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
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
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
Condo crash
2008-04-10 13:41:00 More evidence of the housing crash. Condo projects all over the country are being postponed. More About: Real Estate , Crash
Paul Krugman: In places like Miami or Los Angeles, you could be looking at
2008-04-10 13:25:00 Fortune Magazine interviewed Princeton economist Paul Krugman : How far do you think home prices will fall? My preferred metric is the ratio of home prices to rental rates. By that measure, average home prices nationally got way too high. We’ll probably basically retrace all that. So that’s about a 25% decline in overall home prices. Only a ... More About: Real Estate , Los Angeles , Miami , Places
The White House has a new housing plan
2008-04-09 20:39:00 According to the New York Times: WASHINGTON ? The Bush administration on Wednesday proposed a new effort to help homeowners in danger of foreclosure by loosening the eligibility criteria for new mortgages insured by the federal government. The program seemed designed, at least in part, to pre-empt legislation sought by Congressional Democrats for a much broader ... More About: House , Real Estate , White House , White , Housing
Oil hits new record price: $112
2008-04-09 20:04:00 According to Yahoo Finance: Oil surges to record on weak supply NEW YORK (CNNMoney.com) — Oil prices surged to record levels Wednesday after a government report showed an unexpected decline in crude supplies. Light, sweet crude for May delivery rose $3.55 to $112.05 a barrel, after touching a record $112.15 in Globex trading. That beat the intraday mark ... More About: Commodities , New Record , Price , Hits , Record
IMF: The U.S. is falling into a recession
2008-04-09 17:54:00 According to the USA Today: U.S. falling into recession, IMF predicts; world to feel pain WASHINGTON (AP) ? The world economy will slow sharply this year, according to an International Monetary Fund forecast, with the United States sliding into a recession amid housing, credit and financial slumps. The IMF, in a World Economic Outlook released Wednesday, slashed growth ... More About: Real Estate , Mortgages , Recession
George Soros: subprime losses could be up to $1 trillion
2008-04-09 17:19:00 According to Reuters via Yahoo Finance: Soros says global subprime losses could top $1 trillion NEW YORK (Reuters) - Billionaire investor George Soros said on Wednesday that global losses from the subprime mortgage debt crisis could top $1 trillion. “Losses being recognized now amount to $1 trillion,” from the subprime mortgage debt crisis, said Soros, asked about an ... More About: Real Estate , George Soros , Mortgages
Greenspan keeps ignoring the facts
2008-04-09 13:59:00 According to CNBC: Fed Didn’t Inflate the Housing Bubble: Greenspan Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing bubble, and instead blamed professional investors. In an article in Monday’s Financial Times newspaper, Greenspan wrote that the housing bubble which inflated between ... More About: Facts , Real Estate , Mortgages
Greenspan Goes on Defensive
2008-04-09 13:29:00 This from the Wall Street Journal: I was praised for things I didn’t do,” Mr. Greenspan said during one of three interviews at his sun-drenched office in downtown Washington, D.C. “I am now being blamed for things that I didn’t do.” Now 82 years old, Mr. Greenspan wants to set the record straight before the ink dries ... More About: Real Estate , Mortgages
Bush is against the current version of the housing bailout
More articles from this author:2008-04-08 21:07:00 This is great news!!! Reuters just reported the following: White House says can’t support Senate housing bill WASHINGTON (Reuters) - President George W. Bush cannot support a homeowner rescue bill drafted by Senate lawmakers because it contains too many costly and extraneous elements, his spokeswoman said on Tuesday. Specifically, the White House rejects provisions that would give a ... More About: Real Estate , Current , Housing , Mortgages 1, 2, 3, 4, 5, 6, 7 |
|
