What started as a trickle has turned into a torrent. The housing bubble information bubble is rising at an unprecedented rate. A Google news search for bubble info that turned up only a few articles a month ago, now yields hundreds.
Conventional wisdom has held for years that there is no “national housing market.” After all, homes do not have the portability of stocks or bonds. Not only are they not portable, but price declines have historically been local, and not a national phenomenon.
But national factors are causing similar problems across the U.S., and may herald the start of a nationwide decline. Stories from widely diverse areas have a remarkably common theme.
