Sonoma Housing Bubble

Pulling the cork out of Sonoma's bubbly housing foolishness

Wednesday, March 22, 2006

Bubble Tracker's Got the Goods



Lets all do the new dance... "The Mortgage Slide" over at BubbleTracker's place.

If you think that a world without charts and graphs would be too terrible to contemplate, you can get your fix with these guys.

The latest graph shows that the MBA Purchase Index has been sliding steeply for the last 2 quarters.

OMG! What does this data mean? Could it be a harbinger of things to come?

Is it enough that inventory of unsold houses have soared?
Is it enough that clear and present mortgage/appraisal fraud and abuse exists?
Is it enough that prices have risen well above wage increases and affordability?
Is it enough that we have numbers telling us of the massive number of people in debt, and the massive number of people who cannot afford to buy a house?
Is it now enough that we have evidence that indeed many people are now not getting mortgages?

Can we interpret real data as a marker of broader trends?

4 Comments:

At 3/23/2006 06:15:00 AM , Blogger Bubble-X said...

Let's see:

We've got almost every fundamental metric going down. We've got prices in most areas moderating.

It's really getting down to basic economics.

Looks like time to sit back, relax, and enjoy the ride.

 
At 3/23/2006 08:47:00 AM , Blogger Athena said...

Yes every fundamental metric is apparent. Actually, glaring... to anyone who is looking. I can't understand the pussy footing around that makes it out of the mouth of the mainstream media. Oh wait... yes I can, that tired old argument about advertisers and blah blah blah.

I agree... pull up a chair...

 
At 3/23/2006 11:12:00 AM , Blogger sf jack said...

athena -

You're doing a great job here - informative and entertaining.

Thanks.

 
At 3/23/2006 12:16:00 PM , Blogger Athena said...

well thank you sf-jack. I am always glad to serve up a dose of reality with a hefty side of sarcasm. I don't even charge extra for that! :-)

 

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