Real Estate Crisis and A little American Studies

How Fannie — and You — Bought a Hapless House

Economic Gloom Envelops Britain

Economic Gloom Envelops Britain

What I Saw in America: How About that Free Market?

Quick update. . . it looks like Fannie and Freddie are going to be swallowed by the Feds. This is serious business.

My new prediction: which ever candidate is able to get out ahead on this group of issues, wins.

The NYT recently did a piece on the exurbs of LA - Merced in particular. This is ground zero of everything the course was about and what this blog has tracked over the last few months.

Philadelphia-area home sales down, prices mixed | Philadelphia Inquirer | 08/12/2008

Golf Course Communities’ Double Bogey

Oh the humanity .  .  .

Economic Malaise Threatens To Undermine European Unity

This is about Spain, but Italy is also have issues. Spain’s is heavily connected to the real estate bust, Italy to general malaise.

Bank Failures Rise but Critics Say Not Fast Enough

You think the government is wasting a few billion a year on mass-transit subsidies. But what about the huge subsidies for cars and trucks? - By Daniel Gross - Slate Magazine

Ahem!

Gas Prices Apply Brakes To Suburban Migration

Hopefully it stays that way at 3.00 dollars a gallon

Section 8 often brings problems with it . . . NYT

Economists don’t know what your house is worth . . . NYT

Banks in bad shape means mortgages rates are going up . . . NYT

Renters are getting screwed too and CR analyzes why - a lot of landlords shouldn’t be and probably spent too much for a rental property. . . WP and CR

Unpleasantness in Florida . . . the Guardian

Samuelson on the addiction to homeownership, unfortunately often landlords suck more . . . WP

Dynamic Maps of Nonprime Mortgage Conditions in the United States

Fantastic maps! How is your town doing?

Hot Property Blacks and Hispanics twice as likely to get high-cost mortgages - BusinessWeek

Home Values Are Down, and Not Just at the Bank

Some serious historical context from one of the leaders in the field . . .

This Time, It’s Different

A little peak oil in the Washpost

S&P: Home prices drop by record 15.8 pct. in May - Yahoo News

Things aren’t getting better despite the silly NPR show last night . . .

Calculated Risk: Q2: Homeownership and Vacancy Rates

Interesting data. . .

CARPE DIEM: Detroit: Cheaper To Buy A House Than A New Car

Ouch!

Calculated Risk: Graphs: Existing Home Sales
This suggests to me that sales will fall further later this year and in 2009.

My Way News - FDIC takes over 2 more banks, closing 28 branches

Existing-home sales fall dramatically from 2007 | Philadelphia Inquirer | 07/25/2008

The word on Philly . . . not very pretty . . .

Real Time Economics : Credit Storm Could Cause Headwinds for Card Issuers

Your turn . . . bend over  . . . now this is going to hurt .  . .

Northern Virginia Housing Bubble Fallout
Just added to the blogroll . . . a little local attention and not the good kind.