Sonoma Housing Bubble

Pulling the cork out of Sonoma's bubbly housing foolishness

Tuesday, May 30, 2006

You are Cordially Invited...


The New York Times Blog, The Walk-Through & Calculated Risk invite you to pay attention to information coming from the Office of Federal Housing Enterprise Oversight this Thursday.

"On Thursday, the Office of Federal Housing Enterprise Oversight releases its figures on house appreciation. Think of it as the official scorecard for the real estate game.

Why would you pay attention? As the blog Calculated Risk points out, it could be the first time that we see something very rare — real estate prices falling."

"The US hasn’t seen negative annual home price appreciation since the
Depression, however nationwide annual appreciation was close to zero in the
early ’90s....
"

1 Comments:

At 5/30/2006 05:40:00 PM , Anonymous tom stone said...

huge flocks of chickens darken the sky as the come home to roost,or are they turkeys? wow.the spin is going to be special on this one! "best time to buy a house since 1929!"athena,how about a little contest on how to spin this one? how deep do you have to pile the happy horseshit to hide the smell of a dead mule?i expect truly augean efforts on the part of the nar,but YOUR contributors can do better!paging mr cote'

 

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