Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Sunday, August 15, 2010
U.S. Housing 10% Below Fundamentals, BubbleOmics Says Must Drop 15% More / Housing-Market / US Housing
By: Andrew_Butter
From Felix Salmon today: The government does need to get the housing market going, because the alternative is unthinkable: if the government just kicked away the housing market’s multi-trillion-dollar scaffolding overnight, as Santelli suggests it should, then the entire banking system would become insolvent, and we’d soon be reminiscing wistfully about how painless and shallow the 2008 financial crisis was, compared to the one of 2011. http://seekingalpha.com/..
Thursday, August 12, 2010
First Time Buyers are Seizing the Moment Get Mortgages / Housing-Market / Mortgages
By: MoneyFacts
The First Time Buyer mortgage market has seen an increase in activity of late. Latest figures released by the Council of Mortgage Lenders have shown a 20% rise in approvals for first time buyer mortgages in June.
Moneyfacts research shows that the current average two year fixed first time buyer rate for borrowers with a 10% deposit is 6.15%, down from 6.48% six months ago.
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Tuesday, August 10, 2010
The Forgotten U.S. Housing Market Foreclosure Crisis / Housing-Market / US Housing
By: Submissions
Faiz Shakir writes: The economic meltdown of 2008 grew out of a foreclosure crisis, as Wall Street banks drove lenders to make loans that were then securitized and sold around the world, in an unregulated slew of credit products. This inflated a housing bubble that, when it burst, severely damaged an already weak economy, sent millions of homeowners into foreclosure, and put millions more out of work, leading to even more foreclosures as unemployed workers began to miss mortgage payments.
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Monday, August 09, 2010
Chinese Real Estate The Mother Of All Bubbles / Housing-Market / China Economy
By: James_Quinn
In the latest issue of The Casey Report Bud Conrad does a fantastic job analyzing the truth about Asia. Japan is a ticking demographic time bomb. The Chinese government has created the mother of all bubbles and when it pops, it will be felt around the world. The China miracle is not really a miracle. It is a debt financed bubble. Sound familiar?
Thursday, August 05, 2010
IMF Warns U.S. Real Estate Sectors Could Bring Banking Crisis 2.0 / Housing-Market / US Housing
By: Dian_L_Chu
The International Monetary Fund (IMF) stress tested 53 large banking holding companies and published its findings last month. The report concluded that despite restoration of some stability, there remain certain important risks to the U.S. financial system and economy mainly coming from the real estate sectors:
Wednesday, August 04, 2010
BubbleOmics 101: China Does Not Have a Residential Property Bubble / Housing-Market / China Economy
By: Andrew_Butter
Bubbleomics 101:
1: Fundamental Price = Demand divided by Supply (Adam Smith)
2: If not – sorry folks…the market’s not working properly (Albert Eintein?)
Tuesday, August 03, 2010
Florida's Panhandle: Supreme Real Estate Buying Opportunity / Housing-Market / US Housing
By: DailyWealth
Dr. Steve Sjuggerud writes: Greetings from Destin, Florida... Ground Zero for the Double Whammy.
I'm talking about the one-two punch of:
- The bust in Florida coastal real estate prices...
- AND the bust in tourism from the BP oil disaster in the Gulf.
Monday, August 02, 2010
Self Sustaining U.S. Housing Market Recovery? / Housing-Market / US Housing
By: James_Quinn
John Paulson Will Be Wrong This Time - We have arrived at critical juncture in the ongoing financial crisis. Have the government actions of the last year successfully spurred the animal spirits of Americans, resulting in a self-sustaining recovery? The Obama administration and most of the mainstream media would answer yes. GDP has been positive for the last four quarters. Consumer spending has increased in five consecutive months. Corporate profits have been relatively strong. The country has stopped losing jobs. The missing piece has been a housing recovery.
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Tuesday, July 27, 2010
A Decade of Falling House Prices / Housing-Market / US Housing
By: Mike_Whitney
The housing depression will last for a decade or more. This is by design. The Fed has been working with the banks to withhold inventory so prices do not fall too fast or too far. That way the banks can manage their write-downs without slipping into insolvency. But what's good for the banks is bad for the country. Capital impairment at the banks, means no credit expansion in the near-term. It means the economy will continue to contract, unemployment will remain high, and deflation will push down wages and prices. Everyone will pay for the mortgage-backed securities scam that was engineered by the banks.
Monday, July 26, 2010
U.S. Housing Market is Stalling, REITs Are Dangerous Investments Right Now / Housing-Market / US Housing
By: DailyWealth
Tom Dyson writes: "The housing market... is stalling again," says the Wall Street Journal this week.
On one hand, demand has evaporated. The government was giving out $8,000 tax credits for buying a new house. On April 30, the program ended. Naturally, anyone who wanted a house bought one before April 30. Now, there aren't any buyers.
Friday, July 23, 2010
U.S. House Price Forecast 2010 to 2015 / Housing-Market / US Housing
By: Andrew_Butter
This is the first model I ever did for a bubble popping:
Thursday, July 22, 2010
U.S. Taxpayers $3.7 Trillion Bailout Fails to Save Housing Market / Housing-Market / US Housing
By: Money_Morning
Kerri Shannon writes: The amount of taxpayer dollars directed at the Troubled Asset Relief Program (TARP) continues to grow but with little economic progress being made, particularly in the housing market.
Total taxpayer support for the mortgage market rose by $700 billion in the past year to $3.7 trillion, Neil Barofsky, the Special Inspector General for TARP, said his quarterly report to Congress.
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Wednesday, July 21, 2010
Obama’s Mortgage Assistance Plan Complete failure: More Foreclosures, Real Estate Set to Decline / Housing-Market / US Housing
By: JD_Rosendahl
WASHINGTON — More than 40 percent of homeowners seeking help from the Obama administration's flagship effort to rescue those at risk of foreclosure have dropped out of the program.
The latest report on the program suggests foreclosures could rise in the second half of the year and weaken an ailing housing market.
Wednesday, July 21, 2010
Ponzi Shark Loans Fuel China's Housing Market Bubble That's Going Bust / Housing-Market / US Housing
By: Mike_Shedlock
China's property bubble is now on the verge of collapse. Transaction volumes are significantly down and declining volume is how property bubbles always burst. In simple terms, the pool of greater fools eventually runs out.
In China's case, the pool of fools is heavily involved in "loan shark" schemes where speculators hope property values rise fast enough to cover the interest.
Tuesday, July 20, 2010
How to Get a 20% Discount on a Florida Mansion / Housing-Market / US Housing
By: DailyWealth
Steve Sjuggerud writes: For the last two months, a man has stood on the corner of the busiest intersection in the Florida beach town where I live, holding up a five-foot high placard and waving to passing motorists. He's advertising a beachfront mansion with nine bedrooms and nine bathrooms for sale at $2.2 million.
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Tuesday, July 20, 2010
Are Increased Bank Mortgage Market Margins Here to Stay? / Housing-Market / Mortgages
By: MoneyFacts
Fixed mortgage rates continue to fall as lenders try to tempt borrowers off record low variable deals.
While borrowers are benefiting from the lowest rates in seven years, lenders are continuing to take record margins.
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Thursday, July 15, 2010
FSA Proposes to Ban High Risk UK Self Certified Liar Mortgages, Housing Market Impact / Housing-Market / UK Housing
By: Nadeem_Walayat
The FSA has announced a crackdown on high risk mortgages as data shows that self certified loans still amount to over 40% of all mortgages, which is at a similar percentage level to the pre housing market crash days. Self certified mortgages as the the name suggests are mortgages where borrowers are not asked to provide proof of stated earnings and which are commonly termed as liar loans in the U.S. that led to the subprime mortgage market boom and bust.
Friday, July 02, 2010
UK House Prices, Unemployment and Claimant Count Impact Trend Analysis / Housing-Market / UK Housing
By: Nadeem_Walayat
UK unemployment is set to rise as a consequence of deep spending cuts and tax rises that target an annual £113 billion withdrawal from the economy by 2015-16, which according to the ConLib governments own figures will result in 1.3 million job losses comprising of 600k public sector and 700k private sector jobs. This analysis seeks evaluate the likely impact of unemployment trends against house price trends.
Thursday, July 01, 2010
Hooray for Falling U.S. Real Estate Prices / Housing-Market / US Housing
By: LewRockwell
Jeffrey A. Tucker writes: Pittsburgh is a town that makes me want to rhapsodize like a Randian. Its skyline, the materials and shapes that make up the structure of the city, celebrate man's creative genius in every way. It is more beautiful than the most cultivated garden because it is a picture of order out of chaos and all directed toward the betterment of society.
Thursday, July 01, 2010
U.S. Housing Market Wobbling without Tax Credit Crutch / Housing-Market / US Housing
By: Money_Morning
Don Miller writes: The housing market has struggled to rebuild since its 2007 collapse, and its recovery is on even shakier ground now that a tax credit for first-time homebuyers has expired.