Is There A Bubble in California

The Bubblemeter has a good post on a presentation to California Realtors. Here is one of the more humorous slides. The presentations premise is that real estate prices in California will improve 10%.

Go read the rest, and take a look around David’s site. He has done a very good job with it.

Alabama Residential Real Estate Market Humming

Despite a slow down the last couple of months, the real estate market in Alabama has been on fire this year. The Birmingham Business Journal reports that Alabama homes sales rose 6.08 percent compared with August 2004. August 2005 sales totaled 40,307 units.

Year-to-date average sale price — that is, the average price from January [...]

A Sign of Sanity: San Jose Housing Market Slowing Down

Silicon Valley housing has always been the craziest market in the country. Prices for a 3 bedroom house routinely exceed 600,000 dollars. That is why the slow down there, while not a bursting of a bubble, but more of a seasonal slowdown. The difference is that fewer people are bidding on the houses that have [...]

Mortgage Applications Drop, Interest Rates Rise

The mortgage industry slowed down 1.1 percent last month, but there is no mention what the impact of the hurricanes had on the ability to close loans, so these numbers may be skewed.

Overall mortgage applications dropped 1.1 percent last week on a seasonally adjusted basis from the week before, according to the Mortgage Bankers Association’s [...]

The Rebirth of New Orleans

The Rebirth of New Orleans will most likely come through the realtors. There is a huge expectation that the renewal efforts, combined with the largest rebuilding project ever attempted in the countries history, will create huge opportunities in New Orleans and the Gulf Coast.
The Chicago Tribune has a good article on the rebirth:

All dressed up [...]