Category: US Housing
The analysis published under this category are as follows.Tuesday, August 03, 2010
Florida's Panhandle: Supreme Real Estate Buying Opportunity / Housing-Market / US Housing
Dr. Steve Sjuggerud writes: Greetings from Destin, Florida... Ground Zero for the Double Whammy.
I'm talking about the one-two punch of:
- The bust in Florida coastal real estate prices...
- AND the bust in tourism from the BP oil disaster in the Gulf.
Monday, August 02, 2010
Self Sustaining U.S. Housing Market Recovery? / Housing-Market / US Housing
John Paulson Will Be Wrong This Time - We have arrived at critical juncture in the ongoing financial crisis. Have the government actions of the last year successfully spurred the animal spirits of Americans, resulting in a self-sustaining recovery?The Obama administration and most of the mainstream media would answer yes. GDP has been positive for the last four quarters. Consumer spending has increased in five consecutive months. Corporate profits have been relatively strong. The country has stopped losing jobs. The missing piece has been a housing recovery.
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Tuesday, July 27, 2010
A Decade of Falling House Prices / Housing-Market / US Housing
The housing depression will last for a decade or more. This is by design. The Fed has been working with the banks to withhold inventory so prices do not fall too fast or too far. That way the banks can manage their write-downs without slipping into insolvency. But what's good for the banks is bad for the country. Capital impairment at the banks, means no credit expansion in the near-term. It means the economy will continue to contract, unemployment will remain high, and deflation will push down wages and prices. Everyone will pay for the mortgage-backed securities scam that was engineered by the banks.
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Monday, July 26, 2010
U.S. Housing Market is Stalling, REITs Are Dangerous Investments Right Now / Housing-Market / US Housing
Tom Dyson writes: "The housing market... is stalling again," says the Wall Street Journal this week.
On one hand, demand has evaporated. The government was giving out $8,000 tax credits for buying a new house. On April 30, the program ended. Naturally, anyone who wanted a house bought one before April 30. Now, there aren't any buyers.
Friday, July 23, 2010
U.S. House Price Forecast 2010 to 2015 / Housing-Market / US Housing
This is the first model I ever did for a bubble popping:
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Thursday, July 22, 2010
U.S. Taxpayers $3.7 Trillion Bailout Fails to Save Housing Market / Housing-Market / US Housing
Kerri Shannon writes: The amount of taxpayer dollars directed at the Troubled Asset Relief Program (TARP) continues to grow but with little economic progress being made, particularly in the housing market.
Total taxpayer support for the mortgage market rose by $700 billion in the past year to $3.7 trillion, Neil Barofsky, the Special Inspector General for TARP, said his quarterly report to Congress.
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Wednesday, July 21, 2010
Obama’s Mortgage Assistance Plan Complete failure: More Foreclosures, Real Estate Set to Decline / Housing-Market / US Housing
WASHINGTON — More than 40 percent of homeowners seeking help from the Obama administration's flagship effort to rescue those at risk of foreclosure have dropped out of the program.
The latest report on the program suggests foreclosures could rise in the second half of the year and weaken an ailing housing market.
Wednesday, July 21, 2010
Ponzi Shark Loans Fuel China's Housing Market Bubble That's Going Bust / Housing-Market / US Housing
China's property bubble is now on the verge of collapse. Transaction volumes are significantly down and declining volume is how property bubbles always burst. In simple terms, the pool of greater fools eventually runs out.
In China's case, the pool of fools is heavily involved in "loan shark" schemes where speculators hope property values rise fast enough to cover the interest.
Tuesday, July 20, 2010
How to Get a 20% Discount on a Florida Mansion / Housing-Market / US Housing
Steve Sjuggerud writes: For the last two months, a man has stood on the corner of the busiest intersection in the Florida beach town where I live, holding up a five-foot high placard and waving to passing motorists. He's advertising a beachfront mansion with nine bedrooms and nine bathrooms for sale at $2.2 million.
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Thursday, July 01, 2010
Hooray for Falling U.S. Real Estate Prices / Housing-Market / US Housing
Jeffrey A. Tucker writes: Pittsburgh is a town that makes me want to rhapsodize like a Randian. Its skyline, the materials and shapes that make up the structure of the city, celebrate man's creative genius in every way. It is more beautiful than the most cultivated garden because it is a picture of order out of chaos and all directed toward the betterment of society.
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Thursday, July 01, 2010
U.S. Housing Market Wobbling without Tax Credit Crutch / Housing-Market / US Housing
Don Miller writes: The housing market has struggled to rebuild since its 2007 collapse, and its recovery is on even shakier ground now that a tax credit for first-time homebuyers has expired.
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Tuesday, June 29, 2010
U.S. Housing Bear Market Second Down Leg Closer Look / Housing-Market / US Housing
Quickly, I will be on Larry Kudlow's show tonight (Tuesday, June 28), which is at 7 pm Eastern. Larry has promised that we will spend some quality time on some of the current issues facing us. See you there! And now, let's jump in to this week's Outside the Box.
Last January 2009, the Outside the Box featured FusionIQ's quant models that blend both fundamental and technical metrics to determine the strength of 8,000 equities as well as the overall markets ( Trading With the Big Boys).
Monday, June 28, 2010
We're Nowhere Near the End of the Real Estate Houisng Bear Market / Housing-Market / US Housing
"Can I see a list of foreclosures, please?"
I was talking to a friend with close contacts in the real estate industry. He said right now, people walk into real estate agencies with only one thing on their minds: buying foreclosures.
Friday, June 25, 2010
U.S. Housing Market Shortage Coming, Now in the Best to to Buy, Inane Thoughts? / Housing-Market / US Housing
Housing bulls are coming out of the woodwork just as housing is about to collapse for the second time.
New Home Sales at Record Low
Housing sales, housing starts, and mortgage refinancings have all collapsed along with the expiration of home-buyer tax credits.
Friday, June 25, 2010
Lousy U.S. Economy Pulling Rug Out From Under Housing Market / Housing-Market / US Housing
Heads up, folks! It’s time for a very important housing market update from the front lines.
More than a year ago in these cyberpages, I told you that housing was stabilizing. All my indicators pointed to an improvement in conditions — less deadweight inventory on the market … increased sales rates … stabilization in pricing.
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Thursday, June 24, 2010
U.S. Home Sales Take a Big Hit / Housing-Market / US Housing
For more evidence of the current deflationary trend look no further than the real estate market.
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Thursday, June 24, 2010
FOMC Statement and U.S. Housing Market Post Tax Credit Fundamentals / Housing-Market / US Housing
FOMC Statement “… low levels of the federal funds rate for an extended period.” - No big surprises from the FOMC today. The committee's economic outlook was marginally downgraded and its financial conditions outlook was more substantially downgraded. To wit, "Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad." And, oh yes, "Bank lending has continued to contract in recent months." The fact that KC Fed President Hoenig dissented about the "extended period" language also was no surprise, but of no significance either.
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Wednesday, June 23, 2010
Little Surprise in U.S. Housing Market's Dive / Housing-Market / US Housing
Wall Street doubled over in anguish today as the latest numbers on existing home sales hit the news wires. I must say that I am totally confused as to why the decline was any kind of surprise, however. The mainstream press dutifully expressed every emotion from grief to even outrage as the number was reported and analyzed.
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Tuesday, June 22, 2010
Here Comes the U.S. Housing Market Double Dip / Housing-Market / US Housing
The housing market double dip is coming... along with an unpopped Australian bubble just waiting to burst.
Remember when "safe as houses" was a legitimate expression? Now it's a bit of an ironic joke. What counts as no joke at all, however, is the chaos investors will face when the second wave of housing market turmoil hits.
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Sunday, June 20, 2010
Florida Real Estate Prices: Guess Which Direction This Chart Will Go / Housing-Market / US Housing
The US real estate market all but fell off a cliff two years ago. Though there has been a very minor recovery, or rather, stabilization, in home prices, we recently pointed out that it makes sense to be gloomy.
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