Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Sunday, February 15, 2009
Are We Nearing a Housing Bear Market Bottom? / Housing-Market / US Housing
By: Money_Morning
Mike Caggeso writes: It's been a long, downslide for homeowners or anyone trying to buy a house.
But a Moody's Economy.com report, “Housing in Crisis: When Will Metro Markets Recover?”, says we could be nearing the end.
Read full article... Read full article...
Thursday, February 12, 2009
UK House Prices Crash 2009- Update / Housing-Market / UK Housing
By: Nadeem_Walayat
A cheer went up amongst housing market participants across the land as UK house prices rose by nearly 1% in January 2009 as measured by the Halifax. However the government is throwing everything including the kitchen sink at the housing market to bring about a halt to the ongoing crash in nominal terms. The amount of money printed has mushroomed from the £50 billion of April 2008. that I warned was just the tip of the ice-berg that would soon mushroom into the hundreds of billions, we are now in the process of leaving the hundreds of billions behind and moving into the trillions, sums that seriously risk the bankruptcy of Britain.Read full article... Read full article...
Thursday, February 12, 2009
UK Housing Mortgage Market Lending Crash / Housing-Market / UK Housing
By: Nadeem_Walayat
The Council of Mortgage Lenders (CML) mortgage lending data released today shows a 49% crash in the number of mortgages granted to home buyers to just 516,000 which is the lowest number since the mid 1970's property crash.
There were 32,000 house purchase loans in December, a decline of 5% from November and the lowest level since monthly records began in 2002.Read full article... Read full article...
Tuesday, February 10, 2009
The Reality Behind U.S. Housing Market Crash / Housing-Market / US Housing
By: Michael_Pento
Much has been written lately about the beginnings of a recovery in the real estate market. Just last week housing bugs (investment “bugs” are not exclusive to those who only love gold) were cheering the latest data point which they claimed as evidence the market is making a comeback.
The Pending home sales index rose 6.3%, to 87.7 from 82.5 in November. That figure was also 2.1% higher than that of December 2007 when it registered 85.9. Helping to drive the increase in pending home sales are three major factors: lower home prices, lower new home construction rates and lower mortgage rates.
Read full article... Read full article...
Sunday, February 01, 2009
Soaring Unemployment Means No U.S. Housing Market Bottom / Housing-Market / US Housing
By: Mike_Shedlock
California Association of Realtors C.A.R. Data The following chart is from my friend "TC" who has been monitoring California Association of Realtors (C.A.R.) and DQNews data. C.A.R. data contains resale single family residences and new homes. DQNews data contains resale single family residences and new homes.
Read full article... Read full article...
Thursday, January 29, 2009
Commercial Property Crash of 2009 / Housing-Market / UK Housing
By: MoneyWeek
Don't be fooled - commercial property is no bargain - They're an upbeat bunch in Southampton , it seems. The BBC took a trip down the local high street yesterday to ask shopkeepers in the town: "are you more or less optimistic about your business than 12 months ago?"
And the answer? Three-quarters of the panel were still "defiantly optimistic about business prospects for 2009".
Read full article... Read full article...
Wednesday, January 21, 2009
The True Scope of the U.S. Housing Market Bust / Housing-Market / US Housing
By: Chip_Hanlon
Below is the transcript of an interview I conducted just a few weeks ago with Fannie Mae's first Chief Credit Officer, Edward Pinto. In our conversation, Ed painted a very clear picture as to why government policies were key in blowing up the housing bubble. In the time since our last discussion, he testified in front of Congress about the true scope of the problems which face us. Read full article... Read full article...
Friday, January 16, 2009
U.S. Housing Market Panic of 2009, Buying Opportunity of a Lifetime? / Housing-Market / US Housing
By: Q1_Publishing
“Sir, there are no seats left. You're going to have to stand in the back.”
I was only 10 minutes late, but the conference hall was packed. Every seat was taken. The walls were lined with people.
Read full article... Read full article...
Tuesday, January 13, 2009
Latest Housing Market Crime and the Investment Opportunity it Offers / Housing-Market / Investing 2009
By: Oxbury_Research
For those who follow the financial news, these days of bankruptcies, suicides, foreclosures and Ponzi schemes may have inured you to an item appearing Friday that may bear further scrutiny.
How's this for the makings of an intrigue: a convicted con-man become Christian Minister accuses homebuilding giant, Lennar Corp., of fraud – something he has a modicum of experience in, having served seven years of a 25 year sentence for the same before being paroled.
Read full article... Read full article...
Thursday, January 08, 2009
Nouriel Roubini 2009 U.S. GDP Forecasting 40% Home Mortgage Failures? / Housing-Market / US Housing
By: Andrew_Butter
IF Nouriel Roubini's 2009 GDP forecast for USA is right, THEN could 40% of home mortgages fail? It's been a long time since I saw two guys so eager to lose their jobs, Hank Paulson and George Bush could hardly be held back, they were positively skipping out of the door; I wonder why? Read full article... Read full article...
Tuesday, January 06, 2009
UK Housing Market Will Not Bottom Before 2012 / Housing-Market / UK Housing
By: Andrew_Butter
Unless "Farrell's" Cycle is broken - Yesterdays News was predicting when the housing bubble would go pop; the game today is predicting the bottom.
In August it was hard to understand how the bursting bubble would affect (or infect), the economy, because thanks to the clever bean counters, information on the number and size of the naked bets was well hidden from outsiders, just as it was from as shareholders, government, and even, by the cloak of denial, from the gamblers themselves.
Read full article... Read full article...
Sunday, January 04, 2009
UK Housing Market Crash and Depression Forecast 2007 to 2012 / Housing-Market / UK Housing
By: Nadeem_Walayat
Recent house price data as released by the Halifax showed that UK house prices have plunged by more than 20% from the peak of August 2007, which has fulfilled much of the original forecast made in August 2007 for a minimum fall of 15% for the UK housing market and 25% for London, therefore this analysis seeks to project the forecast trend for UK house prices for the next 3 years into 2012.Read full article... Read full article...
Wednesday, December 31, 2008
How to get "hundreds of dollars" of Extra Cash per Month, for 30 Years / Housing-Market / Mortgages
By: Marty_Chenard
NOTE: The markets are closed tomorrow. A very Happy New Year to all of you from Cindy and I. Many pit traders will be out on Friday. Schwab gave us indications that they would be on limited staff Friday and would reroute all Friday (Jan. 2nd.) orders through the Canadian exchanges. With that said, we may either take Friday off or do an abbreviated update. Read full article... Read full article...
Sunday, December 28, 2008
Expensive Fixed Rate Mortgages Only Option Available for Many Borrowers / Housing-Market / Mortgages
By: MoneyFacts
Fixed rate mortgages now account for 69% of the market, compared to 51% this time last year.Despite a 2.61 percentage point drop in the two year swap rate between 1 October and today, the average two year fixed rate mortgage has only dropped by 0.71 percentage points.
Read full article... Read full article...
Friday, December 26, 2008
U.S. Housing Market Forecast 2009 / Housing-Market / US Housing
By: Money_and_Markets
Mark Larson writes: I don't know about you, but I had a great time watching my little girls open their presents on Christmas morning. You should have seen the smiles on their faces! I sincerely hope that you and your family are relaxing and enjoying this holiday season as much as I am.
But soon, thoughts are going to turn from relaxation to reality. Investors are going to focus once again on the wounded real estate market. And millions of homeowners and commercial property owners are going to ask that all-important question: Will 2009 be “it” — the year when things finally start turning around?
Read full article... Read full article...
Sunday, December 14, 2008
Abbey Squeezes Mortgage Payers Whilst Losing Billions to Wallstreet Fraud / Housing-Market / UK Housing
By: Nadeem_Walayat
After the British government literally handed over a blank cheque to Britain's biggest banks on the basis of promises to provide liquidity to British home owners and business, more evidence emerged that this is not happening as the Abbey's practice of sending out letters that calls on ultra small print that seeks to financially crucify home owners that during Britain's house price crash of 2007 to 2008 have increasingly fallen into negative equity. Read full article... Read full article...
Tuesday, December 09, 2008
The High Cost of Washington's Housing Market Price Manipulation Policy / Housing-Market / US Housing
By: Ayn_Rand
Want to eliminate the glut of homes? Don't give the government more power--open the borders to immigration.
For decades Washington has been manipulating prices to encourage homeownership and "steer" the economy. To "incentivize" you to buy a house, it made mortgage payments tax deductible, largely exempted homes from capital gains taxes, and created Fannie Mae and Freddie Mac. After the stock market tumbled in 2001 and 2002, Washington established a policy of artificially low interest rates that created the illusion of cheap credit; leery of the stock market, and looking for someplace else to put all this easy money, Americans began buying homes in droves.
Read full article... Read full article...
Sunday, December 07, 2008
U.S. House Prices Case Shiller CPI Analysis / Housing-Market / US Housing
By: Mike_Shedlock
This post is an update on the Case-Shiller-CPI (CS-CPI). The chart is courtesy of my friend "TC" and a brief explanation is that the Case-Chiller housing index is substituted for Owners' Equivalent Rent in the CPI. The results are compared to the BLS Government Published CPI (CPI-U called OER-CPI in the following chart).
Read full article... Read full article...
Friday, December 05, 2008
U.S. Housing Market Crash- How Far To The Bottom? / Housing-Market / US Housing
By: Mike_Shedlock
Inquiring minds have been asking for another housing update. My previous update was was on February 15,2008 in Housing Bottom Nowhere in Sight . I did not remember Bernanke's comments at the time but looking back now they sure seem funny. Read full article... Read full article...
Monday, December 01, 2008
Collapse in UK Mortgage Lending / Housing-Market / UK Housing
By: Nadeem_Walayat
The Bank of England announced that UK mortgage lending collapsed in October, falling to the second lowest figure since records began at just £459mln, down 70% on the month and only 6% of the October 2007 levels which followed the collapse of Northern Rock Bank in Sept 07. The data continues to suggest that bank lending continues to tighten despite the £500 billion bank bailout of early October.Read full article... Read full article...