Category: US Housing
The analysis published under this category are as follows.
Friday, December 18, 2009
What Motivates U.S. Home Owners in High Mortgage Negative Equity Properties to Stay Put? / Housing-Market / US Housing
By: Tim_Iacono
The question of what motivates underwater homeowners to either stay put and continue to make their mortgage payments (if they can) or "walk away" from their home (and their financial obligations) has been receiving an increasing amount of attention in recent weeks.
Wednesday, December 16, 2009
U.S. Housing Market Will Continue to Suffer in 2010 / Housing-Market / US Housing
By: Oakshire_Financial
Housing prices aren’t going anywhere. Not for a long, long time.
This is not information that I am excited to be admitting to, as I am a homeowner and am currently in the process of buying another. Unfortunately, I have had way too many cold buckets of reality dumped on me over the years to ignore such a simple truth.
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Tuesday, December 15, 2009
Buying a House – A Risky Proposition? / Housing-Market / US Housing
By: Axel_Merk
After renting four homes in the San Francisco Bay Area this decade, I bought a house last month. I had been a long-time advocate of renting rather than buying, so what drove me to buy a house now? Has the time come to buy a house as an inflation hedge? Buying a house should be a matter of risk, not price.
Tuesday, December 15, 2009
U.S. Housing Underwater, Securitized, and Screwed by the "Pass the Trash" Strategy / Housing-Market / US Housing
By: Mike_Shedlock
Calculated Risk had an interesting post last Saturday about Refinancing with Negative Equity.
His post refers to an article written by David Streitfeld from the NY Times Interest Rates Are Low, but Banks Balk at Refinancing citing among other things the plights of Mark Belvedere who owes $235,000 on a condo that would sell for barely half that today, and Andrew Knapp who has tried twice to refinance and failed. From the Times...
Sunday, December 13, 2009
U.S. Housing Market, All Bubbles Pop, No Matter What Color They Are / Housing-Market / US Housing
By: Mike_Shedlock
I frequently agree with ideas expressed on New Geography but certainly not Ian Abley's article There is no "Free Market" Housing Solution
Read full article... Read full article...The common line used by advocates of housing affordability has been that the solution lies in “free markets”. Yet this "free market" solution does not address the fundamental problem which is really a political one.
Thursday, December 10, 2009
U.S. Housing Market Equity Cushions and Impact of Negative Equity / Housing-Market / US Housing
By: Tim_Iacono
A report last month indicating that almost 25 percent of all borrowers now owe more on their mortgage than their homes are worth punctuated one of the more dramatic turn of events in the ongoing credit crisis and housing bubble aftermath. Twenty five percent!
Saturday, December 05, 2009
U.S. Housing Market Improves as Rents Finally Cover Mortgage Payments Again / Housing-Market / US Housing
By: DailyWealth
Dr. Steve Sjuggerud writes: Nobody has noticed... but an incredible thing has happened: Rents are finally covering mortgage payments again in residential real estate.
Saturday, December 05, 2009
U.S. Housing Market, Worst Behind Us Or Another Downleg? / Housing-Market / US Housing
By: Tim_Wood
This past spring and summer there was a surge in real estate activities. The consensus amongst the realtors and builders that I talk to are of the opinion that the worst is behind us. However, the charts say we are now seeing another housing slow down.
Tuesday, December 01, 2009
Eight Ways to Profit as the U.S. Housing Market Recovery / Housing-Market / US Housing
By: Money_Morning
Larry D. Spears writes: If you were interested in homes for anything other than personal shelter, November was a pretty discouraging month, with continuing gloom the most prominent feature of virtually every report issued on the housing sector.
Whether it was the disappointing quarterly earnings numbers for America’s top two home-improvement companies, the dismal listing of October housing starts and new building permits or the downbeat readings for the National Association of Home Builders (NAHB) Sentiment Index, you had to dig pretty deep to find any hint of a near-term rebound in the housing sector.
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Wednesday, November 25, 2009
The Fed Fears New Mortgage Crisis Could Derail Economic Recovery / Housing-Market / US Housing
By: Claus_Vogt
Although the number was just revised downward, the U.S. economy still expanded by 2.8 percent during the third quarter. So it definitely looks like the recession is history.
What’s more, last Thursday the Conference Board published its Leading Economic Indicator (LEI) for October. This indicator has a strong predictive history, having predicted each recession since the early 1960s as well as the one we’ve just gone through.
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Wednesday, November 25, 2009
FHA Train Wreck, New U.S. Housing Market Crisis / Housing-Market / US Housing
By: Andrew_Abraham
Who do you believe these days… the Govt…the news…or an industry insider? My bet would be with the industry insider.
Robert Toll the principle of the largest luxury home builder Toll Brothers said the other day that the Federal Housing Administration (FHA) is a train wreck waiting to happen.
Tuesday, November 24, 2009
U.S. Housing Market Dead Cat Bounce In Motion? / Housing-Market / US Housing
By: Andrew_Butter
Looks like King Canute may be having a reality check; perhaps house prices are going to go where house prices are going to go?
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Tuesday, November 24, 2009
U.S. House Prices Rise Again Despite Quarter of Mortgage Borrowers Underwater / Housing-Market / US Housing
By: Mike_Shedlock
Case Shiller housing data for September came out today and Home Prices Rose For 4th Consecutive Month.
Friday, November 20, 2009
U.S. Housing Market Mortgage Meltdown Wave Two / Housing-Market / US Housing
By: Mac_Slavo
In Mortgage Delinquencies Up 58% we pointed out that the American home owner borrower will continue to experience difficulty in making their monthly payments for years to come.
Wednesday, November 18, 2009
U.S. Real Estate Market Getting Worse / Housing-Market / US Housing
By: Adam_Brochert
Though I am sure the National Association of Realtors has some statistic indicating that higher real estate prices are "right around the corner" (as they have every single month since before the crash started), real estate is getting worse. Wave 2 of the residential real estate crash is starting on cue and "walking away" from underwater mortgages has reached critical mass.
Thursday, November 12, 2009
Monetizing the U.S. Housing Market Debt / Housing-Market / US Housing
By: Tim_Iacono
In reading the newspapers over the last eight months, since the Federal Reserve decided to print money on a massive scale in order to buy $300 billion in U.S. Treasuries along with about a trillion and a half dollars in mortgage related debt, these two groups of purchases have been viewed quite differently.
Monday, November 09, 2009
If the U.S. Housing Meltdown Was Bad Wait for Commercial Real Estate Crash / Housing-Market / US Housing
By: Doug_Horning
That’s right, the next train wreck will be in commercial real estate. Couldn’t be worse than last year’s residential market crash? That remains to be seen. But it’s coming soon, probably as early as the second quarter of next year, and there’s nothing that can prevent it. The government will intervene, trying desperately to delay the day of reckoning, and may even succeed. For a while. But make no mistake about it, that train is going off the tracks no matter what.
Thursday, November 05, 2009
The Great U.S. Housing Market Foreclosure Robbery Of The 21st Century / Housing-Market / US Housing
By: Robert_Singer
The Center for Responsible Lending estimates that there have now been 1,000,000 foreclosures filed so far in 2009 and the group expects the foreclosure number to double before the end of the year.
U.S. Home Vacancies Hit 18.7 Million on Bank Seizures (Update2) [1]
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Thursday, November 05, 2009
Fannie Mae's New Deed for Lease Program, Rent your Home from the Government / Housing-Market / US Housing
By: Trader_Mark
There are so many rescue programs going on, I am losing track. Thanks to reader Patrick for notifying me of this; I have been so busy staring at the mirror (while clicking heels 3x) slowly repeating "prosperity is back" I sometime forget how "prosperity" is being achieved.
Sunday, November 01, 2009
Before Walking Away From Your Mortgage Consult An Attorney / Housing-Market / US Housing
By: Mike_Shedlock
I occasionally have people ask me what they should do about their underwater mortgage. I sometimes give them an opinion as to what I think might be appropriate but I always tell them to consult an attorney or You Walk Away (the latter has attorneys for the states they do business in).