During a bubble lots of things appear to make sense which in hindsight, are ludicrous. Like, median housing prices that are so high they are double US housing prices.
US housing market
Everybody need good neighbours: 32 storeys, one occupant
With a little understanding, you can find the perfect blend of neighbours, right? Except for a 32 storey building in Florida, which thanks to the GFC, is now empty apart from one lonely family.
Green shoots or another mirage?
The US housing market appears like it might be stablising, with house prices up for the first time in three years. A weary Wall Street was glad for the news, but expects a gradual recovery.
The opportunist’s guide to real estate
With home values are dropping all over the US, ruthless buyers are picking up bargains.
US houses stripped before foreclosure
American home owners are reacting to foreclosure by stripping everything of value from the house in advance. This diminishes the value of the foreclosure, costing taxpayers money.
AIG and Freddie Mac farewell another $15 billion
Just when it seemed a bit confidence was returning to the market, two American corporate giants shared their bad news with onlookers, writes Glenn Dyer.
US housing woes belie market optimism
The US housing market has just gone through its biggest yearly fall on record and there’s forecasts of more of gloom to come in 2008, so why are the stockmarket bulls still murmuring buy, buy, buy? asks Glenn Dyer.
