Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Wednesday, January 25, 2012
Home Depot Options Strategy to Play the Housing Market Bottom / Housing-Market / US Housing
By: Money_Morning
Larry D. Spears writes:
After more than two years of false starts, the battered U.S. housing market may have finally found a bottom.
If so, that prospect offers options investors a chance to earn higher returns on lower costs using a Home Depot (NYSE: HD) straddle. (More on that later...)
Read full article... Read full article...
Saturday, January 21, 2012
U.S. Housing Market Sales of Existing Homes Slow Growth, Price Declines Moderating / Housing-Market / US Housing
By: Asha_Bangalore
Sales of existing homes rose 4.6% to an annual rate 4.61 million units in December, which takes the annual sales to 4.293 million units. Sales numbers of 2009 and early part of 2010 reflect the impact of the first-time home buyer program. The cycle low for sales of existing homes excluding the swings related to the first-time home buyer program was 3.77 million units for all homes and 3.39 million units for single-family, which occurred in November 2008. With reference to this benchmark, sales of existing single-family homes have moved up 21% in roughly three years.
Tuesday, January 17, 2012
Demand Outweighs UK Mortgage Choice / Housing-Market / Mortgages
By: MoneyFacts
Moneyfacts research of the residential mortgage market reveals the choice of mortgages on offer has increased from 2,527 to 3,180 over the last 12 months. At the peak of the banking crisis in 2009, the number of mortgages fell to just 1,209.
The increase in numbers came despite a combination of rises and falls across the range of the loan-to-value tiers. Today, the 60% loan-to-value tier offers the most choice but the high deposit required limits its attraction.
Read full article... Read full article...
Monday, January 16, 2012
U.S. Housing Market the Greatest Contrarian Investment Play of 2012 / Housing-Market / US Housing
By: Investment_U
“Real estate prices may be bottoming out.” – Robert Shiller
Over the weekend, I attended the annual American Economic Association (AEA) meetings in Chicago, and ran into Yale economist and long-time friend Robert Shiller at a luncheon.
Read full article... Read full article...
Saturday, January 14, 2012
U.S. Housing Market Foreclosure-to-Rental Screwjob / Housing-Market / US Housing
By: Mike_Whitney
Federal Reserve chairman Ben Bernanke wants US taxpayers to purchase more of the garbage loans and mortgage-backed securities (MBS) that the big banks still have on their books. (Cash for trash) That’s the impetus behind the Fed’s 26-page white paper that was delivered to Congress last Wednesday. The document outlines the Fed’s plan for ‘stabilizing the housing market’, which is a phrase that Bernanke employs when he wants to provide more buy-backs, giveaways, subsidies and other corporate welfare to big finance.
Thursday, January 12, 2012
US Housing Sector Returns / Housing-Market / US Housing
By: Donald_W_Dony
The latest evidence of the rebounding US economy appears in the housing sector. This once battered area has recently jumped to life with housing related sectors providing the best performance on the S&P 500.
Over the last three or four months, industry groups that supply home construction, equipment, financing and renovations have lead the charge on the recovery.
Read full article... Read full article...
Wednesday, January 11, 2012
Distressed Properties Continue to Hold Down U.S. House Prices / Housing-Market / US Housing
By: Asha_Bangalore
The CoreLogic Home Price Index inclusive of distressed properties (foreclosures and short sales) fell 4.3% from a year ago after showing a decelerating trend in the three months ended October. Excluding distressed properties, the CoreLogic Home Prices fell only 0.6% from a year ago and it shows of stabilizing (see Chart 4).
Read full article... Read full article...
Friday, January 06, 2012
Hidden Mortgage Tax Gives Congress Another Way to Pick Your Pocket / Housing-Market / US Housing
By: Money_Morning
David Zeiler writes:
Americans had better enjoy the extra $40 they'll continue to get in their biweekly paychecks for the next two months, because most of them will be paying for it many times over in the form of higher mortgage costs.
Lost in the contentious debate over the payroll tax cut extension - a 2% cut in U.S. workers' Social Security tax - was the devious way Congress devised to pay for it.
Read full article... Read full article...
Tuesday, December 20, 2011
U.S. Housing Market Overview / Housing-Market / US Housing
By: Mike_Stathis
The real estate market continues to show little signs of life. Despite record-low mortgage rates and a collapse in home prices, builders see little demand for new homes due to the record-high overhang of existing homes on the market, including the record-high level of foreclosed properties (4.29% of all active loans) which have continued to gain most attention from buyers due to much lower prices.
Even more disturbing is that the fact new foreclosures are outpacing foreclosure sales by a factor of 3 to 1. This means that the existing home inventory due to foreclosures is growing by 3 times the rate of foreclosure sales.
Read full article... Read full article...
Friday, December 09, 2011
U.S. Household Net Worth Posts Second Quarterly Drop / Housing-Market / US Housing
By: Asha_Bangalore
Household net worth fell 4.1% in the third quarter (see Chart 2), after a 0.2% drop in the second quarter; year-to-date, net worth of households has dropped 2.5% to $57.35 trillion. Lower equity prices were the main reason the decline in net worth, while real estate made a positive contribution.
Read full article... Read full article...
Wednesday, December 07, 2011
U.S. House Prices Show a Small Improvement in October / Housing-Market / US Housing
By: Asha_Bangalore
The CoreLogic House Price Index fell 3.9% from a year ago in October; excluding distressed homes, home prices dropped 0.5%. The CoreLogic Home Price Index of non-distressed properties rose 0.9% in October vs. September. The good news is that the pace of decline has slowed and the price index of non-distressed homes is almost stabilizing on a year-to-year basis (see Chart 8).
Read full article... Read full article...
Tuesday, November 29, 2011
U.S. October New Home Sales Reports Positive Aspects / Housing-Market / US Housing
By: Asha_Bangalore
Sales of new single-family homes increased 1.3% in October to an annual rate of 307,000, with gains in sales recorded in the Midwest (+22.2%) and West (+14.9%). Sales of new single family homes in the Northeast held steady and declined 9.5% in the South. The level of new single-family home sales during October remains close to the record low of 278,000 registered in August 2010 (see Chart 1). Nevertheless, there are many positives to note in the October new home sales report.
Monday, November 28, 2011
Taking a Loss on Your House Sale, Time to Hit the Reset Button on Life / Housing-Market / US Housing
By: DailyWealth
Dr. Steve Sjuggerud writes: "We're going to have to write a big check to get out of our house," a friend told me.
He's moving far away from here.
Friday, November 18, 2011
Gold House Price Ratio Falls To Historic Low / Housing-Market / US Housing
By: Dan_Amerman
In gold terms, an average single family home in the United States can now be purchased for only 18% of its pre-bubble price in 2001. The term "pre-bubble" merits emphasis: the average house can be purchased at an 82% discount (in ounces of gold) not from the peak real estate values of 2006, but the much lower home prices of 2001, before the real estate bubble began.
Friday, November 18, 2011
U.S. Housing Market Sideways Trend Reflects Underlying Soft Labor Market Situation / Housing-Market / US Housing
By: Asha_Bangalore
Builders broke ground to construct new single-family homes (+3.9%) in October, but starts of multi-family units slipped 8.3%. Total housing starts fell slightly (-0.3%) to an annual rate of 628,000 in October. The important point to note is that total and single-family starts of new homes continue to hover around levels seen in the past recession (see Chart 1), which are also historical lows. Starts of single-family units stood at 430,000 in October 2011 vs. 353,000 in March 2009 (historical low).
Monday, November 14, 2011
Mortgages for the 'Middle-Rich' Are Class Warfare Ammunition / Housing-Market / Mortgages
By: Money_Morning
Shah Gilani writes:
For weeks now I've been telling you the markets are broken.
Now I'm going to prove it.
Today I'm talking about the housing market. It's broken. The truth is Congress broke it. Of course, it had help from mortgage originators, banks, and a deliriously greedy public.
Read full article... Read full article...
Wednesday, November 09, 2011
U.S. Mortgage Rates are Low, But Are Bankers Willing to Extend Mortgages? / Housing-Market / Mortgages
By: Asha_Bangalore
The 30-year fixed rate mortgage was quoted at 4.0% as of November 4, the lowest since 1971 (see Chart 3). Home prices are attractive as they have declined 32% from the peak in 2006.
Read full article... Read full article...
Monday, November 07, 2011
Obama's Housing Plan: Subsidizing the Terminally Stupid / Housing-Market / US Housing
By: Money_Morning
Martin Hutchinson writes:
President Obama on Oct. 24 announced yet another housing bailout.
This time, borrowers who are underwater by more than 25%, are on time with their payments, and have Fannie Mae/Freddie Mac mortgages dating before March 2009 will be allowed to refinance their home mortgages at cheaper rates.
Read full article... Read full article...
Tuesday, November 01, 2011
U.S. Mortgage Crisis Goes Primetime / Housing-Market / Subprime Mortgage Risks
By: Peter_Schiff
John Downs writes: A near-death experience often provides needed perspective to effectuate real change. But no matter how often the over-regulated and over-subsidized US banking sector flirts with disaster, it never seems to change its ways.
Three years have gone by since subprime mortgage exposure threw the financial system into cardiac arrest. Experienced analysts are under no illusions about the progress since then: the banks are still not eating right and they're certainly not slimming down. It seems these institutions feel trapped by their situation and are just waiting for the inevitable. This month, the PrimeX group of indices, a measure that quantifies the likelihood of default in prime residential and commercial mortgages, began flashing red.
Read full article... Read full article...
Friday, October 28, 2011
China Housing Market Crash, Shanghai Homeowners Smash Showroom in Protest of Falling Prices / Housing-Market / China Economy
By: Mike_Shedlock
The property bubble in China has finally burst. Denial has turned to anger as Shanghai Homeowners Smash Showroom in Protest Over Falling Prices
Read full article... Read full article...A group of around 400 homeowners in Shanghai demonstrated publicly and damaged a showroom operated by their property developer after the company said it cut prices. Home buyers had wanted to speak with the developer to refund or cancel their contracts but were unsuccessful, according to local media. One report said the price cuts exceeded 25% per square meter.