Here in the Washington, DC area it's supposed to hit three digits on the thermometer in the late afternoon.
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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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The Bubble Meter Philosophy
The best way to get the housing market thriving again is to drop prices to the point where supply equals demand. Home sellers might not like it, but it's good for buyers and it's great for Realtors.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
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Bubble Meter Archive
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2010
(188)
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July
(15)
- Real GDP grows 2.4% in Q2
- More Americans are chosing to rent
- Home prices up in May
- Cool real estate for sale: Nakatsu Castle
- New real estate tax in 2013
- Lost decade ahead? Lost decade behind!
- Interesting
- More sellers slashing home prices
- Mortgage applications hit a 13-year low
- REITs vs. Stocks & Commodities
- Fed worried about economic double-dip
- Alan Greenspan on the economy
- Housing outlook grim
- Enjoy the heat today
- Congress won't let the housing tax credit die
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July
(15)
Three digits?? Yikes! Stay inside and good luck!!
ReplyDeleteI feel your pain.... everyday haha. Triple digits is almost an everyday occurrence down here in SC. Not complaining though, we brag that Columbia is "famously hot".
ReplyDelete