Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.Wednesday, February 16, 2011
UK Mortgage Market Improves as Higher LTV Mortgages Increase / Housing-Market / Mortgages
The mortgage market has seen a gradual increase in the number of products offering higher loan-to-values (LTVs), providing some relief to borrowers with limited deposits.
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Wednesday, February 16, 2011
Obama Proposes Fannie & Freddie Reforms as U.S. Housing Market Continues to Languish / Housing-Market / US Housing
Don Miller writes: Three years after the housing market collapsed, efforts to clean up the financial mess created by Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC) - the government agencies that largely inflated the bubble - remain stuck in limbo as Washington policymakers bicker over the details.
Meanwhile, the market continues to suffer through the aftermath.
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Tuesday, February 08, 2011
Commercial Real Estate No Longer the U.S. Economy's Achilles Heel / Housing-Market / US Housing
David Zeiler writes: While many analysts had it pegged as the next big threat to the U.S. economic recovery, the commercial real estate (CRE) market is actually on the mend.
No doubt, fallout from bad loans will continue to pose challenges to banks for the next several years. But on the whole, commercial real estate seems to have finally found a bottom.
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Sunday, February 06, 2011
U.S. Mortgage Crisis: Where Does The Homeowner Stand? / Housing-Market / US Housing
Over the past several years, the real estate industry in the United States has undergone a near collapse. House prices have been reduced so far by 25% nationwide due to the bursting of real estate bubble. The only vibrant part of the real estate market in the present economic recovery is the millions of foreclosed homes being sold to bargain hunters.
Some smaller States, the Dakotas, Nebraska, Alaska, have managed to avoid a big downturn in prices and hope to continue to do so. The big States most affected by the real estate disaster though, California, Michigan, Nevada, Florida, have lost more than one-half on home values in many major cities.
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Wednesday, February 02, 2011
U.S. Housing Bear Market Resumes in 2011 / Housing-Market / US Housing
An oft-repeated maxim is that real estate is one of the best long-term investments. For the better part of the last 60 years or so this certainly held true. In a typical “long wave” or 60-year Kress cycle, real estate benefits almost from the start of the inflationary leg of the long wave and prices tend to increase even after the 60-year cycle of inflation/deflation peaks, and real estate prices can continue to increase in the ensuing dis-inflationary years of the cycle. It’s mainly during the final “hard down” part of the cycle -- which is defined as the final 8-12% of the cycle -- that the real estate market struggles under the weight of deflation.
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Friday, January 28, 2011
The Best Time in History to Buy a House / Housing-Market / US Housing
Dr. Steve Sjuggerud writes: Right now, is the best time in history to buy a house in America.
Today, I'll show you why… based on a few cold, hard facts.
Thursday, January 27, 2011
Sales of New U.S. Homes Rebound from Historical Low / Housing-Market / US Housing
Sales of new single-family homes increased 17.5% to an annual rate of 329,000 in December after holding steady during November. The magnitude of the jump in sales of new homes is impressive but it is important to note that home sales are recovering from a historically low level. Sales of new single family homes stood at an annual rate of 280,000 in November, which is close to the historical low of 274,000 recorded for August 2010. Putting things in perspective, the peak of new home sales was 1.389 million home and it occurred in July 2005.
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Wednesday, January 26, 2011
U.S. Home Prices Remain a Challenge, Near Term Improvement Unlikely / Housing-Market / US Housing
The Case-Shiller Home Price Index fell 0.5% in November marking the fifth consecutive monthly price decline following gains in the each of the three months of the second quarter. On a year-over-year basis, the index has declined 1.6% in November after a 0.8% drop in October. Moving back in time, the Case-Shiller Home Price Index posted year-to-year gains in each month during the February-September 2010 period, reflecting the positive influence of the first-time home buyer credit program.
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Tuesday, January 25, 2011
U.S. Housing Market into the 2020's / Housing-Market / US Housing
From time to time we have been reviewing the historical housing market index, provided by Case-Shiller, in an attempt to identify historical patterns. Since the historical index is not provided in nominal terms (inflation included), but real terms (inflation excluded), this has been a difficult task. Everything we track, in OEW terms, is quoted in nominal prices. After several attempts over the past few years we feel we have identified enough historical patterns to offer an educated projection for the US housing market going forward. We present the history of US housing prices using a chart courtesy of Steve Barry/Barry Ritholtz. This chart displays the past 120 years of US existing home prices in real terms, with a dashed line forecast by Robert Shiller of Case-Shiller.
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Friday, January 21, 2011
Sales of Existing U.S. Homes Soar in December, Partly From Distressed Sales / Housing-Market / US Housing
Sales of existing homes rose 12.3% in December to an annual rate of 5.28 million. Purchases of single-family homes increased 11.8% in December to an annual rate of 4.64 million, the highest since August 2007, excluding the hikes recorded when the first-time home buyer program was in place during several months of the 2009-2010 period.
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Thursday, January 20, 2011
U.S. Housing Starts Decline in December, But 2010 Closes With a Few Positives / Housing-Market / US Housing
Starts of new homes fell 4.3% to an annual rate of 529,000 in December. Although builders broke ground for the construction of new multi-family units (+18%) in December, single-family starts declined 9% to an annual rate of 417,000. The level of housing starts is close to historical lows (see Chart 1) and the January Home Builders Survey (Composite index has held steady for three straight months) suggests that builders are not optimistic about the near term outlook for home building activity.
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Wednesday, January 19, 2011
U.S. Home Builders Survey Suggests Stalled Home Construction / Housing-Market / US Housing
The survey of The National Association of Home Builders for January indicates stalled home building activity in January (see Chart 1). For three straight months the composite index has held at 16. The index measuring traffic of prospective buyers moved up slightly (12 vs. 11 in January), while the index tracking current sales has held steady for four months at 16.
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Friday, January 14, 2011
If Shiller’s Chart Is Right US Housing Market Has 50% to Fall: BubbleOmics Disagrees / Housing-Market / US Housing
There has been a kind of pause in house price angst in USA over the past year, the “good news” is that “only” one million homes were physically repossessed in 2010 which is about the same as 2009. The bad news is that outside of the temporary respite achieved by “Foreclosure-Gate”, the trend is still up.
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Wednesday, January 12, 2011
U.S. Housing Slump Worse than the Great Depression / Housing-Market / US Housing
Zillow's reports: The Zillow Home Value Index has now fallen 26% since its peak in June 2006. That’s more than the 25.9% decline in the Depression-era years between 1928 and 1933.
November marked the 53rd consecutive month of home value declines, with the Zillow Home Value Index (ZHVI) falling 0.8% from October to November, and falling 5.1% year-over-year.
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Wednesday, January 12, 2011
The Allure of Real Estate / Housing-Market / US Housing
Fred Buzzeo writes: These days everyone is sitting at the edge of their seats waiting for a real-estate recovery. Indeed, during the past ten years, everyone has become a real-estate addict. It is hard for me to walk down the street without someone telling me that the market has "hit bottom" or that the market is on the "rebound."
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Wednesday, January 12, 2011
Why Falling U.S. House Prices 2011 Will Not Stall U.S. Economic Recovery / Housing-Market / US Housing
Martin Hutchinson writes: U.S. housing prices still have further to fall -perhaps a lot further.
In fact, depending upon the circumstances, the additional price declines could be quite steep.
But here's the shocker: That decline won't necessarily cause a "double-dip" recession.
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Wednesday, January 05, 2011
Critical Mass in U.S. Real Estate Market: Comments From Steve Moyer / Housing-Market / US Housing
I love getting emails from those who read my blogs because I keep getting well thought out comments and/or questions from readers. Yesterday was a particular treat for me, as my good friend and fellow blogger (Steve Moyer) at SafeHaven and The Market Oracle sent in some comments regarding my pet topic (Critical Mass).
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Thursday, December 30, 2010
‘Unexpected’ U.S. Home Price Decline is a Serious Reason to Worry About Economy / Housing-Market / US Housing
The Standard & Poors/Case-Shiller index’s most recent report shows that home prices across the country are sliding. For economists, this is yet another unexpected decline. For readers of non-mainstream news, analysis and opinion, this was to be expected.
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Monday, December 27, 2010
U.S. Housing Market Foreclosure Gate Distraction / Housing-Market / US Housing
Over the past few months we have heard about a variety of questionable practices from banks looking to seize the homes due to chronic mortgage delinquencies. Each day more drama is added to the picture. It has become the center of focus for many media hacks who want to exploit the frustration and anger they have with Wall Street and Washington.
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Friday, December 10, 2010
Watching A House of Cards, Part 1 / Housing-Market / Derivatives
Nye Lavalle is best known for his sports predictions. With his family, he founded Sports Marketing Group and stunned many sportswriters with his accurate calls on the popularity of figure skating and NASCAR in the 1990s, among many others. Sixteen years ago, he began investigating mortgage fraud when a bank attempted to wrongfully foreclose on a family property. Many of the issues he uncovered more than a decade ago, like robosigning, are just being recognized today. He continues to try educate others about problems in the banking industry and the US economy.
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