New round of foreclosures threatens housing market – washingtonpost.com

Posted by Matt in March 13th, 2010 | no comment

Published in Economy, Foreclosures, Housing, Housing Market, New Wave, Real Estate Market, RealEstate

The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize.
New round of foreclosures threatens housing market – washingtonpost.com

Why This Real Estate Bust Is Different – BusinessWeek

Posted by Matt in November 9th, 2009 | no comment

Published in Economy, Financial, 1960s, Apex, Billionaire, Blowup, Boom And Bust, Businessweek, Bust Cycle, Casualty, Commercial Real Estate, CommercialRealEstate, Downturn, Elkin, Fraud, Gold, Goldman, Housing Market, Investor, Property Price Index, RealEstate, Stratospheric Prices, Trillion, Unrealistic Assumptions, Wilbur Ross

Unrealistic assumptions, layers of investors, sky-high prices, and possible fraud will make it hard to clean up the mess in commercial real estate
It would be easy to write off this blowup as just another casualty in the regular boom-and-bust cycle of the $6.4 trillion commercial real estate market. But the Goldman deal, with its unrealistic [...]

Mortgage Defaults: Many Are Intentional, Study Finds

Posted by Matt in July 8th, 2009 | 2 comments

Published in Financial, Array, Chicago University, Current, Doubt, Economists, European University, Housing Market, Money, Mortgage Defaults, Negative Equity, Northwestern University, University Chicago, University Institute, University Of Chicago

Up to 26% of U.S. homeowners who stop paying their mortgage may be doing so intentionally, not because they can’t make the payments but because they don’t want to put money into a house that’s worth less than what they owe. That finding, from a paper by economists at the University of Chicago, Northwestern University [...]

This Way There Be Dragons

Posted by Matt in May 30th, 2009 | no comment

Published in Economy, Calamity, Comparative Data, Congressional Budget Office, Debt Service Payments, Dragons Fantasy, Fantasy Novels, Financial Times, Gdp Inflation, Gdp Ratio, Growing Concern, Health Care Systems, Housing Market, Income Tax Revenues, Intrepid Heroes, Jump Right, Professor John Taylor, Standard And Poor, Stanford Professor, Taylor Rule, Trillion

In fantasy novels the intrepid heroes come across a sign saying “This Way Be Dragons.” Of course, they venture on, facing calamity and death, but such is the nature of fantasy novels. We live in a very real world, and if we don’t turn around there will be some very nasty dragons in our future. [...]

FHA – The Next Housing Bust

Posted by Matt in May 3rd, 2009 | no comment

Published in Economy, U.S., Banks, Borrowers, Bust, Federal Housing Administration, Fha, High Risk, Housing Bust, Housing Market, Low Downpayment, Mortgage Fha, Mortgage Originators, Mortgage Underwriting, Mortgages, Subprime Loans, Subprime Market, Taxpayers, Wsj

Everyone knows how loose mortgage underwriting led to the go-go days of multitrillion-dollar subprime lending. What isn’t well known is that a parallel subprime market has emerged over the past year — all made possible by the Federal Housing Administration. This also won’t end happily for taxpayers or the housing market.
Last year banks issued $180 [...]

Not Another Real-Estate Crisis: Commercial Mortgages Next?

Posted by Matt in May 1st, 2009 | no comment

Published in Economy, Financial, Billions Of Dollars, Collapse, Commercial Mortgages, Commercial Real Estate, Commercial Real Estate Market, Economy, Estimates, Financial Crisis, Financial Meltdown, Global Financial Crisis, Housing Market, Loan Conditions, Real Estate Market, Vicious Cycle, Woes

Two years after fissures in the residential housing market gave way to a national collapse of home prices and sales, experts warn the next shoe to drop is the commercial real-estate market, bringing more woes to the battered economy.
Thousands of commercial mortgages valued at hundreds of billions of dollars are approaching a renewal date. [...]

What Good Are Economists Anyway?

Posted by Matt in April 29th, 2009 | no comment

Published in Economy, 1930s, Economist, Economists, Formal Education, Global Economic Crisis, Housing Market, Job, Second Grade, Tangible Value, Vegetables

Why they failed to predict the global economic crisis—and why their help is still crucial to a recovery
Economists mostly failed to predict the worst economic crisis since the 1930s. Now they can’t agree how to solve it. People are starting to wonder: What good are economists anyway? A commenter on a housing blog wrote [...]

7 Reasons Why the Big, Bad Bear Will Return

Posted by Matt in April 8th, 2009 | 1 comment

Published in Economy, AIG, Amount Of Money, Bad Trades, Bank Bailout, Banking Crisis, Conflicts Of Interest, Credit Bubble, Cronyism, Financial Advisors, Financial Institutions, Financial Muscle, Fiscal Sanity, Global Recession, Goldman Sachs, Great Depression, Housing Market, International Monetary Fund, International Monetary Fund Imf, Jp Morgan, Rat Hole, Slippery Slope

Reason #1: The Banking Crisis Still isn’t Fixed … It’s Getting Worse!
Reason #2: Job Losses are the Worst Since the Great Depression
Reason #3: The Deleveraging of the U.S. Credit Bubble Has Already Begun. And It isn’t Pretty …
Reason #4: Credit Cards are Imploding
Reason #5: It’s Probably WA-A-A-AY Too Soon To Call a Bottom in the [...]

Beginning Now: The Panic Phase of the Collapse

Posted by Matt in March 2nd, 2009 | 1 comment

Published in Economy, Financial, American Economy, Bear Market, Chain Reaction, Computer Models, Deficit Financing, Deflation, Economic Decline, Economic Forecasting, Fannie Mae, Financial Crisis, Freddie Mac, Global Financial Crisis, Great Depression, Housing Market, Incremental Changes, Market Success, Rude Awakening, Rude Awakenings, Shutdowns, Stimulus Package, Tirade, Treasury Department

If you missed our latest video, “The 11 Laws of Bear Market Success,” or you want to watch it again, click here now for the recording.
The timing couldn’t be better. Indeed …
Just as the Obama Administration launches a triple tirade of new initiatives — a record stimulus package, a bigger round of rescues, and [...]

For Russia, A Dark Horizon

Posted by Matt in January 3rd, 2009 | no comment

Published in Economy, Russia, Budget Deficit, Company Towns, Contraction, Dark Horizon, Economic Growth, Economic Problems, Geographic Mobility, Housing Market, Investors, Limited, New Jobs, Nine Years, Price Of Oil, Russia, Social Infrastructure, Stock Market, Surpluses, Unemployment, Vacations

The price of oil is now about a quarter of what it was only a few months ago, and economic problems are building within Russia. Investors are gone; the stock market barely exists. After nine years of surpluses, Russia will have a budget deficit in 2009, and the solid economic growth of recent years may [...]