Housing Bubble

Blog post
November 30, 2009, 9am PST

Those of us whose professional lives are inextricably linked to the real estate development economy in one way or another have had plenty of time in the last year to twiddle our thumbs and attempt to figure out what the heck happened. This much we know — there was a housing bubble some places, it burst, and the economy collapsed. Have you ever slipped and fell – one those unexpected spectacular aerial feats where your feet fly out from underneath you, you look down your legs and see your toes at eye level pointing to the sky, and you say to yourself “this is really going to hurt when I land”? That’s what this year has been like for many, some of whom are still waiting to hit hard because they had projects in the pipeline and they are grinding their way through “inventory” of unfinished work. Plus, we started from a high plateau. Wall Street types call the unexpected but apparent life in the market during the first part of a recession “dead cat bounce” which Forbes defines as “a temporary recovery from a prolonged decline or bear market, after which the market continues to fall.” Even a dead cat dropped from a very high place will bounce a little when it hits the ground…

Dwight Merriam
April 26, 2009, 5am PDT
This article from <em>High Country News</em> dissects the Arizona real estate collapse through the lens of one exurb.
High Country News
December 20, 2008, 1pm PST
This article from <em>The New York Times</em> looks at how Clinton-era tax breaks helped create the housing bubble.
The New York Times
December 12, 2008, 12pm PST
Figures recently released by the Census Bureau offer a glimpse at the pre-existing economic situation that led to the burst of the housing bubble.
The Seattle Times
May 5, 2008, 7am PDT
<p>The bursting of the housing bubble may be tied to rising gas prices, according to one economist.</p>
The Oregonian
April 30, 2008, 1pm PDT
<p>A new reports says high gas prices have contributed to falling house prices in the nation's suburbs.</p>
The Oregonian
April 22, 2008, 11am PDT
<p>Dean Baker of the Center for Economic and Policy Research (CEPR) chastises those whom he calls the "homeownership ideologues" for promoting homeownership to lower income households.</p>
Truthout
March 20, 2008, 1pm PDT
<p>J.P. Morgan's federally-back purchase of Bear Stearns holds billions in dubious "mortgage backed securities," and Fannie Mae and Freddie Mac are pumping hundreds of billions into the market. Time may be running out for the Federal Reserve.</p>
The Huffington Post
March 16, 2008, 7am PDT
<p>In Miami, speculators inflated the housing market by buying and flipping condos. Now with the market deflating and a host of condo towers still under construction, Miami may be the worst major real estate market in the world.</p>
The Globe & Mail
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