Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Wednesday, July 29, 2009
Emails from Housing Hypocrites about Ethics of Walking Away from Debt / Housing-Market / US Housing
By: Mike_Shedlock
In Preemptive Defaults I discussed how consumers "trapped in a whirlpool of debt, interest payments, and fees spiraling out of control, finally see the light of preemptive defaults and elect to walk away".
Friday, July 24, 2009
U.S. Housing Market Crash Real Story as Home Vacancies Hit 19 Million / Housing-Market / US Housing
By: Mike_Shedlock
Bloomberg is reporting U.S. Home Vacancies Hit 18.7 Million on Bank Seizures.
Thursday, July 23, 2009
A Warning from Spain About the House Price Crash / Housing-Market / Spain
By: MoneyWeek
David Stevenson writes: Almost every day, it seems, someone else wants to tell us the housing market's picking up.
On Tuesday, even the taxman had a go. Apparently the number of British homes sold (for more than £40,000) was up 15% in June compared with May.
Read full article... Read full article...
Wednesday, July 22, 2009
Bernanke Terrified by Commercial Real Estate Market Crash / Housing-Market / US Housing
By: Mike_Shedlock
When a member of the Fed admits a problem, especially chairman Bernanke, you can rest assured the problem is far worse than what they admit.
Wednesday, July 22, 2009
Commercial Real Estate Trend Accelerates To Downside / Housing-Market / US Housing
By: Mike_Shedlock
The commercial real estate bust is now in full swing as Moody's Commercial Real Estate Scorecard Accelerates To Downside.
Tuesday, July 21, 2009
Mortgage Lenders Desert Long Term Fixed Rate Mortgages / Housing-Market / Mortgages
By: MoneyFacts
This week sees Manchester BS withdrawing its 30 year fixed rate mortgage, meaning that borrowers can no longer fix their mortgage repayments for more than 15 years.Read full article... Read full article...
Friday, July 17, 2009
The Seven Immutable Laws of Bubbles: Example, Housing Markets in USA, UK & Dubai / Housing-Market / Liquidity Bubble
By: Andrew_Butter
The cycle of bubble and bust in housing is drawing to a close. For many the ferocity of the bust and the collateral damage that followed was a shock, but bubbles and busts are not new; chances are there will be more.
I got interested in bubbles in early 2008 trying to figure out why my model of real estate prices that had worked perfectly for ten years was saying that prices in Dubai which is where I was at the time, "should" have been 30% less than where they were.
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Thursday, July 16, 2009
U.S. Housing Market Foreclosures Hit Record 1.5 Million / Housing-Market / US Housing
By: Mike_Shedlock
The grim but not unexpected housing data shows U.S. Foreclosure Filings Hit Record 1.5 Million in First Half.
Wednesday, July 15, 2009
Peak to Trough Case Shiller and CAR Home Price Declines / Housing-Market / US Housing
By: Mike_Shedlock
The following charts were produced by my friend "TC" who has been monitoring California Association of Realtors (CAR) data, DQNews data, and Case-Shiller Data. Although individual cities topped at varying times, the top-10 and top-20 cities peaked in a June-July 2006 timeframe.
Tuesday, July 14, 2009
Worlds Tallest Building, Burj Dubai Final Height Fails to Meet 900 meter Target / Housing-Market / Middle East
By: Pravda
Burj Dubai, the tallest building in the world, will be opened in United Arab Emirates in December of this year with a three-month delay, The National newspaper wrote with reference to Emaar Properties, the company that builds the tower.
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Monday, July 13, 2009
U.S. Housing Update - How Far To The Bottom? / Housing-Market / US Housing
By: Mike_Shedlock
Inquiring minds have been asking for another housing update.
Using the Japan Nationwide Land Prices model as my guide, here is how I have called things in real time.
Thursday, July 09, 2009
Nationwide Responds to Criticism of 125% LTV Mortgage Lending / Housing-Market / Mortgages
By: Nationwide
As a responsible lender which aims to support its borrowers Nationwide has responded to market conditions and made an option available which enables some existing customers in negative equity to move home. This is not available to new customers. The maximum LTV for existing customers taking a new deal at Nationwide remains at 95%.
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Thursday, July 09, 2009
Lunatics at Nationwide Offer 125% LTV Mortgage as if the Housing Crash Never Happened / Housing-Market / UK Housing
By: Nadeem_Walayat
The Nationwide as if the financial crisis never happened, as if the housing market had not crashed, as if the tax payers had not been forced to bail out bankrupt bank after bankrupt bank have seized the moment to grab the headlines by announcing a 125% LTV mortgage reminiscence of the pre-crash housing bubble mania days.
Friday, July 03, 2009
U.S. Housing Market Recovery Process Outlook / Housing-Market / US Housing
By: Money_and_Markets
Mike Larson writes: Every few months, I feel it’s my duty to let you know the latest about what’s going on in housing. There is simply so much off-the-wall blather, bogus data, and downright misinformation out there that if I don’t cut through it, I don’t know who the heck will!
Thursday, July 02, 2009
U.S. Housing Market Blast From the Past / Housing-Market / US Housing
By: Mike_Stathis
Real Estate Then and Now - I thought I’d take a look at where we are currently in real estate versus what I predicted a few years ago for those of you who never read either of my books.
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.
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Tuesday, June 30, 2009
Summer Sun Shines on Rising UK House Prices in June / Housing-Market / UK Housing
By: Nationwide
- House prices rose by 0.9% in June
- Three month rate of change turns positive for first time since December 2007
- Low supply supporting prices for now, but a sustained recovery still faces risks
Monday, June 29, 2009
UK Average Fixed Rate Mortgage Interest Rate Hits 6.00% / Housing-Market / Mortgages
By: MoneyFacts
The rising cost of fixed rate mortgages continues as the average five year fixed rate mortgage today hits 6.00%, the highest level since 22 December 2008.
In the last month the average five year fixed has increased by 0.43%, while the average two year fixed has increased by 0.41% to 5.08%.
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.