tag:blogger.com,1999:blog-245800082009-07-13T12:52:52.823-07:00A forum exploring the housing bubble and global housing affordability. Is it really a great time to buy?Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.comBlogger64125tag:blogger.com,1999:blog-24580008.post-6981882948242571212009-01-10T19:39:00.000-08:002009-01-10T19:49:00.716-08:00From the the most recent S&P/Case Shiller Home Price Index release: "The chart above depicts the annual returns of the 10-City Composite and the 20-City Composite Home Price Indices....Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com4http://globalhouseprices.blogspot.com/2009/01/home-price-declines-continue.htmltag:blogger.com,1999:blog-24580008.post-50496953756912055702008-07-11T18:41:00.000-07:002008-07-11T18:44:18.527-07:00IndyMac Fails, who's next.. Fannie, Freddie? Place your bets. Office of Thrift Supervision steps in and closes IndyMac Bank; FDIC takes over operations "IndyMac Bank's assets were seized by...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com1http://globalhouseprices.blogspot.com/2008/07/dominos-begin-falling.htmltag:blogger.com,1999:blog-24580008.post-84669146772247119612007-12-06T04:13:00.000-08:002007-12-06T04:17:15.316-08:00A couple of interesting developments today: The Bush administration has outlined a plan to help homeowners facing a jump in their mortgage payments by freezing rates for five years. Bush to unveil...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2007/12/bailout-for-borrowers.htmltag:blogger.com,1999:blog-24580008.post-90307516654036624552007-11-28T04:23:00.000-08:002007-11-28T04:24:50.864-08:00Wells Fargo Plunges Into the Mortgage Muck With $1.4B in Losses on Home Equity Loans Nothing much new here, just another example of a financial institution confessing to billions in losses on home...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com1http://globalhouseprices.blogspot.com/2007/11/mortgage-losses-mount.htmltag:blogger.com,1999:blog-24580008.post-36873172825454621742007-11-13T01:29:00.000-08:002007-11-13T01:30:55.828-08:00Home prices to keep sliding with no bottom in sight According to Robert Shiller "predictions for a bottom within the next year or so are probably wrong, with price declines in 2008 possibly worse...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com1http://globalhouseprices.blogspot.com/2007/11/no-bottom-in-sight-for-housing.htmltag:blogger.com,1999:blog-24580008.post-33630608874397608042007-09-26T18:39:00.001-07:002007-09-26T18:41:59.716-07:00They say a picture tells a thousand words. According to Robert Shiller's index of American housing prices going back to 1890, we are in the midst of a bubble of unprecedented proportions. Now for...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com5http://globalhouseprices.blogspot.com/2007/09/housing-values-must-decline-40-45-to.htmltag:blogger.com,1999:blog-24580008.post-15653775136165466692007-09-17T18:40:00.000-07:002007-09-17T18:45:04.849-07:00Conditions in the global financial markets have changed significantly in recent weeks. Credit is going to be a lot more difficult obtain - all borrowers should be mindful of this, particularly those...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2007/09/join-dots-here-comes-credit-crunch.htmltag:blogger.com,1999:blog-24580008.post-29695197447600178062007-09-16T22:42:00.000-07:002007-09-16T22:44:33.846-07:00Greenspan reportedly warns on rate cuts "Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should be cautious about cutting interest rates because of...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2007/09/greenspan-warns-on-interest-rates-and.htmltag:blogger.com,1999:blog-24580008.post-12532909183525114122007-08-28T16:52:00.000-07:002007-08-28T16:55:32.096-07:00Home Prices: Steepest Drop in 20 Years S&P Says Housing Prices Fell in 2Q by Steepest Rate Since Its Index Was Started in 1987 "U.S. home prices fell 3.2 percent in the second quarter, the steepest...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com1http://globalhouseprices.blogspot.com/2007/08/home-prices-steepest-drop-in-20-years.htmltag:blogger.com,1999:blog-24580008.post-2454693690219709582007-03-10T02:07:00.000-08:002007-03-10T02:09:23.771-08:00At last... an open, honest assesment for the prospects of the housing market by someone who should know: "I don’t want to be too sophisticated here, but 2007 is going to suck, all 12 months of the...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2007/03/2007-is-going-to-suck.htmltag:blogger.com,1999:blog-24580008.post-1171700159900560712007-02-17T00:13:00.000-08:002007-02-17T00:15:59.913-08:00Home prices fall in more than half of nation's biggest markets "NEW YORK: Prices for single-family homes fell in more than half of the 149 biggest U.S. metropolitan areas in the last three months of...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2007/02/house-prices-fell-in-most-us-markets.htmltag:blogger.com,1999:blog-24580008.post-1161909182655264752006-10-26T17:30:00.000-07:002006-10-26T17:33:02.673-07:00We revisit the 'prices never go down' myth again this month just to hammer home the point. Following on from last months decline, we see larger fall in prices again this month... seems the...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/10/another-myth-shattered-yet-again.htmltag:blogger.com,1999:blog-24580008.post-1159234617739772672006-09-25T18:30:00.000-07:002006-09-25T18:36:57.753-07:00'Prices never go down' - How many times have we heard that one. Ooops... dont look now because: Existing-home prices fall for 1st time in 11 years The collapsing U.S. housing market crossed...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/09/another-myth-shattered.htmltag:blogger.com,1999:blog-24580008.post-1158545164828969122006-09-17T19:02:00.000-07:002006-09-17T19:06:04.843-07:00Some figures from this article: The Hard Landing For Housing is Already Here - 32.6% of new mortgages and home equity loans in 2005 were interest only, up from 0.6% in 2000 - 43% of first-time home...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/09/hard-landing-for-housing-already-here.htmltag:blogger.com,1999:blog-24580008.post-1158195859826426772006-09-13T18:02:00.000-07:002006-09-13T18:04:19.840-07:00So what was the outcome of the recent hearing titled "The Housing Bubble and Its Implications for the Economy" by the US Senate Economic Policy and Housing and Transportation Subcommittees. The usual...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/09/housing-bubble-and-its-implications.htmltag:blogger.com,1999:blog-24580008.post-1156816166303757672006-08-28T18:47:00.000-07:002006-08-28T18:49:26.323-07:00The latest Gallup Poll provides further evidence for deteriorating conditions and sentiment for real estate: Investors Worried Real Estate Situation Will Get Worse Investor optimism continues steady...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/08/gallup-investors-worried-real-estate.htmltag:blogger.com,1999:blog-24580008.post-1154587011250520832006-08-02T23:35:00.000-07:002006-08-02T23:36:51.260-07:00Interest rates around the world appear to be ratcheting upwards yet again, with the latest round of increases being made by Central Banks around the globe. The Reserve Bank of Australia just raised...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com1http://globalhouseprices.blogspot.com/2006/08/interest-rates-move-inexorably-higher.htmltag:blogger.com,1999:blog-24580008.post-1154050392183065932006-07-27T18:31:00.000-07:002006-07-27T18:33:12.213-07:00To all those that believe the soft landing spin, here is a great quote from the Countrywide Financial CEO in this piece: Mortgage lenders grapple with deflating housing bubble "I've never seen a...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/07/soft-landing.htmltag:blogger.com,1999:blog-24580008.post-1153290674926938352006-07-18T23:29:00.000-07:002006-07-18T23:31:14.950-07:00Re-visiting the theme of the ARM, many are still deluding themselves that using these products makes housing 'affordable'. Exotic, but dangerous Nontraditional mortgages may be the only way some...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/07/do-arms-make-housing-more-affordable.htmltag:blogger.com,1999:blog-24580008.post-1153106682896644012006-07-16T20:21:00.000-07:002006-07-16T20:24:42.913-07:00Some interesing snippets from this article on debt of all sorts: Credit-card debt engulfs America as spending outweighs income Cardweb.com, a credit-card industry Web site, says average debt per...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com1http://globalhouseprices.blogspot.com/2006/07/easy-money.htmltag:blogger.com,1999:blog-24580008.post-1152602234190303382006-07-11T00:15:00.000-07:002006-07-11T00:17:14.190-07:00Here is an interesting article about 'the good old days' of Japan's bubble economy - makes a little real estate speculation seem tame by comparison. Japan's young workers dream about living in a...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/07/living-in-bubble.htmltag:blogger.com,1999:blog-24580008.post-1151982484966978542006-07-03T20:05:00.000-07:002006-07-03T20:08:04.980-07:00Various factors are consipring to burst the real estate bubble, most notably, the Fed raising interest rates. This piece from the Center for Economic and Policy Research highlights concerns with the...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com1http://globalhouseprices.blogspot.com/2006/07/collapse-of-bubble-inevitable-could.htmltag:blogger.com,1999:blog-24580008.post-1151381033350086302006-06-26T21:00:00.000-07:002006-06-26T21:03:53.380-07:00Here's a great rant on the shortsightedness of the average investor and the poison that is the instant gratification mindset. Danger! 'Mad Money' and the 'Power of Now' Need for 'instant...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/06/instant-gratification.htmltag:blogger.com,1999:blog-24580008.post-1150941731141827592006-06-21T18:59:00.000-07:002006-06-21T19:02:11.166-07:00Here is yet another confirmation of what most of us already knew (and others refuse to admit) - the housing bubble is the biggest in history. It is not supported by fundamentals and is predominately...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/06/biggest-bubble-ever.htmltag:blogger.com,1999:blog-24580008.post-1150427825477926702006-06-15T20:14:00.000-07:002006-06-15T20:17:05.486-07:00REAL ESTATE BUBBLE IS BURSTING 3 of the top 9 reasons that the real estate bubble is bursting Whilst this article appears to be a plug for the authors e-book, it does present compelling arguments...Housing Bubblehttp://www.blogger.com/profile/06442392337051934460noreply@blogger.com0http://globalhouseprices.blogspot.com/2006/06/real-estate-bubble-is-bursting.html