The Latest Housing News From Across the USA!
Tuesday, 01.06.2009
Home sales are up but prices are falling; who's buying houses?
San Jose Mercury News, USA
Shaq: Latest Victim of the Housing Crash?
Shaquile Oneal's Home
Not Selling:
Asking Price Lowered
By $10 Million
USHousingUpdate.com
Real estate industry downsizes
MaineToday.com, ME
Home prices fall in Bakersfield
Bakersfield Californian, CA
Bakersfield’s median home price fell to $145000 in
December, down more than 39 percent from a year earlier, according to the
monthly Preliminary Crabtree ...
Three Day Foreclosure Auction Sweeps Through Detroit, Enticing
Buyers With Discounted Prices
SunHerald.com, MS
Foreclosures Hit Record High in Wisconsin
WQOW TV News 18, Eau Claire
Economists see jobless surge, deeper housing hole
Reuters
Confessions of a former real estate bull
CNNMoney.com
Homeownership goals created house of cards
San Diego Union Tribune, CA
RI house prices down 20% from previous year
Providence Journal, RI
Bankruptcy filings jump by one-third in 2008
USA Today
Whatcom County home prices down 4.5 percent,
sales plunge in 2008 - WA
Bellingham Herald, WA
Housing Market Might Not Bottom Until 2010, Report Says
Wall Street Journal Blogs, NY
Economic 'bubbles have only begun to burst'
Vancouver Sun, Canada
Thank you to Tommy T. for your support ($5 donation)
01.05.2009
We All Saw the
Housing Crash Coming....Didn't We?
USHousingUpdate.com
Bailout Madness Continues
Times of the Internet, Ohio
In fact, taxpayer dollars are now being used to fund
takeovers. That's right, several banks are already in the process of using
TARP funds to acquire rivals ...
The Real Bailout Needed is a Consumer Bailout - Part 2
OpEdNews, PA
Buyers Market for Denver Home Sales -
CO
My Fox Colorado.com, CO
Denver housing prices, while still dropping, are also
outperforming the rest of the nation, according to the S&P Home Price Index.
...
Advice for renters if landlord faces foreclosure
Los Angeles Times, CA
Jim Rogers on Banking Bailout: 'Horrible Economics'
Seeking Alpha, NY
Area bank official expects 'avalanche' of foreclosures
- FL
Ocala, FL
U.S. Housing: A False Dawn Recovery in 2009
SeekingAlpha
Housing Push for Hispanics Spawns Wave of Foreclosures
Wall Street Journal
Fed Officials Endorse ‘Big Stimulus’ to Battle US Recession
Bloomberg
HUD funds to help cities clean up foreclosures
Los Angeles Times, CA
01.04.2009
Economist Predicts Worst U.S. Recession
Ever & 20% Interest Rates!
Economist Jim Rogers Predicts Worst US Recession Ever
Fight4Truth.com
01.01.2009
Economy puts damper on New Year's Eve celebrations
The Associated Press
San Diego Man Busted in Foreclosure Scam - CA
San Diego 6, CA
Mortgage rates hit fresh 37-year low
CNNMoney.com
Twin Cities home prices keep falling -
MN
Minneapolis Star Tribune, MN
Seattle-area house prices drop to '06 levels
- WA
Seattle Post Intelligencer
Real estate crash makes divorce more complex, costly
Dallas Morning News, TX
12.31.2008
Consumer confidence, home prices plunge
Washington Times, DC
S&P / Case Shiller Index Show Continued Home Price Crashing!
(Click chart for larger image / article)
Case-Shiller Home Price Index, City by City
Phoenix, San Francisco, and Vegas the biggest losers!
>
|
Metro Area
Atlanta |
October 2008
119.77 |
change from September 2008
-2.4% |
year over year change
-10.5% |
| Boston |
159.17 |
-1.1% |
-6.0% |
| Charlotte |
128.02 |
-1.8% |
-4.4% |
| Chicago |
145.49 |
-1.6% |
-10.8% |
| Cleveland |
108.76 |
-1.0% |
-6.2% |
| Dallas |
120.60 |
-1.1% |
-3.0% |
| Denver |
129.05 |
-1.5% |
-5.2% |
| Detroit |
86.10 |
-4.5% |
-20.4% |
| Las Vegas |
142.57 |
-2.7% |
-31.7% |
| Los Angeles |
179.82 |
-2.6% |
-27.9% |
| Miami |
173.42 |
-3.0% |
-29.0 |
| Minneapolis |
135.71 |
-3.4% |
-16.3% |
| New York |
190.04 |
-0.9% |
-7.5% |
| Phoenix |
135.18 |
-3.3% |
-32.7% |
| Portland |
166.44 |
-1.9% |
-10.1% |
| San Diego |
159.12 |
-3.0% |
-26.7% |
| San Francisco |
139.44 |
-4.2% |
-31.0% |
| Seattle |
170.45 |
-1.4% |
-10.2% |
| Tampa |
165.44 |
-3.4% |
-19.8% |
| Washington |
184.92 |
-2.7% |
-18.7% |
Source: Standard & Poor’s and FiservData
Home Prices Indexes Crash In October
Phoenix Leads US Home Price Decline as Lenders Unload Houses
Bloomberg
Las Vegas Real Estate Resets
TheStreet.com
Real estate is no good in New York
Tonawanda News, NY
Annual drop in Atlanta home prices hits 10.5%
- GA
Atlanta Journal Constitution, USA
Dollar Heads for Biggest Annual Drop Against Yen in Two Decades
Bloomberg
Bank CD yields take a sharp drop after Fed's rate cut
Los Angeles Times, CA
Fed to start buying mortgage securities next month
MarketWatch
Walking away from your home
Boston Globe, United States
The aptly named “Walk Away From Your Mortgage
Calculator’’ will even tell you far underwater your home is and how many years
of price increases it will take ...
How does it feel to have ruined this country.
Motley Fool
12.30.2008
HUD Kills FHASecure
Housing Wire
... that the program could handle at-risk and
underwater borrowers without the need for a $300 billion expansion to the FHA
program under the H4H proposal. ...
Housing: No bottom yet, but maybe 2010
CharlotteObserver.com, NC
Paulson Bailout Fails to Deliver, Except for Big Banks
The Epoch Times, NY
12.29.2008
Home Prices Still Too High: More Pain to Come
Part of the problem is that prices still are simply too high. Even as recently
as August 2008, the median home price was still historically high in comparison
to median income – about 4 times. It takes lower rates than in the past for a
family with the median income to afford the median priced house. This means that
homes are less affordable today than they were 6 years ago.
A Housing Boom,
but for Whom?
NewGeography.com
U.S. Economy: Home Prices Fall Near Depression Pace
Bloomberg / Infowars.com
Pletschet: Don't expect a happy new year
Home
prices and sales will continue to slide. The continued drop in prices could
help home buyers, but would adversely affect builders and lenders, and spill
over into a fall-off in the sale of appliances, carpeting and landscaping.
Contra Costa Times, CA
16% of U.S. households in foreclosures by 2012
Credit Suisse forecasts more than 8 million
mortgages will go through foreclosure over the next four years. That’s roughly
16% of U.S. households with mortgages.
mortgage.freedomblogging.com
Was 2008 the beginning of another Great Depression?
Boston Herald, United States
Witnesses to the Great Depression remember
Washington Times, DC
Nevertheless, the unfolding collapse in housing values
has obliterated an estimated $4 trillion in home equity, which will cause
millions of households to ...
Over-Correction in the Phoenix Housing Market
- AZ
Seeking Alpha, NY
Prices drop $116000 in 2008 - CA
Less than three years after it sold for $310,000 the home was in foreclosure and
back on the market for $189,000 in February of this year. It was sold but not
for $189,000. It closed escrow for under $150,000 sliding in value
downward under the weight of more than 1,000 foreclosures.
Manteca Bulletin, CA
Home prices expected to fall further in 2009
Los Angeles Times, CA
Dollar Falls on Concern US Recession Will Deepen; Pound Drops
Bloomberg
Four things to consider when refinancing your mortgage
MarketWatch
The Housing Market Will Improve with Lower Prices, not Lower Interest Rates
SeekingAlpha
|
12.25.2008
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Mad Money's Jim Cramer: A
Housing Flip-Flopper?
US Housing Update / YouTube
Money losers of 2008: The American homeowner, still sinking after
the bubble burst
BloggingStocks
US mortgage rates drop to lowest in 37 years
Reuters
Foreclosure crisis creates unique hardships for renters
San Luis Obispo Tribune, CA
NH home prices 17% less than a year ago
Fox44 News, Vermont
Recession, Tight Credit Compound Housing Woes
Wall Street Journal
Jumbo Mortgage Shoppers Get Little Relief From Rates
Bloomberg
The Housing Bubble Continues to Burst
RGE Monitor, NY
Boundary County Home Prices Down 12 Percent
- ID
Ruralnorthwest.com, ID
Salinas Home Value Decline Leads Nation
- CA
MSNBC
Home prices in Salinas dropped 29.06 percent in October
compared to a year ago and the state of California witnessed a 28.25 percent
decrease during the ...
12.24.2008
30 Percent of San Diego County Homes 'Underwater'
Almost three in 10 homes in San Diego are "underwater"
--
that's a term used when a home is worth less than the mortgage. Almost three
in 10 homes in San ...
US Housing Update / SignOnSanDiego.com
Pace of Dropping Home Prices Gets More Severe!
November Home Sales Fell Faster Than Expected
USHousingUpdate.com, United
States (NYTimes)
U.S. Housing price depreciation / appreciation chart -
Year over Year:
California, Arizona, Nevada, Wyoming, Florida among
hardest hit states for falling home prices, while West Virginia, New York state
see year over year price increases...
(click chart for larger view)
Chart courtesy First American
CoreLogic.
A record year for foreclosures
BusinessWeek
Housing Market: No Bottom in Sight
U.S. News & World Report, DC
Inland housing market expected to be one of
nation's worst Performers in 2009 (Inland Empire, CA)
Press-Enterprise, CA
Home sales dive, dimming prospects for recovery
(TX)
Austin American-Statesman, TX
Home prices plummet as sales climb (FL)
Sun newspapers, FL
Housing market's woes may only get worse
MSNBC
The price drop was probably the largest since the Great
Depression, NAR chief economist Lawrence Yun told reporters. The steep drop in
prices, combined with ...
Rules Set for Mortgage Loan Appraisals
New York Times, United States -
5 hours ago
... determine if home appraisers were inflating home
values, contributing to the housing bubble that burst into the worst market
since the Great Depression. ...
Calif. home prices down 26%, nation’s worst — again -
OCRegister.com
12.22.2008
Congressman Ron Paul Goes Public on Federal Reserve Purposely Crashing US
Economy:
Truth
advocate Ron Paul goes on national radio show, admits Federal Reserve is
corrupt!
You Tube / US Housing Update
American Taxpayer Dollars Paid as Bonuses for Execs of Banks that Caused the
Housing Bubble & Collapse!
As US banks are getting taxpayers' money to bail them out, they have paid up
to USD 1.6 bln in salaries and bonuses to their executives.
US Banks paid execs up to 1.6 bln
PRESS TV, Iran
Housing Bubble Forecaster Peter Schiff On National TV, Blames Government /
Federal Reserve for Crashed Economy / Depression!
Watch as Peter Schiff tries to Explain Economics to this bumbling
idiot Federal Reserve Cheerleader:
US Housing Update.com / YouTube
Life Without Bubbles
Whatever the new administration does, we’re in for months, perhaps even a year,
of economic hell. After that, things should get better, as President Obama’s
stimulus plan — O.K., I’m told that the politically correct term is now
“economic recovery plan” — begins to gain traction. Late next year the economy
should begin to stabilize, and I’m fairly optimistic about 2010.
New York Times, United States
Pay or Walk Away? New Calculator May Help You Decide
San Francisco Chronicle, USA
$700 Billion Bailout Celebrated With Lavish $800 Billion
Executive Party
Onion.com
Bush poured fuel on housing fire: NYT
The Swamp - Tribune's Washington Bureau, DC
Owners flee, and neighbors pay for it
DetNews.com, MI
Recession carves away at real estate jobs
Houston Chronicle, United States
The median price fell for the second month in a row, dropping
7.7 percent to $137500. Membership in the Houston Association of Realtors is
down 4 percent ...
Building up bravery
San Diego Union Tribune, CA
The median home price in the county has dropped 41 percent to
$305000 from its all-time high of $517500 in November 2005. This year is the
worst in a long ...
As rates plummet, refinancing skyrockets
Santa Rosa Press Democrat, CA
... only driving interest in refinancing, but are also
spurring buyers who have been stubbornly sitting on the sidelines as they
watched home prices slide. ..
12.19.2008
Southern California Current Home Price Decline vs. 1990's
Home Price Decline:
Why Home Prices Still Have A Long Way To Fall
These charts compare Southern California's home price drops during the
1990's vs. the current housing price plunge, along with inflation.
As you can see, at the end of the 1990's housing slump, home values barely beat
inflation.
Now looking at to current price decline (chart on right) you can see that home
prices still have a long ways to fall to fall back near inflation adjusted
levels.
chart courtesy of
HousingBubbleBust.com
(click chart for larger view)
Why Home Prices
Still Have A Long Way To Fall
USHOUSINGUPDATE.COM
(click article for larger chart)
Mortgage rates, home prices both fall in Sacramento region
Sacramento Bee, USA
Bay Area home values hit 8-year low in November
(CA)
San Francisco Chronicle, USA
Owners find themselves trapped underwater
USA Today
Home prices are projected to drop on average another
10%, bringing to about 14.6 million the number of homeowners who will be
underwater on their mortgages ...
Home Mortgage Modification Programs Are ‘Flopping’
Bloomberg
Nouriel Roubini: The $700 Billion Bailout Isn’t Enough
U.S. News & World Report, DC
12.18.2008
San Francisco Area Home Prices Drop Record 44 Percent
Bloomberg
Manhattan home prices plunging
Newsday, NY
Phoenix-area home prices show 28 percent decline since September
2007
Bizjournals.com, NC
Walking away from a mortgage no longer unthinkable
The Associated Press
Regional home sales, prices fall (PA)
Pittsburgh Post Gazette, PA
The five-county median price slid from $116750 in
November 2007 to $115000 last month, a drop of 1.5 percent. The region's
average price dropped 2.5 percent ...
San Francisco Home Prices Lowest in Decade
TheStreet.com
More people are getting out of California than coming in, report
says
Los Angeles Times, CA
55% of SoCal home sales were foreclosures
OCRegister
November LA County Home Sales Up, Prices Down
Examiner.com
"Many first-time homebuyers are, understandably, cheering
as foreclosures dominate sales, tugging down prices and raising affordability,"
he continued. ...
Cape Coral area No. 1 in foreclosures — again
(FL)
North Fort Myers Neighbor, FL
12.17.2008
Evidence
that the Fed Caused the Housing Boom
Mises.org
OC Home Prices Slip to $400000
Orange County Business Journal, CA
By Mark Mueller Orange County's median home price fell
another $20000 to $400000 in November, the lowest price the area’s seen in
more than five years
US Federal Reserve slashes rates as economic woes snowball
Times of India, India
US stocks soar as Fed cuts rate to lowest level ever
International Herald Tribune, France
Ron Paul economic advisor Peter Schiff tells all the surest
way to become a real
America's Best Long-Term Real Estate Bets
Forbes, NY
Paulson: Looking at ways to lower US mortgage rates
Forbes, NY
Housing Prices To Continue Dropping
NPR
Foreclosures push down Tucson-area home prices, report says
(AZ)
Arizona Daily Star, AZ
How low can prices go?
Boston Globe, United States
Home prices widely expected to fall in 2009
เดอะ เนชั่น, Thailand
Destroying houses in order to boost home prices
RGE Monitor, NY
10 Questions with the Bear Who Called the Bubble ... Four Years
Ago
Esquire
MW: The housing market bubble followed pretty closely
along the same pattern as the tech bubble and bust -- it had the same origin,
excessive easing by the
12.16.2008
San Diego Median Home Value Sinks to 2002 Levels:
Median price crashes $135,000 in past 12 months!
The overall November median stood at $305,000, down 5.7 percent from $323,500
in October and off $135,000 or 30.7 percent from November 2007. It was the
seventh straight month for year-over-year price drops exceeding the $100,000
mark and brought the median back to nearly where it was in April 2002.
County median price for homes drops $18000
San Diego Union Tribune, CA
Inland Empire Still Seeking Housing Bottom
Investor's Business Daily
Inland Empire home prices plunged by 42% in the third
quarter from a year ago, well above the 9% drop nationwide, according to the
National Association of ...
Federal Reserve sets stage for Weimar-style Hyperinflation
Motley Fool
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