Directory —
Real Estate —
Blog Details for "National Bubble"
National BubbleNational BubbleNews and commentary about the Real Estate bubble. Exposing the financial bubbles in the US economy and the greedy people behind it. Articles
Consumer confidence: worst in 26 years
2008-04-25 18:08:00 I wonder what this is going to do to the housing market. According to CNBC: Consumer Mood Sours as Inflation Fears Grow U.S. consumer confidence fell for a third straight month in April, hitting its weakest in 26 years, on heightened worries over inflation and the sagging housing market, a survey showed Friday. The Reuters/University of Michigan Surveys ... More About: Real Estate , Confidence , Years
It was a ?Real Estate National Bubble?
2008-04-25 13:35:00 Bankrate.com published this very good analysis of the state of the housing market in the US. What drives housing cycles Subprime loans goosed demand for housing The severity of the current housing cycle has been exacerbated, Dotzour explains, by two factors. 2 factors exacerbating the market’s woes: ? Lenders flooded the housing markets with subprime loans that enabled borrowers who ... More About: National , A Real Estate , Estate , Real Estate , Mortgages
New home sales plunge
2008-04-24 20:38:00 Can the housing market get any worse? You bet it can. More About: Real Estate , Sales , Home , Mortgages , New Home Sales
Democrats keep pushing their bailout plans
2008-04-24 19:22:00 This from CNNMoney.com: House panel OKs $15 billion housing bill WASHINGTON (AP) — Democrats pushed a $15 billion housing bill through a House committee Wednesday over the objections of Republicans who called it a government bailout. The measure would send federal loans and grants to cities and counties hit hardest by the housing crisis so they could ... More About: Real Estate , Plans , Mortgages , Bailout
No light at the end of the tunnel for homebuilders
2008-04-24 18:47:00 According to CNNMoney.com: Homebuilders: No recovery until 2009 NEW YORK (CNNMoney.com) — The damaged housing and home construction markets will continue to take a beating at least through the end of the year, according to economists who spoke Thursday at a forecast conference sponsored by the National Association of Home Builders. The economists said the deterioration of the ... More About: Real Estate , Mortgages , Light , Tunnel
New Home Sales: more bad news
2008-04-24 16:20:00 The slump in the housing market continues. According to CNBC: New-Home Sales Tumbled A Surprising 8.5% in March New single-family U.S. home sales fell by an unexpectedly steep 8.5 percent in March and the median sales prices versus a year ago dropped by the largest amount since 1970, a government report showed. The pace of sales slowed to ... More About: News , Real Estate , Bad News
Shiller: Home prices could fall up to 45% in some areas
2008-04-24 13:37:00 This from Courant.com: NEW HAVEN - Robert J. Shiller began a talk Tuesday by joking about his reputation for bearing bad news. Then he offered some: Housing prices nationwide could plunge more than the 30 percent fall from 1925 to 1933, the Yale economist said, invoking the dark days of the Great Depression. “I think there’s a ... More About: Real Estate , Home , Mortgages , Fall , Prices
The Florida luxury home market is in trouble
2008-04-24 13:11:00 We’ve said here in this blog many times in the past: the higher-end real estate market won’t be immune to this housing meltdown. And we’re starting to see that now. According to CNBC: Florida ’s Luxury Home Market Shows Signs of Wear The surprisingly healthy market for oceanfront mansions and palatial condos in Florida, one of the most ... More About: Real Estate
Mortgage Meltdown Map: California Crash
2008-04-23 17:14:00 This map shows the areas in California that are most impacted by the housing and mortgage meltdown. Pretty scary, isn’t it? More About: Real Estate , Mortgage , Mortgages , Crash
Existing home sales fell in March
2008-04-23 16:14:00 According to CNBC: Home Sales , Prices Tumble Again As Inventory Swells of existing homes fell in March while the median home price declined, compared with the price a year ago, as a severe slump in housing showed no signs of abating. The National Association of Realtors said that sales of existing single-family homes and condominiums dropped by 2 ... More About: Real Estate , Mortgages
Housing bailout plans won?t work
2008-04-23 13:28:00 This from CNNMoney: NEW YORK (CNNMoney.com) — Congress appears eager to help more than a million homeowners facing foreclosure, but a proposal aimed at fixing the battered housing market could instead end up as the latest blow to a recovery. Backers say borrowers would get out from under unworkable debt and original lenders would get back more ... More About: Real Estate , Work , Housing , Plans , Mortgages
More bad news for the housing market in South Florida
2008-04-23 02:13:00 The Sun Sentinel reports the following: Price of existing homes in South Florida continues to plummet South Florida’s housing market continues to deteriorate and real estate experts say there’s no end in sight. The median price of an existing Palm Beach County home sold last month was $320,200, down 15 percent from $375,100 in March 2007, the Florida ... More About: News , Real Estate , Market , Bad News
Median home prices dropped 14.7% in the West in just one year
2008-04-22 16:07:00 More horrible news from the National Association of Realtors: Existing-Home Sales Slip in March Existing-home sales edged down in March, remaining within a narrow range of sales activity that has persisted since last September, according to the National Association of RealtorsŪ. Existing-home sales ? including single-family, townhomes, condominiums and co-ops ? were down 2.0 percent to a seasonally ... More About: Real Estate , West , Mortgages , Year
Fannie Mae and Freedie Mac are in big trouble
2008-04-22 13:55:00 Fannie Mae and Freedie Mac are in big trouble and this will cost taxpayers many billion dollars. According to CNNMoney.com: The trillion-dollar mortgage time bomb NEW YORK (CNNMoney.com) — Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac. Although ... More About: Real Estate , Mortgages , Fannie Mae
Economists believe US is going into a recession
2008-04-21 16:24:00 According to CNBC: Economists Even More Gloomy About US Prospects Business economists are turning pessimistic about the U.S. outlook and increasingly fear economy will slip into a recession in coming months. The National Association for Business Economics said Monday that the 109 members who responded to its quarterly survey between March 24 and April 8 were “notably downbeat” ... More About: Recession
The housing crash in Orange County, CA
2008-04-21 13:43:00 Great article on BusinessWeek shows how Orange County, CA has gone from boom to bust. The Other Orange County A 1,000-square-mile swath of well-heeled suburbia just south of Los Angeles, the “O.C.” was the main headquarters for dozens of mortgage companies that have now gone bust, among them Ameriquest, once the nation’s largest subprime lender, and New ... More About: Real Estate , Housing , Mortgages
Americans are just walking away from their homes
2008-04-18 05:42:00 We have reported about this in the past and the problem seems to be getting worse by the day. According to CNBC: Increasing numbers of Americans are simply walking away from their houses and mortgages, increasing pressure on banks and the economy. Rapid house price falls in many parts of the United States will soon leave as ... More About: Real Estate , Walking , Homes , Mortgages
Home construction falls sharply in March
2008-04-16 15:43:00 It seems like nobody wants to buy a home anymore. Can the housing industry get any worse? You bet it can. According to Reuters: Home starts fall in March WASHINGTON (Reuters) - U.S. home building projects started in March fell by 11.9 percent to a lower-than-expected annual rate while building permit activity, a sign of future construction ... More About: Real Estate , Construction , Falls
The next wave of foreclosures
2008-04-16 13:15:00 Excellent article from Slate: Here Comes the Next Mortgage Crisis California is to mortgage lending what Chicago is to pork bellies. For years, that meant it was a place with soaring house values; today, the foreclosure rate across the state is twice the national average and going up fast. Riverside County, outside Los Angeles, may be the foreclosure ... More About: Real Estate , Foreclosures , Mortgages , Wave
US Foreclosure Filings keep going up
2008-04-15 16:05:00 More horrible news for the housing market this morning. According to AP via Yahoo Finance: Foreclosure Filings Against US Homeowners Soar 57 Percent in March; Bank Repossessions Surge The onslaught of homes facing foreclosures has yet to ebb, a research report showed Tuesday, with bank repossessions skyrocketing last month as more troubled homeowners mailed in their keys ... More About: Real Estate , Mortgages
Are Americans shopped out?
2008-04-15 13:46:00 More examples of the bubble mentality that put us in this financial mess to begin with. More About: Americans
The housing bubble is bursting all over the world
2008-04-14 17:22:00 According to the New York Times: DUBLIN ? The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices swooning from the Irish countryside and the Spanish coast to Baltic seaports and even parts of northern India. This synchronized global slowdown, which has become increasingly stark in recent ... More About: World , Real Estate , Housing Bubble , Housing , The World
Congressional Budget Office report: house prices expected to continue to de
2008-04-14 04:11:00 According to a new report by the Congressional Budget Office , all these proposed bailout plans would reduce the number of foreclosures but won’t do much to prevent home prices declines to continue. Read the whole report here. The housing markets and financial markets are both in the midst of severe adjustments. House prices are falling rapidly, ... More About: House Prices , Real Estate , Report
Listen to this Marketplace Money special about the housing crash
2008-04-13 19:30:00 /* Courtesy of StopTheHousing Bailout.com More About: Money , Real Estate , Listen , Special
The South Florida housing market is in big trouble
2008-04-12 13:34:00 According to the Sun Sentinel Online: Despite falling prices, many first-time buyers left out of the market First-time home buyers just can’t win. Many were left out of the market during the housing boom of 2000 to 2005 because homes were too expensive. But now, even with sellers desperate and prices plummeting across South Florida , first-time buyers still ... More About: Real Estate , Market , Housing
McCain now supports a housing bailout
2008-04-11 17:23:00 This is what John McCain said about housing a couple of weeks ago. According to the NY Times, this is what McCain is now saying: McCain Shifts on Aid to Some Mortgage Holders Senator John McCain, who drew criticism last month after he warned against broad government intervention to solve the deepening mortgage crisis, pivoted Thursday and called ... More About: Real Estate , Housing , Mortgages , Bailout
Consumer confidence: worst in 26 years
2008-04-11 16:45:00 The bad news for the U.S. economy just keep coming. According to CNBC: U.S. consumer confidence fell to its lowest in more than a quarter century in early April, diving deeper into recessionary territory on heightened worries over inflation and jobs, a survey showed Friday. The Reuters/University of Michigan Surveys of Consumer s said its preliminary ... More About: Confidence , Years
McCain mortgage bailout plan
2008-04-11 06:57:00 Yes, McCain is also proposing his own mortgage bailout plan. According to Reuters: McCain outlines plan to ease U.S. housing crisis NEW YORK (Reuters) - Republican presidential candidate John McCain outlined plans on Thursday to ease the burden on struggling American homeowners, drawing fire from Democratic rivals who accused him of a half-hearted effort. McCain, an Arizona senator ... More About: Real Estate , Mortgage , Mortgages , Plan , Bailout
Riskiest housing markets in the U.S.
2008-04-10 23:07:00 According to PMI: 1. Riverside-San Bernardino-Ontario, CA 2. Las Vegas-Paradise, NV 3. Orlando-Kissimee, FL 4. Fort Lauderdale-Pompano Beach- Deerfield Beach, FL 5. Phoenix-Mesa-Scottsdale, AZ 6. Santa Ana-Anaheim-Irvine, CA 7. West Palm Beach-Boca Raton-Boynton Beach, FL 8. Sacramento-Arden-Arcade- Roseville, CA 9. Tampa-St. Petersburg-Clearwater, FL 10.Los Angeles-Long Beach- Glendale, CA More About: Real Estate , Markets , Housing , Mortgages
Britain?s real estate bubble is bursting
More articles from this author:2008-04-10 21:08:00 This is from the Economist: Britain ’s property boom turns to bust: prepare for a hard landing Prices, which had been drifting slowly lower over the winter, have started falling more rapidly and dropped 2.5% in March, according to Halifax, part of HBOS and the country’s biggest mortgage lender. The biggest monthly drop since September 1992 prompted widespread ... More About: Estate , Real Estate , Real , Bubble 1, 2, 3, 4, 5, 6, 7 |
