The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 342 thousand. This is essentially the same as the revised rate of 344 thousand in April. Click on graph for larger image in new window. The first graph shows monthly new home sales (NS ... R ... Read more

Kool aid intoxication is very strong because homeowners were so richly rewarded during the bubble. Will the crash cause mass detoxification? Today’s featured property is a WTF award winner in Quail Hill—$444/SF is so 2006. Asking Price: $1,375,000 ... Read the full post ... Read more

Never ever ever never take a loss on a Deep Call position. Ever. Even when Deeps become Out of the Money. A house though? Different story. Add another to our list of celebrity slow sellers. Move Trends reports that Lenny Dykstra's home has had a steep discount since it first hit the mark ... ... Read more

| Peter Klein | So, let me get this straight. We’re in a major recession triggered by a collapse in the housing market, itself the inevitable result of government policies, led by Fannie Mae and Freddie Mac, to get the wrong loans to the wrong people so they could buy the wrong houses. The Obama A ... Read more

3,055 San Diego homes entered the foreclosure process in January. This is down from last spring's record-setting levels, but not by much in the grand scheme of things. The continued onslaught of mortgage default notices makes it clear that the three-month plunge seen in late-2008 was the ... ... Read more

During the bubble rally, it was common for people to buy multiple properties. When these people’s financial empires crumble, a number of properties can be dumped on the market at the same time. Today’s profile is about one such failed enterprise. There are multiple properties today. This owner ... Read more