http://housingbubblebust.com/blog Analysing The Housing Bubble and The Fiat Money that created it. Fri, 03 Oct 2008 15:08:58 +0000 http://backend.userland.com/rss092 en The LA Times has this report : "SACRAMENTO -- California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks. The ... http://housingbubblebust.com/blog/?p=131 Las Vegas Median is down 105K or 33.33% from peak. Mar 06 / Jun 06  -  315K Aug 08 - 210K http://housingbubblebust.com/blog/?p=130 The LA Times is reporting : "At the five top West Coast ports -- Los Angeles, Long Beach, Oakland, Seattle and Tacoma, Wash. -- imports were down by as much as 13% through the first seven months of the year. At Long Beach, where imports fell 12.7%, some of the biggest declines ... http://housingbubblebust.com/blog/?p=129 Monterey Median 60% off peak Aug 07 - 800K  :  Jul 08 - 324K Fort Myers Median 52% off peak Dec 05/ Oct 05 - 322K  :  Jul 08 - 155K http://housingbubblebust.com/blog/?p=128 The Reno Gazette-Journal is reporting  : "The statewide 3.9 percent fall showed mixed results in key sectors, including construction-related spending, which jumped 18 percent. But other sectors slumped, notably restaurants/bars, down 15.9 percent, and motor vehicles/parts, down 12.6 percent -- both reflecting rising energy and food costs that have sapped consumers' ... http://housingbubblebust.com/blog/?p=127 The CAR have the April numbers out Apr 08 Median - 403K Apr 07 Median - 597K That is a 32% drop from the Apr 07 peak. It is looking like in the last couple of quarters California has left NV, AZ and FL far behind in this rush to the bottom. The Case Shiller ... http://housingbubblebust.com/blog/?p=126 The Sacramento Area Realtors have the April numbers out Apr 08 Median - 236.8K Aug 05 Median - 392.7K That is a 40% drop from the Aug 05 peak. http://housingbubblebust.com/blog/?p=124 The San Francisco Chronicle is reporting : "This farming community on the eastern edge of the Bay Area absorbed an outsize portion of the region's growth during the prolonged housing and development boom, adding 40,000 residents in the past 16 years as subdivisions and strip malls overtook agricultural land. It regularly ... http://housingbubblebust.com/blog/?p=123 The San Francisco Chronicle is Reporting : "From Morgan Hill to Moraga, from Santa Rosa to Santa Cruz, Bay Area residents are tightening their belts. You might say it's a move from shop till you drop to dropping the shopping. Dire reports of an economy on a downward spiral are prompting ... http://housingbubblebust.com/blog/?p=121 The San Francisco Chronicle is reporting : "As the mortgage crisis claims more homes - more than 11,000 Bay Area residences were repossessed by lenders last year - an increasing number of tenants are facing rapid evictions by banks eager to partially recoup their losses by selling the properties. In November, ... http://housingbubblebust.com/blog/?p=120