Even splashy homes featured on television shows are having a tough time selling.
Villa de la Vina, the six-bedroom, 7 1/2-bathroom estate used for two seasons of the ABC reality show "The Bachelor" and last season’s "The Bachelorette," is now listing for $8.75 million, down from $13 million earlier this year.
…
Original Source: feeds.latimes.com
U.S. Stocks Drop in Rollercoaster Day; Dow Swings 1,000 Points…
Original Source: http://feeds.feedburner.com/nychousingbubble
It is not a good year to have a small business related to the housing market, according to Raleigh, N.C.-based Sageworks, which gathers proprietary financial data on privately held companies nationwide.
PANIC. We’re there. Capitulation. We’re there. Despondency and depression.T…
Original Source: housingpanic.blogspot.com
That’s right, the market price of oil has been falling:The stunning collapse in oil markets accelerated Friday, with a barrel plunging below $78 as investors grow more pessimistic about a mushrooming global economic crisis.A barrel of oil hasn’t been this cheap in 13 months — a rare silver lining for consumers amid a rapidly imploding financial landscape.W…
Original Source: bubblemeter.blogspot.com
It’s Friday desk clearing time for this blogger. “Since she put her Norfolk rental home on the market four months ago, Robyn Hofheimer has lowered the asking price three times. Still no bites. Hofheimer and her husband own two houses in Norfolk. Now, the couple want to sell both and move to Virginia Beach, where they grew up. Timing isn’t on their side. ‘The market is just not moving out there at all,’ she said.”
…
Original Source: thehousingbubbleblog.com
From Bloomberg: G-7 Meets on Crisis as Italy Splits Over `Weak’ Draft Finance ministers and central bankers from the Group of Seven nations met for crisis talks in Washington amid an unprecedented public split over what to say in their joint statement.
The draft communiqué under consideration is “too weak” and fails to reflect the gravity of the financial turmoil, Italian Finance Minister…
Original Source: http://feeds.feedburner.com/CalculatedRisk
It’s time.It’s time for the US taxpayer to take on the banks, fire and prosecute their executives, recapitalize them, and move on. And maybe one day sell them off at a profit.It’s time for us to arrest the guilty (hello Angelo Mozilo), seize their ill-gotten gains, and move on.It’s time for us to admit what we all know is true. The banks in the United States are insolvent. They got that way because of lack of regulation, a bastardization of the tax code that over-encouraged home purchases, the incompetence and corruption of the auditors and ratings agencies and FDIC, a gaming of the system by the investment banks, appraisers, realtors and mortgage brokers, and outright bribery of the US Congress….
Original Source: housingpanic.blogspot.com
SPECIAL 2-DAY HOUSINGPANIC OPEN THREADHow has the collapse that we all anticipated affected you?How about your friends, family and co-workers?…
Original Source: housingpanic.blogspot.com
The Dow has shed thousands of points and the global economy is in crisis.
…
Original Source: rss.cnn.com
Some conclusions in the Center for Housing Policy study released Wednesday, "Stretched Thin: The Impact of Rising Housing Expenses on America’s Owners and Renters, 2008," come from more recent data than the 1996-to-2006 study period.
Give It 2 Me — Madonna
They say that a good thing never lasts And then it has to fall Those are the the people that did not Amount to much at all
I didn’t amount to much… much debt that is…
Isn’t this really the siren song of the Great Housing Bubble? G…
Original Source: http://feeds.feedburner.com/IrvineHousingBlog
The TED spread (the difference between the LIBOR interest rate and the three month T-bill) has increased to a record 4.65 today. Completely off the recent charts! Here is the TED Spread from Bloomberg.
Here is a graph via Macroblog that shows a long term view of the TED spread (doesn’t include the recent spike to 4.65).
There are a few earlier periods when the TED spread was higher than today…
Original Source: http://feeds.feedburner.com/CalculatedRisk
Posted By:Diana OlickI am so sick and tired of seeing that headline; it seems to be everywhere, in newspapers, on TV news tickers, on the local news, online. It’s freaking people out, and it’s just plain wrong. Here are some facts: 
…
Original Source: www.cnbc.com
Town approval to build a 169,500-square-foot Walmart in Riverhead was overturned by a Suffolk County judge earlier this week.
Supreme Court Judge Thomas Whelan ruled that the Riverhead Town Board had overstepped its bounds in approving the Walmart site plans because they “run counter to the town law, its comprehensive plan, and its own zoning code.”
…
Original Source: spacedoutli.wordpress.com
Alan Greenspan, 2004:Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient.Whoops!…
Original Source: bubblemeter.blogspot.com
“Disaster teaches us humility”…
Original Source: ukhousebubble.blogspot.com
Hmm. I thought Peter was going to tell you he has today off but seeing no such post waiting in the wings I will break the bad news. No, we aren’t holding him somewhere for ransom. He just has the day off. At least that’s what he told me. If you feel strongly about that, feel free to cast your vote on whether we should ever give him another day off. I will start the voting: Against.
The reason why I raised the ‘buy at 2001 pricing’ question yesterday can be summerized by looking at the Dow Jones Average and the Case Shiller Index together.
If you just look at the Case Shiller Index, the answer is pretty clear. What we are calling ‘The Housing Bubble’…
Original Source: bubbletracking.blogspot.com
…
…
…
Suscribe