Category Archives: Housing Bubble

High noon at the O.K. Corral

Posted on January 31, 2011 by grim

From the WSJ: Home Prices Sink Further Home values are falling at an accelerating rate in many cities across the U.S. The Wall Street Journal’s latest quarterly survey of housing-market conditions found that prices declined in all of the 28 … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 135 Comments

Prices lower, mortgage money cheap, but homes still unaffordable for many

Posted on January 30, 2011 by grim

From the Record: Typical home in North Jersey still out of reach for typical household. Mortgage rates are at a rock-bottom 5 percent, and home prices have tumbled as much as 20 percent — making North Jersey homes much more … Continue reading →

Posted in Employment, Housing Bubble, New Jersey Real Estate | 112 Comments

Housing chill cools previously hot markets

Posted on January 28, 2011 by grim

From the NY Times: As Inventory Rises, More Towns Make the ‘Cold’ List REMEMBER when brokers used to say the sales pace in a particular town, neighborhood or ZIP code had turned white-hot or was sizzling? Back in the day … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 314 Comments

Dip 2.0 – Homebuyer credit was a waste of money

Posted on January 26, 2011 by grim

From HousingWire: Housing analysts expect home price declines through 2011 Data firm Radar Logic and consultant Capital Economics said Tuesday that they expect home prices to decline further this year. Their analysis comes in the wake of Tuesday’s The S&P/Case-Shiller … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate | 141 Comments

November home prices disappoint, double dip likely

Posted on January 25, 2011 by grim

From CNBC: Price Drop Points to Likely Double Dip in Housing Market Single-family home prices fell for a fifth straight month in November and a double-dip in home prices could be confirmed by spring, a closely watched survey said Tuesday. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 89 Comments

Wave of foreclosures coming in 2011?

Posted on January 14, 2011 by grim

From CNBC: The Foreclosure Dump It’s coming, no question. Today’s report from RealtyTrac serves as a warning to big banks, Fannie, Freddie and local communities; The foreclosure glut is coming, and they’d better be ready to get rid of that … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate | 189 Comments

They used the “D” word

Posted on January 12, 2011 by grim

From CNBC: Housing Market Slips Into Depression Territory As the economy revs back to life, with signs of hiring on the horizon, the housing market is being left behind like Macaulay Culkin in “Home Alone.” In the past few years, … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 159 Comments

The New American Ghost Town

Posted on January 7, 2011 by grim

From HousingWire: How the Great Recession created ghost towns In Detroit, bulldozers crumple vacant homes left behind during foreclosure by the thousands. Las Vegas developments sit abandoned, and the rapid growth of Stockton, Calif., has screeched to a halt in … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 224 Comments

More price declines forecast for 2011

Posted on January 6, 2011 by grim

From HousingWire: Home prices end up 4.1% lower in 2010, more declines ahead U.S. home prices were turbulent through 2010 ending up 4.1% lower than the year before, according to analytics firm Clear Capital. And prices are expected to fall … Continue reading →

Posted in Employment, Housing Bubble, National Real Estate | 128 Comments

Zuckerman: Home prices to decline for years

Posted on January 4, 2011 by grim

From CNBC: Home Prices Will Decline for Years: Zuckerman Home prices will continue to decline for several years, Mort Zuckerman, the chairman and CEO of Boston Properties, told CNBC Monday. “I’m pessimistic about residential real estate,” said Zuckerman, whose firm … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate | 128 Comments

Home prices are too damn high

Posted on December 31, 2010 by grim

From Peter Schiff via the WSJ: Home Prices Are Still Too High Most economists concede that a lasting general recovery is unlikely without a recovery in the housing market. A marked increase in defaults and foreclosures from today’s already elevated … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 162 Comments

Just when you thought it was over…

Posted on December 21, 2010 by grim

From the Star Ledger: N.J. Supreme Court intervenes in mortgage foreclosures by six lenders New Jersey’s highest court has stepped in to monitor the filing of real estate foreclosures in the state. Supreme Court Chief Justice Stuart Rabner today announced … Continue reading →

Posted in Foreclosures, Housing Bubble, Mortgages, National Real Estate | 129 Comments

October home prices dip

Posted on December 17, 2010 by grim

From First American CoreLogic: From Inman News: Home prices decline for 3 months in a row October home prices fell for the third straight month, according to an index maintained by mortgage data aggregator CoreLogic. The 3.93 percent year-over-year decline … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 235 Comments

HAMP FAIL

Posted on December 14, 2010 by grim

From Bloomberg: U.S. Foreclosure Prevention Program to Fall Short, Watchdog Panel Finds A U.S. Treasury program aimed at preventing 3 million foreclosures is likely to fulfill less than a third of its goal, a congressional watchdog reported. The Treasury’s homeowner … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate, Risky Lending | 142 Comments

In foreclosure? No worries, you’ve got time.

Posted on December 13, 2010 by grim

From the Wall Street Journal: Banks Struggle To Seize Homes It takes longer to foreclose on homes in New York than any other state—and it’s getting longer every month. Two years ago, the state began requiring that banks and borrowers … Continue reading →

Posted in Foreclosures, Housing Bubble | 150 Comments