- Housing Bubble News
- >
- Article Directory
The U.S. Housing Bubble has become a highly publicized phenomenon over the last several months. We at eFinanceDirectory.com want to keep you abreast of the situation by sharing the insider opinions, data sets, and newsworthy topics we compile on a daily basis. We hope that you will check back often and use this unbiased information to form your own opinion and queries about the housing markets in your area, as well as the markets in other areas of the country.
Housing Bubble News
-
Jun 26, 2008 --
Home prices have declined steadily since 2006. See exactly how far home prices have fallen with this 20-year look at price trends in the largest U.S. cities.
-
Jun 20, 2008 --
Wall Street executives and mortgage scam artists are being cuffed and booked around the nation as the FBI cracks down on mortgage fraud. Will borrowers be next?
-
Jun 13, 2008 --
Nigerian scammers have begun to target the millions of people who search Craigslist for apartments and rental homes every year. Get details on their scheme here.
-
Jun 05, 2008 --
The recent drop in home prices has left many people paying too much in property taxes. Read on to find out who's paying the most and what they're doing about it.
-
May 30, 2008 --
Home prices declined nationwide through 2007 and the trend is showing all signs of continuing through 2008. Newly released indices indicate home price declines of more than 20 percent in cities like Las Vegas, San Diego, San Francisco and Miami.
-
May 21, 2008 --
A new index was released today that details which metropolitan areas are affordable for people who have median household incomes and which are not. Read on to see which metros made the lists.
-
May 12, 2008 --
Home prices are expected to decline in 75 of the top 100 U.S. markets over the next 12 months. Some estimates predict prices will fall by an average of 10 percent. Check out this forecast to see how much your home will be worth next year.
-
Apr 30, 2008 --
The Bush administration and Congress are butting heads over legislation meant to ease the country's credit crisis. Camp Bush calls the controversial bill a bailout. Those who proposed the bill say it is necessary to protect the economy.
-
Apr 25, 2008 --
Inflated appraisals played a major role in the housing crisis and encouraged many buyers to overpay for homes. Can new standards change the way appraisers do business?
-
Apr 15, 2008 --
Lenders are becoming increasingly frustrated as a growing number of borrowers make the decision to walk-away from mortgage obligations. Freddie Mac and Fannie Mae are so fed up that they've decided to aggressively pursue 'walkaways' and prohibit foreclosed borrowers from getting another mortgage.
-
Apr 10, 2008 --
U.S. Senators passed the ridiculously titled Foreclosure Prevention Act on Thursday. Although lawmakers are admitting their new bill isn't perfect, they are doing very little to explain why they are giving billions in tax breaks to the industries that helped to facilitate the housing crisis.
-
Apr 03, 2008 --
Home prices in most cities are well below what they were only one year ago. See how the price per square foot has changed in 25 metro areas.
-
Mar 28, 2008 --
Rasmussen Reports, a polling firm that is frequently praised for its accuracy and reliability, recently conducted several polls on mortgage bailouts. According to their findings, the majority of Americans don't think homeowners should receive assistance from the federal government.
-
Mar 21, 2008 --
Credit crisis inspired panic has produced so many mortgage bailout ideas that it is becoming difficult to keep track of which plans are in effect. Here's an update that every taxpayer needs to read.
-
Mar 15, 2008 --
Deciding that no sizable firm should be allowed to fail right now, the Federal Reserve Bank made arrangements with JP Morgan Chase on Friday to bail out securities firm Bear Sterns.
-
Jun 26, 2008 --
Home prices have declined steadily since 2006. See exactly how far home prices have fallen with this 20-year look at price trends in the largest U.S. cities.
-
-
May 30, 2008 --
Home prices declined nationwide through 2007 and the trend is showing all signs of continuing through 2008. Newly released indices indicate home price declines of more than 20 percent in cities like Las Vegas, San Diego, San Francisco and Miami.
-
-
Apr 30, 2008 --
The Bush administration and Congress are butting heads over legislation meant to ease the country's credit crisis. Camp Bush calls the controversial bill a bailout. Those who proposed the bill say it is necessary to protect the economy.
-
-
Mar 07, 2008 --
Although there are many people who are making the decision to walk away from their homes and their mortgage payments, there are an increasing number of individuals who are staying in their home without paying any money at all.
-
-
Feb 29, 2008 --
As home prices fall across the nation, lenders are becoming more unwilling to write loans for home purchases in some geographical regions. The result is that financing is almost unattainable in certain areas.
-
Feb 21, 2008 --
American homeowners are desperate to believe that the gains they have seen over the last ten years will not disappear completely, but the truth is that there is only one direction for home prices to go.
-
Feb 15, 2008 --
A homeless woman earning $10 an hour was recently approved for a $470,000 adjustable rate mortgage. The New York State Commission of Investigation is analyzing this case and others in hearings on mortgage fraud and subprime lending.
-
Feb 06, 2008 --
Potential buyers bought into all sorts of rent vs. buy myths to justify buying houses that they could not afford during the boom. Now that the U.S. housing market is in shambles, people are starting to realize that renting may not be a dirty word after all.
-
Feb 01, 2008 --
Before you cheer the most recent Fed rate cuts, you should know the cuts weren't for the American public as some media stories have implied. The cuts were a bailout for irresponsible bankers who need a lifeline if they want to stay afloat.
-
-
Jan 30, 2008 --
Major metropolitan areas across the U.S. are experiencing double-digit home price declines, according to a Standard & Poor index released Tuesday. The declines are being referred to as the largest price drops seen since World War II.
-
Jan 22, 2008 --
A lot of buyers paid too much for their house during the housing boom. Although most sit around lamenting their own folly, one California buyer is taking a different approach--she's suing her agent.
-
Jan 21, 2008 --
Murky news reports and freewheeling politicians have managed to create a lot of misconceptions about house prices and mortgage bailouts. The time has come to set the record straight.
-
Jan 10, 2008 --
A NYC real estate broker announced Monday that he has developed a comprehensive plan to oil our economic engine and bring the housing market from bust to boom in only 30 days time.
-
Jan 08, 2008 --
In a time when even the most conservative politicians are for the idea of bailing out mortgage borrowers and lenders with taxpayer backed programs like the FHA, it is surprising to see a presidential candidate propose a REAL hands-off policy. But that is exactly what Ron Paul is doing. His views are not only refreshing, they actually make sense.
-
-
Dec 27, 2007 --
Global housing markets have seen both ups and downs in 2007. The U.S. housing market crashed and the European market finally began to slow. Bulgaria, China and Singapore markets all documented huge gains.
-
Dec 20, 2007 --
Home affordability remains a problem in many areas of the country despite falling home prices. The most affordable cities are in the Rustbelt, and the least affordable cities are scattered across California.
-
Dec 19, 2007 --
The home price correction is in full swing, according to a newly released home price index. Major cities in California, Florida, Nevada and Arizona have experienced severe double-digit price declines in the last 12 months and other U.S. cities aren't far behind.
-
Dec 18, 2007 --
Home price corrections are nothing new. Between 1985 and 1997, there were many metro areas across the country that saw both booms and busts.
-
Dec 17, 2007 --
In her book, 'GREEN WITH ENVY: A Whole New Way to Look at Financial (Un)Happiness', Shira Boss analyzes how the desire to keep up with the Joneses is keeping Americans in debt. Shira sat down with us recently to discuss what is going on behind the scenes and what American consumers can do to beat back the green-eyed monster.
-
-
Nov 29, 2007 --
U.S. foreclosure activity nearly doubled during the month of October according to a foreclosure survey released today. Nationally, there was one foreclosure filing for every 555 households. Nevada, California and Florida documented the highest foreclosure rates.
-
Nov 28, 2007 --
Credit reporting agency Equifax recently unveiled a new rating system that identifies credit seekers who may have an adjustable rate mortgage. The ARM Predictor is meant to minimize risks for lenders, but some consumer advocates worry that the system will hurt borrowers and lead to higher rates on loans and credit cards.
-
Nov 27, 2007 --
Falling home prices and dwindling sales affected U.S. metros during the third quarter. Find out which cities and states experienced the biggest declines here.
-
Nov 26, 2007 --
Several states have collectively raised $900 million to help struggling homeowners refinance and avoid foreclosure. So far, the well intentioned programs have done next to nothing.
-
Nov 20, 2007 --
According to new home price data released yesterday, homeowners in at least 17 states lost money in the housing market over the last 12 months as home prices declined. California had a double-digit decrease; Florida and Nevada were not far behind.
-
-
Oct 30, 2007 --
Falling home prices, economic stressors and problems in the mortgage market have caused delinquencies to rise. Find out which markets are and aren't at risk.
-
Oct 29, 2007 --
A report released Thursday by the Joint Economic Committee predicts the housing slowdown will result in an unprecedented $100 billion loss to the economy by the end of 2009.
-
Oct 26, 2007 --
Countrywide and BankUnited, two of the nation's largest mortgage lenders, let lax underwriting standards rule the day during the housing boom. Now that the party's over, the two lenders must brace for the difficulties ahead.
-
Oct 25, 2007 --
According to two new reports released by the National Association of Realtors (NAR) and the Commerce Department, September home sales fell more than 20 percent in a year-over-year comparison. Home prices also dropped, with the largest declines occurring in the West and the South.
-
Oct 24, 2007 --
With home prices declining in many areas of the U.S., more seniors have begun to consider the possibility of a reverse mortgage. Is this a good thing or just another disturbing trend in the lending industry? To learn more, we interviewed Brian Kazan from Reverse IT, the fastest growing reverse mortgage company in the U.S.
-
-
Sep 28, 2007 --
When the Fed decided to cut short term interest rates last week, a lot of people cheered, thinking this meant a drop in mortgage rates. As it turns out, just the opposite happened. Fixed mortgage rates have risen for the second consecutive week.
-
Sep 27, 2007 --
Approximately 75 percent of the homes in the U.S. will experience a decline in prices before the nation's housing slump is over. Double-digit declines are forecasted in nearly 50 metro areas. Find out which parts of the country will take the biggest hit, and when the peak and bottom is expected for each.
-
Sep 26, 2007 --
Home sales fell considerably during the month of August, and are now at a five year low. Prices have fallen to levels not seen since the last recession.
-
Sep 25, 2007 --
A new bill that will allow bankruptcy courts to alter mortgages written by 'predatory lenders' was introduced to the House of Representatives on Friday. One lender, Countrywide Financial Corp, announced today that they will be altering 35,000 home loans this year as well.
-
Sep 24, 2007 --
Builder confidence is supposed to be one of the best ways to measure how good or how bad the housing market is performing. If this is true, we are in trouble. According to new index reports issued by the National Association of Home Builders, builder confidence is at a record low.
-
-
Aug 24, 2007 --
The long awaited new home sales report was released today by the Commerce Department and, as usual, the mainstream news pieces that detail the report are nearly all the same. Of course, each publication is so focused on touting the 'surprising' and 'unexpected' increase in new home sales during the month of July that they missed the real story.
-
Aug 23, 2007 --
Jobs attached to the housing market have hit the skids since the beginning of this year. Hundreds of thousands have lost jobs already, and others will follow in the wake of the bursting housing bubble. After all is said and done, the employment collapse in the financial sector alone is expected to rival the job loss that occurred in the airline industry after the 2001 terrorist attacks.
-
Aug 21, 2007 --
Sounds impossible, and perhaps a little shady, doesn't it? But it is happening in nearly every state across the nation. People are buying brand new homes and getting someone else to flip the bill.
-
Aug 20, 2007 --
According to the latest quarterly survey released by the National Association of Realtors (NAR), total existing home sales have fallen dramatically compared to last year, and the national median home price is down as well.
-
Aug 09, 2007 --
Following a meeting with his top economic advisors on Wednesday, President Bush addressed the housing market, lending standards and proposed bailouts for troubled homeowners.
-
-
Jul 31, 2007 --
Contrary to popular belief, people make less money now than they did nearly five years ago. If this trend continues, the impact on housing and lending markets could be devastating.
-
Jul 26, 2007 --
Thinking about buying into the housing market? You might want to look before you leap. We are in the middle of a housing recession. If you buy at the wrong time, you could spend a good portion of your life regretting the decision.
-
Jul 25, 2007 --
June home sales were disappointing, falling sharply in a year over year comparison. Home prices remained flat.
-
Jul 20, 2007 --
The U.S. is in the middle of a severe housing downturn. Stories of foreclosure and financial ruin have dominated the headlines in the last six months. If you are adamant about buying a home, the best thing you can do is learn from the mistakes that others have made.
-
Jul 19, 2007 --
In 2005 Ben Bernanke succeeded Alan Greenspan as chairman of the Federal Reserve. Just days before being nominated for the post, he assured Congress that the national housing boom was not a bubble that was about to burst and that a cooling in the market would not affect the economy. On Wednesday, Bernanke ate those words. Read on to find out what he had to say about housing, the economy and the possibility of a Fed intervention.
-
-
Jun 27, 2007 --
There are many people in the housing industry working hard to assure potential homebuyers that the time to buy into the market is 'now'. The truth is that U.S. home sales have fallen to the lowest point in four years, median prices have dropped for ten consecutive months and the often overly-optimistic NAR is predicting the worst annual price decline in four decades of recordkeeping. These indicators and more prove that there couldn't be a worse time to buy than right now.
-
Jun 25, 2007 --
Treasury Secretary Henry Paulson assured reporters last week that we are near the end of the housing slump, and that the downturn will not have an effect on the economy. Were the comments right on, overly optimistic, downright foolish or outright lies?
-
Jun 22, 2007 --
The Las Vegas housing market has taken a turn for the worst. Sales are down, inventory is at an all time high and the Greater Las Vegas Association of Realtors is recommending that sellers drop prices below 2004 levels.
-
-
May 30, 2007 --
Everyone from the Fed Chairman to the Federal Reserve has taken time to reassure the nation that housing is on the comeback trail and that the subprime spillover won't be enough to drown the economy. While it is nice to think the future will bring nothing but sunshine and roses, the reality is much darker. Will we ever hear the truth from agencies like the NAR and the Fed?
-
May 25, 2007 --
The U.S. Census Bureau and the Department of Housing and Urban Development released a joint report yesterday detailing new residential sales in the month of April. According to the report, new homes sales are down 11 percent in a year over year comparison. Median home prices also dropped a record 11 percent.
-
May 24, 2007 --
Nationwide, housing is on the decline and markets across many different states are suffering. In some metropolitan areas, the housing market is holding up relatively well, but in others, homeowners are seeing their equity disappear right before their eyes. Before you invest, buy or borrow, check out this list of the worst housing markets in the U.S.
-
May 10, 2007 --
The Federal Reserve voted to hold rates steady at 5.25 percent yesterday. The move came as no surprise to economists, who had predicted the unanimous vote. As they did in the last meeting, the Fed is pointing to inflation as the reason for their decision.
-
-
Apr 30, 2007 --
The National Association of Realtors (NAR) is notorious for making optimistic predictions in regards to housing. After stating repeatedly that there was no such thing as a housing bubble in 2005, the NAR changed their stance in 2006, admitting that a price correction may be afoot. The association then called the bottom of the correction in August of 2006, September of 2006 and December of 2006. Now it seems they have changed their tune once again.
-
Apr 26, 2007 --
Falling home prices, rising foreclosures and declining sales are just a few of the terms peppering new headlines nowadays. And the full impact of the bursting bubble hasn't even hit yet. What else is to come?
-
Apr 20, 2007 --
Once known as the 'Motor City', Detroit is now being called the foreclosure capital of the world. Depressed economic conditions in the state of Michigan and adjusting interest rates have led to a surge of foreclosure activity. With home values down, foreclosures rising and unemployment at a national high, it's hard to say whether or not Detroit's housing market will ever recover.
-
Apr 16, 2007 --
More and more people in the Washington D.C. area are making the choice to rent versus buy. Apartment vacancy rates are now half the national average, and many sellers who can't get rid of their home in the current market have decided to rent their properties instead.
-
Apr 06, 2007 --
Phoenix real estate experienced record appreciation in 2005. Now, sales are slower than they have been in five years and the median price of a Phoenix home has dipped below year ago levels.
-
-
Mar 27, 2007 --
New numbers released by the National Association of Realtors show that homes sales are down, median prices are down and home inventory is up. Many economists believe home sales and prices will continue to fall as subprime woes and foreclosures create further pressure on the housing market.
-
Mar 19, 2007 --
Recent reports of significant median home price declines have left many homeowners and investors wondering whether or not they will be suffering the effects of the housing downturn (if they haven't already). This Housing Market Watch breaks down the numbers and shows which metropolitan areas suffered the largest declines in median home prices during the fourth quarter of 2006 and which areas had the best gains.
-
Mar 12, 2007 --
More and more comparisons are being made between the current housing slump and the former housing slump that occurred between 1986 and 1991. The similarities between the two slumps are becoming glaringly obvious, suggesting a hard landing and trouble for the U.S. economy.
-
-
Feb 26, 2007 --
The housing bubble has resulted in a loss of profit for many builders, developers, and others organizations that are associated with the housing market. But, there may be a way for the average investor to profit from the housing bubble.
-
Feb 19, 2007 --
The slump continues for the U.S. housing market as sales decline in 40 states across the nation and median prices drop in most major metropolitan areas. Despite hopes that the correction has almost ended, there appears to be no bottom in sight.
-
Feb 15, 2007 --
Detroit, Michigan has been touted as having the worst housing market in the entire country. Prices are dropping so fast that some wonder whether or not Detroit housing will ever rebound.
-
Feb 08, 2007 --
Even with tales of the housing bubble permeating every media outlet, there are still some people insisting that housing has bottomed out or that there will be a soft landing. Those deepest in denial claim that there is no such thing as a housing bubble. But with prices and sales careening downhill in most areas of the country, it's time to face facts.
-
Feb 06, 2007 --
The Multiple Listing Service (MLS) is the number one real estate data source for agents and brokers around the nation. In 2005, the Department of Justice accused the NAR of engaging in collusion and non-competitive behavior to give the most established (and expensive) brokers an edge. The case has yet to be settled and as a result, the NAR is still monopolizing the MLS.
-
-
Jan 30, 2007 --
The Commerce Department released a new report last Friday showing that home sales increased for a second straight month in December. As a result, many of the media headlines over the last few days gave the impression of a housing market on the rebound. While it would be nice to think that the housing recession is coming to an end, the fact is that the new housing numbers don't tell the full story.
-
Jan 24, 2007 --
During the boom, the housing market helped to drive the economy, supporting and bolstering related industries. With the housing bubble deflating faster than a runaway train, housing-related industries are suffering.
-
Jan 12, 2007 --
David Lereah, Chief Economist and Senior VP of the National Association of Realtors (NAR), is frequently quoted within articles pertaining to the housing market. Some of his opinions and predictions seem positively ludicrous now, while others were right on. Here is a look back at some of the statements made by Lereah and the NAR over the last few years and how they compare with the reality of the housing market.
-
Jan 11, 2007 --
While economists argue about the strength of the economy in 2007, many have yet to address what is really on the minds of homeowners. Few, if any, predictions put growth in the real estate at more than 3%. Everyone agrees that price declines have already hurt consumers, but little information has been forthcoming in regards to whether the worst is yet to come.
-
Jan 08, 2007 --
Just one year ago, the worry was that housing supplies could never catch demand in the California real estate market. In many ways the lack of available homes fed the spiraling costs of the housing bubble. The result is a glut of available real estate in the form of single-family homes.
-
-
Dec 28, 2006 --
The doomsayers touting the nuclear winter of the exploding housing bubble may have been a necessary condition in slowing an overheated market, but you don't have to flee in panic. While some of the more extreme have predicted an economy wide recession, others see a correction driven by the Federal Reserve's reigning in of inflation.
-
Dec 26, 2006 --
The housing bubble was the hot story of 2006, but some critics say that the news media took things too far, exaggerating facts and scaring homebuyers. Is the media partly to blame for the housing market crash?
-
Dec 22, 2006 --
While good points are brought up on both sides of the housing bubble debate, the reality might be a bit more mundane. Sure there has been a dramatic run up in prices, but the increases have been driven by a run of low interest rates that the market hasn't seen in almost half a century.
-
Dec 21, 2006 --
Not long ago, economists were predicting steady rates though 2007. However, a new announcement from the Fed seems to have prompted a change in the forecast.
-
Dec 18, 2006 --
To hear some tell it, the housing bubble is bursting and there is nowhere to hide. Others paint an overly rosy picture that resembles too closely the misguided valuations given to the stock market of the late '90s. As with most things, both sides have some claim to the truth. Neither though is painting a very clear picture.
-
-
Nov 30, 2006 --
An announcement was issued today by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) indicating that home sales have dipped once again. Some experts believe that the dip is further proof that the housing market is stabilizing.
-
Nov 29, 2006 --
Though many people don't know it, the months of November and December are two of the best months to buy a home. If you are a serious homebuyer, you need to read this article and find out why it is a good idea to close on your home now instead of waiting until the New Year.
-
Nov 28, 2006 --
Even with home sales slowing throughout the state, home affordability remains an issue for California residents. First time homebuyers are feeling the most pressure.
-
Nov 27, 2006 --
The topic of real estate has gotten a lot of press this year. With the real estate issues facing U.S. homeowners in 2007, the popularity of the topic is sure to continue.
-
Nov 20, 2006 --
Home sales are down in many areas of the country, but in North Carolina the opposite is true. This state has seen an increase not only in home sales, but also in home prices.
-
-
Oct 31, 2006 --
Experts have been arguing about the housing market for years, so it is no surprise that the alleged housing bubble has caused so much strife. Here is the latest in the housing bubble vs. no housing bubble bout.
-
Oct 30, 2006 --
Real estate investors were one a rare breed, but in recent years, more and more everyday people have gotten into the business of house flipping. While entrepreneurship is a good thing, many of these wannabe investors are finding themselves saddled with houses they can't sell and looming foreclosures.
-
Oct 27, 2006 --
Economic growth has slowed to a crawl as hosing market woes continue. New reports from the Commerce Department indicate that the economy is growing slower than normal, and much slower than previous predictions.
-
Oct 26, 2006 --
Even as homes sales are on the rise, home prices continue to drop. The decline in home prices has been the worst seen in over 35 years. Read on to learn more about September's numbers and the future of the housing market.
-
Oct 24, 2006 --
With the housing market cooling quickly, many sellers are being forced to face facts. The 2006 market is nothing like the 2005 market. Still there are home sellers who are in denial. If these sellers keep being stubborn, the already slow housing market may suffer the consequences.
-
-
Sep 30, 2006 --
The U.S. housing bubble has been getting a lot of press lately, but other countries are also experiencing similar problems. Our northern neighbor, Canada, has seen surging home prices that echo recent occurrences in the U.S. market. This leaves some Canadian economists wondering if there is a Canadian housing bubble set to burst.
-
Sep 29, 2006 --
With home sales slumping across the country, home sellers are being pressured to drop their prices lower and lower. If the home values in your neighborhood are declining, it may be because too many of your neighbors accepted a low ball offer.
-
Sep 28, 2006 --
With the real estate market slowing down, sellers who want to get out from under their home fast have been trying out creative methods, such as home auctions. The latest trend involves home selling online.
-
Sep 28, 2006 --
After falling steadily, new home sales increased during the month of August. Though numbers were promising, some analysts feel that the rise is only temporary.
-
Sep 26, 2006 --
The existence of a housing bubble in the U.S. has been passionately debated throughout the year. Now, reports are surfacing all over the Internet that the housing bubble has finally burst.
-
-
Feb 10, 2006 --
The housing market has cooled dramatically across the country. Homebuyers are heavily increasing incentives so they can close the deal. Here are some of the things you can expect to see when home shopping.
-
-
Jan 31, 2006 --
The Homeownership Alliance says the possibility of falling home prices over the next ten years is extremely remote. In fact, mortgages are expected to rise a whopping 5 percent on average! Read on to get the skinny on tomorrow's housing market.
-
-
Aug 25, 2005 --
Their are strategies homeowners can take to limit risk in a overheated housing market.
-
Tracking housing news is great, but in the end, what most people want to know is where the housing bubble will bust and which areas will experience the biggest downturn. Here are the top ten cities where the housing bubble is most likely to bust and cause a serious drop in home prices.
Our series of interviews with housing experts across the nation continues with a housing bubble analysis courtesy of Mike Shedlock. Shedlock, perhaps better known as Mish in certain circles, is an investment advisor representative, and the owner and operator of Mish's Global Economic Trend Analysis.
Clif Droke, author of America's Housing Bubble, recently sat down with us to share his views on how the housing bubble started, whether you should rent or buy in a downtrodden area, and when we can expect housing to finally bottom out.
Falling home prices, rising foreclosures and declining sales are just a few of the terms peppering new headlines nowadays. And the full impact of the bursting bubble hasn't even hit yet. What else is to come?
The San Francisco Bay Area housing bubble is beginning to deflate. Home sales are in the midst of a 24 month decline, and median prices are falling throughout the nine-county region. To determine what will happen next, we'll take a look at a similar housing bubble that occurred in Japan less than 20 years ago.
The housing bubble has resulted in a loss of profit for many builders, developers, and others organizations that are associated with the housing market. But, there may be a way for the average investor to profit from the housing bubble.
Even with tales of the housing bubble permeating every media outlet, there are still some people insisting that housing has bottomed out or that there will be a soft landing. Those deepest in denial claim that there is no such thing as a housing bubble. But with prices and sales careening downhill in most areas of the country, it's time to face facts.
Get the eFinanceDirectory newsletter and RSS feed!
Mortgage & Financial Services
|