thestatedtruth.com | 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 […]
Category: National News, Real Estate, Tid Bits, Uncategorized |
No Comments »
Tags: Metro R E Prices, Real Estate, Top Real Estate Markets In U.S.
thestatedtruth.com | 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 […]
Category: Charts and Graphs, Commentary, Economy, Finance, National News, Personal Net Worth, Real Estate, Uncategorized, Wall Street |
17 Comments »
Tags: Bankers;Bubble Chart, Fake markets, foreclosures, Free, Live Free, No Equity, No Rent, RE Bubble Chart, RE Inventory, Real Estate, Set Up, Vampire Mortgages
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Uncategorized |
6 Comments »
Tags: Real Estate, Seller, Smart Guys, Very Smart Guys, Wise Dog, Wise Guys, Wisedog
thestatedtruth.com | 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 […]
Category: Charts and Graphs, Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Research, Wall Street, World News |
1 Comment »
Tags: charts, Expectations, Home Builders, Housing 101, Median Home Sale Price, NAHB, New Home Sales, RE Sales, Re Think, Real Estate, Sales
thestatedtruth.com | 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 […]
Category: Charts and Graphs, Commentary, Economy, National News, Real Estate |
1 Comment »
Tags: home ownership %, Real Estate, Record Rent Costs, Rentals, Rents, Rents Rising, Stggering Statistics
thestatedtruth.com | May 6, 2013
Hmm….Courtesy of our good friend Gene Inger. www.ingerletter.com
Category: Charts and Graphs, Commentary, Economy, Interest Rates, Bonds, National News, Real Estate |
160 Comments »
Tags: Fed, household income, Housing Costs, Inger, Prices, Real Estate, Values
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street, World News |
11,637 Comments »
Tags: Eminent Domain, Lost Cause, Morgages, Real Estate, Under Water
thestatedtruth.com | 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. www.zerohedge.com
Category: Commentary, Economy, National News, Real Estate |
35 Comments »
Tags: Double Your Money, Farmers, farmland, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate |
61 Comments »
Tags: home ownership %, Ownership rate, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate |
77 Comments »
Tags: debt, Housues, Mortgage, Own Home, Real Estate, Underwater
thestatedtruth.com | 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 […]
Category: Charts and Graphs, Commentary, Economy, National News, Real Estate, Wall Street |
3 Comments »
Tags: Borrowers, Equity, housing, Loans, LTV, Real Estate, Upside Down
thestatedtruth.com | 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? www.zerohedge.com
Category: Commentary, Economy, National News, Real Estate, World News |
37 Comments »
Tags: Excitment, Home Sales, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
2 Comments »
Tags: Finance, Housinf, Morgage, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate |
4 Comments »
Tags: Default, Mortgage Sale, Public Auction, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street, World News |
21 Comments »
Tags: Case-Shiller, home prices, Housing Peak, Real Estate, Top 20
thestatedtruth.com | 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 […]
Category: Commentary, National News, Real Estate, Wall Street |
67 Comments »
Tags: debt, Forgiveness, Mortgage Debt, Real Estate, Tax Free
thestatedtruth.com | 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 […]
Category: Charts and Graphs, Commentary, Economy, Interest Rates, Bonds, National News, Real Estate |
12 Comments »
Tags: charts, Equity, home equity, Home Owner, housing, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street |
73 Comments »
Tags: Banks Fannie Mae, freddie mac, Free Money, HAMP, Real Estate
thestatedtruth.com | 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
Category: Commentary, Economy, Interest Rates, Bonds, National News, Real Estate, Wall Street |
92 Comments »
Tags: NAR, Real Estate, Realtors, Sales
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Inspirational, National News, Personal Net Worth, Real Estate, Wall Street |
4 Comments »
Tags: Buffett, Corporate Earnings, Poor, Rare Doings, Real Estate, Rich, Super Rich, Warren Buffett
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
1,832 Comments »
Tags: banks, Re-modify Loans, Real Estate
thestatedtruth.com | September 11, 2011
This is what we discussed on August 30 here at www.thestatedtruth.com : 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 […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, Real Estate, Wall Street |
94 Comments »
Tags: Government Plan, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street |
434 Comments »
Tags: Economic, housing, Problems, Real Estate, Realignment, Structural Issues
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, Real Estate, Wall Street |
48 Comments »
Tags: Home Lending, Real Estate, Refi, Refinancing
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
481 Comments »
Tags: Free Money, Giveaway, Real Estate
thestatedtruth.com | 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, […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
778 Comments »
Tags: broke, Consumers, Dead Beats, Real Estate, retail
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
3,598 Comments »
Tags: Economy, Fed Paper, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street, World News |
718 Comments »
Tags: R E Cancellations, Real Estate, Real Estate Sales;NAR
thestatedtruth.com | 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. […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, Real Estate, Wall Street, World News |
711 Comments »
Tags: dominoes, Homes, Ireland, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
58 Comments »
Tags: Home Sales, housing, Real Estate, Realtors
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, National News, Real Estate, Wall Street |
27 Comments »
Tags: fannie mae, Fredie Mac, Put Backs, Real Estate
thestatedtruth.com | 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, […]
Category: Commentary, Economy, Real Estate, Wall Street, World News |
765 Comments »
Tags: Housing Starts, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, National News, Real Estate, Wall Street |
63 Comments »
Tags: home equity, Home values, Real Estate, zillow
thestatedtruth.com | 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 […]
Category: Commentary, National News, Real Estate |
478 Comments »
Tags: bank Ownd, Case-Shiller real Estate Index, Real Estate, zillow
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
755 Comments »
Tags: Homes, Houses, housing prices, Real Estate
thestatedtruth.com | 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 […]
Category: Commentary, Economy, National News, Real Estate, Wall Street |
899 Comments »
Tags: RE Chart, Real Estate
thestatedtruth.com | 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. […]
Category: Commentary, Economy, Interest Rates, Bonds, National Security, Real Estate, Wall Street, World News |
591 Comments »
Tags: Real Estate, real estate pending sales
thestatedtruth.com | 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 […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Real Estate, Wall Street |
350 Comments »
Tags: CoreLogic, Data Analytics Real Estae, Real Estate
thestatedtruth.com | 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. […]
Category: Commentary, Economy, Interest Rates, Bonds, Real Estate, Wall Street, World News |
405 Comments »
Tags: New Home Sales, Real Estate