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Latest blogosphere posts tagged “housing bubble,”

  • Happy Days Are Here Again, Great Depression II.


    InvestmentWatchAuthority Authority: 450
    One of the Goldman Sachs banksters was on Bloomberg yesterday, Saturday November 14th, as only had it on a few minutes didn’t notice who it was, but he seemed very happy with himself possibly giving a smarmy impression. He was so incredibly upbeat on the global economy in particular for banksters. He was saying how ...
    1 hour ago
  • AEI Credit Crunch II: Complete Annotated Transcript


    Housing DoomAuthority Authority: 548
    1:27:42 No, might go wrong. - Allan Meltzer Doom Transcripts: Index & Guide Almost 19 months later, Doomers may enjoy putting some of these opinions up against what actually took place. Housing Doom is pleased to present a complete unauthorized annotated transcript for the American Enterprise ...
    15 hours ago
  • How ACORN destroyed the housing market


    StupidicaAuthority Authority: 166
    Over at the Wall Street Journal, theres a very interesting article that connects the dots between ACORN, the mortgage-lending-standard-destroying Community Reinvestment Act legislation, Fannie Mae and the eventual inflation and collapse of the housing bubble in last decade: As Allen Fishbein, currently an adviser for ...
    1 day ago
  • Yun Delivers Fantasy Real Estate Report


    Housing DoomAuthority Authority: 548
    "….and then the great housing bust ended in 2010 and they all lived happily ever after…." - Lawrence Yun , chief economist, National Association of Realtors O.K. Yun may not have said it exactly like that, but this looks pretty darn close. [ Thanks L! ] Home sales will increase 15 percent to about ...
    1 day ago
  • The Prosperity Gospel: breeding materialism and greed, causing the economic collapse


    Trends UpdatesAuthority Authority: 605
    There have been many explanations formed to render a clearer picture as to why the current global recession occurred after the burst of the housing bubble: ‘interest rates were too low, regulation failed, rising real-estate prices induced a sort of temporary insanity in America’s middle class.’ However, social ...
    2 days ago
  • Phoenix Housing Recovery? Not Really


    Housing DoomAuthority Authority: 548
      Dr. Jay Butler of ASU’s Realty Studies has released his monthly report on the Phoenix housing market.   He says he see’s "signs of recovery" in the market, but then goes on to say the market is "still bottoming out".  Here’s what Butler said about sales: In October, foreclosures on 3,815 homes ...
    2 days ago
  • What could be worse than a housing bust?


    Contrarian Stock Market Investing News - Featuring Bargain StocksAuthority Authority: 422
    If You Thought the Housing Meltdown Was Bad… Doug Hornig, Senior Editor, ( Casey Research ): …wait until you see what’s in the cards for commercial real estate. That’s right, the next train wreck will be in commercial real estate. Couldn’t be worse than last year’s residential market crash? That remains ...
    2 days ago
  • Sign of the times (Or how $415,000 became $895,000 and ended up $330,000)


    New Jersey Real Estate ReportAuthority Authority: 127
    Step 1: Buy a house for $415,000 (April, 2000) Step 2: Cash out to the tune of $600,000 (June, 2005) Step 3: Sell out and profit, a 115% gain in 6 years seems reasonable (May, 2006) MLS# 2276951 10 Brookvale Road, Kinnelon NJ (Smoke Rise) Listed: 5/11/2006 List Price: $895,000 Step 4: Hmm, ...
    2 days ago
  • Foreign Cenbank Holdings of US Obligations Weekly Update — to November 13, 2009


    Housing DoomAuthority Authority: 548
    Suddenly here’s another week where there’s just about no movement in foreign central bank holdings. The Fed’s own MBS holdings ticked up $1.179 billion, and the cenbanks’ total went down just a tad more than that. There’s a lot of volatility in the Treasury Debt weekly figure that’s coming out of ...
    2 days ago
  • Op-Ed Friday: Make A Contribution To The National Debt


    Housing DoomAuthority Authority: 548
    It’s Friday. Do you find yourself tired of huge deficits and a burgeoning national debt ? The Treasury would be more than happy to accept your donation : [ In the immortal words of Dave Barry, "I am not making this up." Hat tip L! ] WASHINGTON (Reuters) – Not sure what to give Uncle Sam this Christmas? How ...
    2 days ago
  • Efforts to re-inflate the housing bubble costing taxpayers


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 588
    After posting massive losses, yet again, Fannie and Freddie have warned that they will be needing another round of bailouts in the near future. Fannie Mae and Freddie Mac, already reeling in red ink, are warning they could face additional losses from the weakening condition of mortgage-insurance companies. ...
    3 days ago
  • FHA Is Getting Sick Of Feeding The Next Housing Bubble, To Raise Minimum Downpayment


    zero hedgeAuthority Authority: 771
    Developing story , and just a headline for now: FHA Weighs Raising Borrower Premiums, Minimum Downpayment. What a novel idea: to not feed another round of the same housing bubble that nearly destroyed the financial world. Someone in D.C. is really earning their salary.
    3 days ago
  • Chase apologizes for selling off couple’s home


    Housing DoomAuthority Authority: 548
      Oops.  It looks like one couple’s home loan was modified right out from under them : PHOENIX — Despite being up-to-date on their modified mortgage payments, a Valley couple found Chase foreclosing on their home. "You work so hard. Put a lot of money down on your house. You pay your taxes. You pay your ...
    3 days ago
  • October foreclosures up 19%


    New Jersey Real Estate ReportAuthority Authority: 127
    From the WSJ: US Foreclosure Filings Up 19% In Oct, But Positives Seen The number of U.S. properties for which a foreclosure filing was received grew 19% in October from a year earlier, but declined for the third month sequentially, an indication the foreclosure tide may be turning. … Foreclosure filings - ...
    3 days ago
  • Landlords- Double Check The Insurance Policy On That Vacant Rental


    Housing DoomAuthority Authority: 548
    Rental vacancy rates in the Phoenix area are at an all-time high.  Landlords are often stuck with empty properties for months, increasing the risk of vandalism and increasing the risk of loosing their insurance: [ Thanks L! ] Liz and Jerry Dawson expect their three Valley rental homes to be vacant at times, but ...
    3 days ago
  • THE GREEN CHUTES TO THE BASEMENT KEEP SUCKING UP HOMES


    InvestmentWatchAuthority Authority: 450
    “US Foreclosure Filings Surpass 300000 for 8th Straight Month” http://www.bloomberg.com/apps/news?pid=20601103&sid=aaXO2EVjAjb4 Regardless of who loans were made to by the banks and brokers and Wall Street, the bottom line is that if they had done the residential real estate loans on the following ...
    3 days ago
  • Robert Rubin: The Nexus Of Big Government and Wall Street


    Big GovernmentAuthority Authority: 811
    For anyone who thinks that big Wall Street and Big Government aren’t joined at the hip, promoting policies and laws that keep each other fat and happy often at the expense of the American taxpayer, consider the career of Robert Rubin. Rubin, of course, is largely gone from the public scene after spending 10 ...
    4 days ago
  • Treasury Suffering From An Appalling Lack Of Curiosity On Loan Mods


    Housing DoomAuthority Authority: 548
    Yesterday, the U.S. Treasury released it’s Making Home Affordable Program Servicer Performance Report .  Interestingly, the report didn’t actually say how well the loan mods were performing . [ Thanks L! ] Good news that more than 650,000 borrowers have been put into trial mods, no news that we have no idea ...
    4 days ago
  • New Jersey home prices down in Q3


    New Jersey Real Estate ReportAuthority Authority: 127
    From the National Association of Realtors: Metropolitan Area Existing-Home Prices and State Existing-Home Sales Metropolitan Area / Q3 Year over Year Price Decline Allentown-Bethlehem-Easton, PA-NJ / Down 6.1% Atlantic City, NJ / Down 10.4% New York-Northern New Jersey-Long Island, NY-NJ-PA / Down 14.1% New ...
    5 days ago
  • The Big Shift


    Ohaiyo Business MagazineAuthority Authority: 432
    In recent months, Ive repeatedly made the point that the financial crisis was a symptom, not a cause. Innovation was weaker than expected, private sector job growth outside of healthcare was virtually nonexistent, while real wages and real stock values showed little gains from the late 1990s to the end of 2007, when ...
    5 days ago

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