32 AM
I’ll apologize in advance for the length of this article. But it will enlighten you if you have the patience to finish. Despite the bursting housing bubble and a fall in housing starts of over 30%, unemployment remains very low. How can that be? Home builders downsize crews, shrink
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housing bubble: Northern Virginia "Inventory" - 05/07/07 11:24 AM
Inventory is slowly but surely dropping to more manageable levels in the area. Are there fewer sales? YES! But prices for the most part remain high. Why? The flippers have become landlords to ride this out, so supply dropped a bit. People who didn't have to sell decided to wait it
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housing bubble: Arlington Condo Market - 05/07/07 11:22 AM
I'm often asked about the Arlington condo market, with all the development going on and this being a slower market--when will it "bottom out"?This is a rolling 3 month average sales price for Arlington condos. For example, the April 2007 data point represents the average sales price (excluding any seller subsidy,
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housing bubble: Too much real estate bubble talk - 05/05/07 05:06 PM
These days, you don't have to flip through too many national TV channels to hear something being said about the impending real estate bubble and its effects on property buyers and sellers. Usually the report will start quoting some report of the National Association of Realtors where the average national median
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housing bubble: After the Housing Bubble–Toll Bros. CEO is Optimist About Home Prices - 04/27/07 01:20 AM
How’s this for divergent thinking? Granted, home builders are looking past the housing bubble as they try to anticipate future demand and position themselves in growth markets. But, if Toll is right, those who buy now will be richly rewarded. Daily Real Estate News / April 25, 2007 Toll Bros.
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housing bubble: Seal Beach Foreclosure - A telling story... - 04/17/07 03:53 PM
After I sold my place in Belmont Shore we moved a hop skip and jump to Seal Beach. We got settled in by Thanksgiving of 2006 and headed off to Baja for our annual kitesurfing and Pacifo binge over the Christmas holidays. We returned from Baja January 6th and noticed that the
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housing bubble: Confessions of a New Century Casualty - Part One - 04/16/07 05:58 PM
This post is the first in a series covering my days as an Account Executive at New Century Mortgage. It also includes some preceding events relative to the story line. I began this post by jotting down some notes. As I began to write, I couldn't believe what I was putting down
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housing bubble: New Century Insider Asks - Where do we go from here? - 04/16/07 05:54 PM
Over the last couple of weeks I took a break from blogging about New Century. I did however write one blog regarding the state of our government - which in my opinion is a modern day oligarchy, a fusion of money and government that when you get right down to it
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housing bubble: Foreclosures: Empathy, Pity or Indifference? - 04/15/07 12:13 PM
There are loads of news stories these days about foreclosures, sub prime lending, 100% teaser rates and more! The news is really hitting the fan! It is in the papers, magazines daily. Perhaps I grew up in a different day, where ownership was a goal, and that to reach that goal
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housing bubble: Housing Bust??? What Housing Bust??? Real World Statistics (2006 to 2007) - 04/07/07 03:03 PM
"Call Paul" @ (563) 508-1649, 24 Hours a Day, 365 Days a Year!! Now that the first week of April is behind us, I decided to run a few "real world" statistical searches of the local Realtor Board's (QCARA) MLS and see whether or not we truly are in a real estate "down-turn' and on the verge
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housing bubble: The Imploding Housing Bubble, Who’s Responsible? - 04/03/07 06:45 PM
By Ed BrophyApril 3, 2007Yesterday’s news of New Century’s bankruptcy filing got me thinking, who’s responsible for the imploding bubble that is the housing market? Are the lenders, the FED, borrowers, Realtors® mortgage brokers, appraisers or loan officers responsible? Who’s ultimately responsible for the real estate debacle we now find ourselves
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housing bubble: Will a downturn in housing markets be regional? - 04/02/07 10:06 PM
In just got the following comment on one of my last blog posts on how the subprime meltdown will effect the real estate market... Hi Matt and everyone: matt - Your posts always provide good information. But, after just read about your "housing bubble" post written last July, it got me thinking: Will the affects of this
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housing bubble: "Housing Bubble" makes an eye-catching headline, BUT... - 03/28/07 05:55 PM
OK, it's been a while since the media grabbed onto the notion of a "real estate bubble," and there have been quite a lot of gloom-and-doom articles floating around in the media ever since. But I'm wondering exactly where this is, and how many markets it is affecting. Is your local market
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housing bubble: Housing Bubble? Yes or No? - 03/23/07 06:51 PM
A recent article in Time stated that "As of the week ending February 17th, 2007, searches for the "housing bubble" has reached a two year low, only 4.4% of the searches on the same subject that occurred during the second week of June 2005.""But while the bubbles seems not to be
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housing bubble: Subprime meltdown and the real estate market - 03/13/07 03:22 PM
Watching the meltdown in the subprime market the last couple weeks has been kinda shocking. The fact that it's happening or even how fast it's happening isn't the shocking part, it's the fact that how many people act totally surprised by it, is what gets me. The lending standards, particularly over the
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housing bubble: Not the Bubble Burst you were Expecting - 03/06/07 08:56 AM
For the past couple years, the media, and financial forecasters have been predicting that a housing bubble would be bursting soon. As it turns out in most areas the housing market didn't come crashing down as expected, but rather is softening up. Most areas while still seeing home prices increase, they
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housing bubble: Listing Inventories are up. Sales are off slightly. - 03/02/07 08:17 AM
With listing inventories up in most real estate market, it is strange to many sellers and agents alike that they don't want to pay attention to the numbers. Numbers, and statistics allow us to make a demostration that can explain our current market, and possibly future trends. It is easier to
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housing bubble: The 100 Year Mortgage is a.... - 03/02/07 12:45 AM
Great idea? Dumb Idea? Check out our modest proposal here and cast your vote on our poll.
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housing bubble: The Housing Bubble That Simply Never Happened And Won't - 02/18/07 02:07 PM
I wanted to share a wonderful piece that an associate of mine recently wrote for my Charleston Your Home Blog: Is everyone else tired of hearing about the housing bubble? I sure am. The supposed bubble is predicated on the idea that home values have risen at astronomical rates over
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housing bubble: The Quantum Physics of Real Estate - 02/02/07 10:44 AM
You've heard the expression before: "perception becomes reality". What are we dealing with here? Quantum Physics? What does Schrodinger's cat* have to do with real estate? Shouldn't reality be reality, regarless of what people think? Well as much as the mathematician in me wishes it wasn't so, perceptions do affect reality. Since
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housing bubble: Current real estate market conditions. A buyer's market without buyers? - 01/30/07 08:55 AM
I don't know what the rest of your markets are going through, but I would love to create a dialogue here. Do you feel "It's Like a Buyer's Market without Buyers?" The phones definitely do not ring as much as they used to, but they do ring. However, when they do ring
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housing bubble: More website visitors = more sales........... - 01/30/07 06:49 AM
...............and in January I believe it will equal a lot more sales. Since the first of this year I've been noticing a pretty big change in the days my website, KnoxvilleMLS.com gets most of its traffic. In 2006 the bulk of my visitors were coming during the week with my most heavily trafficked
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housing bubble: Is Naples Florida representative of the state of America's Housing Markets? No. - 12/30/06 12:31 AM
I love Naples Florida Via Big Picture, I saw this NYT's David Leonhardt's Dec. 6 article "What Statistics on Home Sales Aren’t Saying" describing the "real state" of the housing markets as counterpoint to the media's sudden softening on the housing bubble (Toll Brothers , Greenspan saying the housing slump
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housing bubble: So How Do You Really Feel About That? - 12/12/06 08:23 PM
There used to be this girl in our office---a woman in her early thirties actually, but she reminded me of my 12 year old niece by something that used to always come out of her mouth. Whenever I'd say something opinionated or make an offhand curt remark within earshot of her, she'd blurt out the same
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housing bubble: Is your investment/listing a teardown candidate? - 12/07/06 12:10 AM
Real estate investors who have built equity in investment properties in high value areas might want to consider teardown options before selling their property. A builder might be your best buyer.Teardowns.com links sellers, buyers and builders. There are a few rules of thumb. Upscale new construction can go for $200/square foot
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housing bubble: Bubble Trouble - 12/05/06 10:44 PM
I'm seeing rough waters on the horizon for some of the higher priced markets, but there are quite a few pundits out there predicting a full-on housing price Armageddon. Sell your house now. Stock up on spam, bottled water, and ammunition. Check out a few of these blogs that take a
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housing bubble: No housing "bubbles" in Knoxville, Tennessee - 12/04/06 08:08 AM
After looking at our latests available sales sales statistics, the 3rd quarter, it appears as if the greater Knoxville, Tennessee area is not experiencing any sort of bubble or price declines. 3rd Qtr. 2004 3 BR Solds 2,390 Avg. Price $145,000 Days to Sold 803rd Qtr. 2005 3 BR Solds 2,747
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housing bubble: My Digg Stories for the Week of December 2 - 12/02/06 09:41 AM
Each week I submit a handful of newswothy (yeah right!) articles I get from my daily feeds to Digg and post them at my Chicago's Home Weblog on Saturday. Basically, the title and hook are mine (thank me very much) and the rest is linkage, baby. Occasionally I'll also post the most interesting comments and retorts
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housing bubble: Two Big Bloggers Battle And Divide The Country...Very Ugly - 11/30/06 08:32 AM
Read as a nation of commentors take sides and spit at each otherI've observed long enough so now I must speak. You may not realize it but there is a 'civil war' of sorts going on right now in America between two distinct blogging sectors--The Housing 'Bubblers' and The Housing 'Optimists'
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housing bubble: Chinese Math - 11/27/06 08:28 PM
"Now let me get this straight - the press is supposed to control the market - if they say it's bad it must be so - if they say it's good it must be so - they are the keepers of doom and gloom - the ever ubiquitous "they"!(This was a
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housing bubble: The $800,000 House - 11/20/06 07:10 PM
Over the past year or so I discovered an interesting Real Estate wrinkle I call "The $800,000 House Phenomenon." I didn't recognize it at first because I think it used to be called "The $600,000 House Phenomenon" but as the housing market changed, so did the phenomenon. And although I personally
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housing bubble: Is the bubble bursting? - 11/08/06 06:32 PM
Mike Moran, chief economist for Wall Street's Daiwa Securities America, Inc., says he's surprised that virtually nobody has challenged the constant drumbeat of negative headlines and TV news warnings of imminent crashes and home price meltdowns. "It's really been way out of line with reality," says Moran, whose firm specializes in
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housing bubble: No housing "bubbles" in Knoxville, Tennessee - 11/01/06 09:06 PM
I was reviewing the sales statistics for the 3rd quarter of 2006 versus the same time period in 2004 & 2005 to see how we are doing in spite of all the "doom & gloom" news coming daily in both print and TV. Total Units 3 BR Median Price Days On Market 3rd Quarter 2004 4,219 $129,900 803rd
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housing bubble: Austin Area's Appreciation through Oct 2006 - 11/01/06 07:20 PM
Althouhg Although the Austin Area continued to have more home sales YTD compared to last year at this time, there are beginning to be more homes on the market than there were last year at this time. Once again, the second month in a row indicating a slow down of some sort
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housing bubble: How's your hot dog business doing these days?? - 10/30/06 10:44 AM
Mine is doing OK, been better, been much worse. However I'm almost always a positive thinker and my glass of water is half full. I've always remembered and always loved this little story about attitude and your outlook on business and life in general. "A man sold hot dogs in a medium-sized
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housing bubble: New Poll shows Austin as STONGEST MARKET - 10/17/06 11:01 AM
A qoute from the recent report is that, "Austin Remained the Strongest of the Top 20 Markets On Every Metric in September" Other notable facets of the report were that there were 17,076 single-family permits in 2005, Autin is the 19th largest market in the country. Reasons for Austin's Market Strengthe were due
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housing bubble: Austin Area's Appreciation through Sept 2006 - 10/10/06 09:23 AM
Here is my monthly update for the Austin Area's Appreciation YTD by MLS Area. In the month of Sept we are beginning to see the first signs of some slowing down in the real estate market as there were 122 more new listings in Sept 06 compared to Sept 05, but 4
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housing bubble: Your Area BOOMED, now it's BUMMED...what's up with that? - 10/09/06 09:52 AM
Throughout many parts of the country the housing industry seemed to go crazy. I have a friend that bought three brand new homes in Phoenix area and 1 year later sold them for $100K each. $300K in 1 year for median priced homes...I'm sorry, that's insane! Now it appears that many
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housing bubble: Hyper Housing Bubble or Economic Downturn? - 10/07/06 10:43 AM
There will always be a some sort of growth in real estate, but sometimes just as in the stock market, if there is high appreciation (or price increases) mainly due to hype, then there comes a time when the "market corrects itself" This is the so-called bubble effect. It's not
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housing bubble: Mortgage Myths: "Adjustable Rates are Dangerous" - 10/06/06 10:09 AM
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housing bubble: True or False - 09/27/06 07:29 PM
CNN, ABC, NPR and other national media outlets have each had segments on their newscasts about the housing market and the potential bad news ahead. They should come visit southeastern CT. The number of For Sale signs would have you believe that the media is telling the truth. Though when you look at
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housing bubble: What Housing Bubble? - 09/19/06 03:34 PM
When I was in school at the University of Vermont, I was an economics major. I thought it would be a good idea to do some non required reading, and I came across the book Boomernomics: The Future of Your Money in the Upcomming Generational Warfare. This was right around '99
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housing bubble: Keeping up with the Jones', Gas Prices, Wages - 09/16/06 01:41 PM
About 6 months ago, when the gas prices were just beginning to rise, I wrote a letter to my congressman like many others did as well. BUT my letter wasn't about how gas prices should come back down. It was about the fact besides gas prices, real estate throughout most of
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housing bubble: Mind over HOUSING BUBBLE, well, too late but maybe next time! - 09/15/06 12:14 PM
Interesting site that provide quick synopsis of market conditions in different cities throughout the country. Congratulations Salt Lake, NO housing bubble there I'm assuming. Click here to view stock market for Real Estate As I previously stated in another blog (Austin/San Antonio Getting HOT HOT HOT), Central Texas isn't having a Housing
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housing bubble: What Housing Bubble??? - 09/12/06 12:43 PM
I read a great article in Wired Magazine about 6 months ago about the supposed housing bubble. I kept the article... and am just now writing a post on it. Here are some interesting stats it mentioned:*all of the dollar ammounts are adjusted for inflationAverage American Home from 50 years ago
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housing bubble: Thinking about markets - 09/11/06 12:43 PM
The sales numbers for our Boise real estate market for the month of August show there were 900 single family sales in Ada county. That compares with 1332 for August of 2005. So is that evidence of the bubble burst? 900 units is also the second best August we've ever had. Does
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housing bubble: Has the real estate bubble burst ? - 09/07/06 09:51 AM
The question that everyone is asking, did the real- estate bubble burst and will rates begin to escalate ? The answer to that is, do you want it to burst ? The media is at it again, the real-estate bubble or any other type of bubble is nothing more than media
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housing bubble: Media blowing up Housing Market. - 09/06/06 06:52 AM
By now, we should be all "Out of Business" jumping out of our collective windows circa 1930`s Stock Market Crash, and start applying for unemployment per the News Media. There is no denying that the Real Estate market has slowed down, albeit people aren`t making $5000 per month on their
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housing bubble: Nightmare Mortgages? - 09/03/06 05:01 PM
The latest issue of Business Week will probably alarm a number of readers. In it, an article written by Mara Der Hovanesian takes aim at risky loans, with heavy emphasis placed on Option ARMS offering ultra-low payments, easy qualifying and payments almost any homebuyer could afford. http://www.businessweek.com/magazine/content/06_37/b4000001.htm?chan=top+news_top+news+index_top+story I had discussed this in an earlier
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housing bubble: Heating up in the summer sun - 08/13/06 08:36 PM
While the national media talks on about a housing bubble, agents in Greensboro can't help but snicker. In recent memory, Greensboro has never had a housing bubble. Home builders have helped keep that from happening, keeping the market flooded with new homes and generally keeping prices rising at a comfortable 2.5%
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housing bubble: Bank of America predicts continued softening... - 07/21/06 12:03 AM
I often see the Bubblehead vs HousingHead argument on blogs all over the internet. So why am I posting more info to fuel the debate? Simply because I came across a startling piece of information...So now, I share! Don't shoot the messenger!!! Please!Bank of America has recently tallied a detailed Real
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housing bubble: Pending Home Sales Index rises - 07/07/06 08:45 PM
Simon says: I have been saying for a while (particularly on my radio show) that the change in the housing market in Florida is something that we needed. It is also something that will not burst any bubbles here for a variety of reasons, not least of which is the number of
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housing bubble: Bubble? My views on the housing market. - 07/07/06 11:42 AM
Since last weeks blog topic was asking members to write about what they see happening from the ground level as far a market slowdown, I thought I would throw in my two cents. The whole topic of a bubble in the housing market has interested me for several years, long before the
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housing bubble: Housing Bubble?? - 07/01/06 10:19 PM
Not in my Area!! We have people moving from all parts of the country. My office is right off Interstate 85 and we get walk-ins all the time. We have a lot of people coming half way back up from Florida we call them Half-backs! They miss the season changes and are
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