Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Friday, October 08, 2010
UK House Prices Crash, Record 3.6% Monthly Drop / Housing-Market / UK Housing
By: Nadeem_Walayat
UK house prices crashed in September, falling by a record -3.6% to an average of £162,096 (SA) according to the Halifax, which annualises to an eye watering -43%. The slump beats the preceding record monthly drop of -2.8% in December 2008 when house prices were in free fall, therefore fears are prevalent of a similar downtrend now unfolding as the Labour election bounce has fast evaporated following the May 2010 General Election.
Thursday, October 07, 2010
U.S. Consumer Debt Deleveraging Equals Commercial Real Estate Market Collapse / Housing-Market / US Housing
By: James_Quinn
There is a Part 2 to the story of Consumer Deleveraging that will play out over the next decade. Consumers will deleverage because they must. They have no choice. Boomers have come to the shocking realization that you can't get wealthy or retire by borrowing and spending. As consumers buy $500 billion less stuff per year, retailers across the land will suffer. To give some perspective on our consumer society, here are a few facts:
Tuesday, October 05, 2010
Foreclosures Continue to Hit U.S. Housing Recovery / Housing-Market / US Housing
By: Money_Morning
Don Miller writes: Banks seized more homes in August than in any month since the housing bubble burst in 2007, even as the number of homes entering the foreclosure process dropped for the seventh month in a row, according to data compiled by RealtyTrac Inc.
In all, banks repossessed 95,364 properties last month, up 3% from July and an increase of 25% from August 2009, RealtyTrac said. August was the ninth month in a row that the rate of homes seized by banks increased on an annual basis. The previous high was in May.
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Sunday, October 03, 2010
Economic Shock Therapy for Wall Street as Mortgage Lenders Could Start Falling Like Dominos / Housing-Market / Credit Crisis 2010
By: Ellen_Brown
“Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.”--Economist Karl E. Case, quoted in the New York Times
The hits are coming fast and furiously. Major Wall Street mortgage lenders could soon be falling like dominos – and looking again for handouts.
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Sunday, October 03, 2010
China’s Syndrome, Housing Bubble Perpetual Economic Engine Prompts Demolishing New Buildings / Housing-Market / China Economy
By: PhilStockWorld
Interesting story there [at Zero Hedge]. China has created a monster for itself that has already begun to turn on its master, and will one day devour it. The basic premise of economic growth in China is unsustainable. The government is trying various ways of forcing other economies to import more Chinese goods. But the saturation point has pretty much already been met. Now they are trying more artificial ways to stimulate foreign consumption, e.g. via currency manipulations.Read full article... Read full article...
Tuesday, September 28, 2010
Wealthy Chinese Are Desperate to Buy Your Vacation Home / Housing-Market / US Housing
By: DailyWealth
Tom Dyson writes: My friend is visiting from Shanghai. Last night, he told us some incredible stories about the crazy rise in real estate prices in China...
Take his parents, for example. They live in Qingdao, a fast-growing city on the east coast between Shanghai and Beijing. His parents bought a house on the beach seven years ago. It's gone up six times in value since they bought it and is now worth over $1 million.
Friday, September 24, 2010
U.S. Housing Market BIG Picture, Shiller's Forecasts and Media Propaganda / Housing-Market / US Housing
By: Mike_Stathis
Each month, the media lines up to read the results of the S&P/Case-Shiller Home Price Indices. It’s published the last Tuesday of the month and reports on data 60 days in arrears. This group of indices is generated and published by Standard & Poor's and Fiserv Inc. Keep in mind that these indices are maintained by the Index Committee members drawn from Standard & Poor's, Fiserv CSW, and so-called “leading industry experts.”
Thursday, September 23, 2010
U.S. August Home Sales Were Actually Terrible! / Housing-Market / US Housing
By: Sy_Harding
Sometimes I long for the days when newspapers and magazines were the main sources of economic information for investors. They took the time to analyze data before their headlines and reports influenced investor thinking.
With television and the Internet, the goal is not accuracy but speed.
Thursday, September 23, 2010
The ‘Catastrophic Change’ in the U.S. Real Estate Market / Housing-Market / US Housing
By: Barry_M_Ferguson
We learned today (9/22/10) from our illustrious US government that new housing starts jumped 10.5% in August. Don’t get exited. Almost all of the gain was from apartment construction. This month-over-month burst in activity is still 9% below last year’s level. Nevertheless, the recession has been declared dead, the stock market has appreciated every day since the conclusion of Bernanke’s August Jackson Hole, Wyoming meeting, and the government needs affirmation of both events. But like most people with a functioning brain cell, I have eyes and ears. Here are my observations on real estate from my little vantage point.
Sunday, September 19, 2010
U.S. Housing Market and its Future / Housing-Market / US Housing
By: David_Urban
So much has been written about the housing market and its overall effects on the economy so I will not spend much time here.
Without dating myself the S&L crisis was partially solved through the removal of bad loans from the balance sheet of banks, the repackaging of said bad loans, and selling them off in tranches to investors.
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Thursday, September 16, 2010
Surge in Housing Supply Will Drive Down U.S. House Prices / Housing-Market / US Housing
By: Mike_Whitney
Home ownership has become an albatross. Prices are falling, demand is weak, foreclosures have skyrocketed, and inventory is backed up to the moon. If there's an upside, it's hard to see.
Everyone who bought a house in the last 6 or 7 years knows that he was fleeced by bankers who were pushing "fishwrap" mortgage paper to line their own pockets. Prices did not reflect the underlying supply/demand fundamentals as much as they exposed the massive mortgage laundering operation that was taking place in the shadow banking system. Hedge fund sharpies and other speculators walked away with billions while credulous homeowners were lashed to an anvil and tossed in the East River.
Wednesday, September 15, 2010
U.S. House Prices Drop in 36 States, Market to Stagnate for a Decade / Housing-Market / US Housing
By: Mike_Shedlock
The small upward correction in home prices from multiple tax credit offerings died in July. Worse yet, inventory of homes for sale as well as shadow inventory both soared. 8 million foreclosure-bound homes have yet to hit the market according to Morgan Stanley.
Sunday, September 12, 2010
China’s Housing Bull Market Built on $15 Trillion In Home Equity / Housing-Market / China Economy
By: Mario_Cavolo
Current United States home mortgage debt: $15 trillion. Current China home equity: $15 trillion. Mortgage debt on those homes? Zero. It is easy to suggest that this insight, which reveals a $30 trillion spread between U.S. home mortgage debt and Chinese home equity, better enables us to grasp the underlying forces impacting the economic power shift we are seeing from West to East. While it might be in vogue these days to criticize the United States for being built on a mountain of debt, I’d rather not. Let’s first take a moment to remember the positive effect the world over which the judicious and reasonable use of debt has had over the past 50 years.Read full article... Read full article...
Sunday, September 12, 2010
Zero Down Mortgages Restarted by the Biggest Subprime Lender in Town - Fannie / Housing-Market / US Housing
By: Trader_Mark
Good news folks... the "no skin in the game" mortgage is back. You know the game right? It's a one sided bet where the buyer can only win. If the house goes up, you pocket that and hopefully get that granite countertop you so deserve with the home equity. If it doesn't go up.... you walk - but only after living in the home rent free for at least 18-22 months as you strategically default your way to a mountain of savings while waiting for the sheriff to show up. If you are smart you can save at least $30K during this time. There are no losers here (except the U.S. taxpayer). [Jan 5, 2010: WSJ - The Treasury Department's Christmas Eve Masscare of the US Taxpayer] [Feb 1, 2010: 2 Graphs Showing Part of the Reason for the Christmas Eve Taxpayer Massacre] [May 12, 2010: [Video] Are Losses at Fannie and Freddie Now "National Policy"?]
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Sunday, September 12, 2010
Britains Population Growth and Ageing Demographics Impact on UK House Prices / Housing-Market / Demographics
By: Nadeem_Walayat
The long-term battle being played in the UK housing market is that of new build supply always trying to play catchup with ever increasing demand as a consequence of the UK's growing population and changing demographics which is set against many other developed countries that are either experiencing falling populations such as Germany or have ample space to build far beyond that demanded as a consequence of population growth such as the United States. Therefore this analysis as part of a series on the UK housing market seeks to gauge the likely impact of population growth and demographics on UK house prices over the next 10 years.
Thursday, September 09, 2010
Should You Buy a House Now? / Housing-Market / US Housing
By: David_Galland
David Galland, Managing Editor, The Casey Report writes: Recently, we have had a number of queries about real estate. And no wonder. For starters, real estate prices have come down. Plus, in an environment with next to zero interest rates, the idea of possibly picking up some income-producing property on the cheap holds a certain appeal to some. Then there’s the fact that real estate is very much a “tangible” – and so should hold up reasonably well, should the fiat currency system come undone, as we expect it will before this crisis is over.
Monday, September 06, 2010
The U.S. Unreal Real Estate Market / Housing-Market / US Housing
By: Mark_B_Rasmussen
The peak was 60 - 61 months ago. The historical peak to trough real estate prices is 46+ months. 01/10 was the low for the 4.5 yr. decline that began in the summer of 2005.
Friday, September 03, 2010
Double-Dip Recession Deepens as U.S. Housing Market Collapses / Housing-Market / US Housing
By: Mike_Larson
The Double-Dip recession I’ve been predicting for some time is deepening. And nowhere is the emergence of this powerful economic force more clear than in the housing market.
All the fresh economic data confirms that home sales are weakening … home inventories are rising … and home price pressure is building.
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Friday, September 03, 2010
UK House Prices and GDP Growth Trends Analysis / Housing-Market / UK Housing
By: Nadeem_Walayat
Whilst many methods have been utilised for determining future housing market price trends such as average earnings, mortgage interest rates, currency valuations, real terms inflation adjusted valuations, comparison against other global housing markets and real disposable earnings, this analysis seeks to add real UK housing market analysis against UK GDP growth. The assumption here is that the value of assets should over the long-run increase in inline with a countries actual economic growth rate as measured by gross domestic product.
Thursday, September 02, 2010
UK House Prices Fall For Second Consecutive Month / Housing-Market / UK Housing
By: Nationwide
- House prices fell by 0.9% in August
- Three month rate of change shows price stagnation over the summer
- Percentage of borrowers on variable rates has increased