This Week on HousingPanic: Housing Bubble Bursts. Investors Flee. Freddie Mac Sees Declines. National City, Toll, Pulte, Lennar & Centex Facing Leaner Times
This Week on HousingPanic: Housing Bubble Bursts. Investors Flee. Freddie Mac Sees Declines. National City, Toll, Pulte, Lennar & Centex Facing Leaner Times
Tempe, AZ (PRWEB) December 9, 2005
The meltdown in the US housing market continues, while leading bubble blog HousingPanic.Blogspot.com reports in real-time the impact on homeowners, flippers, buyers, builders, realtors, investors and more.
“This week was shocking for the honesty and frankness we’re now seeing in the media, in the numbers and even from industry leaders like Freddie Mac chief Richard Syron,” said Keith Brand, HousingPanic publisher. “This is playing out like a classic pump-and-dump or Ponzi scheme. Obvious bubble markets like Phoenix, Miami, San Diego, Boston, Orlando and Las Vegas are seeing their real estate investors flee in droves, resulting in explosive listing numbers and the locals holding the bag.”
Weekly headlines from http://HousingPanic.Blogspot.com included:
Investors fleeing real estate in Phoenix. Las Vegas, Miami, San Diego and DC
UCLA Sees U.S. housing market declining in 2006
Real estate speculators, pulling back, help fed remove `froth’
Freddie Mac head sees “pockets of real estate ‘froth’ - evident on both coasts and in cities such as Phoenix and Las Vegas”
U.S. pending home sales index slips in October
Now that the investors are fleeing, what will Phoenix do?
OECD study - Housing prices have become unhinged from business cycle, and downturns follow upturns historically
National City Mortgage prepares for lean times (i.e layoffs)
Uncle Sam is facing troubles he can’t ignore - including “king-sized property bubble which is now deflating”
Breadth of world housing boom stuns analysts
Risks of a Serious Home Price Decline - San Diego Home Prices Dropping
Major central banks move to mop up excess cash - and usher in the end of the housing bubble
The http://HousingPanic.Blogspot.com blog is to simply inform, so that its readers may make their most intelligent housing choices. With over 50,000 page views since launch, HousingPanic has become a key central point for a panicked public to read, understand, comment and react.
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