Category: US Housing
The analysis published under this category are as follows.
Sunday, March 11, 2007
China and the Hedge Fund Dragon - Subprime Mortgage Market continues to Implode / Housing-Market / US Housing
By: John_Mauldin
This week we look at the possible latest entry into the hedge fund world, The People's Republic of China; review the cockroach principle of subprime mortgages; and investigate the possibility of whether we need more derivatives and not less than the $283 trillion or so we now have. It's a lot to cover, but it should all be interesting.
And speaking of China, we all read the stories about the rapid growth of the economy, the increasing percentage of the growth in demand for commodities and energy that comes because of that growth, the increased trade deficit with the US, and the rapid increase in foreign reserves.
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Friday, March 09, 2007
The next wave of the US Housing Market Crash - Apartment REITs / Housing-Market / US Housing
By: Money_and_Markets
I told you about the housing sales and pricing declines before they happened …
I told you that the subprime mortgage industry would end in disaster before the stocks blew up …
And today, I want to tell you about the next major group of companies that I think are going to get hit from the housing bust. I'm talking about apartment Real Estate Invest Trusts (REITs).
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Thursday, March 08, 2007
Subprime mortgages hit Banking sector and likely to lead to further Stock Market Falls / Stock-Markets / US Housing
By: Marty_Chenard
Let's look at a 3 year picture of the S&P 500 versus the Banking Index today.
Why is it important to look at the Banking Index at this time?
The answer is, "because of mortgages, the home building industry, and a credit contraction."
First, the home building industry caved in, but our economy seemed unaffected.
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Sunday, February 25, 2007
Foreclosure USA - US Housing Bust, Debt and Democracy Lost / Politics / US Housing
By: Joel_S_Hirschhorn
We the people once owned our democracy. We elected "representatives" to run it for US. Have you noticed? Somewhere along the way we lost our democracy. It was foreclosed by wealthy and power elites that corrupted our "representatives" who literally sold us out. Our homeland was foreclosed right in plain sight. Sure, we citizens still reside in the USA, but we no longer own our democracy. We pay rent through our taxes. But we no longer have any equity. Our democracy is owned by the rich, and their partner foreign elites and governments, which is why in a strict sense it no longer is a democracy, but rather a plutocracy. Read full article... Read full article...
Saturday, February 10, 2007
US housing market - Subprime lending sector spiraling south ! / Housing-Market / US Housing
By: Money_and_Markets
ContiFinancial ... EquiCredit ... The Money Store ... Southern Pacific Funding. Maybe you've never heard of them, but they were the subprime mortgage lending stars of the mid-to-late 1990s.
They specialized in making loans to borrowers with bad credit, little or no down payments, and a host of other problems. Once they made loans, they'd sell them off to Wall Street firms and other investors, who would help package them together into bonds — a process known as “securitization.” The subprime lenders would use the proceeds to make additional mortgages, and the process would start all over again.
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Sunday, September 17, 2006
IMF Warns Housing Market could slow US GDP growth / Economics / US Housing
By: Sarah_Jones
The International Monetary Fund warned that the U.S. economy is headed for a slowdown caused by a cooling housing market, and that could drag on global growth.
The IMF revised downward its forecast for U.S. economic growth to 2.9 percent for 2007 from an estimate of 3.3 percent in April. This year, the U.S. is seen expanding 3.4 percent, the fund projected in its semiannual World Economic Outlook.
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Sunday, September 10, 2006
The Effects of a US Housing Market Crash / Housing-Market / US Housing
By: Sarah_Jones
House prices across the atlantic continue to tumble across the board, with the National Association of Realtors, reporting a price fall of 1.7 per cent last month to $225,000 (£118,000), while sales of existing homes drop 0.5% to an annual rate of 6.3 million. At the same time, ever more owners are being forced to put properties on the market as mortgage rates have steadily risen, further dimming prospects of an improvement in the short term. The total of existing homes on the market is now the highest since April 1993.
As house prices fall, there will likely be many more defaults on mortgage products, such as ARM (adjustable rate mortgages), which the US borrowers were not used to a floating interest rate instead having relied on fixed rate products, now as interest rates have risen to 5.25% from just 1% have seen a surge in foreclosures reaching some 116,000 in August, up 53% on a year ago.
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