Is Arizona in a Housing-Led Recession? Likely so, according to Michael Vest, director of the University of Arizona Economic and Business Research Center. Arizona is likely in a recession, a top University of Arizona economist said Friday. Marshall J. Vest, director of the UA Economic and Business Research Center, said at an economic forecasting luncheon that three major shocks to the economy – the housing free fall, credit market turmoil and oil approaching $100 a barrel – mean it will remain weak at least through 2008. … Arizona, Michigan, California, Florida and Nevada either are in recession or are on…
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HousingDoom is in the process of being moved to a newer, bigger dedicated server. This will help keep load times down, as well as ensure we can handle continued levels of growth. In addition, the server software has been upgraded to the latest version of WordPress. There may be a few issues over the next few days while the transition is in progress. Please be patient while we resolve any that may arise. For readers who may have a hard time with the anti-spam word, we now support an audio version. This can be reached by clicking (or selecting) the…
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In an interview for thestreet.com, Jim Cramer stated: When the rest of the mortgage broker industry goes under (except for, I believe, Countrywide, maybe Thornburg Mortgage), again, don’t panic. These are not big industries, and a lot of the damage has already been done Video:

If you are like many Doom readers, you may find yourself checking the site 3, 4, 15 times a day, coming back to get your housing bubble fix.  You may be wondering if there is a patch, a cure, something to alieve this condition.  Sadly, there is not.  Fortunately, there is something that can make your life a little easier. RSS (Really Simple Syndication) is a location on this site which provides excerpts from our newest articles, complete with actual links to the article.  While this will not cure cancer, reverse male pattern baldness, or let the cat in at night, it…
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It’s not often the HousingDoom sysadmin gets to do content; however, this article was too good for me to pass up. I came across an article on RealtyTimes on how “Sellers [are] Sitting on Large Sums of Equity Dollars” by M. Anthony Carr.  Personally, I would think having equity in one’s home was a good thing, but I guess that’s why I’m not a Realtor®.  Judging from some glaring inaccuracies in the article, I can only guess that he didn’t have time to proofread his article (too busy helping people fix their equity problems, perhaps).  As such, I’ve volunteered to…
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Hello BubbleHeads, We are testing out a new HTML editor (FCKeditor, for those who are interested) with this site.  This site is powered using WordPress; however, there are a number of things the built in editor lacks.  This upgrade will allow for a variety of new presentation options.

This is a new theme that I wanted to try out. (The last one I tried was overwhelmingly disliked.)  I tried to take comments to heart, and find one that was easier to navigate.  Your feedback, as always, is welcomed and appreciated. Debi AKA Twist