Category: US Housing
The analysis published under this category are as follows.Wednesday, May 13, 2009
U.S. Real Estate Investing, Why It's Time to Buy REITs / Housing-Market / US Housing
Porter Stansberry writes: Just a few weeks ago, I introduced my new theory of "The Great Re-Leveraging" to readers of my investment advisory.What is the Great Re-Leveraging? And how is it going to hand investors 60% in the next six months?
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Wednesday, May 13, 2009
U.S. Housing Market Driven by Super Sizing Baby Boomers Now Going Bust / Housing-Market / US Housing
Beneath the finely groomed blissful suburban façade of America lurk desperation, denial, hypocrisy, and anger. The kids of suburbia today have an entirely different reality than the suburbs I grew up in during the 1970’s. The Ozzie & Harriet idealized version of suburbia from the 1950’s has degenerated to the Green Day nightmare vision of today. The suburbs have mansion-like homes with spotless interiors, entertainment centers, three car garages, manicured lawns, and no soul. The children of suburbia have been brought up on soda pop and Ritalin.
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Friday, May 08, 2009
The Nexus of the Real Estate Crash is Shifting to Commercial Properties / Housing-Market / US Housing
If you’ve been reading my stuff for the past few years, then you’ve been ahead of the real estate pack every step of the way.
I warned you well in advance that the housing market would implode … that the mortgage industry would collapse … and that virtually any stock exposed to building, construction, banking, or finance would suffer immense collateral damage.
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Friday, May 01, 2009
U.S. House Prices Measured in Gold / Housing-Market / US Housing
The broad sweep in housing-gold ratios is just as broad and as sweeping as both gold bulls and bears might hope...
"I WOULD LIKE to see a similar study using US housing market data," asks a note after BullionVault's recent chart of UK house-prices in gold.
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Wednesday, April 29, 2009
Foreclosure Prevention Bill Shields Mortgage Lenders From Fraud / Housing-Market / US Housing
Inquiring minds are investigating provisions of a foreclosure prevention plan working its way through Congress. The plan throws away more taxpayer money while shielding servicers from misconduct. In other words, the bill does exactly what one might expect from this Congress and this administration. Please consider the Washington Post article Foreclosure Prevention Plan Expanded to 2nd Mortgages.
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Tuesday, April 28, 2009
The Great U.S. Housing Market Depression, America Stop Thinking about Homes as Investments / Housing-Market / US Housing
Sean Brodrick There’s something you need to do for your own mental health: Stop thinking about homes as investments.
You know those guys who are trying to reinflate the housing bubble — Tim Geithner, Ben Bernanke, Larry Summers — President Obama’s posse of the ethically challenged? They’re not your friends.
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Friday, April 24, 2009
U.S. Housing Market Crash, Why is the Media Misleading the Public? / Housing-Market / US Housing
Why is the media misleading the public about housing? The housing market is crashing. There are no "green shoots" or "glimmers of hope"; the market is worn to a stump, it's kaput. Still, whenever new housing figures are released, they're crunched and tweaked and spin-dried until they tell a totally different story; a hopeful story about an elusive "light in the tunnel". But there is no light in the tunnel; it's a myth. The truth is, there's no sign of a turnaround or a "bottom" in housing at all; not yet, at least. The real estate market is freefalling and it looks like its got a long way to go. So why is the media still peddling the same "rose-colored" claptrap that put the country in this pickle to begin with? Here's an example of media spin which appeared in Bloomberg News on Wednesday:
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Tuesday, April 21, 2009
U.S. Housing Market Heading for a Bigger Crash, Another $4 Trillion of Asset Price Deflation / Housing-Market / US Housing
Due to the lifting of the foreclosure moratorium at the end of March, the downward slide in housing is gaining speed. The moratorium was initiated in January to give Obama's anti-foreclosure program---which is a combination of mortgage modifications and refinancing---a chance to succeed. The goal of the plan was to keep up to 9 million struggling homeowners in their homes, but it's clear now that the program will fall well-short of its objective.
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Thursday, April 16, 2009
U.S. Housing Market Bust, Who is the ‘Greater Fool’ Now? / Housing-Market / US Housing
Many Americans, and indeed many people the world over, have lived in a Ponzi bubble economy for more than a decade. They have applied the Greater Fool Theory in the false belief that they would always be able to sell their house or their stocks or bonds or other highly leveraged assets to “bigger fools” than they were for buying them in the first place. With the collapse of the housing bubble and the stock market it begs the question “Who is the ‘greater fool’ now?Read full article... Read full article...
Tuesday, April 14, 2009
U.S. Real Estate/ Credit Bubble Deflation 18: Tick-Tick-Tick.... / Housing-Market / US Housing
"To restore the wealth lost in the current financial crisis, the Treasury would have to monetize some $30 trillion of toxic assets, almost ten times what the Geithner Treasury is currently contemplating, and twice the size of current U.S. annual GDP. Add to that about $10 trillion of value lost in the collapse of commodity prices and another $10 trillion in real property values, and we have a wealth loss of $50 trillion." ~ Henry Liu, Asia Times via Mike Whitney
Wednesday, April 08, 2009
Why Wall Street is Missing the U.S. Housing Market Recovery / Housing-Market / US Housing
William Patalon III writes: Wall Street created the U.S. housing bubble and now it's missing the real estate rebound.
And Andrew Waite understands why. Waite is the publisher of the Personal Real Estate Investor , a glossy magazine that focuses on investors who buy houses or condos to manage for income or to fix up and sell for a profit. But he's not some industry cheerleader whose statements are nothing but spin.
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Sunday, April 05, 2009
U.S. Housing Market Case Shiller March 2009 Analysis / Housing-Market / US Housing
Inquiring minds are considering the Case Shiller Home Price Release for March 2009.
New York, March 31, 2009 – Data through January 2009, released today by Standard & Poor's for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, shows continued broad based declines in the prices of existing single family homes across the United States, with 13 of the 20 metro areas showing record rates of annual decline, and 14 reporting declines in excess of 10% versus January 2008.
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Friday, April 03, 2009
U.S. Real Estate Ownership and Investing Dangerous Myths / Housing-Market / US Housing
In March, I started reading a new rush of positive news headlines about U.S. real estate. According to the U.S. Census Bureau, new home sales increased 4.7% in February in comparison to the January revised figures. This was the biggest leap since 2003. MDA Dataquick reported existing home and condominium sales jumped 43% year-over-year. Mortgage applications also rose 32.2% in the third week of March.Read full article... Read full article...
Wednesday, April 01, 2009
Collapsing Commercial Real Estate Could Snuff out U.S. Economic Recovery / Housing-Market / US Housing
William Patalon III writes: Stock prices have rallied for much of last month. The housing market has shown some early signs of life. And some of the latest economic reports haven't been the disasters that many experts feared.Read full article... Read full article...
Wednesday, March 25, 2009
Housing Market Collapse: America's Abandoned Cities / Housing-Market / US Housing
Flint Michigan typifies the plight of inner city urban decay. Inquiring minds are wondering what if anything can be done. MLive explores that issue in an article discussing what to do with abandoned neighborhoods in Flint .Read full article... Read full article...
Sunday, March 22, 2009
U.S. House Prices Could Drop Another 20%, Housing Market Crisis Solutions / Housing-Market / US Housing
- Solving the Housing Crisis
- Housing Could Drop Another 20% in Pricing
- Buy A Home, Get a Green Card
- A Real Stimulus Package
This last Tuesday the Wall Street Journal published an op-ed by my friend Gary Shilling and Richard LeFrak. They offer a simple solution for the housing crisis: give foreigners who will come to the US and buy a home resident status (green cards). This is a very important proposal and one that deserves national attention and action.
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Tuesday, March 17, 2009
Pretcher Presents Analysis to the Government on the U.S. Housing Market Crash- Video / Housing-Market / US Housing
I want to share with you a FREE 30-minute video that might just change the way you think about government's response to the unfolding financial crisis. Please learn more below or get access to the video now .Read full article... Read full article...
Thursday, March 12, 2009
Sedona House Prices, Timothy Geithner, and Toxic Assets / Housing-Market / US Housing
I was shocked to see the latest issue of the local Sedona newspaper today. I decided to glance at the classified section of houses for sale, and the prices have fallen so much since I last paid any attention to it that I found it difficult to believe. For instance, there's a 2,400 sq.ft. home with 3 bds, 2 bths, with views, on a 1/4 acre, with a pool and a hot tub, here, in the Village of Oak Creek, near where I live, and it's offered for sale at only $339,000! Back in 2003, we sold our house for $275,000 and our house was only 1,820 sq.ft. and has no pool or hot tub! If that $339,000 price was to be translated into the value of our house, I think our house would now be worth less than what the current owners paid nearly 5 1/2 years ago, at the very beginning of the boom here (Nov. 2003). There are other houses with incredibly low prices as well, but the 2,400 sq.ft. one really stood out to me!Read full article... Read full article...
Friday, March 06, 2009
Obama's Mortgage Plan Fails to Address Housing Market Crisis / Housing-Market / US Housing
This week, the Obama administration released the details of how its expanded refinance and mortgage modification programs will work. I've combed through the details. And the view I shared with you two weeks ago in my Money and Markets column remains the same: There's some good, some bad — and one glaring flaw …Read full article... Read full article...
Saturday, February 21, 2009
Commercial Real Estate Closing Shop? / Housing-Market / US Housing
As most of us who carefully follow the macro-economic picture know quite well - there is a certain logical “order” to things and that order has been accurately anticipated by some of us for a very long time. One of the things that's been looming dark-and-large on the economic horizon is the impending and apparently unstoppable hurricane that's about to hit the commercial real estate markets.Read full article... Read full article...