Housing Bubble Links
Remember, it's "a great time to buy or sell a home".
If you're a realtor's client paying big commissions that is.
Nice ad campaign. Maybe Charles Schwab can start one with "Now is a great time to buy or sell shares of Intel."
WASHINGTON (AP) -- Housing construction plunged to the lowest level in more than six years in October as the nation's once-booming housing market slowed further. The Commerce Department reported on Friday that construction of new single-family homes and apartments dropped to an annual rate of 1.486 million units last month, down a sharp 14.6 percent from the September level.
The decline, bigger than had been expected, was the largest percentage decline in 19 months and pushed total activity down to the lowest level since July 2000...
The housing market in recent years has been in a bubble of historic proportions. Prices all over the country lost any connection to economic reality, largely due to the funny financing that is without precedent.
Here's a sample of various bearish (i.e., realistic) housing-related blogs, in no particular order and of varying quality, with a California bias.
Home sellers probably won't want to look.
Bubble Markets Inventory Tracking
posted by J.Q. Beck at 11/17/2006
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