Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Thursday, September 26, 2013
How to Buy Prime Manhattan Real Estate for Less Than $100 / Housing-Market / US Housing
By: Money_Morning
Robert Hsu writes: Unless you own a home in each of America's 20 biggest cities - or you're an economist - a 12.4% increase in the S&P/Case-Shiller Index doesn't mean much.
You can't make money from a nationwide statistic. Not in real estate...
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Thursday, September 26, 2013
No Tapering, More QE, Serious U.S. Housing Market Slowdown / Housing-Market / US Housing
By: Mike_Shedlock
With September out of the way, most economists now expect a December tapering event. Steen Jakobsen, chief economist at Saxo Bank in Denmark is not one of them.
Via email, Steen writes ...
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Wednesday, September 25, 2013
UK Housing Market Falling Buy to Let Mortgage Fixed Interest Rates / Housing-Market / Buy to Let
By: MoneyFacts
News of West Brom building society’s pending 2% rate hike for its 6,700 buy-to-let (BTL) tracker mortgage borrowers, so soon after the customer class action against the Bank of Ireland’s similar move, will make for a nervous time for the BTL tracker market and will leave many landlords searching for an escape route.
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Sunday, September 22, 2013
Sheffield House Prices Forecast, UK, Yorkshire and Humber / Housing-Market / Sheffield
By: Nadeem_Walayat
Whilst average UK house prices are rising at an annual rate of 4%, London on the other hand is trundling along at near 10% per annum, homing in on their 2007 highs, meanwhile areas such as Yorkshire and Humberside are lagging behind the national trend with average house prices rising at an annual rate of just 3% and where Sheffield, Y&H's largest city has been seized upon by both politicians and the mainstream press to make the point that house prices are only booming in London whilst cities such as Sheffield are assumed to be continuing to stagnate.
Friday, September 20, 2013
UK House Prices Forecast 2013 to Mid 2014 / Housing-Market / UK Housing
By: Nadeem_Walayat
Many housing market commentators have been busy this past week revising their house prices forecasts for 2013, such as Rightmove tripling their forecast for UK house prices from just a 2% rise to now 6% for 2013. This follows hot on the heels of the Liberal Democrats economic guru, Vince Cable warning of a potential a new UK housing market bubble as a consequence of the governments "Help to Buy" scheme.
Monday, September 16, 2013
Is the U.S. Housing Market Recovery Over? / Housing-Market / US Housing
By: Mike_Whitney
Mortgage rates are rising and the housing market is getting weaker. In May of 2013, the 30-year fixed rate mortgage was 3.59%. Today it is 4.71%, more than a full percentage point higher. That means that the payment on a $200,000 loan is 15 percent more than it would have been just two months ago. The higher rates mean that would-be homebuyers are getting less bang for their buck and might not be able to afford their dream home. It means that housing sales will fall and prices will drop. Higher rates are poison for housing.
Saturday, September 14, 2013
Ridiculous RICS Calls on Bank of England to Cap UK House Prices at 5% / Housing-Market / UK Housing
By: Nadeem_Walayat
The Royal Institution of Chartered Surveyors (RICS) has called on the Bank of England to cap house prices at 5% to prevent another house prices bubble, this is set against recent Halifax data that puts house prices rising at a rate of 4.6% per annum.
The problem with the RICS call for a 5% cap is that it implies that the Bank of England is ever competent in capping anything let alone house prices inflation, when the evidence suggests otherwise as the Bank of England has FAILED in its primary remit to target or cap CPI inflation at 2% for the past 5 years, and this during a period of economic depression i.e. the most favourable economic conditions for an inflation CAP , instead Inflation has averaged more than 60% above the Bank of England's 2% target rate at a rate of approx 3.3% per annum. Though real inflation tends to average between 1 to 1.5% above the highly suspect official rate therefore currently at between 3.7% and 4.2%, to which asset prices tend to be leveraged.
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Saturday, September 14, 2013
India Housing Market Bubble Bursts; Panic Selling Coming Next / Housing-Market / India
By: Mike_Shedlock
On August 1, in India Housing Bubble Still Expanding I posted a series of charts by Deepak Shenoy, an economic blogger at Capital Mind in India.
Those charts showed the bubble in India was alive and growing. Here is one of the charts and a small bit of commentary ....
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Friday, September 13, 2013
Army of Estate Agents Recruited for UK House Prices Boom, Election May 2014? / Housing-Market / UK Housing
By: Nadeem_Walayat
The UK's latest better than expected unemployment figures reveal that Britain's estate agency firms have been engaged in what can only be termed as 'panic hiring' as the firms ramp up operations in preparations for the return of a UK house prices boom by hiring more than 77,000 estate agents over the past year to a new record high of 562,000 estate agents, 16% more than a year ago and about 25% of ALL jobs created!
Thursday, September 12, 2013
Big Drop-Off in U.S. Mortgage Applications Spells Trouble for Housing Market Again / Housing-Market / US Housing
By: InvestmentContrarian
Sasha Cekerevac writes: Regular readers of this column are fully aware that for the past year I have been calling for higher levels of interest rates. I’ve also stated that higher interest rates will have an impact on the housing market and related stocks.
Well, now we are starting to see my forecast come to fruition, as many mortgage-lending operations are seeing the negative impact of higher interest rates on the levels of mortgage originations.
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Wednesday, September 11, 2013
UK Housing Market Final Warning - Video / Housing-Market / UK Housing
By: Nadeem_Walayat
Take this as your final warning for a UK house prices boom as those waiting on the sidelines have only a matter of weeks to act before housing market sentiment responds to prices rising at a rate of more than 10% per annum. The days of under offering for good houses in good locations is about to end.
Tuesday, September 10, 2013
Final Warning UK House Prices Boom Imminent! / Housing-Market / UK Housing
By: Nadeem_Walayat
At this very moment in time, long before the EFFECTS will become manifest in the underlying prices data, the UK housing market is fast accelerating towards a boom BEFORE the end of this year as the latest news out of the UK housing market continues to gives strong indications towards.
Friday, September 06, 2013
U.S. Housing Market Short Squeeze Shorting Opportunity / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes:Everyone knows the U.S. housing "recovery" has been resurrected on slippery ground. But now that we're finally about to slip - big time - no one sees it coming...
Then again, how could they?
The numbers are incredibly misleading...
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Wednesday, August 28, 2013
WARNING: These Housing REIT Stocks Will Crush You - Strong Sell Signal / Housing-Market / US Housing
By: Money_Morning
Robert Hsu writes: Log in to your brokerage account... Call your broker... Request a plan prospectus from your pension administrator... Jump online and review the holdings in your "target retirement" funds, ETFs, variable annuities...
Do whatever it takes to find out - today - how much exposure you have to real estate investment trusts (REITs), and mortgage REITs in particular.
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Tuesday, August 27, 2013
US and UK Soaring House Prices Bull Market Momentum - Video / Housing-Market / UK Housing
By: Nadeem_Walayat
Despite academic and mainstream press skepticism, US and UK house prices are literally starting to soar in response to government measures aimed at boosting housing market sentiment into sustainable bull market trajectories, that I expect could continue for the remainder of this decade.
Saturday, August 24, 2013
What Those Collapsing House Building Stocks is Trying to Tell Us / Housing-Market / US Housing
By: Profit_Confidential
Michael Lombardi writes:
Finally, some good news for the U.S. economy?
The National Association of Realtors (NAR) just reported July existing-home sales increased in the U.S. housing market to an annual rate of 5.39 million homes—up 17.2% from July of 2012. (Source: National Association of Realtors, August 21, 2013.)
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Saturday, August 24, 2013
U.S. Housing Market New Homes Sales Plunge 13.4% on Rising Mortgage Rates / Housing-Market / US Housing
By: Mike_Shedlock
On August 14 I penned Mortgage Applications Decline 13th Time in 15 Weeks; Are Mortgage Rates Cheap? What's Next For Housing?.
Pertinent Snips
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Monday, August 19, 2013
UK House Prices Bull Market Soaring Momentum, 10% Inflation by October? / Housing-Market / UK Housing
By: Nadeem_Walayat
Prospective U.K. home buyers who may have been persuaded by the pseudo-economists, financial / economic journalists that populate the mainstream press as to the sustainability for any rise in UK house prices will over the past few months been finding themselves in an increasingly panicky state as UK house prices have literally started to soar as illustrated by the latest data and news out of RICS that reported that house prices are now rising at their fastest pace in 7 years, with their indices giving their best readings since November 2006.
Friday, August 16, 2013
U.S. Housing Market Flipping for Profit Is Back? / Housing-Market / US Housing
By: Profit_Confidential
Michael Lombardi writes: When I turn on the TV or read a newspaper, reporters are touting how robust the U.S. housing market has once again become. Voices on the radio “sing” a similar tune. Some are saying the “rebound” in the housing market will continue for a while. Charts of home prices rising in Phoenix, Arizona and Las Vegas, Nevada are all over the media.
Thursday, August 15, 2013
U.S. House Prices Soaring, Housing Bull Market Momentum Reaches Boom Times / Housing-Market / US Housing
By: Nadeem_Walayat
Prospective U.S. Home buyers who may have been persuaded by skeptical journalists that populate the mainstream financial press of the sustainability of the rise in house prices will by now be increasingly finding themselves in an panicky state as US house prices have literally started to soar during the past few months, as illustrated by the Case Shiller house prices index for the most recent month of May showing a jump of 7% over just the past 6 months.