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Archives: November 2006

Antitrust Suit Against Realtors Moves Forward

Posted by: Peter Coy on November 30

There was big news this week in the government's antitrust case against the National Association of Realtors, but the press missed it. The news is that a federal court in...

Another Surprise on Rising Home Prices

Posted by: Peter Coy on November 30

Attention, everyone who thinks Zillow knows zippo about home valuations (read some recent blog comments here and here): It ain't just Zillow that's saying home values are up. Check out...

The Next AOL?

Posted by: Chris Palmeri on November 29

America Online founder Steve Case seemed to have put himself out to pasture not long after engineering his company’s disastrous merger with Time Warner. But the 48 year entrepreneur has...

Home Values Are Up. Repeat: Up

Posted by: Peter Coy on November 27

Would you believe that home values are up? According to, home values rose 4.8% in the third quarter in the 36 major metropolitan areas covered by its Zindex. That...

Gobble, Gobble, Gobble. The Good News for Construction Workers

Posted by: Peter Coy on November 22

The housing market is a turkey, but construction workers have plenty to be thankful for this holiday. Surprisingly, construction employment has fallen only a tiny bit by one measure and...

Building A New New Orleans

Posted by: Chris Palmeri on November 17

The Big Easy has never been known for speed. The city so devastated by Hurricane Katrina is only slowly recovering. But city leaders want to make sure what comes next...

This Just In From Boston ... Prices "Could Keep Increasing"

Posted by: Peter Coy on November 16

Mild optimism on housing out of Boston today. The Federal Reserve Bank of Boston issued a 34-page brief (only an economist would call 34 pages "brief") saying that "the national...

High Profits Even in Slumping Markets

Posted by: Chris Palmeri on November 15

In October, the average San Diego home sold for $485,000, a 5.5% decline from October of 2005. The actual number of homes sold was down 21% year-over-year. But that doesn't...

Housing Slump Drags Down Productivity

Posted by: Peter Coy on November 08

Economists were dismayed when the government announced recently that there was no increase in labor productivity in the nonfarm business sector in the third quarter. Now, one economist is fingering...

Reports of Mortgage Fraud Are Way Up

Posted by: Peter Coy on November 07

The Treasury Dept.'s Financial Crimes Enforcement Network recently announced that "suspected mortgage loan fraud in the United States continues to rise, and has risen 35 percent in the past year."...

An Appraiser's Take on the Zillow Controversy

Posted by: Peter Coy on November 01

Maybe you heard that a coalition of community activist groups is accusing of misvaluing homes in black and Latino neighborhoods. It's asking the Federal Trade Commission to investigate. Zillow...


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.

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