Housing Doom Housing Bubble Blog

A nation that forgets its past is doomed to repeat it. - Churchill

June 23rd, 2006

Housingdoom.com Featured in Arizona Republic

But Here’s the Real Story

Housingdoom.com was featured in today’s Arizona Republic.  (see article)  The article was essentially correct, although I would say it portrays Housingdoom more alarmist than I try to maintain it.  While I do not foresee the collapse of real estate as we know it in a tremendous national tragedy- I think the potential for thousands of individual tragedies is horrific.

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June 23rd, 2006

Subprime Lending and ARMs Could Be Creating the Perfect Foreclosure Storm

According to the Mortgage Bankers Association, foreclosures in the first quarter of 2006 fell slightly from 2005- except for subprime loans.  That looks like it might be a piece of bright news among a lot of bad- but it hints of potential difficulties to come.   The risk of mounting foreclosures for subprime borrows remains high.

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