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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
Thank you Mr. Bernanke - Oil jumps above $100
2008-02-19 21:05:00 According to AP via Yahoo Finance: NEW YORK (AP) — Oil futures shot to a new record above $100 Tuesday for the first time since Jan. 3 as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon. There was ... More About: Commodities , Bernanke
Mortgage rates go up as the Fed lowers short-term rates
2008-02-19 16:50:00 It looks like a paradox but this shouldn’t surprise anybody. When the Fed lowers short-term interest rates, long-term rates (those that determine mortgage rates) do sometime go up making housing even less affordable. Bankrate.com explains this apparent contradiction. When Ben Bernanke, chairman of the Federal Reserve, hinted yesterday that more rate cuts might be in the offing, ... More About: Mortgage , Mortgages , Short-term , Short , Rates
How will Barack Obama and Hillary Clinton approach the housing crash proble
2008-02-19 16:10:00 We know that both, Barack Obama and Hillary Clinton , are far from free market proponents but they have some differences when it comes to dealing with the mortgage meltdown, mounting foreclosures, and the burst of the real estate bubble. Since I believe that is almost a fact that one of the them will become the next president of the ... More About: Real Estate
Back to reality
2008-02-18 19:35:00 The party is over, you can’t keep using your home as an ATM. The stock market is going nowhere. Home prices are going down. Credit is getting more difficult to get. So now it is all about jobs and that is where the problems begin. Excellent article in Yahoo Finance. Even when experts were declaring the economy healthy, ... More About: Reality , Real Estate , Back , Mortgages
Housing crash links of the day
2008-02-18 12:02:00 Home Prices Start to Dip, Recalling ?90s Slump Fed’s Major Worry May Be Credit Crisis, Not Recession UBS Facing Subprime Banking Investigations: WSJ US budget deficit set to hit $410bn US urged to focus on housing crisis Last year?s model: stricken US homeowners confound predictions More About: Real Estate , Links , Housing , Crash
Housing crash links of the day
2008-02-16 12:50:00 Stormier Weather Employment Drops in a Pink Slip Blizzard ‘It’s going to be much worse’ Florida investigates Countrywide Financial Low rates won’t create a new bubble A Home Is For Living, Not Investing Full Service For Empty Houses More About: Real Estate , Links , Housing , Crash
Housing crash links of the day
2008-02-15 13:04:00 Economist: The future is bleak More About: Real Estate , Links , Housing , Crash
Lifeline is NOT a silver bullet
2008-02-12 20:57:00 Another attempt by the Feds and the banks to stop the flood of foreclosures due to the burst of the housing market. They are coming out with a new plan almost every day and they don’t seem to be working so far. The new plan is called “Lifeline” and it will try to suspend foreclosure ... More About: Real Estate , Silver , Mortgages , Bullet , Silver Bullet
The problem is more than just subprime
2008-02-12 18:11:00 This CNBC article makes some good points explaining how the credit crunch is a lot more than just subprime lending. As home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their payments for home loans, auto loans and credit cards at a quickening pace, according to industry ... More About: Real Estate , Problem , Mortgages , Subprime
How retiring baby boomers might sink the housing market
2008-02-11 23:23:00 Good article from the LA Times WASHINGTON — The common perception among economists is that the current housing mess will be a relatively short-term affair that should see a return to normalcy within the next few years. But, according to a new study by two USC researchers, problems of greater proportion lie just ahead. They call it ... More About: Baby , Real Estate , Market , Housing , Boomers
Even Marin County, CA is suffering with the burst of the housing bubble
2008-02-11 23:08:00 Interesting article on the Marin Independent Journal. Loans were made to borrowers who did not have to provide documentation to substantiate income. No-down-payment loans were common. It’s hard to believe some of the biggest lending institutions could behave this way. But everyone (except for the prudent few) believed prices would continue to rise, creating ever-increasing equity making ... More About: Real Estate , Housing Bubble , Housing , Mortgages , County
The building of a bubble
2008-02-11 12:41:00 America built the last economic boom on leverage. While the rest of the world has been saving money, we’re spending it. Just like in any average household, at some point, we will have to pay the bills. TheSpectrum.com has a good analysis of our economic bubble. During World War II, Americans were asked to buy savings bonds. ... More About: Building , Real Estate , Mortgages , Bubble
Housing crash links of the day
2008-02-08 12:53:00 Foreclosure auctions clog the courts Recession Fears May Push Companies to Tighten More STIMULUS PLAN A SCAM TO BENEFIT THE RICH Home equity loan defaults soar What if House Prices Fall by 30% Worldwide? Worse is yet to come in housing crisis Stores Had Disappointing January Sales More About: Real Estate , Links , Housing , Mortgages , Crash
Massive foreclosure auctions in South Florida
2008-02-08 12:49:00 If you think that the housing market is bottoming, take a look at this article in the Miami Herald. Things are getting worse as more foreclosures are clogging the courts in Florida . This at a time when unemployment is very low. Imagine what is going to happen later this year when more people start losing ... More About: Real Estate , Foreclosure , South , Mortgages
Buffett talks about toxic mortgages
2008-02-08 10:50:00 When Warren Buffett talks, everybody listens. And he seems to have a lot to say now. In an interview published by Reuters, Buffett said: “It’s sort of a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end,” he said. he warned that the U.S. dollar ... More About: Real Estate , Mortgages , Toxic , Ages
Home builders keep loosing money
2008-02-07 21:49:00 Another day, another home builder reporting huge losses. According to AP via Yahoo Finance: FORT WORTH, Texas (AP) — D.R. Horton Inc., the nation’s largest homebuilder, said Thursday it swung to a loss in its fiscal first quarter, due to hefty charges to write off inventory and land values as the housing slump continues to worsen. Losses for ... More About: Money , Real Estate , Home , Builders
Pending home sales fall 1.5%
2008-02-07 16:46:00 The real estate bubble keeps bursting. The housing numbers keep getting worse. Today the National Association of Realtors released their “pending home sales” index and as expected, the numbers are horrible. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in December, slipped 1.5 percent to a reading of 85.9 from a downwardly ... More About: Real Estate , Fall
Housing crash links of the day
2008-02-07 16:29:00 Realtors: Another home price drop in ‘08 Pending U.S. Home Sales Fell 1.5% in December, Signaling Continuing Slump Pending Home Sales Fall in December Facing losses on bad loans, banks boost credit card rates Pending Home Sales Skid More Than Expected Platinum powers to record high of $1,850 Jobless Claims Show Labor Market Strain Troubled homeowners: Can’t pay? Just walk away Florida’s foreclosure ... More About: Real Estate , Links , Housing , Crash
The wisdom of Gary North
2008-02-06 17:59:00 This is what Gary North said back in May 2004. He was right on the money. Don’t you think? Real estate today is an asset bubble. Rents usually won’t cover mortgage/ tax/ insurance costs. But real estate can conceal the bubble longer than any other class of asset because it can be occupied by the borrower. ... More About: Real Estate , Wisdom
Housing crash links of the day
2008-02-05 19:58:00 Listing prices now 105K below peak U.S. Stocks Fall After Service Industries Unexpectedly Shrink Lacker Sees Recession Risk, More Cuts May Be Needed Business confidence stalls Rx for an ailing economy Stocks pounded as recession fears spread; Dow off 300 Tighter Lending Standards “Hurt” Those Needing Help San Fernando Valley, CA sales dropped 51% in December Construction work suffers 11% unemployment More About: Real Estate , Links , Housing , Mortgages , Crash
Are we going into a recession?
2008-02-05 17:54:00 The most likely answer is “yes”. The services sector is now feeling the pain of the credit crunch and the burst of the housing bubble. According to CNBC: The U.S. services sector retrenched sharply in January to levels not seen since the 2001 recession, renewing fears about an economic slump, according to a survey released Tuesday. The Institute ... More About: Real Estate , Recession
It was all about Greed
2008-02-05 12:37:00 Take a look at what Diana Olick from CNBC posted on her blog commenting about a FT article. I love Diana, she is a common sense lady who reporting right in the middle of the last real estate bubble. She saw first-hand how greed played a roll on feeding the housing bubble and how those ... More About: Real Estate , Mortgages , Greed
If we only had some common sense
2008-02-04 18:57:00 We (Americans) have been living in a dream world for the past 6 years. We came out of the dot.com bust and even 911 with minimal financial pain. Alan Greenspan made sure there was plenty of money to go around so Americans could keep spending money. Now we have the burst of the housing bubble and ... More About: Sense , Real Estate , Common , Mortgages , Common Sense
Jim Rogers knows our financial bubble is bursting
2008-02-04 16:06:00 I always had a lot of respect for Jim Rogers . This is a guy that puts his money where his mouth is. I’m glad to see that there are other people out there with enough common sense to realize what we (the U.S.) are doing to fix our financial markets (interest rates cuts and stimulus ... More About: Financial , Bubble , Jim Rogers
The big housing meltdown is coming
2008-02-03 12:39:00 Finally, the rest of the world is seeing what I and many other bloggers have been saying for years. The U.S. housing bubble is bursting and the effects will impact the whole economy. BusinessWeek has a cover story about this same issue. Some experts have begun to suggest that a bottom is in sight. Pali Research ... More About: Real Estate , Housing , Mortgages
It?s time for Realtors to get real jobs
2008-02-03 12:38:00 It looks like Real tors are finally realizing that the easy money is gone. The OC Register reports that California real estate licenses suffer first drop since 1999. California real estate licenses dropped last month from the year before for the first time since March 1999, ending a 7 ½ upswing in which licensees increased by 81 ... More About: Real Estate , Jobs , Time
Housing crash links of the day
2008-02-03 12:05:00 Mortgage mogul Angelo Mozilo made a killing Still no sign of housing market hitting bottom Number of foreclosures soared in 2007 New home sales fell by record amount in 2007 U.S. 10-city home price drop a record in Nov: S&P U.S. Fed Must Continue to Cut Interest Rates to Keep Bubble Going Investors Rush to Gold More About: Real Estate , Links , Housing , Crash
Now, you need a bigger down payment
2008-02-02 14:37:00 Sanity is finally coming back to the lending industry. Nowadays, if you want to get a loan to buy a home, you need to come up with a higher down payment. Lenders have lost a lot of money in the past couple of years and they are not taking any chances. According to the Miami Herald: Getting ... More About: Real Estate , Mortgages , Payment
The similarities between the Japanese housing bubble and ours
2008-02-01 17:22:00 Very interesting article by ReportOnBusiness.com. It reminds us that the bursting of the U.S. housing bubble will take a long time to bottom. Turns out the Japanese boom was built on a bubble of debt based on real estate as collateral. Corporations borrowed heavily on the strength of their real estate holdings and bought stocks. So ... More About: Real Estate , Housing Bubble , Housing , Bubble
Employers cut 17,000 jobs in January - First drop since 2003
More articles from this author:2008-02-01 15:46:00 The U.S. economy keeps moving closer to recession and the latest report from the Labor Department indicates that. The labor market is shrinking and that is going to impact the housing market in a negative way. According to AP via Yahoo Finance: WASHINGTON (AP) — Nervous employers cut 17,000 jobs in January — the first such reduction ... More About: Jobs , Employers , Drop 1, 2, 3, 4, 5, 6, 7 |
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