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I’m working on a new layout for the blog. Hopefully I’ll make the changes in early May. Thanks to all who have commented before (I’ve been sharing the proposed layout in the comments). There is still more to do, but here is a preliminary layout - all comments are appreciated.Best to all, CR
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Original Source
26 April, 2008| housingblogs |
Comments (0) admin @ 22:41
The "Ideas" thread has gotten pretty long, [Sometime I’ll get around to starting a new one.] so when I get a good comment like this on it, I think it’s worth a post. hpylori2 asks:
I would love ideas from the group…I (my wife included)made a huge mistake and moved to Miami December of 2006 and bought a house. We hated it and moved back to Denver (I would prvide more sordid details about the whole process but it would serve no purpose)…Given the housing slump, I cannot sell the house and I cannot afford to continue paying my mortgage…what would you do in my situation?…
Original Source: housingdoom.com
26 April, 2008| housingblogs |
Comments (0) @ 21:24
Free Money — Patti Smith
Every night before I go to sleepFind a ticket, win a lottery,Scoop the pearls up from the seaCash them in and buy you all the things you need.Every night before I rest my headS…
Original Source: www.irvinehousingblog.com
26 April, 2008| housingblogs |
Comments (0) @ 20:35
Roubini writes: [On CNBC] I fleshed out my arguments on why the US recession will be severe and protracted, lasting four to six quarters…. later in the CNBC program Nobel Prize winner Joe Stiglitz explicitly agreed with my view that this will be the worst U.S. recession since the Great Depression. In some ways Stiglitz was even gloomier than I have been….
Original Source: feeds.feedburner.com/CalculatedRisk
26 April, 2008| housingblogs |
Comments (0) @ 19:46
The Used House Salespeople report from California. “Home sales decreased 24.5 percent in March in California compared with the same period a year ago, while the median price of an existing home fell 29 percent, the C.A.R. reported. ‘The lack of available funds for loans, even for qualified buyers, continues to keep the demand side of the market thin, and enables buyers with financing (or all cash) to exert leverage over sellers,’ said said C.A.R. Chief Economist Leslie Appleton-Young.”
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Original Source: thehousingbubbleblog.com
26 April, 2008| housingblogs |
Comments (0) @ 19:40
I will be attending the Milken Institute Global Conference on Monday April 28th. There are a couple of sessions of special interest related to real estate:Real Estate: Where Is the Bottom? 9:35 AM - 10:50 AM (PT) (includes Sam Zell)The Future of the Mortgage Market: Where Do We Go FromH…
Original Source: feeds.feedburner.com/CalculatedRisk
26 April, 2008| housingblogs |
Comments (0) @ 18:21
Inventory is continuing to rise, however, not at the pace that it was in March. According to this realtor’s website, there are currently 4070 active listings in Greater Victoria. This is around 200 more than at the end of March. In comparison, the month of March saw an increase of around 350 listings on their website.Today, there are 137 more SFH listings on MLS than on the 29th of March. The greatest increase in listings has been for SFH priced higher than $700k. There have been comments on the incredible number of listings with asking prices higher than $1 million. Today, there are 248 of such listings. Crazy!…
Original Source
26 April, 2008| housingblogs |
Comments (0) @ 17:36
By the way, on this house, I’d pay $120,000. Tops.Now I need to go take a shower.
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Original Source
26 April, 2008| housingblogs |
Comments (0) @ 16:55
Readers suggested a topic around the growing number of foreclosures. “Let’s talk about squatters The societal implications of having this in your family history. The financial implications of being one. The moral implications. The physical ones (no lawn mowing?). The emotional implications. The implications for neighbors of squatters. What about squatters with nice paid-for vehicles? Would there be a backlash from others who have high mortgages?”
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Original Source: thehousingbubbleblog.com
26 April, 2008| housingblogs |
Comments (0) @ 15:29
Readers suggested a topic around the growing number of foreclosures. “Let’s talk about squatters The societal implications of having this in your family history. The financial implications of being one. The moral implications. The physical ones (no lawn mowing?). The emotional implications. The implications for neighbors of squatters. What about squatters with nice paid-for vehicles? Would there be a backlash from others who have high mortgages?”
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Original Source: thehousingbubbleblog.com
26 April, 2008| housingblogs |
Comments (0) @ 15:29
Always welcome after a week of dreary news on housing and the economy: Pieter Severynen’s "Tree of the Week." Enjoy.
The Blue Gum —…
Original Source
26 April, 2008| housingblogs |
Comments (0) @ 13:51
Please post off-topic ideas links and Craigslist finds here.
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Original Source: thehousingbubbleblog.com
26 April, 2008| housingblogs |
Comments (0) @ 13:09
Regulars may remember this little post about Accredited Home Lender’s new Chief Advisor of Things Both Relevant and Interesting in the Non-Conforming Loan Market, Miss Busta.Well, Miss Busta’s website is up and running. I confess to complete and utter disappointment; after the build-up in the announcement email, I really expected this to be funnier:D…
Original Source
26 April, 2008| housingblogs |
Comments (0) @ 12:57
When I first moved to Phoenix in the mid-90’s, the place was swarming, and I mean SWARMING, with call centers. Someone find me a stat, but I’d bet call centers were 10% of the workforce and 30% of the new jobs….
Original Source
26 April, 2008| housingblogs |
Comments (0) @ 7:49
Perhaps it is just wishful thinking, but the Bank of England’s £50 billion special liquidity scheme might run into trouble with the European Union. The EU has tough rules on state aid, which forbids governments from using taxpayer’s resources to prop up ailing domestic industries. …
Original Source: bp0.blogger.com
26 April, 2008| housingblogs |
Comments (0) @ 5:39

There is a lively debate on this blog and elsewhere about whether the foreclosure crisis will make its way from the hardest hit areas — the Palmdales and Lancasters — into the center of Los Angeles. My suspicion is that the eye of the housing storm won’t move much. Yes, the economic weather will worsen all over L.A., foreclosures will rise. But the most severe economic damage will take place in newer, recently built, far-flung communities that have already been hammered. And not just because of the bursting of the housing bubble.
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Original Source
26 April, 2008| housingblogs |
Comments (0) @ 5:36
National City released its fourth quarter 2007 report last month and it offered a chilling look at Oregon’s metro areas.Metro areas in the Northwest seem to be the remaining pockets of froth,coincident with robust economies but at risk of price declines goingforward……Bend Oregon tops the overvaluation list….
Original Source: feeds.feedburner.com/portlandhousingblogspot
26 April, 2008| housingblogs |
Comments (0) @ 5:35
From the WSJ: Calpers-Linked Land Partnership Gets Default Notice A large California land partnership involving one of the largest U.S. pension funds has received a notice of default on a $1 billion loan after failing to meet certain terms of its lenders.LandSource Communities Development LLC, a partnership that involves the California Public Employees’ Retirement System, received the default notice Tuesday, amid talks to restructure $1.24 billion of debt. The partnership … owns 15,000 acres in Southern California ……
Original Source
26 April, 2008| housingblogs |
Comments (0) @ 4:30
The Taos Chamber of Commerce sent me an email about the grand opening of Lula’s, and I’m certainly glad I made it over there this afternoon. It’s in the old Pizza Emergency location, but the ambiance is quite different. I don’t know decor, but I liked the color and glass tables. Art on the walls was quite interesting.
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Original Source: farm3.static.flickr.com
26 April, 2008| housingblogs |
Comments (0) @ 0:59
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