Housing Bubble Blog: October 2007

You think the homeless have it tough
Friday, October 26, 2007

Everybody thinks the homeless have it tough. No place to sleep, no roof over their heads, wandering from place to place, but nobody talks about the Homes.
What about the Homes!

There are 2,000,000 - that's million man, empty homes (Source). Homes without residents. These 'Residentless' as I call them are often left for months (or even years) without residents.

I did a google search and found nothing in support of the 'Residentless'. Is it that people just don't care about these poor vacant homes, or are we spending too much time focusing on the 'homeless'.

posted by author @ 9:45 AM, , links to this post

Greenspan Opens His Big Fat Mouth
Monday, October 22, 2007

Almost two years ago, I was blogging about Alan Greenspan. I thought he retired. Alan Greenspan is commenting on the Housing Market quite a bit lately. The former Chairman to the Federal Reserve seems to have forgotten that he's not on the payroll. It also looks as if all he's saying is, "I told you so".

If I was Bernanke, I would be pissed.

Check this out- Nouriel Roubini's Blog blames Greenspan for essentially creating the Housing Bubble.

posted by author @ 7:41 PM, , links to this post

Home Builder Confidence
Tuesday, October 16, 2007

These poor home builders are simply losing their confidence. I'm not saying so, CNN is.
See -

"The nation's home builders' confidence in the battered market for new homes fell further in October, and a measure of their outlook remained at a record low level, according to the latest industry survey."- CNN Money

I kind of feel bad. It pains me to see the builders lose their confidence. I wish them all the confidence in the world - if there is anything that I can do to boost their confidence, I hope they will let me know.

Note to builders, please email me with ideas about how I can help you get your confidence back. EMAIL: contact_AT_housing-boom.com (*Remove _AT_ before sending email)

Sincerely, http://www.housing-boom.com/

posted by author @ 8:25 PM, , links to this post

Zillow Clones
Saturday, October 06, 2007

Way back in 2006 :-), I was talking about Zillow. Still great, and definitely the pioneer for using the Web for home valuations, but greatness breeds competitors. I was able to quickly find 11 Zillow copycats, clones, or whatever you want to call them. Some are more local or specialized, but still basically provide the same service.

Try these Zillow competitors:

http://www.realestateabc.com/
http://www.cyberhomes.com
http://houseamerica.com
http://realestate.yahoo.com/Homevalues
http://eppraisal.com
http://redfin.com/
http://propertyshark.com
http://www.loopnet.com/
http://www.google.com/base/
http://www.terabitz.com/
http://www.foreclosureradar.com/

posted by author @ 4:49 PM, , links to this post

Great Housing Bubble Blog
Wednesday, October 03, 2007

One of the best 'Housing Bubble' Blogs out there, Patrick.net has a great explanation for why it's a terrible time to buy Real Estate in this market.

"Buyers borrowed too much money and cannot pay the interest. Now there are mass foreclosures, and senators are talking about taking your money to pay for your neighbor's McMansion."

Also, other great links to Housing Bubble articles, blogs, pictures, etc. at Patrick.net

posted by author @ 6:37 PM, , links to this post