A brief note just to point new readers of this blog of a fascinating debate that raging over whether there’s a housing bubble in the Washington DC market. There are now 61, count ‘em, 61 postings from Washingtonians who are sharing their own-the-ground insights about that market. You can join the debate by scrolling down to the right-hand side of this blog and clicking on “Washington DC Bubble?”
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.