Top Metro Real Estate Markets By Metro Area

| August 30, 2016

In its latest survey, Case Shiller pointed out that “home prices continue to appreciate across the country”, at just over 5%, a pace that has held since early 2015. The chart below shows the Metro Area markets in the United States.  At the bottom we see Cleveland, Washington and, the worst performer of all, New […]

Meet The Real Estate Housing Market “Vampire REOs” Where Many Americans Live Mortgage-Free

| October 3, 2013

Zero Hedge is just out with this interesting article concerning the housing markets and what they call artifical price gains. Yeh, we agree, the whole free market system has been rigged in one way or another since 2009. ZeroHedge: Concerning Foreclosure stuffing. We explained this scheme by banks to limit the amount of available for sale […]

Housing “Recovery” Showing New Cracks, This One Will Expand!

| October 2, 2013

Wise Dog Sources: “We know from experience that if Carlyle Group is a seller (of anything), then you’ll want to be a seller also.  Yes, they are that good.”   “They buy wholesale, and sell retail or above. There’s no meat left on the bone when they’re done!” Via Bloomberg, Carlyle Group LP, the private-equity firm with more […]

New Home Sales Fall To Lowest Level Since Last October While Builder Confidence Rises To Its Highest Level Since November 2005, No Typo, 2005!

| August 23, 2013

So, it’s said by a number of Realtors that interest rate spikes don’t matter to home buyers….um, maybe they should rethink that idea? Yep, maybe rethink it twice! Purchases of new U.S. homes  plunged in July by the most in more than three years while previous month saless were revised down.  Housing in July showed that a […]

U.S. Housing Rents Hit Record Highs As Homeownership Falls To 18 Year Lows!

| July 30, 2013

Never say things can’t get worse… Murphys Law says otherwise. According to the latest quarterly homeownership data released by the Census Bureau, the raw homeownership rate of 65.0% was unchanged from last quarter and 0.4% lower than a year ago. And on a seasonally adjusted basis the percentage of Americans who have a house declined […]

Housing and Household Incomes

| May 6, 2013

Hmm….Courtesy of our good friend Gene Inger.

Eminent Domain For Underwater Mortgages Is A Very Bad Idea

| June 29, 2012

The use of Eminent Domain to rewrite underwater mortgages would be catastrophic to the future of the housing industry.  It would guarantee that private capital would have no interest in writing future loans for property that could be seized.  Any idea that has no homeowner skin in the game should be dead on arrival! Officials in San Bernardino […]

Farmland Is Golden

| May 27, 2012

 Bruce Krasting The real estate crisis has crushed many Americans, but not the farmers. Arable land is at the highest value in history. Prices were up 20% in both 2010 and 2012. In the past ten-years, farm land values have more than doubled.

Homeownership Rate Falls To Lowest Since 1997

| April 30, 2012

And it’s likely to go even lower over the next few years!   The ownership rate may drop below 64 percent by the end of 2015 and stay there for years, said Scott Simon, the mortgage bond head of Pacific Investment Management Co. “It will be lower by 2017,” and “It will be lower in 2020.” The […]

Falling Home Prices Drag A New Wave Of Buyers Under Water

| April 27, 2012

Why are we not surprised?  Maybe because the government sponsored mortgages only require less then 3% down!  Hmm. From (Reuters) ….. More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a […]

Just In: The Latest Housing Data From CoreLogic

| March 1, 2012

Housing Tid Bits….. The latest quarterly report out of CoreLogic is full of insights about the state of U.S. housing. Key among them is that “negative equity and near-negative equity mortgages accounted for 27.8 percent of all residential properties with a mortgage nationwide in the fourth quarter, up from 27.1 in the previous quarter. Nationally, the total […]

And the Excitment Grows, But Over What!

| February 24, 2012

Wow…every one’s celebrating like it’s 1999, but it isn’t…try 2012? And…we continue to see record lows of Completed Houses for sale.  Anyone still want to celebrate about this?

Housing Busts

| February 21, 2012

 A picture is worth a thousand words….

Federal Reserve Chairman Bernanke Talks About Real Estate Today

| February 10, 2012

Many parts of our economy now seem to be controlled (rigged) by the government.  If  housing would have been left alone, then things could have been cleaned up by now and a true bottom might have been reached, but instead this mess will drag on for years to come much like Japans nightmare! Federal Reserve Chairman Ben S. Bernanke said the […]

One Man’s Pain, Is Another Man’s Gain! Well, Maybe…

| February 7, 2012

Bank of America Plaza, the tallest tower in the U.S. Southeast, was sold at a public auction today on the steps of the Fulton County Courthouse after landlord BentleyForbes missed its mortgage payments.  It was purchased for $436 million back in 2006, but off she goes for $235 million here in 2012.  The noteholder had a winning bid […]

Case Shiller: Real Estate Home Prices Continue To Head Lower

| January 31, 2012

More of the same…as personal income falls or flat lines, real estate will continue on a slippery slop. With record low interest rates, people, unlike in past recessions, still carry near record high amounts of debt. It is not indicative of a housing rebound. De-leveraging will continue to be a rage, unbeknown and not understood by most. The November […]

Special Tax Relief On Mortgage Debt Forgiveness Ends December 31 Of 2012

| January 29, 2012

Pay attention everyone, we review important details here that could save you or a friend lots of money on real estate debt forgiveness!  Didn’t know there was such a thing?  Well read on….  From the Los Angeles Times Reporting From Washington— The window is closing rapidly on one of the most important tax-relief provisions enacted […]

Listen Up Class, We Have More On Housing And It’s ‘Worth’ Your Attention, Pun Intended

| January 28, 2012

According to Freddie Mac, while the value of all housing is down 30%, and home equity is down 55%, we see that mortgage debt owed is only down a minestrone 3%. Bottom line, the U.S. housing market is back to the Armageddon high debt-to-equity ratio that was only ever seen during the Q1 2009 economic wipe out, and even worse, we […]

Delinquent Homeowners Get Free Money

| January 27, 2012

Yep, that’s right, if you are a responsible paying citizen you get nothing, but as the The Three Stooges would say, a poke in the eye….we know, yes there are families that really need the help for legitimate reasons, but much of this involves a reward for greed, and irresponsible actions. Oh, how times have changed! The HAMP expansion, called HAMP […]

The National Association Of Realtors Has A History Of Not Being Truthful

| December 22, 2011

NAR proving what most everyone knew:………. the sales numbers are inflated. NAR: EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010 NAR: EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN

Corporate Returns Are ‘Terrific’ As U.S. Workers Suffer Big Time

| November 15, 2011

From the master himself,  Warren Buffett…“Through the tax code, there has been class warfare waged, and my class has won,” Buffett said. “It’s been a rout. You have seen a period where American workers generally have gone no place, and where the really super rich as a group increased their incomes five for one in […]

Pig In A Poke

| September 29, 2011

Soo…The next thing coming is to re-modify the re-modified loans….that should kick the can down the road for another year or so.  That way the bankers can collect on this years bonus money. One in five homeowners whose mortgages were modified under a program aimed at reducing foreclosures defaulted again within a year after their […]

Government Will Likely Offer New (Sub Prime) Loans In Effort To Save Real Estate

| September 11, 2011

This is what we discussed on August 30 here at :   Da boys in the White House are working on a new giveaway to be presented after the Labor Day weekend.  The word is, that it will highlight how to give real estate losers something for nothing (free monopoly money or casino chips) in an effort to turn around […]

PIMCO’s El-Erian: They Don’t Understand

| September 8, 2011

The U.S. Fed doesn’t get it, stimulus won’t work, they’re addressing the wrong things here….we have “structural issues and they require structural solutions.” Ei-Erian Pacific Investment Management Co.’s Mohamed El-Erian said the U.S. faces “serious” economic challenges, including lagging housing and labor markets, that will prove resistant to Federal Reserve stimulus efforts. “You simply can’t […]

Home Refinancing On A Ramp…27% Of Homes Now Have Negative Equity

| September 2, 2011

The positive side of this…..should put more monthly income into the economic system. But…lenders’ capacity to handle loan applications could be an obstacle for the Obama administration, which is weighing options for spurring a housing recovery, including steps to promote refinancing for underwater borrowers, or those who owe more than their property is worth. Almost […]

June Case Shiller Real Estate Index Show’s Price Declines Continued, Down 4.5% Y/Y, And 0.1% Lower For June

| August 30, 2011

Da boys in the White House are working on a new giveaway to be presented after the Labor Day weekend.  The word is, that it will highlight how to give real estate losers something for nothing (free monopoly money or casino chips) in an effort to turn around housing….kind of like magic. As you might guess, the banks aren’t so happy about […]

Confidential Wal-Mart Memo…The Consumer Is Tapped Out

| August 3, 2011

The consumer is broke and getting broker.  So far, the free loaders have been free spenders.  That’s about to change as the banks get closer to kicking millions of the mortgage dead beats out of their homes.  As this evolves things will likely get down right nasty for the economy! From Bloomberg:  Disclosure from an internal, […]

Fed Paper: U.S. Housing Likely In Trouble Until At Least 2014

| July 29, 2011

Better late then never…..looks like the government finally gets real on housing!  Research released Monday by William Hedberg, a San Francisco Fed research associate, and John Krainer, a senior economist, say housing weakness is likely to continue for years.  We’re now starting to see the government throw in the towel on trying to artificially save housing.  Supply and […]

Existing Home Sales Miss, Drop To Lowest Level Since November, Order Cancellations Surge

| July 20, 2011

It’s the new normal, and it’s going to be here a while….. NAR: With job creation below expectations, excessively tight loan standards are keeping many buyers from completing deals….And proposals being considered in Washington could effectively put more restrictions on lending.  An unprecedented 16% cancelled contracts in June. According to the NAR, June existing home sales […]


| June 27, 2011

Remember the old saying, you’re only as strong as the weakest link….or links which is the case more often now days.  Looks like the dominoes in Ireland are falling.  They’re not alone. “Ireland is screwed,” said a local expert. “Our property developers are broke. And they owe a lot of money to the banks. So they’re broke too. […]

Real Estate Existing Home Sales Continue To Fall

| June 22, 2011

Considering that we’re in the summer buying season, this is bad news….. Purchases of existing homes fell 3.8% in May from the prior month to an annual rate of 4.81 million homes. At that pace, sales this year would drop below last year’s 13-year low of 4.91 million. At the same time, the price of […]

Chris Whalen Of Institutional Risk Analytics….Look Out Below For Banks And Real Estate

| June 1, 2011

Chris is one of the top real estate and banking minds for institutional money.  Chris Whalen of Institutional Risk Analytics: “If we do not see a meaningful recovery in home prices by the end of the year, we may need to contemplate impairment charges on first liens owned by banks and wholesale write-downs of second […]

U.S. Housing Starts Fell 11% in April

| May 17, 2011

U.S. Housing Starts Unexpectedly Fell in April Surprising Analysts…..We’re wondering what’s so unexpected about it? Work began on 523,000 houses at an annual pace, down 11 percent from the prior month and less than the 569,000 median forecast of economists surveyed by Bloomberg News, figures from the Commerce Department showed today in Washington. Building permits, […]

Zillow Says 27 Percent Of U.S. Homeowners Now Have Negative Equity On Home, An All Time Record!

| May 9, 2011

Highlights from a new report from Zillow on real estate…………….The number of homes with negative equity rose to 27% or 16.2 million units in the first quarter from 13.1 million units a year earlier.  In the first quarter of 2009 only 22% of homes were underwater, Zillow said.  Home prices slumped 8.2 percent on average over the past 12 months. Property […]

Housing Market Dropping Hard Again….

| May 9, 2011

Some of the smartest guys we know, the ones that use their own money to buy and sell houses…are thinking 15%-20% further down from here and 2-4  years to clear huge stealth inventories.  They say the banks have just started to get more realistic on pricing of bank owned properties, and will become very aggressive to get […]

Houses May Be Down For 10 Or Maybe Even 15 Years…Here Is Why

| May 4, 2011

This long down period makes sense….everybody is hoping for the best, but demographics and many other things point to a very negative period ahead for real estate. Can Americans cope with a 10 to 15 year bear market in real estate?  On this front there is good news, and bad news.  The bad news is that we are likely […]

Real Estate Heads Into Deeper Waters

| April 24, 2011

From this weeks Barron’s……………Mark Hanson points out, banks and servicers are back with a vengeance and cutting asking prices sharply “to blow out distressed inventory.” Other price depressants he cites include unfavorable demographics, soaring energy costs and a broken mortgage market. The chart below is from Yale economist Robert Shiller, and it plots an index (called […]

Real Estate Sales Of Tomorrow, Happened Yesterday (Or 2002-2006 As May Be The Case)

| April 1, 2011

Governments are STUPID……Last week we found out that fewer new houses were sold in February than in any month since they started keeping records in 1963….yep, the more you give somebody, the more they become reliant on it, then when it stops, they don’t know what to do.  We’re seeing this same thing happen over and over.  […]

Real Estate ABC’s….According To Real Estate Data Analytics Firm CoreLogic

| March 30, 2011

Some sound advice….It’s going to be a long negative haul for housing and there is nothing on the horizon, such as an improving economy, lower unemployment, or climbing wages to stem the flow. There were simply too many homes built during the boom phases at affordability rates that didn’t make sense. Those who can afford to […]

Record New Home Sales…Auh, Record (Low) New Home Sales That Is!

| March 23, 2011

Well, records are made to be broken…..At just 250,000 annualized, this was the lowest annualized new home sales number ever.  The government continues to say we have a recovery, they are right to some degree. The problem is the whole recovery is being supported by the government….anyone care to guess what will happen without that support.  […]

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