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- It’s just too many PANICS (thank you Alan Greenspan). So what did I miss?
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HousingPANICRicePANICFoodPANICOilPANICIranPANICWaterPANICRepublicanPANICArtPANICDollarPANICGoldPANICBernankePANICRealtorPANICRamenPANICHummerPANICDeficitPANICBoomerPANIC
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Original Source: housingpanic.blogspot.com
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7 June, 2008| housingblogs |
Comments (0) @ 22:13
- WOT 6-7-2008
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You can see where the subprime blew up……
Original Source: www.irvinehousingblog.com
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7 June, 2008| housingblogs |
Comments (0) @ 20:30
- 10 Percent Unemployment in California: Which Counties are Hurting the Most and What it Means for Housing.
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The real health of a nation is derived from a citizenry that is employed adequately. The debate over what “adequate” constitutes can be debated but it is sufficient to say that the way current national data is gathered for employment is simply inadequate. People are undercounted. Even with the report that was issued on Friday demonstrates a much more disturbing trend beside a rise in the unemployment rate. What we are seeing is higher paying jobs in professional, construction, and manufacturing being replaced by lower paying service fields. With wages remaining stagnant over the past decade, reduction in household income does not bode well for our nation but it only further cements a difficult time ahead for the housing market.
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Original Source: feeds.feedburner.com/DrHousingBubble-HowILearnedToLoveSocal
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7 June, 2008| housingblogs |
Comments (0) @ 20:21
- May Foreclosures
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The 1.762 NOTs delivered in San Diego last month was a new record. NODs were down 5% from April, but May was nonetheless the second-highest month on record.
read more…
Original Source: piggington.com
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7 June, 2008| housingblogs |
Comments (0) @ 19:59
- These Are All Good Signs
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The Rocky Mountain News reports from Colorado. “More than one out of four homes in the Denver area placed under contract in May failed to close, according to an analysis of a monthly report on homes sold by Realtors. The 25.81 percent ‘fallout rate is staggering,’ said Larry McGee, president of the Berkshire Group, who for the first time analyzed that aspect of the market.”
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Original Source: thehousingbubbleblog.com
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7 June, 2008| housingblogs |
Comments (0) @ 19:33
- Taos Real Estate - The Evolution of Virtual Tours
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There are dozens of vendors selling software, hardware and online services to Realtors to create virtual tours of their listings. The solutions range from panoramic views of rooms, with links through connecting doorways, through slide shows of images, to full motion camcorder videos.
Levels of quality are all over the place as well, usually depending on the photographer or videographer. Arguments rage over speed of web posting versus quality, and whether there is value in do-it-yourself solutions. Obviously, a Hollywood style production video would be awesome, but is it affordable, fast and is it even necessary?
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Original Source: feeds.feedburner.com/TaosRealEstate
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7 June, 2008| housingblogs |
Comments (0) @ 19:14
- An apology, to Hemet and Desert Hot Springs
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Reader Dean Gray writes that I owe an apology to Desert Hot Springs, for my earlier snarky comment that it’s impossible to sell a house out there right now. He’s right, I do owe an apology.
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Original Source
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7 June, 2008| housingblogs |
Comments (0) @ 16:59
- Tree of the Week: The spectacular Red-flowering Gum
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Good morning, Kent Desormeaux, LA Land is pulling for you on this beautiful spring Saturday. Those of you doing some gardening today, or maybe taking a trip to the nursery, today’s thought of the day, from Pieter Severynen: embrace the unpredictable. Without further ado, P…
Original Source
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7 June, 2008| housingblogs |
Comments (0) @ 16:37
- Is Home Design Going To Change Now?
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Readers suggested a topic on post bubble housing. “Is home design going to change now? Cheaper homes built in factories and assembled at the site? Energy efficient homes smaller with fewer windows better insulation? I think there will be a backlash against all the large expensive crap built in the bubble years. Many large home builders will just go out of business anyway. Will new smarter home builders replace them?”
“In Phoenix very large 2 story homes were built with dozens of large windows facing west a very bad design in my opinion. Dark screens cover all these windows anyway so why are they designed in?”
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Original Source: thehousingbubbleblog.com
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7 June, 2008| housingblogs |
Comments (0) @ 15:53
- Oil and unemployment
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NY Times: Job Losses and Surge in Oil Spread Gloom on Economy
Many people turn negative again ……
Original Source: feeds.feedburner.com/CalculatedRisk
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7 June, 2008| housingblogs |
Comments (0) @ 15:44
- Town of Taos News Brief #50, June 6, 2008 (It’s a Long One…)
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1) Town of Taos Council Special Meeting Agenda for 6/10/08 (attached)
2) Flyer on Young Eagles Free Aviation Day for Area Youth (attached)
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Original Source: feeds.feedburner.com/TaosRealEstate
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7 June, 2008| housingblogs |
Comments (0) @ 15:14
- Taos and Fair Trade Status
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It’s far from new news about Taos’ fair trade status, as we’ve written here about it in the past. However, it’s always interesting to read about Taos, particularly in comparisons with cities like San Francisco. In an article discussing the p…
Original Source: feeds.feedburner.com/TaosRealEstate
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7 June, 2008| housingblogs |
Comments (0) @ 15:04
- Why Homes Don’t Sell - Simple Truths Even in Taos Real Estate Market
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Craig Schiller, founder of Real Estaging in Chicago, doesn’t divulge any secrets or new information in his blog post 5 Simple Factors That Keep Your Home From Selling. They’re some of the same things Realtors have been telling sellers for years…some Realtors.
The article comments in a couple of areas that are hot buttons for me. &…
Original Source: feeds.feedburner.com/TaosRealEstate
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7 June, 2008| housingblogs |
Comments (0) @ 14:53
- HBB On The Road
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My running observations of what I see as I travel, in the comments….
Original Source: thehousingbubbleblog.com
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7 June, 2008| housingblogs |
Comments (0) @ 14:27
- Government Is No Good At “Flip That House”
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Even some of the sharpest folks [Or perhaps I should say ESPECIALLY the sharpest folks] in real estate have gotten out of house "flipping". In a declining economy, with a glut of homes on the market, and financing difficult- it’s next to impossible to have flipping make financial sense. That doesn’t stop government from wanting to get in the business though. On May 8, R…
Original Source: housingdoom.com
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7 June, 2008| housingblogs |
Comments (0) @ 14:01
- Mortgages - risk free lending?
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Why did banks pump so much money into the housing market? The chart gives the answer. For the last ten years, write-off rates on mortgages have been virtually zero.Regular readers might be asking - didn’t we see this chart a few days ago. Yes, I did post something on banking sector write-offs. Then, I posted details on write-offs in terms of totals sterling amounts. However, this data expresses write-offs in terms of average stock of lending….
Original Source
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7 June, 2008| housingblogs |
Comments (0) @ 9:30
- Bits Bucket For June 7, 2008
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Please post off-topic ideas, links and Craigslist finds here….
Original Source: thehousingbubbleblog.com
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7 June, 2008| housingblogs |
Comments (0) @ 8:03
- Make Sure Your Real Estate Agent Is Really An Agent
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Real estate fraud hasn’t died, it’s just shifted gears a little. A brazen scammer working in Round Rock, north of Texas showed his "customers" several properties before renting out a home- that wasn’t for rent:
Timothy Alonzo Nero did everything he could to convince customers he was a legitimate real estate agent, Round Rock police say. …
Original Source: housingdoom.com
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7 June, 2008| housingblogs |
Comments (0) @ 8:01
- Australia: House Prices Fall Most in Five Years
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From Bloomberg: Australian House Prices Fall Most in Five Years on Higher Rates The median price for houses fell to A$458,488 ($439,644) in the March quarter, down 2.7 percent from the previous three months, the Real Estate Institute of Australia and Mortgage Choice Ltd. said. …
Falling residential prices support the central bank’s view that Australia’s $1 trillion economy will slow this year
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Original Source
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7 June, 2008| housingblogs |
Comments (0) @ 3:56
- What Will $5 Gas Do To The Portland Area?
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I skipped this story from the Portland Tribune a few weeks ago but with gas expected to reach $5.00 a gallon next month I thought it would be good to look back at what people were feeling when gas was at $3.75.Throughout Multnomah, Washington and Clackamas counties, people are worried about the economy, worried about the region, worried about their own family budgets. And responding — in overwhelming numbers — by changing how and where they spend money.A…
Original Source: feeds.feedburner.com/portlandhousingblogspot
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7 June, 2008| housingblogs |
Comments (0) @ 2:20