This Week on HousingPanic.Blogspot.com: Housing Bubble Burst Becomes Obvious, San Diego Realtor Admits Housing Meltdown Coming, Home Prices Decline, Home Listings Explode, Homeowners Become Very Afraid
While the meltdown in the US housing market continues, leading bubble blog HousingPanic.Blogspot.com recaps the news of the week, allowing its readers to understand and react
(PRWEB) November 21, 2005 -- While the meltdown in the US housing market continues, leading bubble blog HousingPanic.Blogspot.com recaps the news of the week, allowing its readers to understand and react
"This week saw a deluge in housing bubble reporting" according to Keith Brand, http://HousingPanic.Blogspot.com founder and editor. "We believe this past week, with Toll Brothers freaking out the market, a Builder's Confidence survey showing the good times were over, and anecdotal evidence flowing in, that the US housing bubble has finally burst."
"We see scared homeowners, pessimistic builders and panicked speculators now rushing their properties to market while they still can" continued Brand. "The explosion in Phoenix market listings shows how a market that just went up 55% in one year can now quickly deteriorate"...
Weekly headlines from http://HousingPanic.Blogspot.com included:
| | - Outlook sours for real estate - Did homeowners who sold in September get out just in time?
- Housing boom past its peak? October starts, permits fall more than expected in latest sign of softening real estate market.
- Deflating the bubble: A good thing
- Is getting a home loan becoming too easy?
- New Home Sales Drop Sharply as Market Continues to Cool
- Valley's home market No. 1 for price increases - But big price increases likely thing of the past
- Can home builders handle a chill? As the once-hot sector cools off, the bears look for long-term misery
- Housing market cools; prices drop, sales slow
- More houses for sale may mean slower market
- Outlook sours for real estate - Many indicators point to a major slowdown in home prices
- Cash out and get out while the going's good
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The http://HousingPanic.Blogspot.com blog is to simply inform, so that its readers may make their most intelligent housing choices.
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