Demand For Home Loans Drops 5.5%
Published Wednesday, May 17, 2006 by Real Estate Pro.Reuters reports a drop in mortgage applications: Mortgage applications fell for the first time in three weeks, as a near four-year high in interest rates dissuaded consumers from taking out loans, an industry trade group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended April 7 fell 5.5% to 579.4 from the previous week's 612.8.
Tagged: Bubble
Demand For Home Loans Drops 5.5%
Stat Correlation Of The Day: GDP And New Housing Starts
Published Sunday, May 14, 2006 by Real Estate Pro.Calculated Risk
Kasriel takes the Rosenberg analysis one step further by plotting the quarterly average observations of the year-over-year change in economic growth against the year-over-year change in new-home sales, which he then advanced by three quarters.
Calculated Risk says New Home Sales is one of my favorite leading indicators of future economic activity.
Tagged: Bubble
Stat Correlation Of The Day: GDP And New Housing Starts
Buying and Selling: Housing Bubble Goes Mainstream
Published Saturday, May 13, 2006 by Real Estate Pro.When media sources ranging from the fast-food news of USA TODAY to the so-far-right-it-has-whiplash Weekly Standard are discussing the housing bubble in real, honest terms, you know for certain that it's arrived. As gleeful as I am to see all the "market never goes down" types get their just desserts (Would you like cherries with that, David Lereah?), we can't forget that these are real people, suffering real problems.
Tagged: [existing_link:52351b262f7acf5f246b105ff23f9855]
Buying and Selling: Housing Bubble Goes Mainstream
Housing Market: Watching David Lereah
Published by Real Estate Pro.The mighty Bubble Meter has recently launched David Lereah Watch, a blog dedicated to upending the worm-infested rock upon which Mr. Lereah prognosticates like the Thinker.
He thinks the trend crested in 2005. With rising interest rates, tighter lending standards and slower price appreciation, Lereah expects second-home sales to drop this year to 30 percent of all existing-home sales, and maybe into the 20 percent range.
Tagged: Bubble
Housing Market: Watching David Lereah
Freddie Mac Sees A 'Cooling Market'
Published Friday, May 12, 2006 by Real Estate Pro.The April 2006 Economic Outlook from Freddie Mac is upbeat on housing, but signals skepticism about the issue of housing affordability in the West (Welcome to my nightmare): The cooling housing market in 2006 will deflate some of the affordability pressures as house price growth moderates to the single digits. The lingering question is whether affordability will increase in the West and job creation will return to the Midwest.
Tagged: [existing_link:52351b262f7acf5f246b105ff23f9855]
Freddie Mac Sees A 'Cooling Market'
Homeowners Are Strapped, Glued and Screwed
Published by Real Estate Pro.In case you're wondering how "personal savings" is defined, the BEA explains it here : Personal saving is the amount left over from disposable personal income after expenditures on personal consumption, interest, and net current transfer payments. If expenditures on personal consumption, interest, and net current transfers exceed disposable personal income in a quarter, personal saving will be negative.
Tagged: Bubble
Homeowners Are Strapped, Glued and Screwed
Commentary: Stop Whining About The Media?s Housing Coverage
Published Thursday, May 11, 2006 by Real Estate Pro.On one hand, the investor and real estate brokerage community can place a lot of blame on the media for poor or simplistic coverage of the housing boom, bubble, soft landing, etc.
Sure, the purchase decision is an emotional one, but consumers still tend to vote and make decisions on economic terms (ie vote with their wallet) and often don’t make that final decision from a tabloid or other big media headline.
Tagged: [existing_link:52351b262f7acf5f246b105ff23f9855]
Commentary: Stop Whining About The Media?s Housing Coverage
More On 'Media Hype'
Published by Real Estate Pro.My blogging colleague Toddi Gutner got a good discussion going last week when she asked whether or not "housing bubble" talk was just a lot of media hype. Hot Property seems to draw a lot of people who believe in the bubble thesis.
One expert who doesn't believe in the bubble, the pictured Raphael Bostic, happens to live in L.A., which is ground zero for a popping bubble in the view of bubble theorists.
Tagged: Bubble
More On 'Media Hype'
Buying a Home Can Make You Rich Slowly
Published by Real Estate Pro.You're not buying a house just to flip it and make a quick buck. In the beginning, Bach explains the Philosophy Behind the Automatic Millionaire Homeowner: You can't get rich renting; you don't need a lot of money for a down payment on a home; you don't need good credit to buy a home; you should buy a home even if you have credit card debt; you can build a fortune by buying just a few homes over the course of a lifetime.
Tagged: [existing_link:52351b262f7acf5f246b105ff23f9855]
Buying a Home Can Make You Rich Slowly
NY Magazine Questions Miami?s Condo Boom
Published by Real Estate Pro.They even Plugged Haute Living’s Real Estate Round Table At a roundtable for Haute Living, a local real-estate magazine, realty executives wouldn?t admit to gloom (do they ever?) but conceded a leveling-off.?It?s not a bubble bursting, it?s normalizing,? says Veronica Cervera of Cervera Real Estate, who notes that last week she sold six apartments at megadeveloper Ugo Colombo?s buzzed-about Epic Residences. more [NY Mag]
Tagged: [existing_link:52351b262f7acf5f246b105ff23f9855]
NY Magazine Questions Miami?s Condo Boom
Real Estate Investments in Vegas, Stay in Vegas
Published Wednesday, May 10, 2006 by Real Estate Pro.Here's an excerpt from a press release for a real estate research company that highlighted the foreclosure rate: The number of foreclosures in Clark County, Nevada, increased by 36 percent in the first quarter of 2006 compared to the same period in 2005, according to Default Research (http://www.defaultresearch.com), the rapidly growing real estate research company for foreclosure properties.
Tagged: [existing_link:52351b262f7acf5f246b105ff23f9855]
Real Estate Investments in Vegas, Stay in Vegas
Los Angeles and California Are Cooling Quickly
Published by Real Estate Pro.Inman News reports on a cooling trend in California real estate: "There is no justification for the prices we're seeing now," Christopher Thornberg, chief economist at UCLA's Anderson School of Business, said when issuing the school's gloomy quarterly economic forecast last week. Thornberg predicts that the downturn now under way will cost the state a staggering 200,000 jobs in the real estate and construction industries alone.
Tagged: Bubble
Los Angeles and California Are Cooling Quickly
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Last posts
- Demand For Home Loans Drops 5.5%
- Stat Correlation Of The Day: GDP And New Housing Starts
- Buying and Selling: Housing Bubble Goes Mainstream
- Housing Market: Watching David Lereah
- Freddie Mac Sees A 'Cooling Market'
- Homeowners Are Strapped, Glued and Screwed
- Commentary: Stop Whining About The Media?s Housing Coverage
- More On 'Media Hype'
- Buying a Home Can Make You Rich Slowly
- NY Magazine Questions Miami?s Condo Boom