Saturday, September 03, 2005

Can You Identify a Housing Bubble?

FOXNews.com - Business - Money Matters - Can You Identify a Housing Bubble?: "Dear Friends,
Just as it was impossible to pick up a newspaper or magazine in late 1999 that didn't have a story about over-priced tech stocks, so it is today when it comes to residential real estate. As Yale economist Robert Shiller sees it, talk positive on the upside and negative on the downside both creates and destroys financial bubbles. "
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We are buying a brand-new house

Charlotte Observer | 09/03/2005 | Q. We are buying a brand-new house: "Q. We are buying a brand-new house. Do you recommend we obtain a professional home inspection, which you suggest for buyers of resale houses? Yes, buyers of brand-new houses should insist on a professional home inspection before taking title. Of course, as the buyer, you'll pay for the inspection, so you can accompany "
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Saturated market sees local home sales slow

2005-09-03-housing.html: "The number of homes on the market in Tracy has skyrocketed and homes are not selling nearly as fast as they were earlier in the year.

It was pretty wild at the beginning of the year, said Dave Konesky, a broker with Prudential California Realty on West 11th Street and a board member with the California Association of Realtors. There just wasnt any inventory to show, so people were buying just to get into the market.
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Displaced New Orleans Residents Look Elsewhere

Displaced New Orleans Residents Look Elsewhere: "Faced with the prospect that there might not be much of a city to return to, some displaced New Orleans residents are already shopping for new homes.
'People are buying houses sight unseen here,' said Shelley Minor, a Realtor with Keller Williams Realty in Baton Rouge. 'There is a buying frenzy.'"
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Decide your needs before buying an outdoor fireplace - 9/3/05

Decide your needs before buying an outdoor fireplace - 9/3/05: "Dear Tim: Outdoor fireplaces seem to be popular, and I have the perfect patio to place one on. What do I need to know before I go shopping? I have seen them in all sorts of shapes and sizes, but am unsure of what would work best for me and my family. The fireplace will not be used for cooking, just warmth and appearance. Should I build my own fireplace? "
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Blogcritics.org: Foreclosure May Loom for Love

Blogcritics.org: Foreclosure May Loom for Love: "Mercury Capital Corporation alleges in a lawsuit that Courtney Love, lead singer for the band Hole and now resident of a rehab facility, has not paid on her mortgage since June of this year, E! Online News reports. Mercury Capital is seeking to attain the deed of her 4,123 square foot loft located in Manhattan's popular SoHo district, but that's not all. They also want 'any personal property' inside the property.
Love purchased the condo in 2001 for $2.6 million, a bargain of a price compared to what it would be worth in today's New York condo market."
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