Housing Doom Housing Bubble Blog

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[this message from Ben Jones at TheHousingBubbleBlog.com, not Doom, we’re OK] This blog is experiencing technical problems today. As always, donations to help with ongoing costs are greatly appreciated.

Developers with knowledge of Mysyqyl and Wordpress; please send an email to thehousingbubbleblog@gmail.com.

In Tuesday’s New York Times article by Vikas Bajaj it states:

Since the middle of 2006, the frenzied condominium market here [Washington D.C.] and in several other big cities like Las Vegas, Miami and Boston has collapsed. Once roaring sales have slowed to a trickle, sparse inventory has mushroomed into a glut and soaring prices have flattened out and started falling.

I wouldn’t say the condominium market has collapsed yet, but it appears to be teetering badly.  Here’s the graph:

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