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.

In light of the recent 17% drop to a 16-year low in Washington Mutual's stock price and subsequent 11% rally, BuisnessWeek's Hot Property questions whether or not a takeover may be in the works.

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.

As gas prices near $4.50 in San Diego, Seeking Alpha questions whether the housing-commute tradeoff will continue to pencil for exurban communities such as Temecula, Calif.

From Illinois to Michigan to Minnesota, The Housing Bubble tells the tale of soaring home prices on multi-year growth spurts that have since come crashing down.

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.