The blogger Mish is on to the Commercial Real Estate (CRE) downturn. His latest blog entry,WSJ Report: Less Shopping = Fewer Malls, shows that both the WSJ and the FT are reporting a fall in CRE prices.
The Financial Times is reporting a Plunge in U.S. commercial property.
Commercial property prices in the U.S. in February [...]

The Commercial Real Estate (CRE) bust is coming to an office building near you. The latest story? The GM building in NY was flogged off with some other properties at the peak of the bubble for a cool $3.6 to $3.9 billion. Now, the properties have sold for $200 million below the [...]

Update: A more thorough analysis of the Spanish economy is at my post Outlook for Spain: Recession.
The leading Spanish Newspaper ABC is reporting that furniture sales are down 20% nationally for the first three months of 2008 due to the housing bust in Spain. As in the US, affected property markets will see the [...]

The Telegraph reported Friday that sales in the Spanish property market have plunged and many British vaction home investors will find themselves under water.
“In the clearest sign yet that the boom is over, the developers said the combined value of their sales had plummeted from 1.3?billion euros (£1?billion) to less than 300?million euros (£240?million).
There are [...]

First the banks won’t refinance, then they won’t restructure mortgages, now they’re pulling out all stops in this mortgage mess. They are pulling existing home equity lines of credit. That’s right, in a feeble attempt to save their sorry asses and limit credit losses, you are going to get the shaft. It’s [...]

A Bloomberg article today highlight’s the Commercial real estate sector (CRE) as the next leg down in the U.S. property bubble. The article states:
With 312,000 private-sector jobs lost in the last four months, foreclosure rates more than double what they were a year before, and the homeowner vacancy rate at a record high, it’s [...]

That’s the title of a UK Telegraph article on a report showing that UK repossession orders have increased to levels not seen since the housing bust of the early 1990s. According to this morning’s BBC 5 Live program, “Wake Up To Money,” the government claim that only a third of these repossession orders actually [...]

While we all expected house prices to slow and even fall in bubble markets like Ireland, the UK and Spain, it comes as news to me that prices are slowing in Germany as well. I was just in Germany this past month, and while there were economic concerns, the atmosphere felt entirely different than it does in a place like the US.

This blog entry will serve as a timeline to track housing prices over time as they are reported.
US: S&P/Case-Shiller Index
2007 03 27 S&P/Case-Shiller Home Price Index Declined 0.2%
2007 04 24 S&P/Case-Shiller Home Price Index Fell 1% in Year
2007 05 29 U.S. Home Prices Drop for the First Time in 16 Years
2007 06 26 U.S. Metropolitan [...]

While I am not particularly optimistic about house prices in the U.S. nationally over the medium term, a recent Washington Post article suggests that prices in the Maryland suburbs of DC are not suffering like other jurisdictions around the country.
Bucking the Trend, Md. House Prices Edge Up
“Unlike their neighbors across the Potomac, home sellers in [...]