Housing Doom Housing Bubble Blog

Big hat tip to Doomster NVmike, and assist to Phoenix area realtor Greg Swann, for noticing this blog post by BusinessWeek’s Senior Economics Editor.[1]

[BW post withdrawn … replaced as follows, JM]: "Dear Readers, I posted an item yesterday questioning the precision of MLS data in Phoenix, Tucson, and Las Vegas, but several people are questioning my questions, so I pulled the item off the blog until I can sort out the truth. I hope to have something to say on this subject next week."

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As you remember from the December episode of "How the Housing Market Turns," (HHMT) we had already heard of difficulties at Sebring and Ownit mortgage lenders. Then as we begin the next episode on the first day of business in the New Year, we hear that Mortgage Lender Network (MLN) has ceased funding loans, and that Ownit has filed for bankruptcy.  We’ve got a lot happening in the January episode of HHMT- and we haven’t even had time for a commercial yet.

While John is working diligently to keep on top of it all today, I’m lying on a beach in Mexico, working hard at doing nothing.  I’ll be back Saturday night.  In the meantime, If you could help John out with links, stories, anecdotes, and brilliant ideas, we would both appreciate it.
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