Category Archives: Housing Bubble

Kicking the can, prolonging the pain, delaying the inevitable, the new American Way

Posted on July 14, 2011 by grim

From CNN Money: Foreclosures plunge in first half of 2011 Foreclosure filings fell dramatically during the first half of the year as processing delays at the banks, which are strapped with excess inventory of repossessed homes, continued to skew the … Continue reading →

Posted in Economics, Foreclosures, Housing Bubble, National Real Estate | 190 Comments

Vacationeers take advantage of price slump in Vernon

Posted on July 9, 2011 by grim

From the NY Times: On Vacation at Home, All Year Long WITH ample opportunities to ski, golf, swim, hike and bike, life in this rural township in the New Jersey Highlands can feel like a year-round resort, residents say. “I … Continue reading →

Posted in Economics, Housing Bubble, North Jersey Real Estate | 90 Comments

Reaching a bottom in pricing?

Posted on July 8, 2011 by grim

From Bloomberg: Real Estate Forecast: Home Prices Limp into 2012 In the second half of 2011, U.S. home prices will continue decreasing in general, with certain markets experiencing growth. Do you live in a likely gainer? Home sale prices in … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate | 286 Comments

Home prices ex. distressed home sales? Of course the math works, but does it make sense?

Posted on July 6, 2011 by grim

Applying the same logic to the boom would mean we should have been removing any overly optimistic prices, or sales involving bidding wars, because their high pricing was not illustrative or indicative of the overall market. Why was nobody suggesting … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 118 Comments

Prices Up! No Down! No Up! More Declines! Recovery! Arrrrggghhh!

Posted on June 28, 2011 by grim

From CNBC: Home Price Headlines Hide the True Picture How do I loathe home price day? Let me count the ways. The rash generalizations, the seasonal vs. non-seasonal adjustment confusion, the month-to-month vs. year-over-year, the contention among all the varied … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 148 Comments

Incoming!

Posted on June 27, 2011 by grim

From the Star Ledger: Housing experts fear deluge when foreclosure filings start again In the past six months, an eerie feeling has settled in the offices of housing counselors and attorneys who confront the foreclosure crisis head-on and help distressed … Continue reading →

Posted in Foreclosures, Housing Bubble, Mortgages | 171 Comments

Radar Logic: April price jump not large enough to trump yearly decline

Posted on June 24, 2011 by grim

From HousingWire: Home prices, sales still stagnant in April: RadarLogic Prospects in the housing market remain glum as the weaker then expected spring buying season pushes prices and transaction counts down. In April, home prices deteriorated 5.1% compared the same … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 114 Comments

Wealth Effect Ball and Chain Effect

Posted on June 23, 2011 by grim

From HousingWire: American home equity cut by one-third The head of global securitized products research at Citi Global Markets said that home equity held by American households is down from 60% to 39%. Mary Kane, speaking at an American Securitization … Continue reading →

Posted in Economics, Housing Bubble | 133 Comments

2011 Spring Market = Bust!

Posted on June 22, 2011 by grim

From the NY Times: Sales of Existing Homes Hit Six-Month Low in May Sales of previously owned homes hit a six-month low in May and the supply rose, pointing to a housing market still struggling to regain its footing. The … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 228 Comments

Zandi: “We’re still in the housing crash”

Posted on June 21, 2011 by grim

From Reuters: Zandi sees earliest U.S. home price rise end: 2012 Economist Mark Zandi says the United States is “nowhere near” a housing market recovery, but he can nonetheless see a light at the end of the tunnel. Zandi, the … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 152 Comments

The Great Housing Depression

Posted on June 17, 2011 by grim

From CNBC: US Housing Crisis Is Now Worse Than Great Depression It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression. Prices have fallen some 33 percent … Continue reading →

Posted in Housing Bubble, National Real Estate | 208 Comments

Sharga/RealtyTrac: No recovery before 2015

Posted on June 15, 2011 by grim

From HousingWire: RealtyTrac’s Sharga sees no housing recovery before 2015 It will take at least another year to work through the glut of REO inventory in the market and yet to come to market, according to Rick Sharga, senior vice … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate | 172 Comments

Don, that is some expensive water.

Posted on June 13, 2011 by grim

From ABC 6 News: Jersey Shore home prices down, big bargains for buyers Home prices continue to fall across the U.S. Sellers are taking a hit, but for buyers there are big bargains. It is not as bleak as some … Continue reading →

Posted in Housing Bubble, Shore Real Estate | 173 Comments

Shiller hints at lower home prices

Posted on June 10, 2011 by grim

From the Record: Home prices may drop another 25%, Shiller predicts Home prices may drop as much as 25 percent, after inflation, over the next five years, economist Robert Shiller, co-founder of the Standard & Poor’s/Case-Shiller home price index, said … Continue reading →

Posted in Housing Bubble, National Real Estate | 217 Comments

Zillow: Foreclosures 25% of the Market (and rising!)

Posted on June 7, 2011 by grim

From HousingWire: Foreclosures approach 25% of the housing market: Zillow ales of homes foreclosed on in the previous 12 months made up 24% of the market in April, up from 16% one year ago, according to data compiled by Zillow. … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate | 199 Comments