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A weekend topic starting with Fortune. "In 2005, Fed Chair Alan Greenspan told Congress that a 'bubble in home prices for the nation as a whole does not appear likely.' Of course, not only had a housing bubble formed, it…
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It's Friday desk clearing time for this blogger. "'In this particular market, the metro Detroit market we’re actually seeing home prices dropping. I’m seeing home prices drop by $10,000 a month,' said broker Maynard Neal." "'Now that we’re entering a…
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A report from NBC San Diego in California. "Gone are the days of 30 bids raising a home’s prices overnight. 'That market is done. It’s completely dead,' declared Miguel Contreras a real estate consultant. 'If you’re a seller, you have…
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A report from Go Banking Rates. "The Florida cities on this list are showing alarming signs that could be pointing toward a housing crisis. Pembroke Pines, Florida: % of homes for sale that have been foreclosed: 74.47%. Hollywood, Florida: %…
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A report from ABC 10 in California. "'Even worse than 2007,' said Ryan Lundquist, a Sacramento-based appraiser and housing analyst. 'And that sounds so dramatic, but it's true, because what we're seeing is some buyers have disappeared from the market.'…