Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Friday, March 20, 2009
FSA to Regulate UK House Prices Lower / Housing-Market / UK Housing
By: Nadeem_Walayat
The FSA has proposed changes to limit the amount of money people can borrow for house purchases which includes minimum deposits of as much as 15% of the value of the property as part of the Chairman of the FSA, Lord Turners review into the banking crisis. The aim of the review is to put an end to the high risk mortgages that at the height of the housing boom had the likes of the now nationalised Northern Rock bank allowing mortgages of upto 125% of the value of property, far in excess of the X3.5 safe salary multiple which witnessed self certification mortgages of as much as X10 salaries with the accepted norm of more than X5 salaries. Read full article... Read full article...
Tuesday, March 17, 2009
Pretcher Presents Analysis to the Government on the U.S. Housing Market Crash- Video / Housing-Market / US Housing
By: EWI
I want to share with you a FREE 30-minute video that might just change the way you think about government's response to the unfolding financial crisis. Please learn more below or get access to the video now . Read full article... Read full article...
Thursday, March 12, 2009
Sedona House Prices, Timothy Geithner, and Toxic Assets / Housing-Market / US Housing
By: Kevin_Geary
I was shocked to see the latest issue of the local Sedona newspaper today. I decided to glance at the classified section of houses for sale, and the prices have fallen so much since I last paid any attention to it that I found it difficult to believe. For instance, there's a 2,400 sq.ft. home with 3 bds, 2 bths, with views, on a 1/4 acre, with a pool and a hot tub, here, in the Village of Oak Creek, near where I live, and it's offered for sale at only $339,000! Back in 2003, we sold our house for $275,000 and our house was only 1,820 sq.ft. and has no pool or hot tub! If that $339,000 price was to be translated into the value of our house, I think our house would now be worth less than what the current owners paid nearly 5 1/2 years ago, at the very beginning of the boom here (Nov. 2003). There are other houses with incredibly low prices as well, but the 2,400 sq.ft. one really stood out to me!Read full article... Read full article...
Thursday, March 12, 2009
Telegraph Runs with Improbable UK House Price Crash Forecast of Another 55% / Housing-Market / UK Housing
By: Nadeem_Walayat
The mainstream press as illustrated by The Telegraph has run with a house price forecast by Numis Securities (NS) that states that UK house prices could fall by a further whopping 55%, that is a rather incredible forecast to make in light of the of 22% fall to date. NS states that a buy to let investor panic will trigger an avalanche of further selling. I am not aware of Numis Securities past forecasts, however analysis of the perma-bear Capital Economics that has consistently been cropping up with bearish house price forecasts since at least 2002 in the mainstream media illustrated the propensity to reprint press releases with-out checking the facts as to whether the forecast is actually probable or not. Read full article... Read full article...
Wednesday, March 11, 2009
Why UK House Prices Crash is Set to Continue / Housing-Market / UK Housing
By: MoneyWeek
I am detecting a certain amount of bullishness in the housing market of late. A number of people with cash are talking about "buying later this year", or "taking advantage of these low rates". Read full article... Read full article...
Sunday, March 08, 2009
Dubai Property Market Crash / Housing-Market / Middle East
By: Nadeem_Walayat
Whilst the US housing market crash enters into its third year with house prices down approaching 30%, and the UK house price crash fast approaching its second anniversary this August with average prices lower by more than 22%. The developing worlds housing bubbles have only more recently started to pop, especially following last Septembers financial markets crash in the aftermath of the Lehman Brothers bankruptcy. Read full article... Read full article...
Friday, March 06, 2009
Obama's Mortgage Plan Fails to Address Housing Market Crisis / Housing-Market / US Housing
By: Money_and_Markets
This week, the Obama administration released the details of how its expanded refinance and mortgage modification programs will work. I've combed through the details. And the view I shared with you two weeks ago in my Money and Markets column remains the same: There's some good, some bad — and one glaring flaw … Read full article... Read full article...
Friday, March 06, 2009
Housing Market House Price Deflation / Housing-Market / Deflation
By: Adrian_Ash
"Any house bought for 'No Money Down' should become a no money home, a free gift to the debtor. How's that for putting a floor under prices...?"
REMEMBER the great hope for Hope Now...?
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Tuesday, February 24, 2009
UK Repossessions Hit 40,000 as Housing Mortgage Meltdown Continues / Housing-Market / UK Housing
By: Nadeem_Walayat
The Council of Mortgage Lenders reports 40,000 repossessions for 2008. My original forecast for 2008 was for some 75,000 repossessions therefore 40,000 for 2008 is a surprisingly much lower figure than expected with possible reasons as follows: Read full article... Read full article...
Tuesday, February 24, 2009
China's Commercial Property Market Crash / Housing-Market / China Economy
By: Mike_Shedlock
Inquiring minds are reading Beijing's Olympic building boom becomes a bust.
Reporting from Beijing -- "Empty," says Jack Rodman, an expert in distressed real estate, as he points from the window of his 40th-floor office toward a silver-skinned prism rising out of the Beijing skyline.
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Saturday, February 21, 2009
Commercial Real Estate Closing Shop? / Housing-Market / US Housing
By: David_Haas
As most of us who carefully follow the macro-economic picture know quite well - there is a certain logical “order” to things and that order has been accurately anticipated by some of us for a very long time. One of the things that's been looming dark-and-large on the economic horizon is the impending and apparently unstoppable hurricane that's about to hit the commercial real estate markets. Read full article... Read full article...
Friday, February 20, 2009
Obama's U.S. Housing Market Mortgage Bailout Plan Analysis / Housing-Market / US Housing
By: Money_and_Markets
Mike Larson writes: Hardly a day goes by without another government bailout plan, and this week was no different. In Arizona on Wednesday, President Obama rolled out a plan designed to reduce foreclosures.
The multipronged plan has several moving parts. Since it could have an impact on both your personal finances — and your investing strategy — I want to give you some straight talk on it right here in Money and Markets .
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Sunday, February 15, 2009
Are We Nearing a Housing Bear Market Bottom? / Housing-Market / US Housing
By: Money_Morning
Mike Caggeso writes: It's been a long, downslide for homeowners or anyone trying to buy a house.
But a Moody's Economy.com report, “Housing in Crisis: When Will Metro Markets Recover?”, says we could be nearing the end.
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Thursday, February 12, 2009
UK House Prices Crash 2009- Update / Housing-Market / UK Housing
By: Nadeem_Walayat
A cheer went up amongst housing market participants across the land as UK house prices rose by nearly 1% in January 2009 as measured by the Halifax. However the government is throwing everything including the kitchen sink at the housing market to bring about a halt to the ongoing crash in nominal terms. The amount of money printed has mushroomed from the £50 billion of April 2008. that I warned was just the tip of the ice-berg that would soon mushroom into the hundreds of billions, we are now in the process of leaving the hundreds of billions behind and moving into the trillions, sums that seriously risk the bankruptcy of Britain.Read full article... Read full article...
Thursday, February 12, 2009
UK Housing Mortgage Market Lending Crash / Housing-Market / UK Housing
By: Nadeem_Walayat
The Council of Mortgage Lenders (CML) mortgage lending data released today shows a 49% crash in the number of mortgages granted to home buyers to just 516,000 which is the lowest number since the mid 1970's property crash.
There were 32,000 house purchase loans in December, a decline of 5% from November and the lowest level since monthly records began in 2002.Read full article... Read full article...
Tuesday, February 10, 2009
The Reality Behind U.S. Housing Market Crash / Housing-Market / US Housing
By: Michael_Pento
Much has been written lately about the beginnings of a recovery in the real estate market. Just last week housing bugs (investment “bugs” are not exclusive to those who only love gold) were cheering the latest data point which they claimed as evidence the market is making a comeback.
The Pending home sales index rose 6.3%, to 87.7 from 82.5 in November. That figure was also 2.1% higher than that of December 2007 when it registered 85.9. Helping to drive the increase in pending home sales are three major factors: lower home prices, lower new home construction rates and lower mortgage rates.
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Sunday, February 01, 2009
Soaring Unemployment Means No U.S. Housing Market Bottom / Housing-Market / US Housing
By: Mike_Shedlock
California Association of Realtors C.A.R. Data The following chart is from my friend "TC" who has been monitoring California Association of Realtors (C.A.R.) and DQNews data. C.A.R. data contains resale single family residences and new homes. DQNews data contains resale single family residences and new homes.
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Thursday, January 29, 2009
Commercial Property Crash of 2009 / Housing-Market / UK Housing
By: MoneyWeek
Don't be fooled - commercial property is no bargain - They're an upbeat bunch in Southampton , it seems. The BBC took a trip down the local high street yesterday to ask shopkeepers in the town: "are you more or less optimistic about your business than 12 months ago?"
And the answer? Three-quarters of the panel were still "defiantly optimistic about business prospects for 2009".
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Wednesday, January 21, 2009
The True Scope of the U.S. Housing Market Bust / Housing-Market / US Housing
By: Chip_Hanlon
Below is the transcript of an interview I conducted just a few weeks ago with Fannie Mae's first Chief Credit Officer, Edward Pinto. In our conversation, Ed painted a very clear picture as to why government policies were key in blowing up the housing bubble. In the time since our last discussion, he testified in front of Congress about the true scope of the problems which face us. Read full article... Read full article...
Friday, January 16, 2009
U.S. Housing Market Panic of 2009, Buying Opportunity of a Lifetime? / Housing-Market / US Housing
By: Q1_Publishing
“Sir, there are no seats left. You're going to have to stand in the back.”
I was only 10 minutes late, but the conference hall was packed. Every seat was taken. The walls were lined with people.
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