Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Friday, September 28, 2007
US Housing Decline to Continue and Commodities Prices Headed Much Higher / Housing-Market / US Housing
By: Emanuel_Balarie
This past weekend, I went into my local bookstore and saw Alan Greenspan's The Age of Turbulence prominently displayed in front of the store. When Alan Greenspan retired, just over a year ago, CNBC auctioned off a painting of the former head of the Federal Reserve, and financial pundits around the world were lauding his achievements. Unfortunately, as I read the news surrounding housing, our economy, inflation, and the dismal outlook for the US dollar, I cannot understand why most people view him as such a prominent economist.Read full article... Read full article...
Thursday, September 27, 2007
UK House Prices Appear to Shrug Off Credit Crunch in September / Housing-Market / UK Housing
By: Nationwide
House prices defied gloomy expectations and showed another gain in September
- But the trend growth of house prices is now the lowest since July 2006
- Credit conditions are now clearly tightening for leveraged borrowers
- The interest rate outlook has shifted from hawkish to dovish, which could provide some welcome relief to homeowners next year
Tuesday, September 25, 2007
UK Housing Market on Brink of Price Crash - Media Lessons from 1989! / Housing-Market / UK Housing
By: Nadeem_Walayat
The UK Housing market is teetering on the brink of a crash led by the buy to let sector investors jumping ship. But the messages coming from the major banks and UK central bank are still benign. In many ways the situation is reminiscent of the initial stages of the the early 1990's property bust, which was also accompanied by soothing statements that ignored the facts on the ground as this article will illustrate.Read full article... Read full article...
Tuesday, September 25, 2007
Global Housing Markets Burst As Risk is Being Repriced - Fingers of Instability, Part 7 / Housing-Market / Liquidity Bubble
By: Ty_Andros
In This Issue – 6 Fingers
- Federal Reserve and G7 Central Banks See The “FACE OF GOD”
- Unintended Consequences
- The 11% Solution, aka “Locusts”
- Under The Stealth of The Headlines!
- China and The Dollar!
- Important Conclusions
What's unfolding in the world of finance and economics is extremely interesting. As financial authorities try and contain the growing financial turmoil, illusions abound and thus confusion reins supreme. Confusion and uncertainty are the markets' worst enemy. This week we witnessed many things which have occurred very rarely in history and the response to them set in motion a game of dominoes which will be interesting to watch unfold. The “Fingers of Instability” are cascading through the financial system and where they ultimately leave us is at an opportunity of epic proportions.
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Thursday, September 13, 2007
UK House Price Fall Signals Start of Housing Market Crash / Housing-Market / UK Housing
By: Nadeem_Walayat
UK House prices fell in August, which is for the first fall in prices since 2005. The Royal Institution of Chartered Surveyors (RICS) stated that this was the first fall since October 2005, which coincided with a temporary lull in the UK interest rates raising cycle during 2005. Since which time UK interest rates have increased by a further 1.25%, and mortgage interest rates much further.Read full article... Read full article...
Tuesday, September 11, 2007
Housing and Credit Bubbles - Why the Fed is Such a Lousy Wizard of Oz / Housing-Market / Liquidity Bubble
By: EWI
Susan C. Walker of Elliott Wave International write: Central bankers who "follow the yellow brick road" end up in Jackson Hole, Wyoming, every Labor Day weekend for their annual symposium sponsored by – who else? – the Kansas City Fed. (Who can forget Judy Garland saying to her little dog, "Toto, I've got a feeling we're not in Kansas anymore," in the 1939 movie, The Wizard of Oz ?)Read full article... Read full article...
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
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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:
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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.
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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.
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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.
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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."
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