Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Friday, November 22, 2013
More Evidence U.S. Housing Market Is Turning Cold / Housing-Market / US Housing
By: DailyGainsLetter
Mohammad Zulfiqar writes: The U.S. housing market is in trouble, and it’s foolish to believe that it’s going to show gains like it did earlier this year and in 2012. More and more evidence is lining up in favor of the housing market in the U.S. economy seeing stagnant growth, or maybe even heading for a downturn.
It is not stressed enough that the housing market depends on home buyers; if they don’t buy, robust growth doesn’t occur.
Read full article... Read full article...
Monday, November 18, 2013
UK House Prices Boom Propelling GDP Economic Growth to Above 3%, Interest Rates Pressure Cooker / Housing-Market / UK Housing
By: Nadeem_Walayat
Britain's house prices bull market momentum as a consequence of 5 years of ZIRP and rampant money printing is finally and rapidly starting to translate into positive economic data as illustrated by the unemployment rate tumbling to 7.6% and GDP growth rate of 0.8% for Q3, which prompted many academic economists from the Bank of England downwards to busily revise doom and gloom forecasts of in some cases just 1% GDP growth to now a high 2.5% as illustrated by Money Printing Mark Carneys latest quarterly Inflation report forecast for 2014, that in my opinion could easily exceed 3% with Inflation consequences for in excess of CPI 3% that will result in far more than mere hints of interest rate hikes that the mainstream press has been busy scrambling over these past few days to commentate on the risks of.
Tuesday, November 12, 2013
Why the U.S. Housing Market Recovery Won’t End Well / Housing-Market / US Housing
By: Profit_Confidential
Michael Lombardi writes:
The news headlines are saying the U.S. housing market is witnessing robust growth and flipping homes for profit is back.
While many are now saying there is growth in the U.S. housing market and that it will continue, I disagree with them, based on many different factors…all of which I want my readers to know about.
Friday, November 01, 2013
How to Profit from a Potential U.S. Housing Market Downdraft / Housing-Market / US Housing
By: InvestmentContrarian
George Leong writes: The housing market has had a nice run up over the past several years, but the party is beginning to fade.
Home prices continue to edge higher with a 12.8% jump in August, according to the S&P/Case-Shiller 20-City Home Price Index. While this seems positive, you also have to wonder if the housing market is headed for a bubble down the road as mortgage rates rise—and they will.
Read full article... Read full article...
Thursday, October 31, 2013
Sheffield Best and Worst Areas to Live, House Buying Analysis Map / Housing-Market / Sheffield
By: Nadeem_Walayat
Sheffield is Britain's fifth largest city with a population of 552,000 people that occupy's the south west quadrant of the county of South Yorkshire, which given its central UK position, prominent rail and motorway links is a favourable destination for national and international migrants from nearby towns and further afield given its relatively low favourable house prices.
Wednesday, October 30, 2013
New Rental Securitization Deal Likely Heralds U.S. Housing Market Double Dip / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes: Today, in New York, investors will be pitched the first-ever REO-to-rental securitization deal. The $500 million deal bundles foreclosed single-family homes, "real-estate-owned" by Blackstone Group L.P. (NYSE: BX) , into securities that pass-through rental payments to investors.
The new securitization of rental properties comes at a time when home prices have rebounded dramatically across the country. But rather than confirming a bull market in housing, the "trade," as Reuters calls the transaction, likely heralds a coming double dip.
Read full article... Read full article...
Wednesday, October 30, 2013
What U.S. Housing Market Recovery? / Housing-Market / US Housing
By: Mike_Whitney
"4,594,000 Mortgages Going Unpaid in the United States."
Buying a house is a lot like buying a car. If you don’t look under the hood, you could wind up with a lemon. Only with housing, it’s not as simple as checking the dipstick or looking for oil under the rear axle. No, smart home buyers check the data to see what’s really going on. That’s the best way to cut through the hype and separate the fact from the fiction.
Read full article... Read full article...
Tuesday, October 15, 2013
Robert Shiller Demolishes UK's Housing Market Help-To-Buy Scheme / Housing-Market / UK Housing
By: Raul_I_Meijer
It's always amusing to peruse the press and find stuff that just doesn't hold up. Not for a big analysis, just a chuckle, albeit with a serious undercurrent. I've explained a hundred times that the prize Bob Shiller was awarded on Monday is not a Nobel prize, but a cheap fake, and I've looked for the correct name for it, Notbel, NoNobel, Fauxbel, but that ground has been covered and Shiller got the thing and why dwell on the stupidity of it all indefinitely?
Friday, October 11, 2013
New Help to Buy Mortgages Halifax, RBS, Nat West, HSBC, Virgin Money, Aldermore, Santander / Housing-Market / Mortgages
By: Nadeem_Walayat
David Cameron brought forward the Help to Buy scheme phase 2 by 3 months to 7th of October 2013 to help kick start a UK housing market lead election economic boom which means that despite the governments five year fixed term date for a May 2015 general election, in reality the election could come at anytime between May 2014 and May 2015. Therefore the stronger the economy the more election cards David Cameron will have to play in the run up to the next general election.
Tuesday, October 08, 2013
Help to Buy Phase 2 Mortgage Loan Examples / Housing-Market / UK Housing
By: MoneyFacts
The Help to Buy scheme has arrived earlier than originally anticipated, albeit amid a certain amount of confusion around the finer details.
Based on the details to surface, Moneyfacts has worked out how much of a saving these deals will mean to borrowers and how much money will come out of your pocket.
Read full article... Read full article...
Sunday, September 29, 2013
David Cameron Brings Forward Help to Buy Mortgages, Stoking House Prices Bubble, Election Boom / Housing-Market / UK Housing
By: Nadeem_Walayat
The coalition government is ramping up its efforts for not just igniting economic recovery but an election boom as David Cameron announces that the Help to Buy Scheme which was due to be extended to all house purchases upto £600k from January 1st 2014, will instead now commence this coming week. This is a clear case of actions speaking louder than words for literally just days ago George Osbourne was issuing statements that he wanted the Bank of England to step in to prevent a housing bubble, we even had the likes of Vince Cable calling on the 2nd phase of Help to Buy to be scrapped, instead the Coalition governments ACTIONS for over a year have been one of escalating efforts towards stoking a house prices bubble in an attempt at igniting an ELECTION BOOM, an election that could come much earlier than the consensus expects.
Thursday, September 26, 2013
What Homebuilding Stocks Trying to Tell Us After 20% Plunge? / Housing-Market / Housing Stocks
By: Profit_Confidential
Michael Lombardi writes:
The U.S. housing market is “hot;” home prices are going up and up. At least that’s what the mainstream’s saying.
The S&P Case-Shiller 20-City Composite Home Price Index, considered a key indicator of the U.S housing market, increased to 159.18 in July. In June, it stood at 158.20. Since the beginning of the year, the index of home prices in 20 major cities in the U.S. economy has increased by roughly 7.5%. (Source: Federal Reserve Bank of St. Louis web site, last accessed September 24, 2013.)
Thursday, September 26, 2013
How to Buy Prime Manhattan Real Estate for Less Than $100 / Housing-Market / US Housing
By: Money_Morning
Robert Hsu writes: Unless you own a home in each of America's 20 biggest cities - or you're an economist - a 12.4% increase in the S&P/Case-Shiller Index doesn't mean much.
You can't make money from a nationwide statistic. Not in real estate...
Read full article... Read full article...
Thursday, September 26, 2013
No Tapering, More QE, Serious U.S. Housing Market Slowdown / Housing-Market / US Housing
By: Mike_Shedlock
With September out of the way, most economists now expect a December tapering event. Steen Jakobsen, chief economist at Saxo Bank in Denmark is not one of them.
Via email, Steen writes ...
Read full article... Read full article...
Wednesday, September 25, 2013
UK Housing Market Falling Buy to Let Mortgage Fixed Interest Rates / Housing-Market / Buy to Let
By: MoneyFacts
News of West Brom building society’s pending 2% rate hike for its 6,700 buy-to-let (BTL) tracker mortgage borrowers, so soon after the customer class action against the Bank of Ireland’s similar move, will make for a nervous time for the BTL tracker market and will leave many landlords searching for an escape route.
Read full article... Read full article...
Sunday, September 22, 2013
Sheffield House Prices Forecast, UK, Yorkshire and Humber / Housing-Market / Sheffield
By: Nadeem_Walayat
Whilst average UK house prices are rising at an annual rate of 4%, London on the other hand is trundling along at near 10% per annum, homing in on their 2007 highs, meanwhile areas such as Yorkshire and Humberside are lagging behind the national trend with average house prices rising at an annual rate of just 3% and where Sheffield, Y&H's largest city has been seized upon by both politicians and the mainstream press to make the point that house prices are only booming in London whilst cities such as Sheffield are assumed to be continuing to stagnate.
Friday, September 20, 2013
UK House Prices Forecast 2013 to Mid 2014 / Housing-Market / UK Housing
By: Nadeem_Walayat
Many housing market commentators have been busy this past week revising their house prices forecasts for 2013, such as Rightmove tripling their forecast for UK house prices from just a 2% rise to now 6% for 2013. This follows hot on the heels of the Liberal Democrats economic guru, Vince Cable warning of a potential a new UK housing market bubble as a consequence of the governments "Help to Buy" scheme.
Monday, September 16, 2013
Is the U.S. Housing Market Recovery Over? / Housing-Market / US Housing
By: Mike_Whitney
Mortgage rates are rising and the housing market is getting weaker. In May of 2013, the 30-year fixed rate mortgage was 3.59%. Today it is 4.71%, more than a full percentage point higher. That means that the payment on a $200,000 loan is 15 percent more than it would have been just two months ago. The higher rates mean that would-be homebuyers are getting less bang for their buck and might not be able to afford their dream home. It means that housing sales will fall and prices will drop. Higher rates are poison for housing.
Saturday, September 14, 2013
Ridiculous RICS Calls on Bank of England to Cap UK House Prices at 5% / Housing-Market / UK Housing
By: Nadeem_Walayat
The Royal Institution of Chartered Surveyors (RICS) has called on the Bank of England to cap house prices at 5% to prevent another house prices bubble, this is set against recent Halifax data that puts house prices rising at a rate of 4.6% per annum.
The problem with the RICS call for a 5% cap is that it implies that the Bank of England is ever competent in capping anything let alone house prices inflation, when the evidence suggests otherwise as the Bank of England has FAILED in its primary remit to target or cap CPI inflation at 2% for the past 5 years, and this during a period of economic depression i.e. the most favourable economic conditions for an inflation CAP , instead Inflation has averaged more than 60% above the Bank of England's 2% target rate at a rate of approx 3.3% per annum. Though real inflation tends to average between 1 to 1.5% above the highly suspect official rate therefore currently at between 3.7% and 4.2%, to which asset prices tend to be leveraged.
Read full article... Read full article...
Saturday, September 14, 2013
India Housing Market Bubble Bursts; Panic Selling Coming Next / Housing-Market / India
By: Mike_Shedlock
On August 1, in India Housing Bubble Still Expanding I posted a series of charts by Deepak Shenoy, an economic blogger at Capital Mind in India.
Those charts showed the bubble in India was alive and growing. Here is one of the charts and a small bit of commentary ....
Read full article... Read full article...