Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
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.
Monday, August 12, 2013
Sudden 25% Crash in Homebuilder Stock Prices / Housing-Market / Housing Stocks
By: Profit_Confidential
Michael Lombardi writes:
Homebuilder stocks are heading into dangerous territory and investors need to take note—even if they don’t own these stocks—because the move to the downside for this barometer of activity in the U.S. housing market is significant.
The most important factor that sets the fate of the homebuilder stocks is the housing market. If the housing market has growth potential ahead, then you can bet on homebuilder stocks to provide a stunning performance to the upside. If it’s the opposite scenario, with the housing market looking shaky, then homebuilder stocks usually tank. In other words, homebuilder stocks are very fickle, but they are also a great indicator of future activity in the housing market.
Friday, August 09, 2013
Why Millions of Americans are Still "Trapped" in Their Homes / Housing-Market / US Housing
By: Money_Morning
Gary Gately writes: For millions of Americans who were underwater on their mortgages, the tide is finally receding.
That's good news for the housing market, of course, and for the U.S. economy as a whole, as housing is a major engine of the economy.
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Saturday, August 03, 2013
Deflating Mini U.S. Housing Bubble May Be Economy’s Next Problem / Housing-Market / US Housing
By: Sy_Harding
The housing and automobile industries are the main driving forces of the economy - in both directions. That makes sense since consumer spending accounts for 70% of the economy, and homes and cars are the biggest ticket items consumers spend money on. More importantly, unlike most purchases, it’s not just spending the money they made last week, but through loans and mortgages it’s spending in advance money they will earn for the next five to thirty years.
Friday, August 02, 2013
Is the U.S. Home Mortgage Interest Deduction Worth Keeping? / Housing-Market / US Housing
By: Money_Morning
Garrett Baldwin: Don't Just Cut the Mortgage Deduction... Cut All Deductions and Lower Taxes
If home ownership is the American Dream... then why do we need government to subsidize it?
The home mortgage interest deduction (HMID) is a lopsided tool of economic alchemy that favors the rich, and artificially increases housing prices due to the "stimulus" it creates.
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Thursday, August 01, 2013
Detroit Broke City / Housing-Market / US Housing
By: Peter_Schiff
It should come as no surprise that the lessons that should be learned from the bankruptcy of Detroit, a city that once stood as the shining example of America's industrial might, are being ignored by the American political establishment and its allies in the docile press corps. While the death spiral of the Motor City may be extreme in relation to conditions throughout the country, it is a difference of degree rather than design. In truth, Detroit is our canary in the coal mine. It is succumbing to the same combination of productive decay, government mismanagement, and unmanageable debt that is crushing the rest of us. But as the most sub-prime of all major American cities, the symptoms that are infecting all of us have first become fatal in Detroit.
Tuesday, July 30, 2013
U.S. Housing Market Recovery in Jeopardy / Housing-Market / US Housing
By: Michael_Pento
A major determinant for U.S. GDP growth is the state of the real estate sector. The construction of new homes contains only small section of the total picture. New appliance purchases and home furnishings go hand in hand with all the ancillary employment surrounding the housing market. Real Estate brokers, banking and legal functions are all necessary to support the buying and selling of new and existing houses. Most importantly, rising real estate prices increase the net worth of consumers, which in turn boosts credit creation, consumption and economic activity. These points were overlooked back in 2007; and the major reason why nearly everyone on Wall Street and in Washington was blindsided by from the fallout of collapsing real estate prices.
Tuesday, July 30, 2013
What Your Not Hearing About China’s Subprime Housing Mortgage Crisis / Housing-Market / China Housing Market
By: Money_Morning
China is the world's second-largest economy, a simple fact that underscores the importance of its financial health to investors worldwide.
And unfortunately, thanks to China's subprime crisis, it's not doing as well as we're led to believe.
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Monday, July 29, 2013
Why the Housing Market Recovery is Bypassing Young Buyers / Housing-Market / US Housing
By: Money_Morning
Gary Gately writes: Think of the housing market as a ladder with first-time homebuyers at the bottom and homeowners on the upper rungs, with homes priced higher as you proceed upward.
The first-time homebuyers make it possible for those in the lower-priced homes to sell and move up to costlier homes, which in turn enables the sellers of those homes to move up to costlier homes - and so on.
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Sunday, July 28, 2013
Declare Detroit a Free City, Give Free Markets a Chance / Housing-Market / US Housing
By: MISES
Patrick Barron writes: We who advocate the free market as the sure path to peace and prosperity often hear that the US economy has to get much, much worse before any real reforms will be allowed. Why must we continue to wait before taking serious action to throttle back parasitic government? A common response is that we need to wait until things are so bad that no one will be able to deny that government is the problem and not the answer. Then even died-in-the-wool socialists will give the free market a chance.
Saturday, July 27, 2013
Return of the U.S. Housing Market Bust / Housing-Market / US Housing
By: Graham_Summers
Anyone who believes that housing is back in a big way needs to take a look at homebuilder stocks.
Here’s DR Horton (DHI) which is down over 30% from its recent highs.
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Friday, July 26, 2013
How Higher U.S. Mortgage Interest Rates Will Impact on Housing Market / Housing-Market / US Housing
By: Money_Morning
Gary Gately writes: Where will higher mortgage rates raise monthly mortgage payments most?
These three charts from the real estate site Zillow.com depict how higher mortgage rates will affect monthly mortgage payments in different markets throughout the United States.
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Tuesday, July 23, 2013
How Higher Mortgage Interest Rates Will Dent U.S. Housing Market Recovery / Housing-Market / US Housing
By: Money_Morning
Gary Gately writes: How much do higher mortgage rates reduce home sales?
That, of course, depends on how much rates rise and whom you ask. But there's no doubt higher mortgage rates hurt sales, experts say.
Interest rates have been climbing since May. Rates on 30-year, fixed-rate mortgages averaged 4.37% for the week ending July 18, Freddie Mac's weekly survey of conforming mortgage rates said. That's up more than a percentage point from early May.
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Saturday, July 20, 2013
Sheffield City Council Selective Licensing New 25% Landlord Tax to Trigger House Prices Drop? / Housing-Market / Sheffield
By: N_Walayat
Many of Sheffield's landlords are in uproar as the Council looks set to impose what amounts to an average 25% tax on the bottom end of the cities privately rented housing sector by means of a £1000 additional charge to existing fees on EACH property, given that such targeted properties would yield an annual rental income of between £300 and £400 per month, therefore this amounts to a tax of between 20% and 27% of a years rental income that wipes out most of the profit earned which will have the effect of triggering Landlords to rush to dump and avoid the bottom end of the rental sector which suggests an imminent temporary drop in house prices at the bottom end of the cities housing market, that would also suggest an opportunity for first time buyers this summer.
Wednesday, July 17, 2013
Big REIT Opportunities in the U.S. Housing Market Recovery / Housing-Market / US Housing
By: Money_Morning
Martin Hutchinson writes: If you listen to most pundits, you would think housing is on its way back.
But I don't listen to people. I do my own research and make up my mind.
And what I've found is that this housing rally is a double-edged sword. But if you're smart you take advantage of its potential while eliminating much of its real risks.
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Friday, July 12, 2013
Will the U.S. Home Mortgage Interest Deduction Vanish in 2013? / Housing-Market / US Housing
By: Money_Morning
Garrett Baldwin writes: In 2013, Congress is expected to explore a number of tax reforms in order to address staggering deficits and a crippling $17 trillion in debt owed by the Federal government.
No proposed tax reform will be more controversial this year than attempts to alter the Home Mortgage Interest Deduction (HMID).
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