Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Monday, January 07, 2008
US Housing Market Forecast 2008 / Housing-Market / US Housing
By: Dr_Housing_Bubble
Firstly, Dr. Housing Bubble 1 Million Visitors! 200th Housing Post. If you were to ask me in September of 2006 if I would still be blogging, the answer would have been no. From multiple estimates, there are approximately 50 million to 70 million blogs out there. It seems like there is a bubble in blogs! Many blogs do not survive past a few months because it does take commitment and a solid readership.Read full article... Read full article...
Thursday, January 03, 2008
Fed Won't Save the US Housing Market 2008 / Housing-Market / US Housing
By: Michael_Pento
Investors are anticipating that the Fed will continue its easy money policy into 2008, which is expected to relieve credit markets. As a result, the 10-year Treasury note yield has fallen to 4.02% from a high of 5.25% reached in the summer of last year. And as evidence that the fear among banks is easing, LIBOR spreads have narrowed-- although it is still well above the historical average as well as the lows seen in July of 2007. Many now believe that the Fed, in conjunction with foreign central banks, will rescue the consumer and allow the U.S. to avoid a recession.Read full article... Read full article...
Friday, December 28, 2007
UK Housing Market Movers and Shakers of 2007 / Housing-Market / UK Housing
By: Nationwide
• Almost one third of Nationwide’s survey of 30 towns and cities saw double-digit house price growth in 2007 • St Albans remains the most expensive town in the UK with an average house price of almost £350,000 • Belfast saw the fastest rate of house price growth in the UK – house prices rose by £200 a dayRead full article... Read full article...
Friday, December 28, 2007
UK House Prices Fall by 0.5% During December / Housing-Market / UK Housing
By: Nationwide
House prices fell by 0.5% in December, the second consecutive monthly decline - The average price of a UK property is £8,334 higher than a year ago
- Rate cuts will help but are unlikely to re-ignite the housing market as in 2005
Thursday, December 27, 2007
Falling US Home Prices and Frozen Interest Rates / Housing-Market / US Housing
By: Peter_Schiff
The Bush administration's mortgage rescue plan will worsen, not alleviate, the problems in the housing market.
We are suffering from a home value crisis, not simply a credit crisis. If home prices were still rising, defaults would be low, investment returns would be high, borrowers would still be cashing out equity, and lenders would be showering credit on home buyers.
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Friday, December 21, 2007
UK Commercial Properties Crash Looms as Property Investment Fund Frozen / Housing-Market / UK Housing
By: Nadeem_Walayat
Britain's fourth biggest insurer, Friends Provident froze its Property Fund on Thursday, thereby denying over 110,000 investors the ability to liquidate their investments. The property fund has an estimated value of more than £1.2 billion or $2.5 billions. The insurance company stated that investors will not be able to gain access to their funds for a period of six months due to a sharp fall in its cash reserves as investors took fright from the collapsing UK housing market, both residential and commercial.Read full article... Read full article...
Monday, December 17, 2007
UK House Prices Fall 3.2% in December - On Target for 2008 Crash / Housing-Market / UK Housing
By: Nadeem_Walayat
Rightmove survey announced a 3.2% drop in UK House price asking prices in the month from Mid November to mid December. This was the sharpest decline since rightmove's records began in 2002. The sharpest drop of 6.8% was in London with average house prices falling by a whopping £28,000 in one month.
Rightmove sited the implementation of the home information packs (HIPs) for the sharp drop. The impact of the HIPs was inline with the Market Oracle warning of 23rd November 07 - UK Housing Market to be Hit by the Big HIPs Freeze During December.
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Wednesday, December 12, 2007
Global Financial Crisis Consequence of the Biggest Housing Bust in US History / Housing-Market / Global Financial System
By: Mike_Whitney
The wreckage in the housing market just keeps piling up. Sales of existing homes in October dipped 23.5% from last year. Prices on new homes dropped 13% year over year. Third quarter foreclosures skyrocketed to 635,000, a 94% increase over last October and an all-time high on the Misery-Meter. The real estate market is in free-fall and the real trouble hasn't even begun yet.
California, Nevada, Arizona and Florida are mired in a full-blown housing depression. Inventory is off-the-chart. Presently, there's a 10.8 month backlog and the numbers are steadily rising. If foreclosures continue at the current pace, by the end of 2008, there'll be a 14 month inventory. That means that every builder in the country could take off his tool-belt right now and stop working FOR MORE THAN A YEAR before the market would clear. Contractors would be filling out job-applications at Red Lobster or looking for an empty street-corner with a tin cup.
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Monday, December 10, 2007
Fed US Interest Rate Cut Tomorrow: Too Little, Too Late / Housing-Market / US Housing
By: Money_and_Markets
Martin Weiss writes:When Dad and I gave our last seminar together, the median price of a new home in the U.S. was under $140,000.
To buy one, you had to put 20% down.
No one had heard of option mortgages, no-doc mortgages or companies like Countrywide Financial that created them.
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Sunday, December 09, 2007
US Housing Subprime Mortgage Rescue Plan Specifications / Housing-Market / US Housing
By: Money_and_Markets
Mike Larson writes: By now, you've probably heard of what I'm calling the "Paulson Plan" — a federal government proposal to ease the pain of the housing and mortgage market collapse. President Bush and Treasury Secretary Henry Paulson held press conferences to highlight the key points yesterday.
I'll be discussing it on CNN's "Open House" show this weekend [Editor's note: 9:30 A.M. Saturday on CNN and 3:30 P.M. EST Saturday and Sunday on CNN Headline News]. But first, I wanted to share my thoughts with you.
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Friday, December 07, 2007
Subprime Mortgage Bailout is the Mother of all Bad Ideas / Housing-Market / US Housing
By: Peter_Schiff
Without question, the Bush administration's mortgage rescue plan will exacerbate, not alleviate, the problems in the housing market. As the plan will sharply reduce the ability of new buyers to make purchases, it really amounts to a stay of execution and not a pardon. Read full article... Read full article...
Thursday, December 06, 2007
UK House Prices Slump 1.1% - Interest Rate Cut? / Housing-Market / UK Housing
By: Nadeem_Walayat
The UK Housing Market fell sharply in November, registering a 1.1% price drop according to Britain's biggest mortgage lender, the Halifax. The British Pound fell sharply on the news and stocks soared in anticipation of deep cuts in UK interest rates as the Housing Market has its first consecutive decline for 3 months in a row since 1995. The credit freeze is now in its 5th month with the interbank rate soaring to 6.65% increasing the chance of an interest rate cut at today's Bank of England MPC Meeting.Read full article... Read full article...
Wednesday, December 05, 2007
HOPE For the US Housing Subprime Mortgage Credit Crunch Victims / Housing-Market / US Housing
By: Adrian_Ash
"...What a difference lies between .org and .com on a website address..."
HOPE NOW is a British-based charity, founded in 1985 to spread the good news of Jesus Christ, working primarily in the former Soviet state of Ukraine .
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Wednesday, December 05, 2007
Subprime Mortgage Bailout - Paulson Vs the Free Market / Housing-Market / Subprime Mortgage Risks
By: Michael_Pento
Joining the Fed's effort to meddle with the free market is Treasury Secretary Hank Paulson and his plan to rescue the housing market. The essence of his plan is to convince the owners of sub- prime adjustable mortgage debt to freeze the interest rate resets for a period of about five years, a proposal which is supposedly only to be available to those who will become indigent once the higher rates become effective. Ostensibly, this will ameliorate the anticipated surge in mortgage foreclosures and prevent a further decline in home prices.Read full article... Read full article...
Wednesday, December 05, 2007
UK Home Owners Unable to Refinance Mortgages As Fixed Rates Expire During 2008 / Housing-Market / UK Housing
By: Nadeem_Walayat
Nearly 1.5 million homeowners fixed rate mortgages taken out during the past 3 years reset to much higher variable interest rates during 2008. Now Clive Briault of the FSA has waded in with a warning that borrowers will find it increasingly difficult to obtain further favorable refinancing due to the tightening in the credit markets as the now global bad debts credit crisis continues to unfold.Read full article... Read full article...
Wednesday, December 05, 2007
Subprime Mortgages Continue to Vanish – Where will it end? / Housing-Market / UK Housing
By: MoneyFacts
Latest research from Moneyfacts.co.uk reveals two thirds of sub prime products have vanished in the last six months. The credit crunch has virtually destroyed the sub prime buy to let market and made a significant dent in the residential market too.Read full article... Read full article...
Tuesday, December 04, 2007
FSA Warning to Mortgage Lenders To Protect Themselves Against Worsening Credit Crisis / Housing-Market / Credit Crunch
By: Sarah_Jones
The Financial Services Authority (FSA) today urged lenders to protect themselves against a possible worsening of liquidity and credit risks.
Clive Briault, FSA Retail Managing Director, told the Council of Mortgage Lenders Annual Conference: "There is a very real prospect that conditions will worsen further into next year, in terms of both liquidity and credit risks. Firms should therefore be assessing their funding and liquidity positions; undertaking robust stress testing to reflect current and prospective market conditions; reviewing and assessing their medium and longer term strategies and the options open to them; and considering contingency plans against the worst outcomes.
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Monday, December 03, 2007
US Housing Slump 2008... DEEPER, DARKER, SCARIER! / Housing-Market / US Housing
By: Dr_William_R_Swagell
The (spreading sub-prime) mortgage hole is worse than anyone saw. It is deeper, darker, scarier… (banks) are now looking at new reserves …my sense…is they don't have a clear picture of how this will play out …confidence is low.” ( Tony James, Blackstone Group.)Read full article... Read full article...
Sunday, December 02, 2007
UK Housing Slump Gains Momentum as Properties Fail to Sell at Auction / Housing-Market / UK Housing
By: Nadeem_Walayat
Home owners failing to sell properties through the traditional estate agency route are increasingly opting for the chance of a quick sale offered by Auction houses up and down Britain.
However the number of sales being achieved at auctions has plummeted, even after worried sellers rush to accept offers prior to the auction. The resulting supply overhang will result in further sharp falls in the housing market that will accumulate over the coming year as home owners price expectations are behind the housing curve and are forced to repeatedly cut prices.
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Sunday, December 02, 2007
Mortgage Arrangement Fees Double / Housing-Market / UK Housing
By: MoneyFacts
Latest Moneyfacts.co.uk research reveals the average mortgage arrangement fee has almost doubled during the last 2 years. Figures from November 2005 showed an average flat arrangement fee at £441. Today it stands at £827, with a massive 9% of prime deals now charging a percentage fee.Read full article... Read full article...