http://www.inveslogic.com/popular/articles/housing Housing - Today's Popular Articles at http://www.inveslogic.com en http://www.inveslogic.com/sectors/directory/bubble-meter/1104540?rsstype=populararticles&cid=55 From Fortune Magazine:Eli Broad, the billionaire investor and KB Home (KBH) founder, says we re in the worst recession since World War II, and that a housing market recovery is years away. In an interview with Bloomberg, Broad also said that the ba... Tue, 01 Jul 2008 15:58:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1104540?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/hot-property/1104893?rsstype=populararticles&cid=55 The most popular adjective in real estate listings is (to amplify on my headline) great in Miami; large in Dallas, Orange County, Calif., and San Francisco; and new in Boston, Chicago, San Jose, St. Louis, and Washington. Nice is used almost ... Tue, 01 Jul 2008 15:14:37 -0400 http://www.inveslogic.com/sectors/directory/hot-property/1104893?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1104563?rsstype=populararticles&cid=55 From Bloomberg: Manhattan Office Vacancy Rates Climb to Two-Year High Manhattan's office vacancy rate rose to its highest level since 2006 in the second quarter as financial firms, beset by losses, fired workers and reduced their office space, real e... Tue, 01 Jul 2008 14:29:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1104563?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/bubble-meter/1104541?rsstype=populararticles&cid=55 Click on the images to see the full-sized graphs of housing prices in Los Angeles, Riverside-San Bernardino, and San Diego, California.Source.Do we have any readers from Southern California who can give us their thoughts?... Tue, 01 Jul 2008 08:42:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1104541?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1104570?rsstype=populararticles&cid=55 From the Telegraph: UK house prices in grip of slump that experts expect to deepen Britain is in the grip of a housing slump as bad as at any stage since the 1970s, property experts warned, as data suggested that first time buyers had all but disappe... Tue, 01 Jul 2008 01:23:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1104570?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/hot-property/1104894?rsstype=populararticles&cid=55 When Wachovia bought Golden West Financial two years ago, executives at the Charlotte-based bank gushed about how they could take the Pick-A-Pay mortgage that was Golden West s signature product and expand it to the rest of its customer base ... Mon, 30 Jun 2008 19:40:29 -0400 http://www.inveslogic.com/sectors/directory/hot-property/1104894?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/hot-property/1104895?rsstype=populararticles&cid=55 Check out this week's BusinessWeek cover story, The Home Price Abyss: Why the threat of a free fall is growing. I and Mara Der Hovanesian wrote the story with help from a bunch of other BW staffers. Our core argument is that price declines could pote... Mon, 30 Jun 2008 18:03:45 -0400 http://www.inveslogic.com/sectors/directory/hot-property/1104895?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/hot-property/1104896?rsstype=populararticles&cid=55 Very belated correction: A year ago I pointed out a New York Times article that warned real estate agents against describing an apartment building as family friendly. The reason, supposedly, was that you might be perceived as discriminating against... Mon, 30 Jun 2008 17:51:23 -0400 http://www.inveslogic.com/sectors/directory/hot-property/1104896?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/bubble-meter/1104542?rsstype=populararticles&cid=55 This comes via the Los Angeles Times. The median house price in California fell almost $210,000 in a single year. Wow!California's housing market continued its historic decline in May, as a flood of foreclosed homes for sale drove down the median pri... Mon, 30 Jun 2008 08:40:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1104542?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/bubble-meter/1104543?rsstype=populararticles&cid=55 Hat tip to the New York City Housing Bubble Blog for finding this:... Mon, 30 Jun 2008 08:01:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1104543?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/howard-lindzon/1104901?rsstype=populararticles&cid=55 Nothing has changed over the weekend except there was no emergency rate HIKE!It s very calming that China s FINANCE Minister says Chinese stocks are fairly valued . Won t need that 20 mg of Ambien tonight and will buy China hand over fis... Sun, 29 Jun 2008 23:45:07 -0400 http://www.inveslogic.com/sectors/directory/howard-lindzon/1104901?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1104579?rsstype=populararticles&cid=55 Lawrence Summers writes in the Financial Times: What we can do in this dangerous moment It is quite possible that we are now at the most dangerous moment since the American financial crisis began last August. Summers has four recommendations: First, ... Sun, 29 Jun 2008 18:49:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1104579?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1105077?rsstype=populararticles&cid=55 The Atlanta Journal-Constitution is reporting Real estate market threatening Georgia banks.Georgia's banks top the nation in terms of concentration of loans to real estate developers and builders. Figures are for the mean construction and development... Sun, 29 Jun 2008 05:21:00 -0400 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1105077?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/bubble-meter/1104546?rsstype=populararticles&cid=55 CNNMoney reports on the housing bailout bill:After failing to approve an omninbus housing rescue package this week, the Senate is scheduled take up the bipartisan-supported bill again the week of July 7....On Wednesday, a clearly frustrated Banking C... Sat, 28 Jun 2008 23:55:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1104546?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/bubble-meter/1104547?rsstype=populararticles&cid=55 InvestmentNews shows that home equity as a percentage of value has steadily declined since World War II.I do not believe this is a problem as long as people aren't over-paying for homes. However, the problem this decade has been that people were buyi... Sat, 28 Jun 2008 08:43:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1104547?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1104584?rsstype=populararticles&cid=55 From Edmund Conway at the Telegraph: House prices won't recover until 2015, ex-MPC expert warns Families must wait until 2015 for the property market to start booming again, according to Stephen Nickell, who heads up the unit which advises the Prime ... Fri, 27 Jun 2008 20:23:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1104584?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1105082?rsstype=populararticles&cid=55 In an interesting twist to the massive wave of foreclosures in residential mortgages, a Condo Association Seeks Foreclosure On Wells Fargo.The Residences at the Bath Club Condominium Association in Miami Beach is pressing a foreclosure action against... Fri, 27 Jun 2008 14:11:00 -0400 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1105082?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1105083?rsstype=populararticles&cid=55 Repeating a pattern of larger than previously announced writeoffs prevalent in the entire financial sector, AIG to Absorb $5 Billion Loss on Securities Lending.American International Group Inc. plans to absorb losses for a dozen insurance units after... Fri, 27 Jun 2008 12:37:00 -0400 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1105083?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/hot-property/1104177?rsstype=populararticles&cid=55 Good news is a rare treat in this housing market. Today s National Association of Realtors report is at least mildly positive. It shows that existing home sales rose 2% in May to an annualized pace of 4.99 million compared to the April pace (But ne... Thu, 26 Jun 2008 15:32:25 -0400 http://www.inveslogic.com/sectors/directory/hot-property/1104177?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1104053?rsstype=populararticles&cid=55 By a 5-4 majority (the four liberals in dissent), the Supreme Court ruled that the the District of Columbia's handgun ban and trigger-lock requirement violate the Second Amendment. The majority ruled that the total ban on handgun possession prohibit... Thu, 26 Jun 2008 14:13:12 -0400 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1104053?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1104051?rsstype=populararticles&cid=55 By only a 5-4 vote, but affirmed nevertheless. Justics Scalia, writing for the majority, declares explicitly that the Second Amendment secures an individual right to keep and bear arms for lawful purposes, unconnected with any service in a militia.I... Thu, 26 Jun 2008 14:13:08 -0400 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1104051?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/john-mugurian/1104211?rsstype=populararticles&cid=55 You know what the news is-- in a minute, you're going to hear the rest of the story - Paul HarveyI happen to believe we are already in a recession. How deep and protracted the recession is will be determined by how long oil prices remain at these el... Thu, 26 Jun 2008 13:10:15 -0400 http://www.inveslogic.com/sectors/directory/john-mugurian/1104211?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1104081?rsstype=populararticles&cid=55 Paul Jackson at Housing Wire reports: Alt-A Performance Gets Much Worse in May A new report released by Clayton Fixed Income Services, Inc. on Wednesday afternoon found that 60+ day delinquency percentages and roll rates increased in every vintage du... Thu, 26 Jun 2008 12:47:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1104081?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1104082?rsstype=populararticles&cid=55 Click on graph for larger image in new window.This graph shows Not Seasonally Adjusted (NSA) existing home sales for 2005 through 2008. Sales are sharply lower in May 2008 compared to the previous three years. May is an important month for existing h... Thu, 26 Jun 2008 11:52:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1104082?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1104083?rsstype=populararticles&cid=55 Note: for the 2nd month in a row, the NAR didn't release the Existing Home sales data online in a timely manner. The NAR reports: May Existing-Home Sales Show Modest GainExisting-home sales including single-family, townhomes, condominiums and co-... Thu, 26 Jun 2008 11:00:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1104083?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/big-picture/1104070?rsstype=populararticles&cid=55 NAR site is a disaster -- no press release, Proxy Errors, etc. None of the usual media even has more than a few headlines -- WSJ, Bloomberg, AP, and NYT have nothing; Marketwatch has this little blurb: The U.S. home and condo resales inched higher in... Thu, 26 Jun 2008 10:19:25 -0400 http://www.inveslogic.com/sectors/directory/big-picture/1104070?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1104084?rsstype=populararticles&cid=55 From MarketWatch: U.S. May existing-home sales rise 2% as expected The U.S. home and condo resales inched higher in May as prices continued to fall, the National Association of Realtors reported Thursday. Resales of U.S. houses and condos rose 2% to ... Thu, 26 Jun 2008 10:03:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1104084?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/bubble-meter/1104078?rsstype=populararticles&cid=55 The wealth effect is the tendency of consumers to increase their spending during times of financial boom and cut back on spending during times of financial bust. Christopher Flavelle, writing for Slate, says the wealth effect is a myth.The premise be... Thu, 26 Jun 2008 08:28:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1104078?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1103199?rsstype=populararticles&cid=55 THE RENTAL NON-BUBBLE....Ezra Klein is puzzled that although housing prices skyrocketed over the past eight years, rental prices have stayed steady as a rock:Obviously, no one's shocked to see we had a housing bubble, but I'm a bit surprised that...... Wed, 25 Jun 2008 16:14:55 -0400 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1103199?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1103302?rsstype=populararticles&cid=55 Commercial Real Estate financier Mortgage Ltd. Files For Bankruptcy.Mortgages Ltd. filed for Chapter 11 bankruptcy Monday night, under pressure from a borrower that earlier had filed a petition seeking to liquidate the lender's assets.The move by the... Wed, 25 Jun 2008 15:45:00 -0400 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1103302?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/us-market-blog/1103123?rsstype=populararticles&cid=55 I'm a huge fan of Tanta, but I think she's either being far too dismissive of Illinois attorney general Lisa Madigan's lawsuit against Countrywide, or else she's being faux-naive. This case is a very big deal for Angelo Mozilo, for Countrywide (CFC... Wed, 25 Jun 2008 12:34:38 -0400 http://www.inveslogic.com/sectors/directory/us-market-blog/1103123?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1102911?rsstype=populararticles&cid=55 There was no Spring this year. This year saw the smallest increase in sales from the Winter doldrums, to the Spring selling season, since the Census Bureau started tracking new home sales in 1963.Note: Please see my earlier post for more on new home ... Wed, 25 Jun 2008 11:23:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1102911?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/market-watch-polya-lesova/1102871?rsstype=populararticles&cid=55 The housing slump has crushed the nest eggs for many Baby Boomers. So finds a new study by the Center for Economic and Policy Research. We're really talking about a really large drop-off from just a few years ago, says Dean Baker, the director of t... Wed, 25 Jun 2008 11:17:06 -0400 http://www.inveslogic.com/sectors/directory/market-watch-polya-lesova/1102871?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/us-market-blog/1103135?rsstype=populararticles&cid=55 Before I say anything on the topic of government and non-profit programs that provide potential home buyers with down payments, discuss the default rates and the potentially positive or negative impact on the current housing crisis, let s first ... Wed, 25 Jun 2008 11:09:32 -0400 http://www.inveslogic.com/sectors/directory/us-market-blog/1103135?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/big-picture/1102904?rsstype=populararticles&cid=55 I had to do a double-take when i saw that number: Sales of new one-family houses in May 2008 were at a seasonally adjusted annual rate of 512,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing a... Wed, 25 Jun 2008 11:00:00 -0400 http://www.inveslogic.com/sectors/directory/big-picture/1102904?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1102912?rsstype=populararticles&cid=55 According to the Census Bureau report, New Home Sales in May were at a seasonally adjusted annual rate of 512 thousand. Sales for April were revised down slightly to 525 thousand (from 526 thousand). Click on graph for larger image in new window.The ... Wed, 25 Jun 2008 10:00:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1102912?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/us-market-blog/1102829?rsstype=populararticles&cid=55 You've all probably seen or heard about the recently released Harvard Housing study. Among other things, the report discusses the fact that the median wage-earner is unable to afford the median priced home and forecasts a drop in real estate prices t... Wed, 25 Jun 2008 09:16:11 -0400 http://www.inveslogic.com/sectors/directory/us-market-blog/1102829?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/the-kirk-report/1102808?rsstype=populararticles&cid=55 Good morning. Premarket futures have a positive bent as the market looks forward to the Fed statement. Durable goods orders were unchanged as higher orders for airplanes and defense goods offset weaker sales of machinery and metals. At 10:AM we have ... Wed, 25 Jun 2008 09:02:26 -0400 http://www.inveslogic.com/sectors/directory/the-kirk-report/1102808?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/bubble-meter/1102649?rsstype=populararticles&cid=55 From a paper recently published by the Federal Reserve Bank of Boston:Millions of Americans have negative housing equity, meaning that the outstanding balance on their mortgage exceeds their home s current market value. Our data show that the overw... Wed, 25 Jun 2008 08:02:00 -0400 http://www.inveslogic.com/sectors/directory/bubble-meter/1102649?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/big-picture/1102503?rsstype=populararticles&cid=55 Marketwatch: ... Wed, 25 Jun 2008 03:00:00 -0400 http://www.inveslogic.com/sectors/directory/big-picture/1102503?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1102571?rsstype=populararticles&cid=55 The April S&P/Case-Shiller Home Price Indices are now out.The index shows show annual declines in the prices of existing single family homes across the United States continued to worsen in April 2008, with all 20 MSAs now posting annual declines, 13 ... Wed, 25 Jun 2008 02:42:00 -0400 http://www.inveslogic.com/sectors/directory/mishs-global-economic-trend-analysis/1102571?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1102472?rsstype=populararticles&cid=55 Peter Goodman at the NY Times writes about an upscale Denver exurb that is getting hit hard by a combination of the housing bust and high oil prices: Rethinking the Country Life as Energy Costs Rise. Here is a great quote: Living closer in, in a s... Wed, 25 Jun 2008 01:40:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1102472?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1102405?rsstype=populararticles&cid=55 HOUSING UPDATE....Standard & Poors reported today that annual declines in the prices of existing single family homes across the United States continued to worsen in April 2008. Oddly, though, there might be a ray of hope in the actual numbers....... Wed, 25 Jun 2008 00:10:34 -0400 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1102405?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/hot-property/1102430?rsstype=populararticles&cid=55 Harvard University s Joint Center for Housing Studies came out with its annual snapshot of the housing industry this week and it is bleak. The report, the university s 20th, calls this the worst housing downturn in a generation.The report points... Tue, 24 Jun 2008 21:53:13 -0400 http://www.inveslogic.com/sectors/directory/hot-property/1102430?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/market-watch-kevin-kerr/1102389?rsstype=populararticles&cid=55 The collapse of the housing bubble will likely have drastic implications on the wealth and retirement of certain baby boomers, according to a report Tuesday by the Center for Economic and Policy Research.... Tue, 24 Jun 2008 21:02:00 -0400 http://www.inveslogic.com/sectors/directory/market-watch-kevin-kerr/1102389?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/us-market-blog/1102266?rsstype=populararticles&cid=55 Chalk it up to seasonal factors, but it's good to see some green in the month over month readings of the S&P/Case-Shiller Housing indices. As shown at right, 8 of the 20 cities that Case-Shiller track showed increases in home prices from March to A... Tue, 24 Jun 2008 17:22:39 -0400 http://www.inveslogic.com/sectors/directory/us-market-blog/1102266?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/economists-view/1102073?rsstype=populararticles&cid=55 [I wrote this last night, then decided against posting it, but the issue is getting more attention than I expected and I don't have much else right now...]John McCain proposes government intervention - industrial policy - intended to direct private i... Tue, 24 Jun 2008 16:53:00 -0400 http://www.inveslogic.com/sectors/directory/economists-view/1102073?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1102005?rsstype=populararticles&cid=55 This morning we continue our preview of the Summer 2008 issue of the Claremont Review of Books (subscribe here) with Claremont Institute fellow Mark Helprin's Rich country, strong arms on the rise of ChinaChina grows stronger every day. As the worl... Tue, 24 Jun 2008 16:12:31 -0400 http://www.inveslogic.com/sectors/directory/a-canadian-econoview/1102005?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/us-market-blog/1102279?rsstype=populararticles&cid=55 U.S. home prices agains showed record year-on-year declines of over 15% in April, according to the latest S&P/Case-Shiller Home Price Indices. However, the pace of month-on-month declines is slowing in most markets. All 20 metropolitan areas posted a... Tue, 24 Jun 2008 15:23:21 -0400 http://www.inveslogic.com/sectors/directory/us-market-blog/1102279?rsstype=populararticles&cid=55 http://www.inveslogic.com/sectors/directory/calculated-risk/1102039?rsstype=populararticles&cid=55 A research analyst at Harvard Joint Center for Housing Studies (JCHS) has been kind enough to send me (Thanks!) an update to the median house price to median income ratio I discussed yesterday (see: Ratio: Median Home Price to Median Income) JCHS did... Tue, 24 Jun 2008 14:23:00 -0400 http://www.inveslogic.com/sectors/directory/calculated-risk/1102039?rsstype=populararticles&cid=55