The Crack of Doom – Thursday Oct 12, 2006

Twist and I are separated by three or four time zones, but we can’t be awake and  looking for stories all the time.  Have you seen an important housing article in the Mainstream Media (MSM), a compelling post at another bubble blog (even your own), or a big bubble story we are missing?

Please consider dropping your find into the "Leave a Reply" box below.  We especially welcome links to stories or blog posts that might go in Doom’s Relevant Articles sidebar.

Doom’s main areas for posts are the Phoenix Arizona local housing market along with other SW US cities like Las Vegas and San Diego, and the financial institutions that support housing, especially Fannie Mae and friends.  The articles sidebar has a wider focus, though, and we’d love to hear about significant items from all over the bubblesphere.

Communication is critical among the bubbleheads.  Maybe this daily Crack of Doom  before  the crack of dawn can help.

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6 Comments for this entry

  1. wayne paulson says:
    October 12, 2006 at 9:52 AM

    The problem with any message board is you attract overzealous idiots. Which is what is making our country worse because we are inundated with more an more of these clowns who can not think for themselves or allow someone to have a dissenting opinion. I leave this board as i do not have time to waste with ignorant types. Best of luck to Twist and John M.

    [Edited: Please refrain from personal attacks, and try to keep conversations on topic -Twist]

  2. twist says:
    October 12, 2006 at 12:34 PM

    Warning to posters-

    I lead a somewhat schizophrenic existence. I spend a good portion of my day in business and academic circles. A certain degree of roughness seems to be inherent with the territory, so I live with it.

    I remain however, the mother of five with a strict “no name calling in this house” policy- and access to the website “edit” button. I reserve the right to arbitrarily edit comments that I feel cross the line.

  3. AZnewbie says:
    October 12, 2006 at 1:33 PM

    Twist and John M:

    Have you seen this before? I’m a novice at tracking the housing bubble, so you’ve probably seen this:

    http://www.housingtracker.net/askingprices/metro/Arizona/Phoenix-Mesa-Scottsdale/

    Very interesting…

  4. twist says:
    October 12, 2006 at 6:22 PM

    AZNewbie-

    I got excited about that site when I first found it, but I’ve lost my enthusiasm, since I’m not sure where their numbers are coming from. That median of $319K is too high- it’s at $256,900. The inventory number looks low- it depends on if you include pending etc.- so you see different numbers around.

    I consistently use the info from the AZMLS site:

    http://www.armls.com/stats_armls.html

    I find it to be more accurate.

  5. Idaho_Spud says:
    October 13, 2006 at 9:46 AM

    This is a newsworthy item.

    Courtesy of the New Jersey Real Estate Report (blog)
    http://www.ftc.gov/opa/2006/10/realestatesweep.htm

  6. John M. says:
    October 13, 2006 at 9:58 AM

    Idaho Spud -

    Thanks for that. I’d seen some secondary sources, but not the FTC release itself. I’ve put a link to it on our sidebar.

Comments are now closed.