Category: US Housing
The analysis published under this category are as follows.Friday, February 20, 2009
Obama's U.S. Housing Market Mortgage Bailout Plan Analysis / Housing-Market / US Housing
Mike Larson writes: Hardly a day goes by without another government bailout plan, and this week was no different. In Arizona on Wednesday, President Obama rolled out a plan designed to reduce foreclosures.
The multipronged plan has several moving parts. Since it could have an impact on both your personal finances — and your investing strategy — I want to give you some straight talk on it right here in Money and Markets .
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Sunday, February 15, 2009
Are We Nearing a Housing Bear Market Bottom? / Housing-Market / US Housing
Mike Caggeso writes: It's been a long, downslide for homeowners or anyone trying to buy a house.
But a Moody's Economy.com report, “Housing in Crisis: When Will Metro Markets Recover?”, says we could be nearing the end.
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Tuesday, February 10, 2009
The Reality Behind U.S. Housing Market Crash / Housing-Market / US Housing
Much has been written lately about the beginnings of a recovery in the real estate market. Just last week housing bugs (investment “bugs” are not exclusive to those who only love gold) were cheering the latest data point which they claimed as evidence the market is making a comeback.
The Pending home sales index rose 6.3%, to 87.7 from 82.5 in November. That figure was also 2.1% higher than that of December 2007 when it registered 85.9. Helping to drive the increase in pending home sales are three major factors: lower home prices, lower new home construction rates and lower mortgage rates.
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Sunday, February 01, 2009
Soaring Unemployment Means No U.S. Housing Market Bottom / Housing-Market / US Housing
California Association of Realtors C.A.R. DataThe following chart is from my friend "TC" who has been monitoring California Association of Realtors (C.A.R.) and DQNews data. C.A.R. data contains resale single family residences and new homes. DQNews data contains resale single family residences and new homes.
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Wednesday, January 21, 2009
The True Scope of the U.S. Housing Market Bust / Housing-Market / US Housing
Below is the transcript of an interview I conducted just a few weeks ago with Fannie Mae's first Chief Credit Officer, Edward Pinto. In our conversation, Ed painted a very clear picture as to why government policies were key in blowing up the housing bubble. In the time since our last discussion, he testified in front of Congress about the true scope of the problems which face us.Read full article... Read full article...
Friday, January 16, 2009
U.S. Housing Market Panic of 2009, Buying Opportunity of a Lifetime? / Housing-Market / US Housing
“Sir, there are no seats left. You're going to have to stand in the back.”
I was only 10 minutes late, but the conference hall was packed. Every seat was taken. The walls were lined with people.
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Thursday, January 08, 2009
Nouriel Roubini 2009 U.S. GDP Forecasting 40% Home Mortgage Failures? / Housing-Market / US Housing
IF Nouriel Roubini's 2009 GDP forecast for USA is right, THEN could 40% of home mortgages fail? It's been a long time since I saw two guys so eager to lose their jobs, Hank Paulson and George Bush could hardly be held back, they were positively skipping out of the door; I wonder why?Read full article... Read full article...
Friday, December 26, 2008
U.S. Housing Market Forecast 2009 / Housing-Market / US Housing
Mark Larson writes: I don't know about you, but I had a great time watching my little girls open their presents on Christmas morning. You should have seen the smiles on their faces! I sincerely hope that you and your family are relaxing and enjoying this holiday season as much as I am.
But soon, thoughts are going to turn from relaxation to reality. Investors are going to focus once again on the wounded real estate market. And millions of homeowners and commercial property owners are going to ask that all-important question: Will 2009 be “it” — the year when things finally start turning around?
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Tuesday, December 09, 2008
The High Cost of Washington's Housing Market Price Manipulation Policy / Housing-Market / US Housing
Want to eliminate the glut of homes? Don't give the government more power--open the borders to immigration.
For decades Washington has been manipulating prices to encourage homeownership and "steer" the economy. To "incentivize" you to buy a house, it made mortgage payments tax deductible, largely exempted homes from capital gains taxes, and created Fannie Mae and Freddie Mac. After the stock market tumbled in 2001 and 2002, Washington established a policy of artificially low interest rates that created the illusion of cheap credit; leery of the stock market, and looking for someplace else to put all this easy money, Americans began buying homes in droves.
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Sunday, December 07, 2008
U.S. House Prices Case Shiller CPI Analysis / Housing-Market / US Housing
This post is an update on the Case-Shiller-CPI (CS-CPI).The chart is courtesy of my friend "TC" and a brief explanation is that the Case-Chiller housing index is substituted for Owners' Equivalent Rent in the CPI. The results are compared to the BLS Government Published CPI (CPI-U called OER-CPI in the following chart).
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Friday, December 05, 2008
U.S. Housing Market Crash- How Far To The Bottom? / Housing-Market / US Housing
Inquiring minds have been asking for another housing update. My previous update was was on February 15,2008 in Housing Bottom Nowhere in Sight . I did not remember Bernanke's comments at the time but looking back now they sure seem funny.Read full article... Read full article...
Sunday, November 23, 2008
U.S. Housing Market Forecast 2009, More Pain No Gain / Housing-Market / US Housing
Don Miller writes: The U.S. housing market is already being pounded by the “perfect storm.” And the outlook for the New Year is for the stormy weather to continue – and probably to get worse.
As if a locked-up credit market and tidal waves of foreclosures weren't already enough, we're now watching unemployment climb and consumer confidence plunge.
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Friday, November 14, 2008
New Precedent for America : Financial Irresponsibility Pays / Housing-Market / US Housing
As a desperate attempt to stop the bleeding, banks are stepping up with further efforts to protect delinquent homeowners. To date, this represents the most radical effort to stop the avalanche of foreclosures. It's thought these ridiculous bailouts will help restore the housing market which will provide more stability to the economy. The problem is that these plans are still insufficient to make any impact. And there is nothing to absorb the massive inventory of housing.Read full article... Read full article...
Friday, November 07, 2008
Capital Economics UK Housing Market Forecasts / Housing-Market / US Housing
What is the value of typically the same housing bear market / crash forecast that is rolled out every few months? This article takes a look back at Capital Economics that has been grabbing the headlines of late of having forecast the UK housing market crash of 2008. However if you dig a little deeper the actual accuracy of Capital Economics housing market forecasts evaporates into thin air.
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Tuesday, November 04, 2008
The Great American Housing Market Nightmare Next Phase / Housing-Market / US Housing
Martin Weiss writes: One of the greatest blunders of our time is made by those who blindly assume home prices are so low they couldn't possibly go any lower.
In reality, home prices don't stop going down at some particular level that appears to be “cheap.” Nor do they stop falling because they match some historical price that was previously a low.
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Wednesday, October 29, 2008
U.S. Housing Bust Continues on October Case Shiller Data / Housing-Market / US Housing
Inquiring minds are considering the S&P/Case-Shiller Home Price Release for October 2008.
New York, October 28, 2008 – Data through August 2008, 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, a trend that prevailed throughout the first half of 2008 and has continued into the second half.
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Thursday, October 23, 2008
U.S. Housing Market Boom and Crash Engineered by the Government / Politics / US Housing
They Did It On Purpose: The Housing Bubble and Its Crash Were Engineered from the Highest Levels of the U.S. Government, the Federal Reserve, and the Financial Industry
During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past.
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Thursday, October 09, 2008
When will the U.S. Housing Market Bottom? / Housing-Market / US Housing
Now that the US has signed the rescue bill, investors are analyzing ways they can use the bill to help them beat the market. The collapse of housing prices in the United States led directly to the problems with the mortgage securities that are freezing credit markets. Some investors might think that the bottom in the current recession is near and the markets will recover soon. Others are not so sure. In this case, it pays to look at the past to see if you can learn from prior experiences and the trends in the housing market.Read full article... Read full article...
Tuesday, October 07, 2008
Fixing the U.S. Housing Market and House Prices / Housing-Market / US Housing
At this rate they won't bottom 'till 2010 and there is 15% to go. I think I need to get my hearing checked, but I thought I heard "Hank" say that his bailout plan won't start to work until house prices recover.Read full article... Read full article...
Sunday, October 05, 2008
France To Buy 30,000 Homes, How Many Will the U.S. Own? / Housing-Market / US Housing
Morningstar is reporting, France To Buy 30,000 Planned Homes To Boost Building Business .
President Nicolas Sarkozy, grappling with the global financial crisis, has decided to directly support the French construction industry by buying 30,000 homes waiting to be built, the presidential palace said Wednesday.
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