Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Wednesday, December 01, 2010
U.S. House Prices, Tip of Iceberg of Housing Market Woes / Housing-Market / US Housing
By: Asha_Bangalore
The seasonally adjusted Case-Shiller Price Index fell 0.8% in September after a 0.5% drop in August. In the third quarter, house prices, as measured by the Case-Shiller Price Index have dropped 3.4% after a 2.6% gain in the prior quarter. From a year ago, this price index declined 1.5%. The house price picture is disappointing and worrisome. The brief gain in house prices in the second quarter reflects the impact of the first-time home buyer program much like the situation in 2009 when the program was put in place (see Chart 1).
Monday, November 29, 2010
UK Mortgages Falling Demand Despite Falling Interest Rates and More Products / Housing-Market / Mortgages
By: MoneyFacts
Over the last year the number of mortgages available to borrowers has grown significantly, with borrowers who have a 20% deposit or less seeing the biggest improvements.
At the same time, rates continue to fall, with the average two, three and five year fixed rates all standing at the lowest level seen since Moneyfacts records began in 1988.
Thursday, November 25, 2010
U.S. New Home Sales Continue to Linger Around Historical Low / Housing-Market / US Housing
By: Asha_Bangalore
Sales of new single-family homes fell 8.1% to an annual rate of 283,000 in October after an upwardly revised gain of 12.0% in September (previously estimated as a 6.6% increase). Sales of new single-family homes have hovered around the historical low of 275,000, recorded in August, for the last six months.
Wednesday, November 24, 2010
U.S. Sales of Existing Homes Fell in October, Inventories Remain a Challenge / Housing-Market / US Housing
By: Asha_Bangalore
Sales of all existing homes fell 2.2% in October, after posting gains in August and September, to an annual rate of 4.43 million. Purchases of existing single-family homes dropped 2.0% to annual rate of 3.89 million in October, putting the year-to-year decline at 28%, the largest drop for the current downturn. On a regional basis, sales of existing homes fell in all regions of the nation in October.
Sunday, November 21, 2010
Australia's Housing Bubble Illustrates All Governments Intervening to Delay Inevitable Bust / Housing-Market / Austrailia
By: Bryan_Rich
The past three years have been dominated by government intervention …
The U.S. propped up the banks with TARP money, and then gave banks ultra-easy money terms to recapitalize. And to unfreeze the global credit markets, the U.S. provided unlimited dollar swap lines with global central banks.
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Thursday, November 18, 2010
U.S. Housing Market Continues to Rot, No Rebound in 2011 / Housing-Market / US Housing
By: Money_Morning
Larry D. Spears writes:
The year of 2010 saw very little improvement in the housing sector, and that's not likely to change in 2011.
The industry's weaknesses - high unemployment, tight credit, ineffectual government programs, soaring inventories, plunging prices, and so on - are simply too gaping to be resolved by next year.
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Thursday, November 18, 2010
U.S. Housing Market Starts Were Unimpressive in October / Housing-Market / US Housing
By: Asha_Bangalore
Housing starts fell 11.7% to an annual rate of 519,000, reflecting a 43.5% drop in starts of multi-family units and a 1.1% drop in single-family units to an annual rate of 431,000. Single-family starts have essentially held nearly steady for four straight months (see chart 3). The decline in multi-family starts was the culprit behind the weak headline reading. Multi-family starts are highly volatile and do not speak for the underlying trend of homebuilding activity.
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Tuesday, November 16, 2010
UK House Prices 2011 and Beyond / Housing-Market / UK Housing
By: Tim_Waring
In 2007 we saw the images of Northern Rock customers queuing on the streets to withdraw their funds. It seemed that finally the exuberance in the housing market was going to be deflated. Three years on and this has not happened to any really significant extent. Up until recently, I have been waiting for the monthly data from various sources to show an accelerating rate of falls. In reality, the market has traded sideways at a level just below the all time peak. When markets do not do what you expect them to you eventually have to ask why.
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Wednesday, November 10, 2010
UK House Prices Overvalued, So Where's the Crash? / Housing-Market / UK Housing
By: Tim_Waring
It is fairly unanimous that houses in the UK are over-priced - 30% according to The Economist. I have been a long term bear for a decade as by every measure such as income, yield etc they seemed well due for a much greater correction than has occurred.
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Saturday, November 06, 2010
ForeClosureGate and The Economic Crisis, Spiralling Gold and Silver Prices / Housing-Market / US Housing
By: Bob_Chapman
Foreclosuregate will soon again dominate the financial news along with the three class action lawsuits – one is a RICO suit, entered against JPMorgan Chase and HSBC for rigging the silver markets.
Friday, November 05, 2010
UK House Prices Downtrend Continues in October, Market Waits for Further QE / Housing-Market / UK Housing
By: Nationwide
- House prices fell by 0.7% in October
- Three month rate of decline accelerates to 1.5%
- Further quantitative easing could boost the housing market
Friday, October 29, 2010
U.S. Mortgagegate Scandal Puts Taxpayers into the Title-Insurance Business / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes:
U.S. taxpayers already own pieces of such problem-plagued companies as General Motors Corp., Chrysler LLC, American International Group Inc. (NYSE: AIG), Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC). Now the increasingly problematic "Mortgagegate" saga could land American taxpayers in the trouble-ridden title-insurance business.
Wednesday, October 27, 2010
Case-Shiller U.S. Home Price Index Dips in August as Jobs Outlook Remains Poor / Housing-Market / US Housing
By: Asha_Bangalore
The Conference Board's Consumer Confidence Index increased to 50.2 in October from 48.6 in the prior month. The Present Situation Index rose to 23.9 from 23.3 in September and Expectations Index moved up to 67.8 from 65.5 in September.
Tuesday, October 26, 2010
How Predatory Lenders and Wall Street Fleeced America and Spwaned Global Financial Crisis / Housing-Market / Credit Crisis 2008
By: John_Mauldin
I am in New York this afternoon attending and speaking at the Bank Credit Analyst Conference. I have to say that the panel on emerging markets gave me some real food for thought and an idea or two for a future e-letter. I have been a fan of emerging markets in general (with some exceptions) for some time but I should become even more so I think.
Tuesday, October 26, 2010
Existing U.S. Homes Sales Advance, But Inventories Remain Problematic / Housing-Market / US Housing
By: Asha_Bangalore
Sales of all existing homes rose 10% in September to a seasonally adjusted annual rate of 4.53 million units following a 7.3% increase in the prior month. Sales of existing single-family homes increased 10.0% to an annual rate of 3.97 million units during September vs. a 7.1% gain in August. On a regional basis, sales of all existing homes rose in all four regions of the nation, with the gains in the Midwest leading the group.
Sunday, October 24, 2010
U.S. Housing Subprime Mortgage Market Securitization Debacle, They Knew What They Were Selling / Housing-Market / Subprime Mortgage Risks
By: John_Mauldin
The Subprime Debacle: Act 2, Part 2
They Knew What They Were Selling
Warning to Mr. Robert Rubin and Management
Popping Through
It's Time for Some Putback Payback
The Worst Deal of the Decade?
At the end of last week's letter on the whole mortgage foreclosure mess, I wrote:
"All those subprime and Alt-A mortgages written in the middle of the last decade? They were packaged and sold in securities. They have had huge losses. But those securities had representations and warranties about what was in them. And guess what, the investment banks may have stretched credibility about those warranties. There is the real probability that the investment banks that sold them are going to have to buy them back. We are talking the potential for multiple hundreds of billions of dollars in losses that will have to be eaten by the large investment banks. We will get into details, but it could create the potential for some banks to have real problems."
Saturday, October 23, 2010
The Mortgage Securitization Scam / Housing-Market / US Housing
By: Bob_Chapman
The foreclosure crisis has set its sights on MERS, the Mortgage Electronic Registration Systems, which files almost all of the foreclosure actions in behalf of lenders. The problem never anticipated by lenders is that the company has no legal standing to do such things. In addition they broke the law by not requiring a notarized document of transfer of title signed by the seller and buyer. That is because they did not own the loans.
Friday, October 22, 2010
Mortgage Mess Comes Back to Haunt Bankers … Again / Housing-Market / US Housing
By: Mike_Larson
Halloween is right around the corner. So it’s only appropriate that — just like some bad horror movie character — the mortgage monster keeps coming back to haunt bankers. Indeed, major financial institutions like Bank of America got pummeled this week amid fear of even MORE losses tied to the mortgage debacle.
What’s at stake? How will this impact the markets? Why do these home loan zombies refuse to die?
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Thursday, October 21, 2010
Getting Real About U.S. Real Estate, Mortgage-backed Securities and Foreclosures / Housing-Market / US Housing
By: David_Galland
David Galland interviews real estate professional Andy Miller, Miller Frishman Group
In 1990, following the real estate debacle of the 1980s, Andy Miller co-founded SevoMiller, Inc. The company provided workout services for major financial institutions throughout the country and also began buying and developing apartments, retail and office properties. From its founding to the present, the company's acquisitions totaled over 30,000 apartment units, several million square feet of retail space, and numerous office projects throughout the country, including the states of Colorado, Arizona, California, Nevada, Illinois, Texas, Louisiana, Indiana, Oklahoma, Georgia, and Florida.
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Wednesday, October 20, 2010
Is ForeclosureGate Sloppy Paperwork or Push Button Financial Fraud? / Housing-Market / US Housing
By: Washingtons_Blog
Foreclosure Expert Confirms Mortgages Pledged Multiple Times, Not Actually Securitized, Document Problem Is Really a System of "Push Button Fraud"
Yesterday, I showed that mortgages were fraudulently pledged to multiple buyers at the same time.
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