Housing Archive

Forbes – Property Prices Collapse in China. Is This a Crash?

Reads like the inflation problem was worse then most thought, and that a hard landing might still actually be happening. No way to actually tell in real time. With China a first half/second half story, as previously discussed, January will bring a fresh slug of new govt. lending/spending that should at least ...Read More

mtg apps dip

How does that go again about low rates helping housing? Mortgage Applications Dipped Last Week June 29 (Reuters) — Applications for U.S. home mortgages slipped last week as demand waned, even as mortgage rates dropped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application ...Read More

mtg apps for new purchases fall again

Seems the fall off after the tax credit ended April 30th has yet to fully run its course: US Mortgage Applications Soar on Refinance Demand July 7th (Reuters) —Refinancing drove total U.S. mortgage applications to a nine-month high last week, while demand for loans to purchase homes sunk to a near 13-year ...Read More

50 years of housing starts

[Skip to the end] The population was just over 200 million in 1970 vs 300 million today. We went off the gold standard internationally in 1971 as housing took off to population adjusted highs that have drifted ever lower since. Housing is in for a large percentage gain from current levels just ...Read More

California housing data

[Skip to the end] Quote from Data Quick: Record January sales totals in Perris, Temecula, Victorville and Fontana in the Inland Empire. Palmdale in Los Angeles County posted a record total in January, and record January sales totals also were achieved in Chula Vista and Lemon Grove in San Diego County and ...Read More

AP: Foreclosure digestive process at work

Prices stabilizing as volumes increase: SoCal home prices fall in July, sales up by Elliot Spagat (AP) A research firm says Southern California home prices fell 31 percent in July from last year, while the number of homes sold hit its highest level since March 2007. MDA DataQuick said in its report ...Read More

AGY MBS UPDATE: 08/12/08

[Skip to the end] On Tue, Aug 12, 2008 at 5:18 PM, Andrew wrote: AGY MBS UPDATE: 08/12/08 General Themes: Mortgages were weaker to dealer hedge ratios – versus CXLs they were down only -5cents The small CXL daily price change masks what was a pretty bad performance for mortgages Dealer OAS’s ...Read More

2008-07-28 UK News Highlights

[Skip to the end] Highlights: U.K. Hometrack House Prices Fall the Most Since 2001 Brown Says He Won’t Turn to ’70s Agenda After Defeat Darling Considers Expanding Mortgage Bond-Swap Scheme, FT Says     U.K. Hometrack House Prices Fall the Most Since 2001 by Brian Swint (Bloomberg) The average cost of a ...Read More

CNBC: Housing bottom story

[Skip to the end] His monetary analysis is ridiculous but we agree on this point: The Media Are Missing the Housing Bottom by Larry Kudlow Media reports painted a pessimistic picture of today’s release on existing home sales, which fell 15 percent from a year ago and recorded higher inventories. But inside ...Read More

NYT: Too big to fail?

[Skip to the end] Too Big to Fail? by Peter S Goodman Using public money to spare Fannie and Freddie would increase the public debt, which now exceeds $9.4 trillion. The United States has been financing itself by leaning heavily on foreigners, particularly China, Japan and the oil-rich nations of the Persian ...Read More