Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Saturday, July 05, 2008
UK Housing Bust to Hit British Pound / Housing-Market / UK Housing
By: Money_and_Markets
Jack Crooks writes: I've pointed out many times here in my Money and Markets column that interest rates and economic growth are always the two primary fundamental drivers of currency prices. Therefore, it's no stretch to conclude that housing has been the Achilles' heel for the U.S. dollar.
But what if there's another major currency country that has a much worse outlook for its housing market? Would we then expect bad housing news to play a similar role in pushing its respective currency lower? I think the short answer is: Yes!
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Wednesday, July 02, 2008
UK House Price Crash is Here as Forecast! / Housing-Market / UK Housing
By: Nadeem_Walayat
The Nationwide following on from a series of house price data releases by several mortgage banks and institutions in recent weeks confirmed that UK House price declines are set to accelerate over the summer months as the market heads for a crash that I first warned of occurring in the quarter April to June 2008 in November 2007. -
"house prices could register a drop of as much as 5% in the quarter April 08 to June 08"Read full article... Read full article...
Tuesday, July 01, 2008
UK Housing Market Transactions Slump to Historic Low / Housing-Market / UK Housing
By: Nationwide
• House prices fell by 0.9% in June, less than half the rate of the previous month• Prices are 6.3% lower than this time last year, but remain 4% higher than 2 years ago
• House purchase transactions remain subdued across the UK
• Northern Irish and Scottish activity levels stand out at each extreme
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Sunday, June 29, 2008
US House Prices Forecast 2008-2010 / Housing-Market / US Housing
By: Nadeem_Walayat
US House prices continued to plunge for April 08 data, reaching an extreme low reading of down 16.3% on a year earlier as measured by the S&P/ Case-Shiller Composite-10 and down more than 19% from the mid 2006 peak. The rate of decline is the worst since the Great Depression and signals further distress in the real estate linked credit markets and therefore a continuing drag on the US economy in the face of the continuing deleveraging of the mortgage backed derivatives markets. Read full article... Read full article...
Saturday, June 28, 2008
Californian Housing Market in Meltdown, Liar Loan Writedowns Have Barely Begun / Housing-Market / US Housing
By: Mike_Shedlock
My
friend "TC" monitors C.A.R. data, DQNews data, and Case-Shiller Data. Case-Shiller data was out a few days ago and you can read about it in Case Shiller Futures Suggest 2010 Housing Bottom . What follows is an analysis of data from the California Association of Realtors from "TC" who tracks the data month by month and is looking at things from perspective of percent declines from the peak.
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Friday, June 27, 2008
UK Housing Bear Market Threatening Economic Deflation / Housing-Market / UK Housing
By: Nadeem_Walayat
May saw another sharp plunge in UK house prices towards what is likely to be termed as a mini-crash in UK housing market for the quarter April to June 08. Many homeowners who bought early into the current boom may be consoling themselves with having built up an healthy level of equity that is able to weather the downturn in UK housing market, after all someone buying 10 years ago would have racked up gains of over 180% to the 2007 peak and even after the initial forecast for a 2 year bear market if 15% would still stand to be some 140% richer. Read full article... Read full article...
Thursday, June 26, 2008
US New Homes Taking Longer Sell / Housing-Market / US Housing
By: Paul_L_Kasriel
I hope the Census Bureau can count the number of people in the U.S. better than it can count the number of new homes sold. The first estimate of a given month's sales is notoriously off. So, we should take the first estimate of May sales and inventories of new homes with a grain of salt. Be that as it may, May new home sales retreated 2.5% to an annualized pace of 512 thousand units. The low sales rate for this cycle to date is 501 thousand established in March. The sales region that really put a dent in the total was the wild West, where sales declined 11.63% to a cycle low annual rate.Read full article... Read full article...
Wednesday, June 25, 2008
Case-Shiller House Price Index Declines - Light at the End of the Tunnel? / Housing-Market / US Housing
By: Paul_L_Kasriel
The Case-Shiller Composite 20 house price index dropped at an annual rate of 18.5% seasonally adjusted (by me) in April compared with March. This was a relatively sharp slowdown in the rate of descent as the March month-to-month annualized decline was 24.2%. On a year-over-year basis, this house price index descended at its fastest rate to date, 15.3% vs. 14.3% in March (see Chart). If, in fact, the slowdown in the rate of price decreases on a month-to-month basis is signal, not noise, then perhaps we are nearing an inflection point in house prices.Read full article... Read full article...
Wednesday, June 25, 2008
Case Shiller Futures Suggest 2010 US Housing Market Bottom / Housing-Market / US Housing
By: Mike_Shedlock
The April S&P/Case-Shiller Home Price Indices are now out. The index shows show annual declines in the prices of existing single family homes across the United States continued to worsen in April 2008, with all 20 MSAs now posting annual declines, 13 of which are posting record low annual declines, and 10 of which are in double-digits.
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Tuesday, June 24, 2008
Game Over- No Housing Market Rebound Whilst Debt Deflation Continues / Housing-Market / Deflation
By: Mike_Whitney
Interview with Michael Hudson
Mike Whitney : Fed chairman Bernanke has been on a spree lately, delivering three speeches in the last two weeks. Every chance he gets, he talks tough about the strong dollar and "holding the line" against inflation. Treasury Secretary Henry Paulson even said that "intervention" in the currency markets was still an option. Is all of this jawboning just saber rattling to keep the dollar from plummeting, or is there a chance that Bernanke actually will raise rates at the Fed's August meeting?
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Tuesday, June 24, 2008
UK Housing Mortgage Meltdown for Purchases and Equity Withdrawals / Housing-Market / UK Housing
By: Nadeem_Walayat
Mortgages for home purchases and equity withdrawals continues to slump for May data released by the British Bankers Association, falling to just 27,968 approved loans down from 34,752 for April 08 and down by 56% from a year earlier. These are the worst lending figures since the BBA started recording mortgage data in 1997 and confirms that the UK housing market is trending towards a 1990's style housing market depression. Read full article... Read full article...
Monday, June 23, 2008
UK House Prices GDP Adjusted Real Trend Forecast / Housing-Market / UK Housing
By: Nadeem_Walayat
The UK housing bear market continues to gather momentum as the mainstream increasingly awakens to the prospects of falling house prices following house prices going negative on a year on year basis for Aprils house price data.
This analysis forms part of a series of articles that seeks to extend the current Market Oracle forecast forward for several years well beyond the current forecast for a 15% fall in nominal house prices between the August 2007 and August 2009 (as of August 2007).
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Sunday, June 22, 2008
Housing Market Depression Without an Economic Depression / Housing-Market / US Housing
By: Michael_Pollaro
They” said it couldn't happen, but it has. Home prices are falling at rates not seen since the Great Depression. From peak to March 2008:
• New Home Median Prices -13%
• Existing Home Median Prices -13%
• Case Shiller US National Index -16%
Friday, June 20, 2008
UK Property Auction Sale Values Slump by 44% From a Year Ago / Housing-Market / UK Housing
By: David_Sandeman
Welcome to the June newsletter that reviews auction activity for May 2008. Continuing market conditions have seen the overall sales rate slip 3 points from last month to 56%. It should not be forgotten however that the auction process did sell over 2,100 lots in May, no mean achievement in this market. Read full article... Read full article...
Wednesday, June 18, 2008
How Inflation Will Destroy Home Owners Equity / Housing-Market / UK Housing
By: Nadeem_Walayat
The UK housing boom has seen house prices rise from a low of £60.096 in 1993 (Halifax UK:NSA) to a high of £201.081 by August 2007. A whopping gain of 334%. The below graph illustrates the remarkable strong trend higher, where even the measured forecast downtrend of 15% only measures as a minor blip on the long-term trend of ever higher house prices.Read full article... Read full article...
Saturday, June 14, 2008
US House Prices Collapsing, Home Owners Equity Plunging / Housing-Market / US Housing
By: Paul_L_Kasriel
House prices are collapsing, which means that homeowners' equity in their houses is plunging. According to Federal Reserve flow-of-funds data, homeowners' equity dropped by $399 billion quarter-to-quarter in Q1:2008 and $880 billion year-over-year - both record absolute declines (see Chart 1). The drop in homeowners' equity contributed significantly to the $1.7 trillion decline in household net worth in the first quarter (see Chart 2). Read full article... Read full article...
Wednesday, June 11, 2008
UK House Prices Real Inflation Adjusted Long-term Trend / Housing-Market / UK Housing
By: Nadeem_Walayat
In recent months inflation has started to breakout to the upside, as CPI began to soar in February, hitting 3% in April and destined to pass 4% this year, busting straight through the Bank of England's 3% upper limit.
Leaving aside the headline house prices, inflation has huge consequences for the real value of house prices which impacts on the wealth effect of the consumer economy which comprises some 65% of the UK economy.
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Wednesday, June 11, 2008
UK Housing Market Seizes Up / Housing-Market / UK Housing
By: Mike_Shedlock
The Telegraph is reporting House sales fall is steepest since the 1970s .The number of houses changing hands has "collapsed" to the lowest level in 30 years, an influential housing market survey shows today. Its report also says that gazundering, the controversial practice of buyers dropping their offer price after they have agreed to purchase a property, has returned.
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Friday, June 06, 2008
UK House Price Forecast 2008- Bear Market is Only Beginning / Housing-Market / UK Housing
By: Nadeem_Walayat
| Editors Note: Housing Market Forecast Updated December 2008 - UK Housing Market Crash and Depression Forecast 2007 to 2012 |
UK House Prices, the current bottom line - Down 6.4% year on year, Down £14,600 from the peak, Down 7.2% from the peak. Down 3.6% on a quarterly basis. The Halifax, Britains biggest mortgage bank's housing market data for May 08 continues to confirm the Market Oracle forecast for a 15% drop from August 07 to August 09, and a 7.5% drop for 2008. Read full article... Read full article...
Thursday, June 05, 2008
Home Equity Loan Valuations In Stratosphere / Housing-Market / Credit Crisis 2008
By: Mike_Shedlock
Minyan Peter had some interesting comments yesterday about home equity loans. I happen to have some charts to put his comments in perspective.First let's hear from Minyan Peter . Lower Home Prices Impact Loan Portfolios
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