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Latest blogosphere posts tagged “housing bubble,”

  • Luster Of First-Time Buyer Credit Is Going To Wear Off


    Housing DoomAuthority Authority: 580
    Home sales are up this month, but this "good news" is not going to last: Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed Monday. The National Association of ...
    3 hours ago
  • VI.D Preview: up to 600 Bank Failures by 2011 - Fed ex-Gov


    Housing DoomAuthority Authority: 580
    Doom Transcripts: Index & Guide We’re now a bit over half done coding the under construction transcript VI.D for AEI’s November 12, 2009 event "Is It Possible to Reprivatize the U.S. Financial System?" 1 As usual, there have been some interesting moments. Somewhere around the 37th minute former ...
    13 hours ago
  • Vulture Funds Raising Profits By Reducing Principal Balances On Mortgages


    Housing DoomAuthority Authority: 580
    When a lousy economy gave them lemons, "vulture" investment firms have found a way to make government backed lemonade: Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value. Then, in what might seem an act of charity, the funds are helping homeowners ...
    13 hours ago
  • Renters Often Don’t Know Their Options In Foreclosure


    Housing DoomAuthority Authority: 580
    There are now a variety of options for renters whose landlords face foreclosure- but the renter doesn’t always know it: Despite anti-foreclosure initiatives by the government and lenders, the housing crisis has continued to worsen. Foreclosure notices totaled a record high of nearly 938,000 in just the third ...
    1 day ago
  • A Pro-Free-Market Program for Economic Recovery


    StupidicaAuthority Authority: 172
    As you all know, we are in a severe economic downturn. The official unemployment rate now exceeds 10 percent and according to many observers is actually substantially higher. Within the last year or so, our financial system has been rocked to its foundations. The collapse of the housing bubble and the numerous ...
    1 day ago
  • Blowing Up The Next Housing Bubble


    Understanding GovernmentAuthority Authority: 437
    The New York Times’ David Stretfield has a very good piece today about Housing and Urban Development’s Federal Housing Administration pouring money into the real estate market. The Obama administration is “guaranteeing the mortgages of middle-class and even upper-class homebuyers.” And FHA is ...
    3 days ago
  • Op-Ed Friday: Fighting For The Right To Hang


    Housing DoomAuthority Authority: 580
    It’s Friday, and if you are part of our Doom’s typical demographic, likely as not you are an affluent white male - and this issue might not be near and dear to your heart.  For this mother of five though, I’m watching the battle of HOAs vs. clotheslines heating up- and I’m on the side of the clotheslines: ...
    3 days ago
  • Will Court Ruling Help Kill Commercial Real Estate Lending?


    Housing DoomAuthority Authority: 580
    A recent court ruling forcing Citibank to continue funding a New York development might be a case where developers win a battle, but loose the war: A ruling that Citigroup Inc. must resume lending to a stalled Syracuse, N.Y., mall project could push banks to revisit how they draft construction-loan agreements. ...
    3 days ago
  • 1 out of 7 NJ mortgages in trouble


    New Jersey Real Estate ReportAuthority Authority: 128
    From the Record: N.J. troubled mortgages grow to 14.5% As unemployed homeowners struggled to pay their mortgages, the percentage of New Jersey loans in foreclosure or at least a month behind on payments hit 14.5 percent in the third quarter, the Mortgage Bankers Association said Thursday. That means that almost ...
    3 days ago
  • Toxic Loans Ruled Cause Of Death For Banks


    Housing DoomAuthority Authority: 580
    This had to be an easy call- no one suspected the Butler.  Toxic loans have been found to be the cause of death for many banks : [ Hat tip Freedoms Phoenix! ] The coroner’s report left no doubt as to the cause of death: toxic loans. That was the conclusion of a financial autopsy that federal officials ...
    4 days ago
  • Canadas (Sub-Prime) Mortgage Market - Causing Concern for the Bank of Canada?


    FP Magazine DailyAuthority Authority: 501
    For most of this year, the markets have been discounting an economic recovery. That is, they have been in rally mode in anticipation that the worst is over. While that is likely, all that is left for debate is how meaningful the recovery will be and if it is sustainable. The G20countries have committed to not let ...
    4 days ago
  • New Residential Construction Report: October 2009


    Gulag BlogAuthority Authority: 170
    Subtitle : Government Sponsored Bounce Be Gone! Today’s New Residential Construction Report was another blow to the “Green Shoots” crowd with both single family permits and starts declining significantly on a month-to-month and year-over-year basis in most regions. This continues to indicate that the ...
    4 days ago
  • New Residential Construction Report: October 2009


    Paper Economy - A US Real Estate Bubble BlogAuthority Authority: 133
    Subtitle : Government Sponsored Bounce Be Gone! Today’s New Residential Construction Report was another blow to the “Green Shoots” crowd with both single family permits and starts declining significantly on a month-to-month and year-over-year basis in most regions. This continues to indicate that the ...
    4 days ago
  • New Residential Construction Report: October 2009


    Fuck BankersAuthority Authority: 170
    Subtitle : Government Sponsored Bounce Be Gone! Today’s New Residential Construction Report was another blow to the “Green Shoots” crowd with both single family permits and starts declining significantly on a month-to-month and year-over-year basis in most regions. This continues to indicate that the ...
    4 days ago
  • Holy Shhhh… Bubble Blog Is Back


    cVillainAuthority Authority: 132
    The wonderful folks at the Cville Bubble Blog have returned to answer a few questions for us, and like Rosanne Barr singing the national anthem, a gaggle of sorority girls trying to hit the high note in “Living on a Prayer”, or Nickelback anywhere, things don’t sound very good.  You may remember the last ...
    5 days ago
  • Want to Buy Some Crappy Properties? Hit Up the FDIC


    Jr Deputy AccountantAuthority Authority: 139
    WSJ : For more than a year, the Federal Deposit Insurance Corp. has been seeking a buyer for 36 partially built condos it inherited from a high-flying, short-lived Atlanta bank. The agency has been fending off vandals, haggling with architects and uncovering the developers blunders, all in a bid to dispose of this ...
    5 days ago
  • Alternative View: Housing Prices Have Fallen Significantly Towards the Trend


    Jesse's Caf AmricainAuthority Authority: 637
    Here is the graph associated with a view of the deflating housing bubble that shows we have appreciably fallen, further than the 25% in the blog entry from yesterday.For the details on this view read here.It appears that both sets of numbers, the ones above and the ones from yesterday, have been adjusted somewhat. ...
    5 days ago
  • Good News- Housing Starts Down


    Housing DoomAuthority Authority: 580
      Wall Street may not like it, but lower housing starts is good news for the housing market : Privately-owned housing starts in October were at a seasonally adjusted annual rate of 529,000. This is 10.6 percent (±8.7%) below the revised September estimate of 592,000 and is 30.7 percent (±8.3%) below the ...
    5 days ago
  • Housing Starts Down 10.6% Month on Month – Nuff Said!


    Fuck BankersAuthority Authority: 170
    The government sponsored housing bounce is dead… more on the new residential construction numbers later….
    5 days ago
  • Housing Starts Down 10.6% Month on Month – Nuff Said!


    Gulag BlogAuthority Authority: 170
    The government sponsored housing bounce is dead… more on the new residential construction numbers later….
    5 days ago

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