Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- The Economics Of Housing In California No Longer Work
-
The North County Times reports from California. “San Diego County home prices took yet another beating in March, reaching the largest rate of decline yet, according to a report released Tuesday. Home prices in March were 20.5 percent below the same month a year earlier, the first time county home prices were more than 20 percent below price a year before, according to Standard & Poor’s Case-Shiller Home Price Index.”
…
Original Source: thehousingbubbleblog.com
-
27 May, 2008| housingblogs |
Comments (0) @ 23:17
- NPR on Mortgage Quality Control
-
This is a sobering, if rather overstated, segment on mortgage loan sale due diligence and the pressures to accept even the most dubious of loans.Tracy Warren is not surprised by the foreclosure crisis. She saw the roots of it firsthand every day. She worked for a quality control contractor that reviewed subprime loans for investment banks before they were sold off on Wall Street. . . ….
Original Source: feeds.feedburner.com/CalculatedRisk
-
27 May, 2008| housingblogs |
Comments (0) @ 21:49
- Consumer confidence sinks to 15-year low
-
Bloomberg reports that consumer confidence is sinking with home values, reaching lows not seen since 1992. From the article on the lack of consumer confidence:
Confidence among American consumers fell in May to the lowest level since 1992 as the two-year housing slump showed no sign of bottoming.
The Conference Board’s c…
Original Source: feeds.feedburner.com/typepad
-
27 May, 2008| housingblogs |
Comments (0) @ 21:14
- Reader poll: Richardson’s foreclosure — personal or political?
-
Bloggers’ note and back-story: Rep. Laura Richardson (D-Long Beach), responding to a report in Capitol Weekly, acknowledged last week that a home she purchased in Sacramento in 2007 had gone into foreclosure this spring. Richardson has said the foreclosure was "improper" because she had reached an agreement on a loan modification to keep the home. T…
Original Source
-
27 May, 2008| housingblogs |
Comments (0) @ 21:09
- New Home Sales: No Spring in 2008
-
There was no spring this year. Click on graph for larger image. This graph shows the Not Seasonally Adjusted (NSA) new home sales for the last 45 years….
Original Source: bp1.blogger.com/_pMscxxELHEg/SDxoYq_dms
-
27 May, 2008| housingblogs |
Comments (0) @ 20:59
- Apartment for Sale
-
The Apartment Story — The National
This crash is going to take a long time. Even with the record number of foreclosures and speculators giving up en masse, there are still more speculators giving up every day. It seems there is a never-ending supply of 100% financing deals gone bad. This isn’t that surprising when you think about it. Every speculator has a unique financial situation and a unique stubbornness when it comes to admitting a mistake. The combination of these factors means that some will hold on longer than others, so we will continue to see these people give up one-by-one for some time to come. They will all give up, and when they do, they add more fuel to the fire burning down our housing market. Even if some of them manage to avoid foreclosure, they will sell when they get back to breakeven to get out of the bad investment. There is no way prices will consistently rise again until all these people have been flushed out of the market. With each passing month, we get new foreclosure records, so the process is in full swing.
…
Original Source
-
27 May, 2008| housingblogs |
Comments (0) @ 20:30
- Case-Shiller index makes the bottom of the housing market look more distant
-
S&P/Case-Shiller first quarter home price indexes released May 27 should be a reality check for anybody still arguing that the real estate market is bottoming out.
The national index showed that prices fell 14.1% from a year earlier — the biggest drop in 20 years. Sales of foreclosed properties are pushing down prices, especially in weak markets such as South Florida, Nevada, Southern California, Arizona and Rhode Island.
…
Original Source: www.businessweek.com
-
27 May, 2008| housingblogs |
Comments (0) @ 20:25
- Case-Shiller index — latest evidence that the bottom of the housing market is a long way off
-
S&P/Case-Shiller first quarter home price indexes released May 27 should be a reality check for anybody still arguing that the real estate market is bottoming out.
The national index showed that prices fell 14.1% from a year earlier — the biggest drop in 20 years. Sales of foreclosed properties are pushing down prices, especially in weak markets such as South Florida, Nevada, Southern California, Arizona and Rhode Island.
The problem isn’t just that prices are plunging. It’s that the inventory of unsold homes is growing and must shrink dramatically before a turnaround is possible. The number of homes available for sale jumped 10.5% to 4.55 million at the end of April, representing an 11.2-month supply at the current sales pace. Compare that to January 2005 when the market had a tight 3.6-month supply of homes.
…
Original Source: www.businessweek.com
-
27 May, 2008| housingblogs |
Comments (0) @ 20:25
- Case-Shiller index — latest evidence that the bottom of the real estate well is hard to see
-
S&P/Case-Shiller first quarter home price indexes released May 27 should be a reality check for anybody still arguing that the real estate market is bottoming out.
The indexes showed that prices nationwide fell 14.1% from a year earlier — the biggest drop in 20 years. Sales of foreclosed properties are pushing down prices, especially in weak markets such as South Florida, Nevada, Southern California, Arizona and Rhode Island.
T…
Original Source: www.businessweek.com
-
27 May, 2008| housingblogs |
Comments (0) @ 20:25
- Case-Shiller Preview
-
From the Oregonian:Portland-area prices for existing homes dipped further in March, registering a 4 percent year-over-year decline, according to the Case-Shiller index.The report shows Portland’s home prices continue to follow a declining trend thatstarted last summer. The Case-Shiller index falls in line with local figures on new and existing homes from the Regional Multiple Listing Service. The service reported a 3.5 percent year-over-year decline in April.B…
Original Source
-
27 May, 2008| housingblogs |
Comments (0) @ 20:12
- Town of Taos News Brief #47, May 26, 2008
-
1) Single item agenda for Special Town of Taos Council Meeting, 9 a.m., Friday May 30, Town Hall Conference Room, 400 Camino de la Placita.
AGENDA
1. CALL TO ORDER BY THE HONORABLE MAYOR BOBBY F. DURAN…
Original Source: feeds.feedburner.com/TaosRealEstate
-
27 May, 2008| housingblogs |
Comments (0) @ 19:58
- What Something’s Worth And What Someone Will Pay
-
Some housing bubble news from Wall Street and Washington. Reuters, “Prices of single-family homes plunged a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, the Standard & Poor’s/Case Shiller composite index of 20 metropolitan areas (showed). Housing markets that grew the most during the housing boom, such as Las Vegas, Nevada and Miami, Florida, are leading the decline, S&P said.”
…
Original Source: thehousingbubbleblog.com
-
27 May, 2008| housingblogs |
Comments (0) @ 19:18
- Realtors settle case with U.S.
-
Read full story for latest details.
…
Original Source: money.cnn.com
-
27 May, 2008| housingblogs |
Comments (0) @ 19:06
- Home prices plunge 14.1%
-
Read full story for latest details.
…
Original Source: money.cnn.com
-
27 May, 2008| housingblogs |
Comments (0) @ 17:39
- Home Prices Fall, But Why You Might Not Have Lost Value
-
Posted By:Diana OlickWe constantly talk about how much these price indexes are dropping, but we often forget how far they rose during the housing boom. If you purchased your home before the boom, and you’re still living in it, then the price drops, so far at least, haven’t negated your total appreciation. …
Original Source: www.cnbc.com
-
27 May, 2008| housingblogs |
Comments (0) @ 17:38
- Home Prices Fall, But Why You Might Not Have Lost
-
Posted By:Diana OlickWe constantly talk about how much these price indexes are dropping, but we often forget how far they rose during the housing boom. If you purchased your home before the boom, and you’re still living in it, then the price drops, so far at least, haven’t negated your total appreciation. …
Original Source: media.cnbc.com
-
27 May, 2008| housingblogs |
Comments (0) @ 17:38
- Case-Shiller: Real Prices off 21% from Peak
-
Here are three key graphs …The first graph compares real and nominal Case-Shiller Home Prices (real is current index adjusted using CPI less Shelter)….
Original Source: bp2.blogger.com/_pMscxxELHEg/SDw5K6_dmp
-
27 May, 2008| housingblogs |
Comments (0) @ 17:34
- Case-Shiller: Prices Still Falling (Even in Seattle)
-
The March Case-Shiller Home Price Index came in fairly close to, but slightly worse than the NWMLS statistics for the same month….
Original Source: feeds.feedburner.com/SeattleBubble
-
27 May, 2008| housingblogs |
Comments (0) @ 17:07
- Housing Contradiction: Home Prices Down = Sales Up. Any Questions?
-
I’m about to reveal an extraordinary secret, one that rivals the coordinates for the lost city of Atlantis. As experts and government officials are now in their second year of scrambling for housing solutions it appears that we have found one that works. Here it goes; when you lower prices you actually move sales! Astounding! This is one of the most basic points you learn in economics:…
Original Source: www.doctorhousingbubble.com
-
27 May, 2008| housingblogs |
Comments (0) @ 17:06
- Military Foreclosures
-
Bloomberg reports:Foreclosure filings in 10 towns and cities within 10 miles of military facilities, including Norfolk, Virginia, home of the Navy’s largest base, rose by an average 217 percent from January through April from a year earlier. Nationally, the rate was 59 percent in the same period, according to RealtyTrac, which tallies bank seizures, auctions and default notices. …
Original Source
-
27 May, 2008| housingblogs |
Comments (0) @ 16:09