http://www.inveslogic.com/latest Housing Sector - Latest Blog Articles at http://www.inveslogic.com en http://www.inveslogic.com/sectors/directory/hot-property/1108036?rsstype=latest&cid=55 Buying a co-op in Manhattan is ridiculously expensive but still affordable for Wall Street employees whose large salaries and bonuses allow them to live a comfortable New York life. But whether they'll qualify to buy a co-op is another story. The lay... http://www.inveslogic.com/sectors/directory/hot-property/1108036?rsstype=latest&cid=55 Tue, 15 Jul 2008 17:18:03 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1108078?rsstype=latest&cid=55 Video: Roubini on Bloomberg TVRoubini provides a summary of his views that this will turn out to be the worst financial crisis since the Great Depression and the worst US recession in decades ... Here are a few of Roubini's points: This is by far t... http://www.inveslogic.com/sectors/directory/calculated-risk/1108078?rsstype=latest&cid=55 Tue, 15 Jul 2008 16:47:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1108079?rsstype=latest&cid=55 A quote via Dow Jones (no link): [A]lthough the majority [of credit deterioration] was driven by residential real estate, home building and related industries, the economic slowdown and rising commodity prices have had an impact on some of our com... http://www.inveslogic.com/sectors/directory/calculated-risk/1108079?rsstype=latest&cid=55 Tue, 15 Jul 2008 16:29:00 -0400 http://www.inveslogic.com/sectors/directory/william-polleys-blog/1107967?rsstype=latest&cid=55 From Arnold Kling:Anyone could see that the GSE dominance of the mortgage market was unhealthy. But the political process was unable to get the job done. What the central planners tend to forget is that political failure is even more entrenched than ... http://www.inveslogic.com/sectors/directory/william-polleys-blog/1107967?rsstype=latest&cid=55 Tue, 15 Jul 2008 14:46:02 -0400 http://www.inveslogic.com/sectors/directory/big-picture/1107953?rsstype=latest&cid=55 Sad, but true: If you re a socialist, you should be happy. But you should really wonder whether you want people s ability to pay for housing and college dependent on the motives of people in Washington. -Michael Lind, a fellow at the New Amer... http://www.inveslogic.com/sectors/directory/big-picture/1107953?rsstype=latest&cid=55 Tue, 15 Jul 2008 13:45:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1107826?rsstype=latest&cid=55 Bernanke testimony to Congress. At present, accurately assessing and appropriately balancing the risks to the outlook for growth and inflation is a significant challenge for monetary policy makers. The possibility of higher energy prices, tighter cr... http://www.inveslogic.com/sectors/directory/calculated-risk/1107826?rsstype=latest&cid=55 Tue, 15 Jul 2008 10:02:00 -0400 http://www.inveslogic.com/sectors/directory/big-picture/1107819?rsstype=latest&cid=55 Yes, another impediment in the way of a quick Housing turnaround: Mortgage Insurance. The insurance industry, with its actuarial standards and lack of securitization, seem downright crazy compared to mortgage brokers and bank lenders of just afew yea... http://www.inveslogic.com/sectors/directory/big-picture/1107819?rsstype=latest&cid=55 Tue, 15 Jul 2008 09:00:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1107828?rsstype=latest&cid=55 From the WSJ: Loss Provisions Hit U.S. Bancorp The bank tripled its credit-loss provision from $191 million a year earlier to $596 million, citing continuing stress in the residential real estate markets, including homebuilding and related supplier ... http://www.inveslogic.com/sectors/directory/calculated-risk/1107828?rsstype=latest&cid=55 Tue, 15 Jul 2008 08:38:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1107688?rsstype=latest&cid=55 From a paper by the Center for Economic Policy Research and the National Low Income Housing Coalition:The bubble that developed in the U.S. housing market from the years 1996 to 2006 pushed prices in many markets far out of line with fundamental valu... http://www.inveslogic.com/sectors/directory/bubble-meter/1107688?rsstype=latest&cid=55 Tue, 15 Jul 2008 07:59:00 -0400 http://www.inveslogic.com/sectors/directory/economists-view/1107588?rsstype=latest&cid=55 John Fernald of the San Francisco Fed gives his view of the economic outlook. The bottom line?:The relatively strong incoming data suggest that growth in the second quarter was close to trend, after two anemic quarters. Going forward, the continuing ... http://www.inveslogic.com/sectors/directory/economists-view/1107588?rsstype=latest&cid=55 Tue, 15 Jul 2008 03:33:00 -0400 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1106877?rsstype=latest&cid=55 FANNIE & FREDDIE....TAKE TWO....Last night I linked to There Goes the Neighborhood, a 2004 piece in the Monthly about the housing bubble. It was written before the subprime market really took off, and among other things, it placed a share...... http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1106877?rsstype=latest&cid=55 Tue, 15 Jul 2008 00:34:12 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1107059?rsstype=latest&cid=55 Reuters reports that the FDIC has temporarily halted foreclosures on the $15 billion in IndyMac owned mortgages. (hat tip Nemo, Steve)... http://www.inveslogic.com/sectors/directory/calculated-risk/1107059?rsstype=latest&cid=55 Mon, 14 Jul 2008 17:53:00 -0400 http://www.inveslogic.com/sectors/directory/argmax/1106915?rsstype=latest&cid=55 Two big housing-related stories out of the Fed today. The Fed is opening it's lending to Freddy Mac and Fannie Mae. Ordinarily this would calm fears of a failure, but since everyone assumed the federal government would step in anyway, it is simply co... http://www.inveslogic.com/sectors/directory/argmax/1106915?rsstype=latest&cid=55 Mon, 14 Jul 2008 16:10:50 -0400 http://www.inveslogic.com/sectors/directory/big-picture/1106954?rsstype=latest&cid=55 Fortunately, its from the Onion -- but it sounds way too real!Recession-Plagued Nation Demands New Bubble To Invest In A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide... http://www.inveslogic.com/sectors/directory/big-picture/1106954?rsstype=latest&cid=55 Mon, 14 Jul 2008 14:30:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1107064?rsstype=latest&cid=55 I would be remiss if in the excitement today of the banking system apparently going to hell in a handbasket, I neglected to take notice of this:July 14 (Bloomberg) -- The Federal Reserve tightened its mortgage rules by requiring lenders to determine ... http://www.inveslogic.com/sectors/directory/calculated-risk/1107064?rsstype=latest&cid=55 Mon, 14 Jul 2008 13:59:00 -0400 http://www.inveslogic.com/sectors/directory/john-mugurian/1107577?rsstype=latest&cid=55 The scare of the week was the rumors of Fannie (FNM) and Freddie's (FRE) demise, Indymac's (IMB) implosion, while the sad news of the week was the takeover of Anheuser-Busch (BUD) by a clearly inferior competitor. The Anheuser-Busch takeover was more... http://www.inveslogic.com/sectors/directory/john-mugurian/1107577?rsstype=latest&cid=55 Mon, 14 Jul 2008 11:20:46 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1107031?rsstype=latest&cid=55 From the International Herald Tribune: The real outrage is that none of this had to happen, said William Fleckenstein, co-author of Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve and president of Fleckenstein Capital in Issaquah,... http://www.inveslogic.com/sectors/directory/bubble-meter/1107031?rsstype=latest&cid=55 Mon, 14 Jul 2008 09:05:00 -0400 http://www.inveslogic.com/sectors/directory/big-picture/1106957?rsstype=latest&cid=55 This weekend's Barron's cover story was on Housing: Bottom's Up: This Real-Estate Rout May Be Short-Lived. It was a surprisingly weak case for a Barron's cover, overlooking many key facts, and relying on some rather sketchy arguments and less-than-re... http://www.inveslogic.com/sectors/directory/big-picture/1106957?rsstype=latest&cid=55 Mon, 14 Jul 2008 09:00:00 -0400 http://www.inveslogic.com/sectors/directory/economists-view/1107246?rsstype=latest&cid=55 Paul Krugman says Fannie and Freddie won't bring down the economy, and they did not cause the difficulties they are experiencing, but that doesn't mean they don't have problems such as under-capitalization:Fannie, Freddie and You, by Paul Krugman, Co... http://www.inveslogic.com/sectors/directory/economists-view/1107246?rsstype=latest&cid=55 Mon, 14 Jul 2008 03:42:00 -0400 http://www.inveslogic.com/sectors/directory/brad-delongs-semi-daily-journal/1107016?rsstype=latest&cid=55 The way Laura Tyson puts it, a mortgage packager and guarantor is almost surely a good thing--but the GSEs should never have been privatized in the first place. Organizations with great government privilege are government responsibility--and there is... http://www.inveslogic.com/sectors/directory/brad-delongs-semi-daily-journal/1107016?rsstype=latest&cid=55 Mon, 14 Jul 2008 01:04:04 -0400