Take a few minutes to watch a pretty baby-blue house that’s for sale ask a wise old bespectacled brown house for advice. It’s in this instructional cartoon by John Burns Real Estate Consulting, and it’s aimed at homebuilders, who could probably use a bit of grade-school comforting these days. John Burns’ bottom line is reassuring: “Remember, every down cycle is the beginning of the next up cycle.”
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.