Category: US Housing
The analysis published under this category are as follows.
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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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.
Tuesday, June 29, 2010
U.S. Housing Bear Market Second Down Leg Closer Look / Housing-Market / US Housing
By: John_Mauldin
Quickly, I will be on Larry Kudlow's show tonight (Tuesday, June 28), which is at 7 pm Eastern. Larry has promised that we will spend some quality time on some of the current issues facing us. See you there! And now, let's jump in to this week's Outside the Box.
Last January 2009, the Outside the Box featured FusionIQ's quant models that blend both fundamental and technical metrics to determine the strength of 8,000 equities as well as the overall markets ( Trading With the Big Boys).
Monday, June 28, 2010
We're Nowhere Near the End of the Real Estate Houisng Bear Market / Housing-Market / US Housing
By: DailyWealth
"Can I see a list of foreclosures, please?"
I was talking to a friend with close contacts in the real estate industry. He said right now, people walk into real estate agencies with only one thing on their minds: buying foreclosures.
Friday, June 25, 2010
U.S. Housing Market Shortage Coming, Now in the Best to to Buy, Inane Thoughts? / Housing-Market / US Housing
By: Mike_Shedlock
Housing bulls are coming out of the woodwork just as housing is about to collapse for the second time.
New Home Sales at Record Low
Housing sales, housing starts, and mortgage refinancings have all collapsed along with the expiration of home-buyer tax credits.
Friday, June 25, 2010
Lousy U.S. Economy Pulling Rug Out From Under Housing Market / Housing-Market / US Housing
By: Mike_Larson
Heads up, folks! It’s time for a very important housing market update from the front lines.
More than a year ago in these cyberpages, I told you that housing was stabilizing. All my indicators pointed to an improvement in conditions — less deadweight inventory on the market … increased sales rates … stabilization in pricing.
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Thursday, June 24, 2010
U.S. Home Sales Take a Big Hit / Housing-Market / US Housing
By: Mac_Slavo
For more evidence of the current deflationary trend look no further than the real estate market.
Thursday, June 24, 2010
FOMC Statement and U.S. Housing Market Post Tax Credit Fundamentals / Housing-Market / US Housing
By: Paul_L_Kasriel
FOMC Statement “… low levels of the federal funds rate for an extended period.” - No big surprises from the FOMC today. The committee's economic outlook was marginally downgraded and its financial conditions outlook was more substantially downgraded. To wit, "Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad." And, oh yes, "Bank lending has continued to contract in recent months." The fact that KC Fed President Hoenig dissented about the "extended period" language also was no surprise, but of no significance either.
Wednesday, June 23, 2010
Little Surprise in U.S. Housing Market's Dive / Housing-Market / US Housing
By: Andy_Sutton
Wall Street doubled over in anguish today as the latest numbers on existing home sales hit the news wires. I must say that I am totally confused as to why the decline was any kind of surprise, however. The mainstream press dutifully expressed every emotion from grief to even outrage as the number was reported and analyzed.
Tuesday, June 22, 2010
Here Comes the U.S. Housing Market Double Dip / Housing-Market / US Housing
By: Justice_Litle
The housing market double dip is coming... along with an unpopped Australian bubble just waiting to burst.
Remember when "safe as houses" was a legitimate expression? Now it's a bit of an ironic joke. What counts as no joke at all, however, is the chaos investors will face when the second wave of housing market turmoil hits.
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Sunday, June 20, 2010
Florida Real Estate Prices: Guess Which Direction This Chart Will Go / Housing-Market / US Housing
By: Mac_Slavo
The US real estate market all but fell off a cliff two years ago. Though there has been a very minor recovery, or rather, stabilization, in home prices, we recently pointed out that it makes sense to be gloomy.
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Wednesday, June 16, 2010
Worried About Stocks? The U.S. Housing Market Should Be Your Real Concern / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes: According to the latest reports on the U.S. housing market, the 96,400 homes hit with default notices last month were 7% less than in April and 22% less than in May 2009.
And that's not all. Foreclosure auctions were scheduled for the first time on 132,680 properties last month - 4% fewer than the month before and 16% fewer than in May a year ago, according to the Irvine, California-based RealtyTrac Inc.
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Tuesday, June 15, 2010
U.S. Housing Market Crash Next leg Down Signaled by Bulging Inventory / Housing-Market / US Housing
By: Mike_Whitney
Did the Federal Reserve collude with the big banks to hold millions of houses off the market until the Fed finished adding $1.25 trillion to the banks reserves? Did the Fed do this to make it appear that its bond purchasing plan (quantitative easing) was stabilizing prices when, in fact, it was the reduction in supply that stopped prices from plunging? It sure looks that way. This is from Bloomberg News:
Tuesday, June 01, 2010
Nothing Can Fix the U.S. Housing Market / Housing-Market / US Housing
By: Kevin_Duffey
The government could force mortgage rates across the board to 2%, it won’t matter. They can re-introduce a tax credit worth $15,000 for anyone buying a house, it still won’t matter. Don’t you get it? You can’t fix housing with artificial demand. Tell me where you can find enough buyers of homes that have money for a down payment and who can purchase a home without government incentives, and then have the job and income security to not be at risk of not being able to afford to live there.
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Saturday, May 22, 2010
U.S. Housing Market Foreclosures Menace, Woman’s Home Confiscated Over Small Water Bill / Politics / US Housing
By: Submissions
One raw day in early February, Vicki Valentine stood by helplessly as real estate investors snatched her West Baltimore home over what began with an unpaid city water bill of $362.
As snow threatened to fall, she watched a work crew hired by the new owners punch out the lock on her front door. A sheriff's deputy was on the scene while Valentine and her teenage son piled whatever they could into a borrowed car.
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Thursday, May 20, 2010
A Strategic Proposal to Combat Strategic Residential Housing Market Mortgage Defaults / Housing-Market / US Housing
By: Paul_L_Kasriel
More and more we are hearing that occupants of residential real estate with mortgages far in excess of the current market value of the real estate are choosing to default on those mortgages. It is not that they do not have the income to keep current on their principal and interest payments. Rather, they have made a calculation that it would take many years for the value of their properties to rise back to the amount outstanding on the mortgages of these properties.
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