Category: US Housing
The analysis published under this category are as follows.
Wednesday, July 01, 2009
U.S. Housing Market Deteriorates as Foreclosures Soar / Housing-Market / US Housing
By: Mike_Shedlock
The Office of the Comptroller of the Currency says Delinquencies Double on Least-Risky Loans.
Read full article... Read full article...Delinquency rates on the least-risky mortgages more than doubled in the first quarter from a year earlier as U.S. efforts to help homeowners failed to keep pace with job losses that pushed more borrowers toward foreclosure.
Tuesday, June 30, 2009
U.S. House Prices Have Bottomed / Housing-Market / US Housing
By: Uncommon_Wisdom
Larry Edelson writes: I just arrived at my condo in Bangkok, Thailand — my home away from home — where I’ll be working out of for the next four or five months. Expect me to cover lots of ground as I report from the front lines about the myriad profit opportunities that are popping up in Asia.
I’ll also give you an update on the latest developments in U.S. stocks … the dollar … gold … and oil.
Read full article... Read full article...
Tuesday, June 16, 2009
How Does an Excess Supply of Houses Get Remedied? / Housing-Market / US Housing
By: Paul_L_Kasriel
By allowing prices to fall and by cutting production. This remedy applies to everything from hods to houses. It is well documented that the prices of houses have plummeted. What may be less well known is that newly-started production of single-family homes has come back into equilibrium with the sales of new single-family homes - at least through April.
Sunday, June 14, 2009
U.S. Housing Market Crash, "I'm Trapped In My House" / Housing-Market / US Housing
By: Mike_Shedlock
In response to Median Home Prices In Detroit Fall To $6,000 I received the following from "GD" who feels literally trapped in his house.
Saturday, June 13, 2009
Median U.S. House Prices Crash To $6,000 in Detroit / Housing-Market / US Housing
By: Mike_Shedlock
A few years ago, after my dad passed away, we sold his Danville, Illinois house for the grand total of $14,000 which was then split among 4 siblings. Friends where I live now cannot ,fathom a house selling for $14,000.
Thursday, June 11, 2009
U.S. Mortgage Market Remains Solidly Frozen / Housing-Market / US Housing
By: Mike_Shedlock
On May 28 I wrote Mortgage Market Locks Up. Ten year treasury yields started to soar and 30 year mortgages for good borrowers jumped a full point from 4.5% to 5.5%.
Wednesday, June 10, 2009
Which Housing Mortgage Applications are More Important, Refinance or Purchases? / Housing-Market / US Housing
By: Paul_L_Kasriel
As Chart 1 shows, mortgage applications for refinancing purposes have plummeted in recent weeks as applications for purchases appear to have bottomed and entered a very mild uptrend. With regard to aggregate demand, which category of applications - refis or purchases - should we get more excited about? For my money, purchases. Why? If a refi because of lower mortgage rates does not involve the cashing out of equity, the net effect is simply a redistribution of spendable income from ultimate lenders to ultimate borrowers. Yes, with the lower mortgage rate, the borrower now has lower monthly payments and, thus, more left over for the purchases of goods and services.
Wednesday, June 10, 2009
Has the U.S. Housing Market Made a Bottom? / Housing-Market / US Housing
By: Hans_Wagner
Listening to the news and reading the headlines would make you believe the economy is recovering and the good times will come in the not to distant future. After all home sales rose 0.3% in April and all those green shoots are sprouting. Many analysts are stating we have seen the bottom in housing. That would be good news indeed. For housing was the major culprit of the latest recession. However, a look at the detail does not indicate a bottom is here yet.
Sunday, May 31, 2009
U.S. Housing Mortgage Market Meltdown, More Pain To Come / Housing-Market / US Housing
By: Mike_Shedlock
T2 Partners has a phenomenal series of charts on the housing crisis stating Why There Is More Pain To Come.
The report is 69 pages almost all of them loaded with charts. I took a liberal selection below, adding plenty of comments, but please take a look at the original article for many additional charts. All charts below are from the article. Quotes from the article in italics. My comments are in plain text.
Sunday, May 31, 2009
U.S. Housing Bust, More Prime Mortgage Foreclosures; More Re-Defaults / Housing-Market / US Housing
By: Mike_Shedlock
John Mauldin has another interesting weekly letter called This Way There Be Dragons. Here's a look at the section on housing. Emphasis mine.
Saturday, May 30, 2009
No U.S. Housing Bear Market Bottom Until 2011 / Housing-Market / US Housing
By: John_Mauldin
This Way Be Dragons
A Housing Update
More Prime Foreclosures In Our Future
Are We Paying Too Much for Health Care?
In fantasy novels the intrepid heroes come across a sign saying "This Way Be Dragons." Of course, they venture on, facing calamity and death, but such is the nature of fantasy novels. We live in a very real world, and if we don't turn around there will be some very nasty dragons in our future. This week we look at three possible paths we can lead the world down. We then review a number of charts and data on the housing market.
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Thursday, May 28, 2009
U.S. Housing Bust: The Epic Garage Sale of America Is Under Way / Housing-Market / US Housing
By: Graham_Summers
“Everyone’s furious at him” - In the last 18 months, the topics under discussion at my local café have shifted genres from comedy to horror. I know the CNBC news anchors are high-fiving over the alleged jump in consumer confidence. But if you judge sentiment based on un-massaged data points like the conversations in the café down the street, things aren’t improving.
Friday, May 22, 2009
U.S. Housing Markets Big Picture Isn't Pretty / Housing-Market / US Housing
By: Peter_Schiff
While economists and real estate investors "celebrate" the slight deceleration in the pace of home price declines in the recent data, a quick look at home price trajectories over the past 100 and 50 years reveals little to cheer about and much to be feared.
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Wednesday, May 20, 2009
History Will Show That Alan Greenspan Was Responsible for the U.S. Housing Market Bubble / Housing-Market / US Housing
By: Money_Morning
Back during the U.S. invasion of Iraq, when the U.S. government issued its now-famous deck of playing cards featuring pictures of the 52 arch villains of the Iraqi police state, Saddam Hussein's face adorned the Ace of Spades. If the Barack Obama administration wanted to engage in a similar public relations campaign - this time with a focus on the U.S. real estate crisis - that top card should be reserved for former Federal Reserve Chairman Alan Greenspan. Read full article... Read full article...
Friday, May 15, 2009
Bubble Blower Greenspan Continues to Denie Responsbility for U.S. Housing Bust / Politics / US Housing
By: Peter_Schiff
When, during the invasion of Iraq, the United States Government issued its famous deck of playing cards with the 52 arch villains of the Iraqi police state, Saddam Hussein's face adorned the Ace of Spades. If the Obama Administration wanted to engage in a similar public relations campaign for the real estate crisis, the top card should be reserved for Alan Greenspan.
Wednesday, May 13, 2009
U.S. Real Estate Investing, Why It's Time to Buy REITs / Housing-Market / US Housing
By: DailyWealth
Porter Stansberry writes: Just a few weeks ago, I introduced my new theory of "The Great Re-Leveraging" to readers of my investment advisory. What is the Great Re-Leveraging? And how is it going to hand investors 60% in the next six months?
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Wednesday, May 13, 2009
U.S. Housing Market Driven by Super Sizing Baby Boomers Now Going Bust / Housing-Market / US Housing
By: James_Quinn
Beneath the finely groomed blissful suburban façade of America lurk desperation, denial, hypocrisy, and anger. The kids of suburbia today have an entirely different reality than the suburbs I grew up in during the 1970’s. The Ozzie & Harriet idealized version of suburbia from the 1950’s has degenerated to the Green Day nightmare vision of today. The suburbs have mansion-like homes with spotless interiors, entertainment centers, three car garages, manicured lawns, and no soul. The children of suburbia have been brought up on soda pop and Ritalin.
Friday, May 08, 2009
The Nexus of the Real Estate Crash is Shifting to Commercial Properties / Housing-Market / US Housing
By: Money_and_Markets
If you’ve been reading my stuff for the past few years, then you’ve been ahead of the real estate pack every step of the way.
I warned you well in advance that the housing market would implode … that the mortgage industry would collapse … and that virtually any stock exposed to building, construction, banking, or finance would suffer immense collateral damage.
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Friday, May 01, 2009
U.S. House Prices Measured in Gold / Housing-Market / US Housing
By: Adrian_Ash
The broad sweep in housing-gold ratios is just as broad and as sweeping as both gold bulls and bears might hope...
"I WOULD LIKE to see a similar study using US housing market data," asks a note after BullionVault's recent chart of UK house-prices in gold.
Read full article... Read full article...
Wednesday, April 29, 2009
Foreclosure Prevention Bill Shields Mortgage Lenders From Fraud / Housing-Market / US Housing
By: Mike_Shedlock
Inquiring minds are investigating provisions of a foreclosure prevention plan working its way through Congress. The plan throws away more taxpayer money while shielding servicers from misconduct. In other words, the bill does exactly what one might expect from this Congress and this administration. Please consider the Washington Post article Foreclosure Prevention Plan Expanded to 2nd Mortgages.