Dr. Housing Bubble reports that just four states--California, Florida, Arizona, and Nevada--account for nearly 50% of foreclosures nationwide, according to recently released numbers from RealtyTrac. In fact, California alone is home to over 26% of national foreclosure activity. For that story and more, check out Big Builder's bi-weekly roundup of the latest in opinion and commentary across the Web.
While government data shows that modern home sizes are huge by historical standards, a recent survey by the American Institute of Architects reveals a trend toward shrinking square footages, according to Inman News.
Reggie Middleton's Boom Bust turns its attention back to Lehman Brothers, which has removed its CFO and COO, and Keybank, which plans to cut its quarterly dividend in half--after 43 straight years of dividend increases.
The Wall Street Journal reports that 65.5% of homes sold by Realtors in Sacramento, Calif., for the month of May were bank-owned, foreclosed properties, while the median sales price declined 34.2% year-over-year.