Housing Doom Housing Bubble Blog

According to an article in today’s Arizona Republic, Arizona is the fastest growing state in the nation:

Arizona had a population growth rate of 3.6 percent in 2006, census estimates show. It added 213,311 people, including about 32,000 immigrants and 130,000 people moving from other states. That brings the population to more than 6.1 million and makes Arizona the 16th-largest state.

Compare that with the growth rate of the Phoenix metro housing inventory. [not apples-to-apples, but close enough for a preliminary comparison] At the end of 2005, according to data from the AZMLS, there were 25,337 resale properties listed.  In November there were 45,261 properties, for an increase of 78.6%  In addition, R.L Brown is reporting that there may be as many as 25,000 additional spec homes available Valleywide. It’s an impressive feat for the Arizona housing market to add that much inventory in spite of the nation’s highest growth rate.
Read the rest of this entry »

It’s the last business day before Christmas, and things are winding down here at HousingDoom’s world headquarters and virtual office.  Igor’s curled up by the tree at the moment, but you can always count on him to apprehend spambots. (as well as the occasional innocent poster) After the office party though, [John, I’ll bring the eggnog if you bring the cookies!] John and I are likely to be in and out getting ready for the holidays. We promise to check back often to read your links, comments, ideas, suggestions and insights into the housing market- as well as rescue posters from Igor’s clutches.

Read the rest of this entry »

Hat tip to John, who found a link to some anti-bubble tees for sale by Renaissance Creative.  The company says:

Read the rest of this entry »