Bay Area – Housing +50%, Jobs -17%, Permits -26%
It’s friday – time for some numbers:
How Strong Is the Housing Market Where You Live? : Interactive Table
Housing prices have repeatedly defied forecasts of a bust, but the market is finally showing signs of cooling. How can you tell if the area where you live is vulnerable to a downturn?
Compared to other places, this isn’t at all bubblicious actually. It’s only 16th in “Homes Bought As Investments”.
However, we are number 1 in “Purchase Loans Permitting Negative Amortization”. WOOT! #1!
April 7th, 2006 at 7:09 am
http://www.HomePriceMaps.com/sanfrancisco.htm integrates how much homes SOLD for in San Francisco as well as nationwide using the google mapping technology. If you don’t see data for your area simply email HomePriceMaps@gmail.com with your zipcode and or address and they’ll update the site and email you within a few days.
April 7th, 2006 at 2:52 pm
I’ve graphed some of this data so you can see it in a visual context and not just as a table of numbers:
http://tinyurl.com/hevug
April 9th, 2006 at 1:44 pm
Real Estate Bubble Blogs – Moneysmartz Category Updates…
Be worried, be very worried. In addition to global warming, the dollar, and Iraq, add the housing bubble to your list of worries. This is old news for many, but the chorus of concern seems to be reaching a climax…….
April 10th, 2006 at 9:43 pm
Bay Area Housing…
Maybe the way housing prices in the San Francisco Bay Area stay high is due to the high rate of negative amortization loans…….