We've been discussing accidental landlords for a couple of years. Here is another article about homeowners becoming landlords out of necessity, from the WSJ: The Reluctant Landlords With housing prices still in the dumps, many Americans are finding themselves in the uncomfortable position of ... Read more

It appears that single-family housing starts bottomed in January of this year. Single-family starts in July were 37 percent above the January low - based on the seasonally adjusted annual rate (SAAR). How does this compare to previous housing recoveries? Click on graph for larger image in ... Read more

The housing bubble is unwinding like many asset bubbles before it. Understanding and recognizing these stages will help you better time your home purchase; Timing Does Matter . Asking Price: $439,000 Address: 83 Vermillion Irvine, CA 92603 Change chang ... Read the full post ... Read more

Tight inventory and increased sales still has not stabilized low-end pricing. Today’s featured property is a 2003 rollback.  Asking Price: $275,000 Address: 2243 Martin #111 Irvine, CA 92612 Somethings wrong, shut the light Heavy thoughts tonight ... Read the full post ... Read more

Many people seem to think the housing market will recover when the economy does. The economy is not the cause of problems in the housing market, and economic recovery will not save the housing market. The rollbacks keep getting going further back in time. We are now seeing rollbacks of 2003 prices ... 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

From the Census Bureau: December 2008 Construction at $1,053.7 Billion Annual Rate Spending on private construction was at a seasonally adjusted annual rate of $737.1 billion, 1.7 percent (±1.1%) below the revised November estimate of $749.6 billion. Residential construction was at a seasonally ... Read more

The Pretender —Jackson Browne Im going to be a happy idiot And struggle for the legal tender Where the ads take aim and lay their claim To the heart and the soul of the spender I have written many times on this blog about the upcoming foreclosure problem ... Read the full post ... Read more

From the WSJ: U.S. State-to-State Migration Slowed, Census Reports The great migration south and west in the U.S. is slowing, thanks to a housing crisis that is making it hard for many to move. ... Most southern and western states are not growing nearly as fast as they were at the start of the ... Read more