Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Friday, November 14, 2008
New Precedent for America : Financial Irresponsibility Pays / Housing-Market / US Housing
By: Mike_Stathis
As a desperate attempt to stop the bleeding, banks are stepping up with further efforts to protect delinquent homeowners. To date, this represents the most radical effort to stop the avalanche of foreclosures. It's thought these ridiculous bailouts will help restore the housing market which will provide more stability to the economy. The problem is that these plans are still insufficient to make any impact. And there is nothing to absorb the massive inventory of housing.Read full article... Read full article...
Friday, November 07, 2008
Capital Economics UK Housing Market Forecasts / Housing-Market / US Housing
By: Nadeem_Walayat
What is the value of typically the same housing bear market / crash forecast that is rolled out every few months? This article takes a look back at Capital Economics that has been grabbing the headlines of late of having forecast the UK housing market crash of 2008. However if you dig a little deeper the actual accuracy of Capital Economics housing market forecasts evaporates into thin air.
Friday, November 07, 2008
UK Housing Market 15% Crash Forecast Fulfilled / Housing-Market / UK Housing
By: Nadeem_Walayat
The latest house price data by the Halifax shows that UK house prices have fallen by more than 16% from the peak of August 2007 and October 2008. The crash in both US and UK housing markets over the last 12 months was increasingly followed in September by the bankrupt banks collapsing one by one like a chain of dominos with governments rushing to their rescue during September and early october to the tune of unheard of amounts of tax payers money that now runs to collectively over $3 trillion. This first triggered near panic interest rate cuts in October of 0.5% which was yesterday followed by true panic cut of 1.5% which takes UK interests rates down to 50 year lows.Read full article... Read full article...
Tuesday, November 04, 2008
The Great American Housing Market Nightmare Next Phase / Housing-Market / US Housing
By: Money_and_Markets
Martin Weiss writes: One of the greatest blunders of our time is made by those who blindly assume home prices are so low they couldn't possibly go any lower.
In reality, home prices don't stop going down at some particular level that appears to be “cheap.” Nor do they stop falling because they match some historical price that was previously a low.
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Thursday, October 30, 2008
UK House Prices Crash by 14.6% / Housing-Market / UK Housing
By: Nationwide
- Prices fall by 1.4% in October
- Reluctance of sellers to reduce asking prices could be hindering market activity
- Recognition that the UK is heading into recession opens door to sharp cuts in rates
Wednesday, October 29, 2008
U.S. Housing Bust Continues on October Case Shiller Data / Housing-Market / US Housing
By: Mike_Shedlock
Inquiring minds are considering the S&P/Case-Shiller Home Price Release for October 2008.
New York, October 28, 2008 – Data through August 2008, released today by Standard & Poor's for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, shows continued broad based declines in the prices of existing single family homes across the United States, a trend that prevailed throughout the first half of 2008 and has continued into the second half.
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Thursday, October 09, 2008
When will the U.S. Housing Market Bottom? / Housing-Market / US Housing
By: Hans_Wagner
Now that the US has signed the rescue bill, investors are analyzing ways they can use the bill to help them beat the market. The collapse of housing prices in the United States led directly to the problems with the mortgage securities that are freezing credit markets. Some investors might think that the bottom in the current recession is near and the markets will recover soon. Others are not so sure. In this case, it pays to look at the past to see if you can learn from prior experiences and the trends in the housing market. Read full article... Read full article...
Tuesday, October 07, 2008
Fixing the U.S. Housing Market and House Prices / Housing-Market / US Housing
By: Andrew_Butter
At this rate they won't bottom 'till 2010 and there is 15% to go. I think I need to get my hearing checked, but I thought I heard "Hank" say that his bailout plan won't start to work until house prices recover. Read full article... Read full article...
Monday, October 06, 2008
Credit Crisis Worse to Come as U.S. Mortgage Resets Continue / Housing-Market / Credit Crisis 2008
By: David_Haas
We are often told through the mainstream media that “the worst is behind us now” with respect to the credit crisis and that much of the blame for the crisis in the first place can be attributed to defaults on sub-prime mortgages, a meltdown in housing-related credit instruments, and plummeting housing values in many local markets across the USA. Read full article... Read full article...
Sunday, October 05, 2008
France To Buy 30,000 Homes, How Many Will the U.S. Own? / Housing-Market / US Housing
By: Mike_Shedlock
Morningstar is reporting, France To Buy 30,000 Planned Homes To Boost Building Business .
President Nicolas Sarkozy, grappling with the global financial crisis, has decided to directly support the French construction industry by buying 30,000 homes waiting to be built, the presidential palace said Wednesday.
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Thursday, October 02, 2008
Real Estate / Credit Bubble Deflation Foresight / Housing-Market / Deflation
By: Steve_Moyer
"And what a bunch of numbskulls - Greenspan, Paulson and Bernanke! Every word they've said so far has been financial poison. "Greenspan relaxed about house prices..." reported the Financial Times in 2005. "Most negatives in housing are probably behind us..." said the same sage in October 2006. "We believe the effect of the troubles in the subprime sector...will be likely limited..." said Bernanke in March 2007. It's "not a serious problem...I think it's going to be largely contained," added Paulson in April 2007. Read full article... Read full article...
Thursday, October 02, 2008
UK House Price Crash Worse than 1990's Nationwide / Housing-Market / UK Housing
By: Nationwide
• The price of a typical house fell by 1.7% in September• Market weakness not surprising given ongoing turmoil and many risks remain
• House prices will continue to fall in short term, but longer term prospects are more sound Read full article... Read full article...
Thursday, September 25, 2008
Bush's Housing Market Rescue Plan Full of Dry Rot / Housing-Market / US Housing
By: Adrian_Ash
"The reality of the situation is that an open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention..." – Hank Paulson, speaking at the China-US Strategic Dialogue in Shanghai, 3/7/2007
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Saturday, September 13, 2008
Value of Housing Markets in USA and UK Past, Present, and Future / Housing-Market / US Housing
By: Andrew_Butter
The nationalization of Fannie and Freddie signaled that the valuations of assets used to secure loans to which these companies were exposed, were suspect.
"Legally" Fannie and Freddie were solvent. But no one believed the valuations, first the market didn't, and finally, neither did the regulators. This was an extraordinary admission of failure of the system of valuation, past and present.
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Saturday, September 13, 2008
US Housing Bear Market Nowhere Near a Bottom / Housing-Market / US Housing
By: John_Mauldin
- The Headwinds to Growing Your Wealth
- The Wealth of Nations
- Housing: Are We at the Bottom?
- Alt-A is the New Subprime
- 3.5 Million Unemployed and Counting
This week we look at the housing market in some detail. When can we expect it to turn around? Part of the problem is that a new wave of foreclosures is coming due, and this time it is not subprime. And that means more problems for the large financial companies. Also, as predicted here, consumer spending is taking a hit as consumers are finding it increasingly difficult to get credit and a deteriorating labor market is dragging down total spending. There are some very interesting details in the data that was released this week. And we take a quick peek at the outlook for inflation. What is in the pipeline, so to speak? It should make for an interesting letter.
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Friday, September 12, 2008
U.S. Foreclosures Shock Wave Ripples Through Housing Market / Housing-Market / US Housing
By: Peter_Schiff
Bloomberg is reporting U.S. Foreclosures Hit Record in August as Housing Prices Fell .U.S. foreclosure filings rose to a record in August as falling home prices made it harder to sell or refinance homes to pay off the mortgage, RealtyTrac Inc. said.
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Wednesday, September 10, 2008
Fannie and Freddie Bailout Doomed, Lessons from UK Northern Rock Bust / Housing-Market / Credit Crisis 2008
By: Nadeem_Walayat
One of the aims of the take over of the Fannie and Freddie by the US Government is to stabilize the housing market by taking over and providing liquidity to the mortgage market is doomed to fail. In the UK we have the example of the Northern Rock bank bust of Sept 07 and what subsequently transpired over the last 12 months as a possible guide of key assumptions being made now in the US that could prove to be wrong.Read full article... Read full article...
Tuesday, September 09, 2008
UK House Price Crash Spreads Economic Chill Implying Interest Rate Cuts / Housing-Market / UK Housing
By: Nationwide
- The price of a typical house fell by 1.9% in August
- More borrowers opt for fixed rate loans to protect their payments in uncertain times
- Gloomy Governor opens the door to rate cuts
| Headlines | August 2008 | July 2008 |
| Monthly index * Q1 '93 = 100 | 329.5 | 335.9 |
| Monthly change* | -1.9% | -1.5% |
| Annual change | -10.5% | -8.1% |
| Average price | £164,654 | £169,316 |
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Friday, September 05, 2008
UK Housing Market Crash Now at Minus 12.8% For August / Housing-Market / US Housing
By: Nadeem_Walayat
The Halifax's latest house price data shows that the housing market crash continued to accelerate into August, plunging by 1.7% that saw another £3000 wiped off house prices following the £3,300 write off for July to stand at down 12.8% on the year to August (on a non seasonally adjusted basis). UK house prices have now fallen by more than 8% since April. If a fall of 8% in 4 months cannot be considered a crash in UK house prices than I do not know what can. No wonder Chancellor Darling virtually threw in the towel during the weekend in his famous "I give up, please let me spend more time with my family" speech.Read full article... Read full article...
Wednesday, September 03, 2008
UK Housing Market Rescue Plan Will Fail as Government Seeks to Lasso First Time Buyers / Housing-Market / UK Housing
By: Nadeem_Walayat
Whilst house prices are tumbling at the rate of 2% a month, the labour government finally revealed its feeble attempt to interfere with market forces by suspending the 1% stamp duty taxed on house purchases on properties up to a value of £175,000 for a period of 1 year. Read full article... Read full article...