Recent Housing Crash News and Blogs
The lingering legacy of the shadow inventory – homeownership rate will bottom in 2014. Goldman Sachs predicts homeownership bottom.
Posted from Dr. Housing Bubble Blog 23 hours ago
Housing Crash Central : Housing Crash News and Blogs
The banking system is starting to clear out shadow inventory and nationwide, prices are inching closer to a nominal bottom. It is important to understand how crucial a healthy housing market is for the stability of household balance sheets. Most Americans derive the bulk of their net worth from ... (original story)
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Crack of Doom: Igor’s Long V-Day-Themed B-Day Parties
Posted from Housing Doom 23 hours ago
Housing Crash Central : Housing Crash News and Blogs
Bentham’s Panopticon crossed with Posturegate, Doom appreciates the many levels of irony in the Pickett’s Charge of Tech Bubble 2.0 happening as an oh-so polite but massive introverts’ riot peaking at 6:30 in the morning. While Generation Y’s Fitzgerald will eventually fea... (original story)
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Faceplant: Foreign Cenbank Holdings to May 16, 2012
Posted from Housing Doom 23 hours ago
Housing Crash Central : Housing Crash News and Blogs
Wall Street, we have a problem: USA TODAY (5/18 ’12): “Facebook shares jump, then fade as trading opens” (Google News still showed “Facebook shares jump as trading opens on Nasdaq market” at 16:15 GMT) GOOGLE NEWS TOP TEAZER: By Matt Krantz, USA TODAY Shares of Faceboo... (original story)
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Victoria Grant Socks It To The World (& sideswipes the FRBNY)
Posted from Housing Doom 23 hours ago
Housing Crash Central : Housing Crash News and Blogs
In many ways we seem to have entered into one of the more dystopian Orson Scott Card novels, and quite a few commentators don’t think this kid’s for real … But on the other hand back in ’06 my 13-year-old niece held her own in a lecture hall in Cambridge MA with a couple of ... (original story)
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The allure of low mortgage rates – time to buy in Compton. Culver City and Arcadia continue mid-tier correction.
Posted from Dr. Housing Bubble Blog 23 hours ago
Housing Crash Central : Housing Crash News and Blogs
There is something deceiving about the current low mortgage rates. To a certain extent they obscure the underlying economic fundamentals that are hitting the state. Certainly no one is going to look at an underemployment rate above 20 percent and a budget deficit of $16 billion and claim that th... (original story)
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Phantom Home Appreciation
Posted from Housing Doom 23 hours ago
Housing Crash Central : Housing Crash News and Blogs
There was much rejoicing in NARville yesterday as the National Association of Realtors reported that the median home price has risen over 10% in the past year. U.S. News and World Report cheerfully opined: [T]oday’s existing home sales data could be an inflection point for the housing marke... (original story)
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Foreclosure amnesia – California distressed inventory still larger than non-distressed properties. The psychological push to buy with low interest rates. The new marketing to purchase homes.
Posted from Dr. Housing Bubble Blog 23 hours ago
Housing Crash Central : Housing Crash News and Blogs
There is a danger with keeping mortgage rates artificially low for such a long time. I’ve seen countless marketing pitches from those in the industry now using the historically low interest rate as the major impetus for people to buy. Ignore the weak income growth or massive budget deficits bo... (original story)
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Pets In Foreclosure Get Their Own Shelter
Posted from Housing Doom 9 days ago
Housing Crash Central : Housing Crash News and Blogs
For an animal lover like me, it’s heartbreaking to see how many animals are abandoned when their owners go into foreclosure. It happens more often than you might imagine. An organization called Lost Our Home Pet Foundation started in Phoenix as a resource for realtors who keep finding aba... (original story)
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A brave new economy – California budget implications for real estate – 4 key metrics highlighting a very weak California economy.
Posted from Dr. Housing Bubble Blog 9 days ago
Housing Crash Central : Housing Crash News and Blogs
Over the weekend it was announced that California’s large $9 billion budget deficit was no longer $9 billion but $16 billion. Whoops. Last week J.P. Morgan Chase, a darling of the Federal Reserve, reported a $2 billion trading loss on “synthetic derivatives” yet still had the audacity to s... (original story)
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Will the FHA require a bailout? – 12,000,000 underwater mortgages 3,000,000 are FHA insured loans. 1 million underwater mortgages originated in last two years.
Posted from Dr. Housing Bubble Blog 9 days ago
Housing Crash Central : Housing Crash News and Blogs
FHA insured loans have been a big booster for the current market. Historically FHA insured loans made up roughly 8 to 12 percent of all mortgage originations but in 2009 they hit 30 percent. For first time home buyers it was a stunning 50 percent showing that most people can only purchase a home... (original story)
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Just another renter who can't look away from the oncoming train wreck that is the housing crash
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