Global Housing Market Forecasts
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April 30th, 2007

Housing Slump Could Lean Heavily on Economy


During the recent housing boom, U.S. house prices seemed to shoot up faster than crabgrass. Homeowners enjoyed an average increase of 54.4 percent in the value of their houses between 2001 and 2005, as measured by a house price index produced by the Office of Federal Housing Enterprise Oversight (OFHEO).1 However, as Tip O’Neil, the […]

April 29th, 2007

Rising foreclosures have widespread fallout


Filings in the U.S. were up 47% in March from a year ago, leaving a wake of vacant homes and overgrown yards for state and local governments to contend with. Even lenders are trying to help troubled borrowers.
Read Article[offsite]

April 29th, 2007

Housing Bubble Comparison: Bay Area Vs. Japan


The San Francisco Bay Area housing bubble is beginning to deflate. Home sales are in the midst of a 24 month decline, and median prices are falling throughout the nine-county region. To determine what will happen next, we’ll take a look at a similar housing bubble that occurred in Japan less than 20 years ago.
Read […]

April 29th, 2007

Slide in US home sales continues


Larry Elliott reports on the fresh evidence of the severe downturn in the US housing market with a sharp drop in the sales of new homes…
Read article [offsite]

April 28th, 2007

US Housing Bubble Meltdown: “Is it too late to get out”?


Treasury Secretary Henry Paulson delivered an upbeat assessment of the slumping real estate market on Friday saying, “All the signs I look at” show “the housing market is at or near the bottom.”

Baloney.
Paulson added that the meltdown in subprime mortgages was not a “serious problem. I think it’s going to be largely contained.”
Wrong again. […]

April 27th, 2007

More Bad News on the US Housing Market


Mike Larson writes I hate to sound like a broken record … I really don’t enjoy being tagged as the “doom and gloomer” of the bunch here … I wish I could do something fun like my good friend Sean Brodrick, who gets to traipse through Canadian uranium mines and tell you all about the […]

April 26th, 2007

Pick up in UK house price growth seals a May interest rate rise


Pick up in house price growth seals a May interest rate rise
• Pace of house price growth picks up in April, but trend still shows a gradual cooling
• Market demand has been supported by movers, but this too is beginning to wane
• Too rapid an increase in rates could destabilise the market
• Current economic conditions […]

April 25th, 2007

Illinois foreclosure filings up almost 62% in first qtr


Forclosures surge across the United States, with 62% rise in Illonois on 12months ago. Illinois ranks as the 12th state in foreclosure terms.
Read article [offsite]

April 25th, 2007

Death knell for India property boom?


Indian property executives told that their property boom would end in tears.
Read Article [offsite]

April 18th, 2007

Consequences of Housing Bubble Crash Ignored by the Media for 2 Years


Trouble in Squanderville - Two years ago, anyone who wrote about the housing bubble was dismissed as a conspiracy nut. Now hardly a day goes by that the headlines aren’t splattered with the details of the massive meltdown in the real estate market.
What changed? The facts are essentially the same today as they were back […]

April 17th, 2007

Property boom threatens old Beijing


Traditional home sells for £7.1m in part of the city once shunned by rich
Read Article [offsite]

April 16th, 2007

Hidden Home Price Decline In Silicon Valley Housing Market


The home price declines in Silicon Valley are anything but hidden for most people trying to sell their homes, but it doesn’t seem to show up in monthly and weekly reports that show slight YoY gains in the median prices. I have used Santa Clara County as a proxy for Silicon Valley and it is […]

April 13th, 2007

US Housing Market unraveling fast! Dollar breaking down!


Mike Larson writes I hate it when my dire forecasts come true. But my job is to call it like it is, and help you make sound investment decisions. So I keep my emotions out of the process, and focus on reality.
And when I look around me and see what’s going on in the markets […]

April 12th, 2007

Mortgage approvals weaken in the face of rising costs and prices


Following last week’s release of MBBG net lending figures for February, further information now available on lending to individuals shows that:

February’s gross mortgage lending was £14.9bn, 7% more than the £14.0bn in February 2006. In line with seasonal patterns, February was well down on January’s £16.6bn.
There were 167,000 mortgages approved (for all purposes) in February. […]

April 10th, 2007

Don’t Blame the Market for Housing Bubble and Crash


The U.S. housing market, long considered vulnerable by many economists, is now on the verge of suffering a serious collapse in many regions. Commodities guru and hedge fund manager Jim Rogers warns that real estate in expensive bubble areas will drop 40 or 50%. Mainstream media outlets like the New York Times are reporting breathlessly […]

April 5th, 2007

Asset Price Deflation: The New Rules of Real Estate


“Three Rules of Work: Out of clutter, find simplicity; from discord, find harmony; in the middle of difficulty lies opportunity.” ~ Albert Einstein
I mentioned a couple of weeks ago that our next piece would cover the “new rules of real estate,” as post-bubble asset deflation indicators dominate the landscape. Meanwhile, our latest article generated […]

April 4th, 2007

Who’s afraid of the US housing slump?


How the suckers robbed themselves in America’s biggest ever Ponzi scheme…
WHO’S AFRAID of falling home prices in the United States?
Bond investors might welcome a slump, says Bill Gross at Pimco. Head of the world’s largest bond fund, he now forecasts “an ongoing bond bull market of still undefined proportions” thanks to US interest rates falling […]

April 4th, 2007

Subprime Mortgage Problem Contained? Give Me A Break!


I think that some heads are going to roll when Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson are forced to admit that the subprime mortgage problem is not contained.  In my previous professional life, I worked as a sales person for a software company.  We as sales people were often referred to as […]

April 2nd, 2007

Special Report on the UK Housing Market : First-Time Buyers and Affordability /


First-time buyers hit by double whammy

New first-time buyers face double whammy of house price and rate rises
Higher house prices alone add £75 to typical first-time buyer monthly costs compared to last year. Interest rate increases bring this up to almost £120
Locking into a fixed rate loan this time last year would have saved a […]

April 1st, 2007

Landlords warned to pay tax as UK property lettings boom


A new trade and national advertising campaign launched in February advising landlords who let a room in their home or run a business, of the need to declare their earnings and pay tax on any profit.
Landlords who let multiple properties could be considered to be running a rental business. They should go to the HM […]

April 1st, 2007

Mortgage approvals weaken in the face of rising costs and House prices


Following last week’s release of MBBG net lending figures for February, further information now available on lending to individuals shows that:

February’s gross mortgage lending was £14.9bn, 7% more than the £14.0bn in February 2006. In line with seasonal patterns, February was well down on January’s £16.6bn.
There were 167,000 mortgages approved (for all purposes) in February. […]

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