It’s been a long time since I’ve talked about real estate. But the number of places in my neighborhood for sale keeps piling up– $500k condos, $900k single-families, that kind of thing. So thought I’d look around to see if there’s any news about that impending real-estate disaster I keep thinking is just around the corner. Remember, I’ve been thinking it’ll happen any day now for at least three years. As my 7th grade history teacher used to say, even a blind pig finds an acorn once in awhile.
Highlights from the last couple weeks of real-estate Jeremiads:
- MSN asks “When will the tsunami of foreclosures hit?”
- Boston Herald: Fewest homes moving since 1995
- National Association of Realtors president can’t sell his own house.
- The Paper Money blog has several good posts, including one about the National Association of Realtors lead economist’s PowerPoint called Reality Check and one on grim numbers from various federal economists.
- The WikiPedia page on the US Housing Bubble is huuuuuge.
I’m feeling kind of optimistic: I might be able to buy a home sometime in the next two years.