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Radio Free Wall Street
Posts Tagged ‘ Housing Market ’
The Trouble With Case Shiller, Again
The Case Shiller housing price index was released this morning and, as usual, it’s getting lots of media attention. I have no problem with that, except for one minor detail. It is a worthless and misleading indicator of current housing market conditions. Back in 2010 I wrote a public article called The Trouble With...
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Obama Bluffs on ReFi?
. &nbs...
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Canada’s Housing Bubble Could Burst This Year
The robust Canadian housing sector, especially the booming condo markets in Vancouver and Toronto, could be at risk in 2012, say the heads of some of Canada's biggest banks.
Gordon Nixon, president and CEO at Royal Bank (TSX:RY), told a banking ...
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Fed Urges Entrapment of More Americans with Mortgage Debt
Jan 9 (Reuters) - The Federal Reserve has launched a potentially controversial push to revive the battered U.S. housing market, calling on other government officials to act after largely exhausting its own tools to support the fragile economic recovery...
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The Fed’s Sleazy Idea Of “Transparency”
Don't believe the propaganda -- whenever the Fed offers "more transparency", they are only looking to twist the knife in Main Street's back further. Their latest announcement about publishing "interest rate projections" is no different...
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Out of Answers, Federal Reserve Can Only Offer Empty Rhetoric
The Federal Open Market Committee (FOMC) is scheduled to issue a statement at 2:15 pm. today (Tuesday), but don't expect anything other than more empty rhetoric.
Indeed, with few options remaining, the Fed is expected to produce little more than a statement designed to reassure the markets following today's...
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The Housing Market Is Still In A Depression
Following the bubble, the housing market's pain has been deep and persistent.
This isn't merely a cyclical downturn. Even six years after the market peaked, the healing process has not yet begun. The industry isn't in recession: it's in a depressi...
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Mortgages for the ‘Middle-Rich’ Are Class Warfare Ammunition
For weeks now I've been telling you the markets are broken.
Now I'm going to prove it.
Today I'm talking about the housing market. It's broken. The truth is Congress broke it. Of course, it had help from mortgage originators, banks, and a deliriously greedy public.
Soaring Delinquencies Could Crush New York Housing Market
Editor’s Note: The following is an excerpt from Keith Jurow’s just-released New York City Housing Market Report. For the complete, in-depth analysis and report, download it here.
New York is the largest city and the most misunderstood housing...
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Want a Truly Healthy Housing Market?
The housing market will remain crippled until we eliminate perverse incentives to financialization and speculation, Fed/Federal intervention and all subsidies/giveaways.
If there is one goal that the financial cartels, their politico apparatchiks ...
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What The European Bailout Boils Down To
Russ Winter of Winter Watch, Aaron Krowne of ML-Implode.com, and the Wall Street Examiner’s Lee Adler discuss the implications of the European bailout, the likely targets for stocks, and the implications of the bond market collapse. Lee reviews the signs that the housing market won’t get much worse, but why that’s not good news...
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Why The SEC Won’t Hunt Big Dogs
Back when the Financial Crisis Inquiry Commission was doing its work, I would check in periodically with someone who worked there to find out how it was going.
"Good news!" my source would joke. "We got the guy who caused it."
That is the way I ...
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SPX and NDX Updates: Last Call for Bears!
Sometime over the next week or so, you may remember this article and decide that I'm crazy (assuming you haven't already). The market's job over the near future is to convince you that the rally will go on forever, so you may start to t...
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The Real Cause Of the Rally, Why The Banks Can’t Buy Treasuries, and Shadow Inventory Big Problem But Not For Housing
The Wall Street Examiner’s Lee Adler Lee Adler tells the real reason for this rally, and expounds on why the banks can’t buy Treasuries. Aaron Krowne of ML-Implode.com and Lee discuss the latest attempt to boost the housing market, and zero in on the shadow inventory problem, which may be less of a problem...
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Central NC residential real estate – knife still falling
As I've stated before, I'm in the housing market (sort of) as a potential buyer in central NC, but it looks like I'll be on the sidelines at least through 2012. The knife is still falling here, and it's obvious. The reality of real estate deflation is ...
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MILLIONS of Homes Lurk on Bank Inventories
MIAMI — Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks' balance sheets, stalled in foreclosure court proceedings or simply occupied by nonpaying owner...
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Housing: The Fine Print in a Tale of Woe
The housing market remains deeply troubled, with more than 800,000 homes on their way to foreclosure or in the process of being auctioned, according to RealtyTrac and Moody's Analytics. That's part of the reason the economy isn't growing fast enough...
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The Housing Market is Finally Bottoming – Here’s How to Play It
The housing market remains a drag on the economy, but there are indications that it is finally starting to bottom.
Prices have stopped declining, and there is even some sign of life in sales.
Not all the news is good, of course. New home sales...
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Housing Picture No Darker
The article is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Scroll to the end for the subscriber link to the complete report. Housing data for this month suggests that the usual seasonal uptick in prices has ended. Data is mixed as to whether the seasonal decline that normally...
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Housing Market has Changed – Risks are not Recognized
Tags: Housing Market, Housing Market has Changed
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Surge in all-cash buying signals end of ‘normal’ housing market
Back in May, I posted an article on Minyanville asserting that all-cash buyers have kept several major housing markets from collapsing. (See All-Cash Buyers Preventing Collapse of Housing Markets.) With new evidence in to support this claim, now is a...
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14 States where Homeowners are Drowning in Negative Equity
10.9 million homeowners have mortgages underwater according to a new report by CoreLogic.
In Q2, 22.5% of all residential properties with a mortgage are in negative equity i.e. owe more on their mortgages than their home. Just slightly lower than 22....
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No Housing Bottom in Sight
Economic Intersection Article of the Week
Guest author: Keith Jurow is the author of the MVP Housing Market Report. This article was posted at Minyanville with the title "There Is No Housing Bottom in Sight"
At the e...
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There Is NO Housing Bottom In Sight
At the end of June 2011, macromarkets.com released the results of a poll in which 108 leading economists and housing market analysts were asked to predict the direction of home prices from now until 2015.
All except four of them predicted that hous...
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Latest Huge Drag on Home Prices: Honest Appraisals
When Sean McGowan signed a contract to buy a New Jersey home in November, he didn't expect he'd still be living with his parents nearly a year later.
The deal fell through after two appraisals came in tens of thousands of dollars below the contr...
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Housing Time Bomb Goes Tick Tock Tick Tock
A couple of data points reported today marked a tick and a tock on the housing market clock. The Mortgage Bankers Association Mortgage Applications Index release was weak but not explosive. The FHFA (Federal Housing Finance Agency) monthly data on home sale prices was up, but meaningless. The FHFA data is after the fact price...
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Market Bottom, Housing Bottom, The Weather, and Politics
In today’s round table, Aaron Krowne of ML-Implde.com, Russ Winter of Winter Watch, and the Wall Street Examiner’s Lee Adler touch on the market’s technical outlook, signs of climate catastrophe, the housing market, and the political endgame and reach some startling conclusions, all in 15 minutes! This is a subscriber only podcast. If you...
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Chasing the Market Down from $1.5 Million to $870,000
Last week the California unemployment rate shot back up to 12 percent. Couple this with the underperformance of revenue for the state and we have heavy headwinds ahead.
It will be a herculean effort for home prices to remain inflated in bubble mar...
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SPX Update: A Discussion on QE3 and the Market’s Potential for Disappointment
Since "to QE3 or not to QE3" is once again the big question on investors minds, I'm going to share my thoughts on this before we get to the charts. The Federal Reserve Board meets next week, and as has become somethi...
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