http://news.myspace.com/business/housingbubble The latest news brought to you by MySpace! Sat, 05 Jul 2008 23:31:07 GMT http://newscdn.myspace.com/web.2.24/content/springwidget/housingbubble.xml http://news.myspace.com/business/housingbubble/item/19048531 Burdened with souring real estate construction and development loans in Arizona and Florida, Marshall & Ilsley Corp. Milwaukee’s M&I, the biggest bank based in Wisconsin, predicted a loss of $1.50 to $1.60 a share, largely because it needs to Housing Doom Sat, 05 Jul 2008 14:08:33 GMT http://news.myspace.com/business/housingbubble/item/19048531 http://news.myspace.com/business/housingbubble/item/19047461 Remember those really, really high gas prices of the late 1970s and early 1980s? Well, we're past that and still climbing. Energy Information Administration: To quote Stein's Law, "If something cannot go on forever, it will stop." The really interesting thing Bubble Meter Sat, 05 Jul 2008 12:59:00 GMT http://news.myspace.com/business/housingbubble/item/19047461 http://news.myspace.com/business/housingbubble/item/18886328 Tracking Sacramento/El Dorado/Placer/Yolo Counties, California Population 2007: 2.1 million 01/01/2007 Listing per population ratio 1:178 08/30/2007 Listing per population ratio 1:116 01/2007: 12,480 (1,149) Inventory numbers are listed first followed by Bubble Markets Inventory Tracking Mon, 30 Jun 2008 10:22:11 GMT http://news.myspace.com/business/housingbubble/item/18886328 http://news.myspace.com/business/housingbubble/item/19030872 I choose Arlington as a result of the Boston Globe’s recently published and absurdly anecdotal and ludicrous farce about the town’s “hot” housing market. The ridiculous tone and outright mishandling of the housing data by the Boston Globe “reporter” would Paper Money Fri, 04 Jul 2008 14:51:00 GMT http://news.myspace.com/business/housingbubble/item/19030872 http://news.myspace.com/business/housingbubble/item/18992520 Already many are planning to curtail any major traveling and are opting to stay at home and possibly doing a barbeque at home because of high fuel costs. Nothing can demonstrate this contrast more than comparing Family Dollar Store and Home Depot performance Dr. Housing Bubble Thu, 03 Jul 2008 07:00:34 GMT http://news.myspace.com/business/housingbubble/item/18992520 http://news.myspace.com/business/housingbubble/item/18990390 In addition, rates have remained stubbornly high despite a strong easing campaign by the Federal Reserve Bank. The backdrop of investor sentiment is the worst that I can remember, insomuch that you have everyone talking about a financial armageddon: While I agree that the next 10 years will not Socalbubble.com Thu, 03 Jul 2008 05:25:13 GMT http://news.myspace.com/business/housingbubble/item/18990390 http://news.myspace.com/business/housingbubble/item/18983551 From yesterday's Wall Street Journal: The Florida attorney general on Monday filed a civil lawsuit against Countrywide Financial Corp. The lawsuit, filed in state court in Broward County by Florida Attorney General Bill McCollum, alleges that Countrywide put Bubble Meter Wed, 02 Jul 2008 23:14:00 GMT http://news.myspace.com/business/housingbubble/item/18983551 http://news.myspace.com/business/housingbubble/item/19032220 housing price indices continue to register accelerating year-over-year declines, the largest seen in at least 15 years. home prices declined 6.3% on a year-over-year basis while the “Halifax” series, which reported data through May indicated that U.K. Both Paper Money Fri, 04 Jul 2008 15:04:00 GMT http://news.myspace.com/business/housingbubble/item/19032220 http://news.myspace.com/business/housingbubble/item/19022164 For more than two years, the skeleton of the Elevation Chandler project has stood near the Chandler Fashion Mall, a monument of sorts to the late, great real estate market in Phoenix. Plans for Chandler Piazza - owned by Chandler Piazza LLC, according to the Housing Doom Fri, 04 Jul 2008 03:07:00 GMT http://news.myspace.com/business/housingbubble/item/19022164 http://news.myspace.com/business/housingbubble/item/19025002 Sometimes when you find the right house, you just got to get it... 414 Camino Hermoso, San Marcos, CA 92078 --4 beds, 3.0 baths, 2,358 sq ft --11/2003: sold by builder for $419,000 --05/2006: purchased at peak for $590,000 --01/15/2008: listed for $549,000, Bubble Markets Inventory Tracking Fri, 04 Jul 2008 05:48:00 GMT http://news.myspace.com/business/housingbubble/item/19025002 http://news.myspace.com/business/housingbubble/item/18971522 You may have noticed that my most recent Real Homes of Genius examples have shifted from inner city $500,000 homes to struggling high priced “prime” areas like Beverly Hills and Culver City. In fact, given that the foreclosure process takes months Dr. Housing Bubble Wed, 02 Jul 2008 17:32:45 GMT http://news.myspace.com/business/housingbubble/item/18971522 http://news.myspace.com/business/housingbubble/item/18918068 I recently had a reader pose a question to me via email and I’d like to take some time from our normal programming to see what is on his mind Moved my family to La Costa area (renting) and own a house in AZ which I owe $159k at 6.5% (it adjusted and will again in 8 months) The home was at Socalbubble.com Tue, 01 Jul 2008 05:09:55 GMT http://news.myspace.com/business/housingbubble/item/18918068 http://news.myspace.com/business/housingbubble/item/19024575 It’s been 232 years, and in spite of the excesses of government and citizens in recent years, the United States is still standing. We’re forgetting the "gloom and doom" around here today. John is keeping busy with the Royal Nova Scotia International Tattoo [I hope you're Housing Doom Fri, 04 Jul 2008 07:01:53 GMT http://news.myspace.com/business/housingbubble/item/19024575 http://news.myspace.com/business/housingbubble/item/19002801 Today’s Employment Situation Report showed unequivocal signs of a slumping recessionary economy with the Household survey indicating an decline of 155,000 in employment and a 12,000 increase in unemployment since May again resulting in an unemployment rate of Paper Money Thu, 03 Jul 2008 15:51:00 GMT http://news.myspace.com/business/housingbubble/item/19002801 http://news.myspace.com/business/housingbubble/item/18919268 We are also going to discuss Wachovia’s press release in which they are waiving the pre-payment fee associated with their Pick-A-Payment loan and also their discontinuation of pay option products including negative amortization loans. Dr. Housing Bubble Tue, 01 Jul 2008 06:37:29 GMT http://news.myspace.com/business/housingbubble/item/18919268 http://news.myspace.com/business/housingbubble/item/18996572 A paper by the Center for Economic Policy Research and the National Low Income Housing Coalition provides recommendations for how Congress address the foreclosure crisis. This paper compares ownership and rental costs in twenty major metropolitan areas. In Bubble Meter Thu, 03 Jul 2008 12:03:00 GMT http://news.myspace.com/business/housingbubble/item/18996572 http://news.myspace.com/business/housingbubble/item/18993335 That's silly, people didn't use that any more... As the bubble burst and the false spike drop down to reality, the truth finally comes out: these homes are nothing more than depreciating liabilities that will lock you and your family in perpetual poverty for Bubble Markets Inventory Tracking Thu, 03 Jul 2008 07:33:00 GMT http://news.myspace.com/business/housingbubble/item/18993335 http://news.myspace.com/business/housingbubble/item/19002803 Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increased 16,000 to 404,000 from last week’s revised 388,000 claims while “continued” claims decreased 19,000 resulting in an Paper Money Thu, 03 Jul 2008 14:55:00 GMT http://news.myspace.com/business/housingbubble/item/19002803 http://news.myspace.com/business/housingbubble/item/18991771 Unlike the reports done by Dr. Jay Butler of ASU’s Realty Studies, these figures are based on MLS sales, and do not include trustee sales. [6164 homes sold June 2001] The market now is largely foreclosure driven- many, many of these sales are REOs or Housing Doom Thu, 03 Jul 2008 07:01:01 GMT http://news.myspace.com/business/housingbubble/item/18991771 http://news.myspace.com/business/housingbubble/item/18960740 Senate candidate Mark Warner (D) suggests he believes the government has a responsibility to prop up home prices. Here is the relevant section of the Mark Warner campaign email that I just received in my inbox: Lately, it seems like the U.S. They did so after Bubble Meter Wed, 02 Jul 2008 12:24:00 GMT http://news.myspace.com/business/housingbubble/item/18960740