In Many Cities, Rent Is Rising Out of Reach of Middle Class. Here's What $800 in Rent Gets You in 11 Major Cities [more inside]
Garth Turner, the former politician and now cranky (but funny and more or less accurate) blogger opines on real estate and the economy for 2013.
14 Year Old Buys House in Florida Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord. [more inside]
"The World", an ambitious real estate project conceived at the height of the real estate boom, is sinking back into the sea.
For a time the Internet's own poster-child for irrational exuberance and underwater mortgages, Casey Serin (previously discussed on Metafilter), the blogger behind iaminforeclosure.com and millionairebychristmas.com, is interviewed by WalletPop about his future plans... which include living in a van and panning for gold. The real-estate market in the US continues to present post-apocalyptic stories.
The Compleat ÜberNerd: a fascinating series of blog entries detailing the nitty-gritty behind the mortgage industry by Calculated Risk's "Tanta." If you're curious about automated underwriting systems or the ins and outs of mortgage servicing or if you just enjoy some Mortgage Pig Excel art, Tanta was the blogger for you. Tanta, otherwise known as Doris Dungey, passed away on Sunday morning (NYT obit, CR obit).
BubbleFilter: Real Estate Roller Coaster. [via] US Home prices adjusted for inflation plotted as a first-person ride on a roller coaster. Keep your eye on the bottom right-hand corner for the corresponding year. Don't worry about the dramatic ending. I mean really, how bad could bad get?
If you continue to wait, you may never be able to afford to get into the housing market. The National Association of Home Builders wants you to buy a home now. Should you wait? No, no, no, no! Via Housing Panic.