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Housing Blogroll
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Wednesday July 11, 2007
Subprime Derivatives Explained
A quick segment from CNBC. Watch this and you will understand what all this derivative and tranches stuff is. Very well done! |
Monday March 19, 2007
Mortgage Brokers >= Used Car Salesmen
All you have to do is open up your spam (e-mail) bin and you see porn spam, and you see Viagra spam, and you see mortgage spam - mortgage brokers are well on their way to overtaking used car salesmen on the list of professions least trusted by consumers.
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Wednesday March 07, 2007
Housing Blogger Network
 no, we are not delusional but we join a growing global army of folks that realize housing prices are out of whack with economic fundamentals
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Wednesday March 07, 2007
As housing goes bust, lenders turn predatory
We created as much debt in housing in the last six years as we did in the prior 50. CONGRESS is gearing up for hearings on predatory lending, the latest chapter in its long history of barn-door-closings on already-departed horses. | | | |
Wednesday March 07, 2007
Phoenix - Housing prices stand firm
according to Arizona State University's latest edition of the Arizona Blue Chip Economic Forecast, It may take sellers a little longer to close a deal on their homes, but odds are they're not going to be losing any money. | | | |
Saturday February 24, 2007
Shifting Housing Market Snubs Bad Credit
Homeowners with troubled credit histories are finding it 20 credit score points harder to get mortgages or refinance homes because softening in the housing market is making lenders less likely to handle riskier loans. | | | |
Monday February 19, 2007
Free Cruise Refi Home
I was at the big Nissan Open golf tournament last week in Los Angeles. Took this picture of some skywriting over Riviera Country Club in Pacific Palisades: |
Thursday February 01, 2007
One in every two have heard of housing bubble
According to the Experian-Gallup Personal Credit Index survey, one in every two adults nationwide say they have heard of the housing bubble, though only 19% have heard a great deal about it. Nearly half of consumers say housing price collapse is possible in their local residential real-estate market | | | |
Wednesday January 31, 2007
Construction Spending for December 2006
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during December
2006 was estimated at a seasonally adjusted annual rate of $1,177.7 billion, 0.4 percent below the revised
November estimate of $1,182.9 billion. The December figure is 1.4 percent below the December 2005 estimate
of $1,194.5 billion. | | | |
Thursday January 18, 2007
FRB Beige Book Housing January 2007
Eating lunch at the computer today I decided to read the FRBs Beige Book. I concluded that they are completely full of shiat - nothing seemed right - then I noticed that I was reading the beige book from January 2003 
Here is the correct summary of housing released yesterday: |
Thursday January 18, 2007
History of a housing bubble
Of Bubbles Past: A Chronological Listing of News Headlines from the Last Housing Bubble in Southern California | | | |
Tuesday January 16, 2007
Advice for Casey Serin from FuturesTrader
She realizes that she was duped into a relationship where you were dishonest, and it's only a matter of time before she gets rid of you. Divorce that woman and dump 50% of the debt on her. Once you get rid of 50%, you've gotten rid of a good chunk of your debt right there. After that has happened, you can worry about your bankruptcy. | | | |
Sunday January 14, 2007
Nevada - Auctions last less than 10 minutes
Still referred to as 'Call the Sale,' a caller appointed by the trustee, stands before the courthouse and starts the bidding. The same well-heeled group often shows up. Most know each other by name. Often there are well-meaning handshakes at the end of a particularly tough bid war. | | | |
Sunday January 14, 2007
Crash of the housing bubble will not be pretty
Millions of people stand to lose their homes and life savings. However, it was inevitable. The bubble created a fantasy world that could not continue. At the peak of the bubble, 160,000 people a week were buying a home, most at bubble inflated prices. The longer the bubble persists, the larger the group of people who paid way too much for their home. While it is not good that so many dreams had to be ruined, the number will be even larger if the bubble deflates slowly | | | |
Thursday January 11, 2007
Housing market pain not revealed by stats
Home sellers are crying but the data doesn't seem to reflect their woes. Why is there such disconnect between the numbers and reports from the front lines? | | | |
Thursday January 11, 2007
Homebuilder Lennar January 2007
Homebuilder Lennar (NYSE: LEN) will report fourth-quarter 2006 financial results on Wednesday, Jan.17. Expected to swing to a loss, with fourth-quarter earnings coming in at -$0.65 per share, compared to the $3.54 per share profit made the year before. | | | |
Thursday January 11, 2007
Slump May Persist for Several More Months
U.S. home prices rose substantially in the early years of this decade but declined in 2006. VOAs Barry Wood reports several experts say the slump is likely to continue through most of this year.
After rising an average 27 percent between 2002 and 2005, prices of existing homes fell two percent in 2006. | | | |
Thursday January 11, 2007
Wisconsin - Housing groups fight negative reports
Three trade associations representing builders, lenders and Realtors have launched a $150,000 public relations campaign here to counter what the groups call "an onslaught of negative national media coverage of the housing industry." | | | |
Wednesday January 10, 2007
Hawaii Market January 2007
According to the Multiple Listing Service for the year just ended, the average price of a single-family house was $941,434. "We have a saying," says Futch, who has been selling real estate on Maui for two decades: "The best time to buy on Maui is when you can just barely afford it." The median was $679,000 | | | |
Wednesday January 10, 2007
Real Estate Connect conference January 2007
According to a panel of real estate industry analysts today, the U.S. housing market will erode more in the first half of the year before emerging from this cycle's trough, unless employment sinks or the Federal Reserve is compelled to boost interest rates | | | |
Wednesday January 10, 2007
Americans struggle to afford housing
Last quarter, the median-priced home in San Francisco (most expensive U.S. market) was $759,000. That requires an income of $260,000 to be affordable. Mansfield, Ohio, homes cost a median $85,000, requiring $29,118 in income. | | | |
Tuesday January 09, 2007
Federal Reserve - Their Role in the Housing Crash of 2007
The bubble originated in 2001 when Greenspan lowered interest rates to a meager 1% and ignited a refinancing boom as well as a sudden up-tick in home sales. Now, after 17 straight interest rate increases, the bubble is quickly losing steamThe American people appear to be oblivious to the economic hurricane that is expected to touchdown in late 2007 | | | |
Tuesday January 09, 2007
Phoenix - More pain ahead for Valley real estate
The Urban Land Institute's real estate trends conference, going on today in downtown Phoenix. A panel that included a top land broker and some building executives agree one one thing: There's more pain ahead before the market bottoms | | | |
Tuesday January 09, 2007
Real Estate Depression of 2007?
 It can safely be said that at the beginning of 2006 America entered into a real estate recession and despite all rhetorical pumping and dumping of real estate inventory by mortgage bankers, brokers, Realtors, agents, builders and developers, the statistics show that we are now at the beginning of a long and protracted real estate depression | | | |
Tuesday January 09, 2007
Florida - Speculators fueled housing boom
At the peak of the Naples market in 2004 and 2005, as many as 50 percent of buyers may have been investors. This once-sleepy retirement haven on Florida's west coast was arguably the hottest housing market in the country. Builders held lotteries to determine who could purchase homes in new gated communities | | | |
Thursday January 04, 2007
Oregon housing market cools to 2002 levels
If you thought 2002 was a strong year on the Central Oregon real estate scene, then you'll probably like the cooled-down climate in the year ahead | | | |
Thursday December 28, 2006
Could the housing market cause a recession?
Most experts agree the housing market is due for a correction - many are asking whether the real estate market will drag the economy into recession | | | |
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