Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Saturday, September 08, 2007
250,000 UK Fixed Rate Mortgages to Reset 3pcent Higher This Winter / Housing-Market / UK Housing
By: Nationwide
Nationwide reveals that over 250,000 borrowers will see their two year fixed rate mortgage mature between October and December 2007 and are likely to see their average monthly payments increase by around £200* per month as lenders start to charge them their standard variable rate.Read full article... Read full article...
Friday, September 07, 2007
US Housing Market Subprime Crash Too Big To Be Bailed Out / Housing-Market / Subprime Mortgage Risks
By: Peter_Schiff
Now that home mortgage defaults are spreading like wildfire from coast to coast, there is a growing sense of certainty that the government will attempt to bail out homeowners and lenders. The ideas put forward last week by President Bush may be the camel's nose pushing under the bottom of the tent. However, just as some things are too big to fail, this problem is far too big to fix.Read full article... Read full article...
Friday, September 07, 2007
Feds Starts Bailing As US Housing Market Takes On More Water! / Housing-Market / US Housing
By: Money_and_Markets
We're seeing two major developments on the housing and mortgage fronts, and I want to make sure you know about them — and what they mean.
So let's get right to it …
Development #1: Bailout Plans Are Set Into Motion
Read full article... Read full article...
Thursday, September 06, 2007
What Lies Beneath the Subprime Mortgage Credit Crunch / Housing-Market / Subprime Mortgage Risks
By: Doug_Wakefield
On September 2 nd , at the 2004 Republican National Convention, President Bush's remarked : “Thanks to our policies, homeownership in America is at an all-time high. (Applause) Tonight we set a new goal: seven million more affordable homes in the next 10 years so more American families will be able to open the door and say: Welcome to my home. (Applause)” [Italics Mine]Read full article... Read full article...
Wednesday, September 05, 2007
If You Want a Subprime Mortgage Bailout, do it Properly! / Housing-Market / Subprime Mortgage Risks
By: Axel_Merk
The administration's plan to bail out homeowners with adjustable rate mortgages (ARMs) may make them slaves of their homes. We propose an alternative that we believe better serves both homeowners and the marketplace.Read full article... Read full article...
Wednesday, September 05, 2007
Housing Bust Lessons From the Great Depression: / Housing-Market / US Housing
By: Dr_Housing_Bubble
A Letter from a former Banking President Discussing the Housing Bubble
With the incredible response we had to a personal letter from a lawyer discussing in great deal, the failures of the previous Great Depression bubble we can see many parallels emerge to our current potential future. For one, the wanton greed and disregard of financial prudence. The inability to see beyond the current market and realize that history has a mischievous way of sneaking up on those who forget her. There is no longer a debate regarding the once fabled housing bubble. We can all take off our tinfoil hats off and begin to construct a vision of the future in the midst of a collapsing housing market. Today I'll be posting an article that came out in the Saturday Evening Post in November of 1932 from a former bank president in New York, three years after the crash, highlighting the economic situation of a post bubble world. This is an old article so I retyped the important paragraphs:
Read full article... Read full article...
Tuesday, September 04, 2007
US Housing Market Crash - School of Hard Work Or Habituated Hand-Outs? / Housing-Market / US Housing
By: Brady_Willett
After signing the 'American Dream Downpayment Act of 2003' Bush added , "We want people to be fully aware of what it means to buy a home and what it takes". The contradiction, if otherwise unclear, was that the President was signing a law that gave free money to those who could not afford to buy a home, and then he planned to educate them about the hard work, savings, and planning that is required to buy a home.Read full article... Read full article...
Monday, September 03, 2007
Financial Market Turmoil Poses Risks For the Housing Market / Housing-Market / UK Housing
By: Nationwide
- House prices are unlikely to be significantly hit by market turmoil in the short term
- But dependence of UK economy on financial services poses a longer term risk
- Unexpectedly low inflation and financial market unrest has reduced the risk of a Bank Rate rise to 6%
Sunday, September 02, 2007
UK Interest Rate Rises on Subprime Mortgages and Credit / Housing-Market / Mortgages
By: MoneyFacts
BMW credit card from Amex increases rate by 7%
Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk- the money search engine comments: “The standard purchase rate of 9.9% APR made the BMW credit card from American Express a very attractive proposition, but with effect from 28 August, the rate has been hiked by seven per cent to 16.9% APR.
Friday, August 31, 2007
Subprime Mortgage Mess - Whose Fault Is it Anyway? / Housing-Market / Subprime Mortgage Risks
By: Andy_Sutton
A few weeks back I did a special edition of my radio program 'Beat the Street' during which I discussed the recent problems in the subprime mortgage markets and the credit arena in general. The broadcast lasted nearly 30 minutes and covered maybe half of what I wanted to talk about, and left unanswered was my opinion of the culprit in the subprime mortgage mess.
To really get at the answer, we have to look at, challenge and either uphold or repudiate some of our assumptions about the roles of the various players and where their motivation comes from.
Read full article... Read full article...
Friday, August 31, 2007
Subprime Mortgage Meltdown - Beware of Monopoly Money to Follow! / Housing-Market / US Debt
By: Money_and_Markets
Larry Edelson writes: The subprime mortgage meltdown and real estate collapse in this country is a mess. No doubt about it. And there are lots of lax mortgage brokers and bankers to blame.
In the months ahead you're going to see their shenanigans exposed … class action lawsuits filed by the dozens … and even some big chiefs getting hit with criminal charges and eventually jail time.
Read full article... Read full article...
Friday, August 31, 2007
US Housing Bubble Crash - The Writing is on the Wall / Housing-Market / US Housing
By: Peter_Schiff
This week, Larry Kudlow and others strongly chastised Bernanke for his failure to read the writing on the wall and urged the Fed Chairman to quickly slash the Fed Funds rate. Methinks the pundits doth protest too much. For years, Kudlow, who practically coined the term “Goldilocks economy,” has dismissed with scorn suggestions that the American economy was anything less than ragingly healthy. If our economy is really so strong, why does he call so loudly for the artificial stimulus of a significant rate cut?Read full article... Read full article...
Friday, August 31, 2007
Navigating Treacherous US Housing and Mortgage Markets / Housing-Market / US Housing
By: Money_and_Markets
Mike Larson writes:I've written a lot about the housing and mortgage crises, and what they mean to your investments. But I'd wager that many of you are homeowners with mortgages, too.
Some of you may even be trying to buy or sell residential property right now. And if you're like me, you probably know of at least one or two folks having financial troubles because of the housing crisis.
Read full article... Read full article...
Thursday, August 30, 2007
US Housing Market Crash - Subprime's New Song: The Worst Is Yet To Come / Housing-Market / US Housing
By: Submissions
Susan C. Walker of Elliott Wave International writes: Remember that catchy love song that Frank Sinatra made popular in the 1960s, "The Best Is Yet To Come"?
"The best is yet to come and, babe, won't that be fine?
You think you've seen the sun, but you ain't seen it shine."
At the risk of mixing musical metaphors and styles, it looks more like the sun has deserted us right now in the financial markets, and we're about to see "The Dark Side of the Moon," the title of Pink Floyd's 1973 smash album. With the subprime mortgage problems reaching farther and farther out to touch hedge funds, U.S. and European banks, mortgage companies and money-market funds, what we're going to experience sounds more like "The Worst is Yet To Come."
Read full article... Read full article...
Friday, August 24, 2007
There’s No Such Thing as a Free Bailout for the US Housing Market / Housing-Market / US Housing
By: Paul_L_Kasriel
PIMCO's William Gross is now calling for a fiscal policy bailout for the U.S. housing market debacle rather than a monetary policy bailout (see “Where's Waldo? Where's W?”). On the surface, Gross's arguments seem to make sense – on the surface . Gross argues that even a cut in the federal funds rate of several hundred basis points might not lower reset rates on adjustable-rate mortgages enough to prevent the massive looming foreclosures. In addition, Gross argues that such an injection of Fed-created credit could be the catalyst for a run on the dollar, which, in turn, would probably prevent 15-year or 30-year fixed rate mortgage yields from falling enough, if at all, to prevent massive foreclosures.Read full article... Read full article...
Wednesday, August 22, 2007
US Housing Market Collapse Not Correction! / Housing-Market / US Housing
By: Ned_W_Schmidt
With U.S. mortgage defaults up 90+% from a year ago, collapse of U.S. mortgage market is being felt around the world. U.S. housing starts have fallen to a ten year low, and are headed lower. Financial infrastructure that fueled this speculative bubble is being dismantled. Rate is important, but so is means of funneling money to borrowers. Mortgage financing system begins with mortgage brokers at front end. Mortgages then travel through layers of investment bankers till ultimately residing in portfolios of gullible investors around the world.Read full article... Read full article...
Wednesday, August 22, 2007
UK Housing Market Crash of 2007 - 2008 and Steps to Protect Your Wealth / Housing-Market / UK Housing
By: Nadeem_Walayat
The Credit Crunch has been hitting the UK Mortgage Sector hard as many easy credit mortgage deals have been removed from the high street shelves in recent weeks. Despite central bank actions to ease financing terms and increase liquidity, this does not address the real issues of illiquid mortgage related bonds and expectations that the UK Housing Market will slump on the back of a surge in foreclosures. Read full article... Read full article...
Saturday, August 18, 2007
Real Estate and Asset Deflation : Death of the "Sure-Thing" / Housing-Market / Deflation
By: Steve_Moyer
" The only unchangeable certainty is that nothing is certain or unchangeable ." ~ John F. Kennedy
I have two sons in college and therefore work for a living, so I'm not one of those pundits able to crank out daily or weekly market updates. Then again, the credit implosion/liquidity crisis/asset deflation scenario is so assured at this point, I feel obligated to weigh in a bit more frequently.
Read full article... Read full article...
Saturday, August 11, 2007
Mortgage Equity Withdrawal Syndrome. The Third Rail of the Housing Led Boom / Housing-Market / UK Housing
By: Dr_Housing_Bubble
Unless you've been living under a rock, it is apparent that there will be no summer bounce in housing. This comes as a grave shock to those that are entwined like a ball of yarn with the housing industry. We've created an entirely new generation of folks that think housing equity equals housing wealth. All of us have anecdotal stories of friends, family members, or ourselves tapping into home equity for vacations, consumption purchases, or using the HELOC to pay off other credit cards. The simplicity of getting money out of your home is so easy it is frightening.
Step one , you call the bank.
Wednesday, August 01, 2007
Putting Home Sellers on the Couch: The Psychology of why Sellers Refuse to Lower Prices / Housing-Market / US Housing
By: Dr_Housing_Bubble
Driving to a meeting, I tuned into a show called House Calls on a local FM talk radio station. The show centers on real estate investing and taking calls (massively prescreened) from the public. Whenever I'm in the car on a Saturday morning driving with the gorgeous California sun, I usually tune into this station to see what the media and the public are saying about the housing market. I've listened to this show for a very long time. And I can tell you that last year they were cheerleading Southern California housing like you wouldn't believe. Any caller mentioning the word “bubble” was painted as a tinfoil hat wearing bubblelista. Fast forward one year to summer 2007 and they are giving the advice of investing out of state for cash flow properties. Sounds like the strategy I've been purporting since the beginning but why mince words, these are the experts.
Read full article... Read full article...