Post Tagged with: "Housing"
ECRI: No Double Dip Recession
This is the analysis emanating from the ECRI: (CNN) – Op-Ed by Lakshman Achuthan and Anirvan Banerji The good news is that the much-feared double-dip recession is not going to happen. That is the message from leading business cycle indicators, which are unmistakably veering away from the recession track, following the patterns seen in post-World
UK House Prices Down As Housing Double Dip Takes Hold
Nationwide Building Society reported a fall of 0.7% in British house prices in October, furthering the double dip in the UK housing market. According to the figures released this morning, the smoother three-month average decline accelerated to 1.5%, leaving little doubt that the UK housing market is in the midst of a double dip. The
Real Estate Investors or Speculators?
By Vedran Vuk A friend of mine met an interesting real estate investor recently. The guy claimed that he escaped the entire market crash relatively unscathed. At first, I didn’t really believe it, but his strategy made a lot of sense. I thought that it was worth passing along. Essentially, he flipped houses throughout the
Chart of the Day: Homes in Australia and Hong Kong overvalued, in Japan and Germany undervalued
This time last year, The Economist’s survey of global house prices was a sea of negative numbers. That was then. Of the 20 markets tracked in our latest survey, only four still posted year-on-year declines and only Ireland’s property catastrophe has worsened. Source: The Economist
The Alchemy of Securitization
This is a cross-post from the new economic blog Global Economic Intersection. Ratings agencies have been criticized for inadequately determining risk in the massive collection of debt securities created in the credit bubble. A second major problem in the mortgage securitization process is the existence of holes in the legally required filings of mortgage documents.
The Fed wants asset price inflation not consumer price inflation
The Fed’s intent is not to create consumer inflation, but rather asset inflation — primarily in the equity market. By pulling longer-term bond yields lower, the Fed hopes that this will alter how investors value equities relative to the fixed-income market. Moreover, the Fed will be actively pushing up the value of bonds that exist
The Subprime Debacle: Act 2
Note from 19 Oct 2010: It has come to our attention that the substance of this post was originally penned by Gonzalo Lira, who posted it both at his site and at Zero Hedge this time last week. Initially we thought that there was some sort of agreement regarding the content even after Yves Smith
Demand for New Homes in U.S. is Far Below Prior Records
While demand for housing is near an all-time low for the post World War II era, the demand for new houses is at an all-time low approximately half of the previous lows, when adjusted for population growth.
Bubble Trouble In Finland?
by Edward Hugh According to an intriguing article I read in Bloomberg recently an alert signal has been sounded due to the fact that house prices in the Scandinavian countries have been rising very rapidly of late. Judging by what they explain what is now going on in the housing markets of Norway, Sweden and
Nationwide: UK House Prices Up Marginally in September
We are watching house prices in the United Kingdom and the United States to determine whether they have stabilized after the initial descent. This is crucial if these two countries are to avoid a double dip recession. So I am going to start reporting these figures again. Analysts such as Meredith Whitney have predicted a
Wednesday Washington Watch
by Annaly Capital Management Today Mike Farrell appeared as a panel participant at a House Financial Services Committee entitled The Future of Housing Finance – A Review of Proposals to Address Market Structure and Transition. The comments of each panel participant are available on the committee’s website. We post Mr. Farrell’s comments below. Chairman Frank,
Meredith Whitney: Next Shoe to Drop Is Municipal Bonds
Meredith Whitney has a new report out that she has been working on for two years called "Tragedy of the Commons" in which she rates several U.S. states. Based on Whitney’s analysis, problems in municipal finance could be the next systemic risk down the pike (video of Whitney speaking to CNBC’s Maria Bartiromo below runs