New media gaining relevance?
David Lereah, the NAR chief economist, suggests that prices will continue to rise as a result of the shortages caused by Hurricane Katrina. While I have not seen price erosion in the SW Florida market, the rapid appreciation we experienced last year and through the spring has slowed.
Real estate bubble blogging is growing on a near daily basis. The very best of the bubble blogs is The Housing Bubble authored by Ben Jones. The fact that the NY Times is now referencing these blogs as a source of information is a an important milestone for the blogging community.
Another sign that the traditional media is adopting the new media practices is the availability of RSS feeds from newspapers. An RSS feed allows a reader to aggregate many news sources in common location utilizing a reader like Newsgator, Feedly, Yahoo or even in your Firefox browser. Here locally in SW Florida, the Herald-Tribune is the first paper in the area to offer an RSS feed. And of course, Gulf Returns has a feed that is available here.
Realtors Bubble. Skeptics Blog. [NY Times]