Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Tuesday, November 18, 2014
Too Difficult to Get a U.S. Home Loan / Housing-Market / US Housing
By: Bloomberg
HUD Secretary Julian Castro spoke with Bloomberg TV's Peter Cook about the first positive balance for the Federal Housing Administration's mortgage-insurance fund in two years and the outlook for an overhaul of federal housing-finance rules.
Castro detailed the improving financial picture for the Federal Housing Administration, stating the government's mortgage insurance fund is "back in the black" for the time in two years: "Is it now in positive territory. In fact, over the last two years it's seen an increase of $21 billion in its value. And the underlying fundamentals of the portfolio of the fund are stronger than they have been in quite a while."
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Wednesday, November 05, 2014
U.S. Housing Market San Francisco at Critical Mass / Housing-Market / US Housing
By: Harry_Dent
The website, zerohedge.com, recently reported on an interesting indicator that makes perfect sense, but it’s one that I hadn’t seen before.
They reported that the San Francisco Case-Shiller year-over-year home price index is the primary real estate market that foreshadows when the stock market or any other major bubble will crash. In other words, it’s the bubble that best forecasts other bubbles bursting.
The reason that San Francisco is unique is that it’s very bubbly from a very limited supply… it reflects both Silicon Valley and the tech bubble… and it also reflects the “mega” bubble that is China.
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Thursday, October 30, 2014
US Mortgages, Risky Bisiness "Easy Money" / Housing-Market / US Housing
By: Mike_Whitney
Here we go again.
Last week, the country’s biggest mortgage lenders scored a couple of key victories that will allow them to ease lending standards, crank out more toxic assets, and inflate another housing bubble. Here’s what’s going on.
On Monday, the head of the Federal Housing Finance Agency (FHFA), Mel Watt, announced that Fannie and Freddie would slash the minimum down-payment requirement on mortgages from 5 percent to 3 percent while making loans more available to people with spotty credit. If this all sounds hauntingly familiar, it should. It was less than 7 years ago that shoddy lending practices blew up the financial system precipitating the deepest slump since the Great Depression. Now Watt wants to repeat that catastrophe by pumping up another credit bubble. Here’s the story from the Washington Post:
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Tuesday, October 28, 2014
Global Housing Markets - Don’t Buy A Home, You’ll Get Burned! / Housing-Market / Global Housing Markets
By: Raul_I_Meijer
Europe had hundreds of inspectors check 130 banks for a year in that stress test. Who do you think picked up the tab for that? And what did Europe’s taxpayers get in return? As I’m looking right now, they got falling stocks and 3 Italian banks in which trading was halted. What was the ECB’s goal with the tests again?
Oh right, to restore confidence in the markets … Well, with WTI oil falling fast below $80, I think we can now confidently say the Boys of Brussels are either not up to the job, or they’re letting the whole caboodle rapidly drift south on purpose. Probably a bit of both.
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Tuesday, October 28, 2014
Evidence of New U.S. Housing Market Real Estate Bust Starting to Appear / Housing-Market / US Housing
By: EWI
Editor's note: With permission, the following article was adapted from the October 2014 issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International, the world's largest market forecasting firm. You may review an extended version of the article for free here.
In February, The Elliott Wave Financial Forecast discussed the great boom in New York City's residential real estate and its keen resemblance to what happened in 1929, when the demand for luxury housing also spiked to previously unseen heights. At 133 East 80th Street, we found this plaque commemorating the earlier era's brick-and-mortar monuments to a Supercycle degree peak in social mood.
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Friday, October 24, 2014
Meet the New U.S. Housing Market Mortgage Rules – They’re the Same as the Old Ones / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes: And you thought the federal government was getting out of the mortgage guaranteeing and backstopping business.
In fact, the feds are not only not getting out of the mortgage business, but they’re already blowing up the next bubble.
As a result, the Great Recession – spawned by the credit crisis, easy-money mortgages and low interest rates – is going to make a comeback.
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Thursday, October 23, 2014
Five U.S. Housing Market Warning Signs Point to Real Estate Market Downturn / Housing-Market / US Housing
By: John_Mauldin
By Tony Sagami
Investing is about piecing together different bits of information into an illustrative picture—sort of a Wall Street version of the connect-the-dots game we played in kindergarten.
That’s why the headline below from Bloomberg made my investment antennae stand up and motivated me to look for either confirmation that the real estate market was indeed slowing down or contrary evidence to explain if the weak summer sales numbers were just a temporary aberration.
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Wednesday, October 22, 2014
Evidence of Another Even More Sweeping U.S. Housing Market Bust Already Starting to Appear / Housing-Market / US Housing
By: EWI
Editor's note: With permission, the following article was adapted from the October 2014 issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International, the world's largest market forecasting firm. You may review an extended version of the article for free here.
In February, The Elliott Wave Financial Forecast discussed the great boom in New York City's residential real estate and its keen resemblance to what happened in 1929, when the demand for luxury housing also spiked to previously unseen heights. At 133 East 80th Street, we found this plaque commemorating the earlier era's brick-and-mortar monuments to a Supercycle degree peak in social mood.
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Monday, October 13, 2014
The U.S. Housing Market Recovery is a Lie... / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes: Ben Bernanke began his tenure as Chairman of the Federal Reserve Board just as the housing bubble was peaking in February 2006.
He exited the post in February of this year after supposedly shepherding the country out of the Great Recession the mortgage crisis spawned.
He recently admitted the housing recovery is hitting a wall.
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Thursday, October 09, 2014
Second-Richest Man Says Mortgages Now a "No Brainer" / Housing-Market / US Housing
By: DailyWealth
Dr. Steve Sjuggerud writes: Warren Buffett is the second-richest man in America today, behind Bill Gates. (He was the richest man in the world in 2008.)
He made his fortune through the financial markets. Buffett, to me, is the greatest financial mind of our time – if not ever.
Right now, Mr. Buffett says to get a fixed mortgage... Specifically, he calls it a "no brainer" today...
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Sunday, October 05, 2014
Monetizing the UK Housing Market Bubble with 20% Discount Election Bribes / Housing-Market / UK Housing
By: Nadeem_Walayat
Many people continuously ask how can UK house prices continue rising from already a very high levels to what appear to be new bubble extremes, especially when average wages have been falling in real terms for the past 5 years and only likely to turn marginally positive this year. The answer to this remains the same in that all governments of whatever party will always seek to monetize the UK housing market in an attempt to keep inflating the housing bubble in perpetuity by literally printing money (QE and and debt that will never be repaid but inflated away).
Friday, October 03, 2014
The Diversity of the Current US Housing Market / Housing-Market / US Housing
By: Boris_Dzhingarov
Though greatly improved from the staggering declines of the past decade, the US housing market still tends to undervalue homes by an average estimated 3%. This is the broad view, but America is an enormous country with multiple submarkets. Comparing Metropolitan home sales to the sale of homes in less concentrated areas illuminates the fact that US Housing is not one market, but several.
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Tuesday, September 23, 2014
Why Isn’t U.S. Housing Market A Bubble? / Housing-Market / US Housing
By: John_Rubino
In his book The Postcatastrophe Economy, iTulip’s Eric Janszen notes that financial bubbles don’t repeat. That is, yesterday’s bubble is never tomorrow’s because hot money likes to chase the next big thing, not the last big thing. Which explains how US equities, government bonds, fine art, and trophy properties like London penthouses can all be sizzling while US houses, the epicenter of the previous decade’s financial orgy, just sit there.
Monday, September 22, 2014
Dubai Residential is NOT a Property Bubble But the Party’s Over / Housing-Market / Global Housing Markets
By: Andrew_Butter
The sentiment of the experts at 2014 Cityscape Global is that Dubai residential property is “cooling”. That said, the words “bubble” and “bust” are studiously avoided, almost as if a communications guideline had been issued.Depending on who you talk to...prices went up easily by 50% and perhaps by 70% over the past five years since the bottom in early 2009; everyone appears to agree that they are back to where they were in January 2008. What happened between then and now is a subject of collective amnesia as are many of the statements made at the 2008 Cityscape...for example the spectacularly miss-timed pronouncement by one expert... “Investors say 2009 will be the best year for real estate investment in MENA, ever”.
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Saturday, September 20, 2014
Can the U.S. Economy Withstand Another Housing Market Breakdown? / Housing-Market / US Housing
By: Sy_Harding
With the three fascinations of the week, the Fed’s FOMC statement, the separation vote in Scotland, and the Alibaba IPO, now history, will investors re-focus on the economy?
Given what the Fed actually said in its statement, and some recent economic reports, it might be a good idea.
Investors were anxious to judge how long the Fed will leave interest rates at low levels by whether or not it left the words “for a considerable time” in its FOMC statement.
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Monday, September 15, 2014
Property Rights and Property Taxes—and Countries That Don’t Have Them / Housing-Market / Global Housing Markets
By: Casey_Research
By Nick Giambruno, Senior Editor, InternationalMan.com
Do you really own something that you are forced to perpetually make payments on and which can be seized from you if you don’t pay?
I would say that you don’t.
You would possess such an item, but you wouldn’t own it—an important distinction
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Sunday, August 31, 2014
U.S. House Prices to Soar AFTER the Fed Raises Rates / Housing-Market / US Housing
By: DailyWealth
Dr Steve Sjuggerud writes:"Steve, you know the housing boom will end when the Fed raises interest rates, right?"
Oh really? What makes you so sure about that?
"Steve, you know that mortgage rates are going up, right? And you know that when mortgage rates rise, house prices will fall – or at least stop going up – right?"
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Sunday, August 31, 2014
Scotland Independence House Prices Crash, Deflationary Debt Death Spiral / Housing-Market / UK Housing
By: Nadeem_Walayat
The consequences for the people of Scotland voting YES would be tantamount to the Scottish people firstly committing economic suicide as a consequence of the immense uncertainty in virtually every aspect of economic activity that would expect to manifest it self in dis-investment / flight of capital out of Scotland, from funds held in the banks deemed to be Scottish, to sale of a whole host of business and private assets such as properties as for many Scottish households the safest place to be at such an uncertain time would be to move into rental premises, even to the extent of a panic swapping of Scottish paper Pound notes for English paper Pound notes, just in case of volatility in the relative value of the notes by the market (shops).
Saturday, August 30, 2014
Peter Schiff U.S. Housing Market, House Prices Bubble Warning / Housing-Market / US Housing
By: Nadeem_Walayat
Peter Schiff recently made another appearance on RT News, once more warning that the U.S. Housing market is a bubble primed to burst as speculator investors will be forced to sell into a market without any buyers.
"I think this is a bubble.
I think speculative buyers are leaving the market ands there is no one to fill the void because the real buyers are absent and if you look at the recent home statistics the percentage of homes bought by first time buyers is at a record low and in fact home ownership amongst individuals is at generational lows so prices have to come down dramatically from here before real buyers can actually afford to buy all the properties that have been bought by speculators, and at some point the speculators if they cannot collect enough rent to cover the cost of ownership they are going to be selling these properties, and look out below because when they put these properties up for sale, again there are no buyers anywhere near the current prices."
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Friday, August 29, 2014
US House Prices Bull Market Over? Trend Forecast Video / Housing-Market / US Housing
By: Nadeem_Walayat
Slowing US house price inflation from a peak of 14% for data released in January this year to now 9% is prompting many housing market analysts to conclude that the US housing bull market may already be over, such as Professor Robert Shiller who recently expressed surprise at the strong rise in US house prices and stating that it is overvalued along with stocks and bonds.