Real Estate Bubble tag:blogger.com,1999:blog-26070671 2006-06-23T02:00:17Z Blogger
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 true Real Estate Pro 2006-06-22T18:56:39-07:00 2006-06-23T02:00:14Z 2006-06-23T02:00:14Z tag:blogger.com,1999:blog-26070671.post-115102801467207110 Buying And Selling: Seesaw Sales

"A lot of consumers have been having affordability problems, which is why a lot of them have been taking out ARMs," said Chen. "But with ARM rates rising, fewer people have been able to afford a home, which was also behind last week's decline in applications."
Note the fact that things are still considerably less than sunny in South Florida, and you can get the picture.

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Buying And Selling: Seesaw Sales


false Real Estate Pro 2006-06-22T18:56:38-07:00 2006-06-23T02:00:14Z 2006-06-23T02:00:14Z tag:blogger.com,1999:blog-26070671.post-115102801414840775 Housing Market: Crying Wolf

Here's a line that's worth noting: Fed officials are counting on a slowing U.S. housing market to keep the economy from overheating -- and there have been numerous signs a long housing boom is simmering down. But as long as short-term-minded developers keep churning out hyper-expensive McMansions, prices will have to drop in the long run, because eventually, there will simply be too much inventory to make value of anything.

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Housing Market: Crying Wolf


false Real Estate Pro 2006-06-21T17:18:42-07:00 2006-06-22T00:22:15Z 2006-06-22T00:22:15Z tag:blogger.com,1999:blog-26070671.post-115093573569863690 Housing Market: The Gathering of the Fed

"One does not just raise rates at the Fed...."
Why do I get the feeling that Bernanke spends most of his days at his desk saying stuff like, "Greenspan, what a mess you've left me with... This trend, along with its sibling "workforce housing," may be the spearheads we need to build affordable, mixed-income housing that will reenergize middle-class buyers and get them back into the post-bubble market.

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Housing Market: The Gathering of the Fed


false Real Estate Pro 2006-06-21T17:18:38-07:00 2006-06-22T00:22:15Z 2006-06-22T00:22:15Z tag:blogger.com,1999:blog-26070671.post-115093573524366254 Friday Housing News: Riders On The Bubble

Dana Dratch over at Bankrate advises nervous homeowners how to tame the mighty bubble.
My question for the legions of bubble riders would be this: Since the bubble is breaking into little "bubbletes," which markets will survive intact, and which will crash? Because as we all know, if you have to ask, you can't afford it...and right now it's looking like even formerly mid-range and low-end properties are falling into that category.

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Friday Housing News: Riders On The Bubble


false Real Estate Pro 2006-06-04T22:08:49-07:00 2006-06-05T05:11:57Z 2006-06-05T05:11:56Z tag:blogger.com,1999:blog-26070671.post-114948431679021434 Housing Market: Watching David Lereah

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.

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Housing Market: Watching David Lereah


false Real Estate Pro 2006-05-17T09:15:07-07:00 2006-05-17T16:17:46Z 2006-05-17T16:17:46Z tag:blogger.com,1999:blog-26070671.post-114788266663455007 Demand For Home Loans Drops 5.5%

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.

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Demand For Home Loans Drops 5.5%


false Real Estate Pro 2006-05-14T09:24:13-07:00 2006-05-14T16:26:47Z 2006-05-14T16:26:46Z tag:blogger.com,1999:blog-26070671.post-114762400612080464 Stat Correlation Of The Day: GDP And New Housing Starts

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.

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Stat Correlation Of The Day: GDP And New Housing Starts


false Real Estate Pro 2006-05-13T22:14:09-07:00 2006-05-14T05:16:40Z 2006-05-14T05:16:40Z tag:blogger.com,1999:blog-26070671.post-114758380096613106 Buying and Selling: Housing Bubble Goes Mainstream

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.

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Buying and Selling: Housing Bubble Goes Mainstream


false Real Estate Pro 2006-05-13T22:14:08-07:00 2006-05-14T05:16:40Z 2006-05-14T05:16:40Z tag:blogger.com,1999:blog-26070671.post-114758380032688109 Housing Market: Watching David Lereah

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.

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Housing Market: Watching David Lereah


false Real Estate Pro 2006-05-12T09:39:39-07:00 2006-05-12T16:42:08Z 2006-05-12T16:42:08Z tag:blogger.com,1999:blog-26070671.post-114745212843035036 Freddie Mac Sees A 'Cooling Market'

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.

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Freddie Mac Sees A 'Cooling Market'


false Real Estate Pro 2006-05-12T09:39:11-07:00 2006-05-12T16:42:07Z 2006-05-12T16:42:07Z tag:blogger.com,1999:blog-26070671.post-114745212723974304 Homeowners Are Strapped, Glued and Screwed

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.

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Homeowners Are Strapped, Glued and Screwed


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