Share
From the Case-Shiller PDF release today.
Steep Declines in Home Prices Continued in April 2008 According to the S&P/Case-Shiller Home Price IndicesNew York, June 24, 2008 – Data through April 2008, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show annual declines in the prices [...]

Share
I keep a bunch of articles on my blog’s sidebar as a reminder of what was being said about the housing bubble, when and by whom. One article I omitted is from The Economist, warning of a ‘global’ housing bubble and illustrating residential property price increases across a swathe of countries. As this [...]

Share
Mike Morgan is a Florida real estate professional with years of experience. He is often featured on Mike Shedlock’s site with his commentary of Florida real estate as ground zero in the housing bubble. He writes about his basic premise that we have been in the eye of the storm, but that there [...]

Share
The Washington Post has a story on regional and healthy banks that I highly recommend. Essentially, we are past the first wave of writedowns and are moving into phase two where it won’t be about derivatives and RMBS’s as much as underlying loan losses and collateral damage in commercial property and construction loans. [...]

Share
From Firstrung:
UK house prices fall 1.2% in June as house price growth reaches near zero for past twelve months – Rightmove

U.K. house prices have declined by their biggest amount so far this year as buyers shun the market, thereby deepening Britain’s property [...]

Share
I am running a small poll on my site on how far home prices will fall. I’d like everyone to take it to get a good sample of opinions out there. Visit my site and you’ll see the poll right at the top right on the sidebar.
Where are prices going? What do you [...]

Share
Freddie Mac has reported that 30-year fixed-rate mortgages are at an nine-month high. What this will mean for the mortgage market during these critical summer months is anyone’s guess.
My best guess is that, combined with tighter lending standards, especially in subprime, these lending rates will depress the number of first-time home buyers. [...]

Share
I caught this story over at FT Alphaville. Kind of funny. (see story here).

Share
In the Washington Post today, Martin Feldstein gives is view on housing. His view is that a downward spiral is likely unless we act to prevent it. Hisplan is essentially a government bailout. Martin Feldstein is the President of the National Bureau of Economic Research, which determines whether when the U.S. has recessions. He [...]

Share
This comes from Bloomberg News via one of their top finance commentators, Caroline Baum.
Why Real Estate Market Is Nowhere Near a Bottom: Caroline Baum
Commentary by Caroline Baum

June 18 (Bloomberg) — Every time a housing statistic emits a faint [...]