Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Saturday, September 13, 2008
US Housing Bear Market Nowhere Near a Bottom / Housing-Market / US Housing
By: John_Mauldin
The Headwinds to Growing Your Wealth - The Wealth of Nations
- Housing: Are We at the Bottom?
- Alt-A is the New Subprime
- 3.5 Million Unemployed and Counting
This week we look at the housing market in some detail. When can we expect it to turn around? Part of the problem is that a new wave of foreclosures is coming due, and this time it is not subprime. And that means more problems for the large financial companies. Also, as predicted here, consumer spending is taking a hit as consumers are finding it increasingly difficult to get credit and a deteriorating labor market is dragging down total spending. There are some very interesting details in the data that was released this week. And we take a quick peek at the outlook for inflation. What is in the pipeline, so to speak? It should make for an interesting letter.
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Friday, September 12, 2008
U.S. Foreclosures Shock Wave Ripples Through Housing Market / Housing-Market / US Housing
By: Peter_Schiff
Bloomberg is reporting U.S. Foreclosures Hit Record in August as Housing Prices Fell .U.S. foreclosure filings rose to a record in August as falling home prices made it harder to sell or refinance homes to pay off the mortgage, RealtyTrac Inc. said.
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Wednesday, September 10, 2008
Fannie and Freddie Bailout Doomed, Lessons from UK Northern Rock Bust / Housing-Market / Credit Crisis 2008
By: Nadeem_Walayat
One of the aims of the take over of the Fannie and Freddie by the US Government is to stabilize the housing market by taking over and providing liquidity to the mortgage market is doomed to fail. In the UK we have the example of the Northern Rock bank bust of Sept 07 and what subsequently transpired over the last 12 months as a possible guide of key assumptions being made now in the US that could prove to be wrong.Read full article... Read full article...
Tuesday, September 09, 2008
UK House Price Crash Spreads Economic Chill Implying Interest Rate Cuts / Housing-Market / UK Housing
By: Nationwide
The price of a typical house fell by 1.9% in August
- More borrowers opt for fixed rate loans to protect their payments in uncertain times
- Gloomy Governor opens the door to rate cuts
| Headlines | August 2008 | July 2008 |
| Monthly index * Q1 '93 = 100 | 329.5 | 335.9 |
| Monthly change* | -1.9% | -1.5% |
| Annual change | -10.5% | -8.1% |
| Average price | £164,654 | £169,316 |
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Friday, September 05, 2008
UK Housing Market Crash Now at Minus 12.8% For August / Housing-Market / US Housing
By: Nadeem_Walayat
The Halifax's latest house price data shows that the housing market crash continued to accelerate into August, plunging by 1.7% that saw another £3000 wiped off house prices following the £3,300 write off for July to stand at down 12.8% on the year to August (on a non seasonally adjusted basis). UK house prices have now fallen by more than 8% since April. If a fall of 8% in 4 months cannot be considered a crash in UK house prices than I do not know what can. No wonder Chancellor Darling virtually threw in the towel during the weekend in his famous "I give up, please let me spend more time with my family" speech.Read full article... Read full article...
Wednesday, September 03, 2008
UK Housing Market Rescue Plan Will Fail as Government Seeks to Lasso First Time Buyers / Housing-Market / UK Housing
By: Nadeem_Walayat
Whilst house prices are tumbling at the rate of 2% a month, the labour government finally revealed its feeble attempt to interfere with market forces by suspending the 1% stamp duty taxed on house purchases on properties up to a value of £175,000 for a period of 1 year. Read full article... Read full article...
Tuesday, September 02, 2008
Chancellor Darling's Panic Move on Stamp Duty Freeze to Rescue Housing Market / Housing-Market / US Housing
By: Mike_Shedlock
The Telegraph is reporting Chancellor raises stamp duty threshold to £175,000 . Buyers of homes worth up to £175,000 will not have to pay stamp duty, Alistair Darling has announced, as he promised the country would "get through" the economic downturn.
In a surprise move to try to revive the housing market, the embattled Chancellor said that the £125,000 threshold at which buyers pay 1 per cent stamp duty will be raised from tomorrow and frozen at the new level for one year.
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Monday, September 01, 2008
When Will Southern California House Prices Bottom? / Housing-Market / US Housing
By: Mike_Shedlock
Inquiring minds are wondering about California home prices. My friend "BC" pinged me recently with the following thoughts: Were the Kuznets Cycle to confirm to past patterns, real median CA house prices will not again return to the '04-'06 levels for another 15-20 yrs., if then given the longer-term demographic profile, normalized lending standards, and likely slower real GDP growth trend (2% vs. 3-3.5%).
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Sunday, August 31, 2008
Fed Rate Cuts Fail to Halt US House Price Crash / Housing-Market / US Housing
By: Prieur_du_Plessis
Feldstein says low Fed rates may not stimulate growth
“Harvard University economist Martin Feldstein, a member of the committee that charts American business cycles, said the Federal Reserve cannot count on low interest rates to buoy economic growth.
“‘Lower interest rates are not going to get us anything more,' said Feldstein, who retired in June as president of the National Bureau of Economic Research. ‘The economy has really shown one sign after another of weakening.'”
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Friday, August 29, 2008
US Real Estate Another Bottom in Sight? / Housing-Market / US Housing
By: Peter_Schiff
Once again, real estate market watchers have pounced on a shred of seemingly positive news to proclaim that the long sought “bottom” is in sight. The routine is becoming extremely stale, but somehow the media never seems to tire of it. This time the “good” news was that the percentage declines in national home prices (according to Case Shiller) in July where not as large as they were in June. Although the report contained many other negative data points, including increased inventories and a spike in foreclosure sales, it was the slowing declines that got spotlight. Talk about grasping at straws. Read full article... Read full article...
Wednesday, August 27, 2008
UK Idiotic Tax Policy Demolishes Properties / Housing-Market / UK Housing
By: Mike_Shedlock
Previously we discussed the Growing Herd Of White Elephants in the US. Today, let's take a look at white elephants in the UK.Preemptive White Elephant Demolition
The Telegraph is reporting Buildings razed turning British cities into 'bombsites' .
Hundreds of buildings are being razed as a result of an empty property tax, turning British cities into "bombsites", a government regeneration chief said.
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Thursday, August 14, 2008
The US Housing Market Mess the Experts Missed / Housing-Market / US Housing
By: Mike_Stathis
The latest data on housing continues to worsen on most fronts.In fact, the data is now showing strong indications of bold predictions I mad in 2006 and as recently as May 2008 – the prime mortgages would be next. For those of you who did not read my May 13, 2008 article, “NAR's Yun Continues to Mislead on Housing” I have reprinted it below. Read full article... Read full article...
Tuesday, August 12, 2008
American Housing Rescue and Foreclosure Prevention Act / Housing-Market / US Housing
By: Dr_Ron_Paul
Recently Congress passed the American Housing Rescue and Foreclosure Prevention Act., also known as the Housing Bill. Its passage was lauded by many who are legitimately concerned about foreclosures and the housing market in our country's economy. I was asked how I could vote against a bill to help American homeowners, but I found this bill to have more to do with helping big banks than helping average Americans.Read full article... Read full article...
Friday, August 08, 2008
The Day That Alt-A Mortgages Died / Housing-Market / US Housing
By: Mike_Shedlock
Bloomberg is reporting Fannie Mae, Battling Losses, to End Alt-A Mortgages . Fannie Mae, the largest U.S. mortgage- finance company, will stop buying or guaranteeing Alt-A home loans, such as those that require little or no documentation of borrower incomes or assets, by yearend.
The company announced the changes when reporting its fourth straight quarterly loss today. The second-quarter net loss of $2.3 billion, or $2.54 a share, included $5.3 billion in credit- related expenses.
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Friday, August 08, 2008
UK Housing Market Freezes as Chancellor Dithers Over Stamp Duty / Housing-Market / UK Housing
By: Nadeem_Walayat
The crashing UK housing market is heading for a further deep freeze following speculation that the Chancellor, Alistair Darling is about to suspend the Stamp Duty tax charged on house purchases in an attempt to stabalise the housing market. The few buyers that are in a position to proceed with home purchases are now delaying completing contracts or pulling out altogether and thereby likely to make the collapse in the level of market transactions even worse, thus contributing to the squeeze on sellers, estate agents and other housing market transaction beneficiaries.Read full article... Read full article...
Sunday, August 03, 2008
US Housing Market Crunching Banks, Earnings and Economy / Housing-Market / US Housing
By: Prieur_du_Plessis
Housing, credit and labor … oh my! -“Recent data releases and reports suggest that the consumer will continue to be pressured on all fronts: income (or cash flow), wealth and credit. Consumers can spend using any of these buckets. However, with the labor market continuing to weaken, housing continuing to deteriorate and credit harder to come by, the outlook for spending remains bleak despite recent declines in gasoline prices. Read full article... Read full article...
Saturday, August 02, 2008
The Cost of Escalating Fed Bailouts is Sustainable Home Ownership / Housing-Market / Government Intervention
By: Money_and_Markets
Mike Larson writes: When is enough, enough? How much is too much?
Those are the questions I've been pondering lately as I survey the housing and mortgage market landscape. It seems like every week we get another borrower bailout initiative.
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Thursday, July 31, 2008
UK House Prices Falls Accelerate to -8.1% / Housing-Market / UK Housing
By: Nationwide
- The price of a typical house fell by 1.7% in July
- The price of a typical house is now £15,000 lower than this time last year
- Housing purchase activity reaches a new low
- Weakening economic conditions raise the likelihood of earlier interest rate cuts
Wednesday, July 30, 2008
US House Prices Suffer Record Falls In Case-Shiller Home Index / Housing-Market / US Housing
By: Mike_Shedlock
The May S&P/Case-Shiller Home Price Indices are now out. New York, July 29, 2008 – Data through May 2008, released today by Standard & Poor's for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show annual declines in the prices of existing single family homes across the United States generally continued to worsen in May 2008. Read full article... Read full article...
Monday, July 28, 2008
UK House Prices to Rise by 25% States National Housing Federation / Housing-Market / UK Housing
By: Nadeem_Walayat
The National Housing Federation (NHF) is forecasting that UK house prices will rise by 25% by 2013, that will take house prices upto an estimated £274,000 by 2013 from their current levels of approx £180,000 based on the Halifax House Price data. Read full article... Read full article...