Tuesday, Aug
19, 2008
Calif. Home Prices Fall Despite July Sales
Surge
The median price for new and resale homes and condos stood at
$470,000 last month, down from $665,000 in July 2007. The
figure also marks a decline from $485,000 in June.
CBS 13, CA
Resale prices fall less than new homes
Myrtle Beach Sun
News, SC
Nationally, resale-home prices are
falling quicker than new-home prices. Median-resale prices
across the United States were down 6.1 percent in June from
...
Fannie, Freddie fallout is felt
Kansas City
Star, MO - 3 hours ago
A borrower with a $1170 monthly
payment for a $200000 loan would now be able to afford only
a $180000 loan, McBride calculated, though lower home prices
...
53-Month Low For Bay Area Home Prices
(CA)
In Alameda County, sales were down 9.4 percent in the year
with the median price dropping more than 27 percent, from
$605,000 in July 2007 to $440,000 last month.
Castro Valley
Forum, CA
Falling home prices: The silver lining
CNN
NEW YORK (CNNMoney.com) -- Home
prices continue to tumble across the country, making homes
more affordable in most US cities, according to a new
report ...
Have we hit bottom of housing bust?
IdahoStatesman.com, ID
Time to prepare for economic ‘perfect storm’
The State
Journal-Register, IL
According to the Center for Responsible
Lending (CRL), nearly 45 million homes not facing foreclosure
will decline in value by an estimated $233 billion as ...
Friday, Aug.
15, 2008
One Third of New Owners Owe More Than House Is
Worth
Almost one-third of U.S. homeowners who bought in the last
five years now owe more on their mortgages than their
properties are worth, according to Zillow.com, an Internet
provider of home valuations.
Infowars
Home Equity Frenzy Was a Bank Ad Come True
Sarasota
Herald-Tribune, FL
Little by little, millions of
Americans surrendered equity in their homes in recent
years as home prices seemed to rise inexorably from one
peak to the next ...
US Home prices down 7.6% from last year
Emailwire
In metropolitan housing markets
across the United States single family home values dropped
7.6% in the second quarter of the year when compared to
2007, ...
Wisconsin home prices slip while sales drop
Bizjournals.com, NC
Home prices were down just 3
percent for the quarter, to a median price of $162200. "In
a soft market like the current one, we expect some
moderation in ...
Home prices down 3.5% in Dallas-Fort Worth
9:37 AM CT
Dallas Morning
News, TX
Phoenix home prices down 21 percent from a
year ago
Bizjournals.com, NC
U.S. Foreclosures Rise 55%, Bank Seizures Reach High
Blppmberg
Hawaii foreclosures in July up 169% over last year
honoluluadvertiser.com
U.S. House Sales Fall to 10-Year Low as Prices Tumble
bloomberg.com
Rep. Ron Paul Tells Explains Why He Opposes
Housing Bailout Bill
FOXNews
I would give all the responsibility
to the Federal Reserve system that created the bubble by
having interest rates down at 1 percent, and Congress for
...
Monday, Aug 11, 2008
So Just Who Will Be the Winners and Losers From the
Housing Crash?
istockAnalyst.com, OR
Last Weeks Biggest Loser: Phoenix, AZ
Median home asking price drops $5000 in 7 days!!
08/04/2008: $234,900
07/28/2008: $239,900
HousingTracker.net: Median Home Asking Price & Inventory Data for Phoenix,
Arizona
HousingTracker
Economic Slump in US to Worsen as Consumers Get `Squeezed'
Bloomberg
Triangle home sales shrink
(NC)
Durham Herald
Sun, NC
In Durham, the median sale price of a
new single-family home declined by 5 percent from last year,
and the median price of a new condominium plummeted from ...
Median home price tumbled in western Louisville
(KY)
Louisville
Courier-Journal, KY
And the national median price for all
types of housing was $215100 in June, a drop of 6.1 percent
from a year earlier. Some of the worst-hit markets ...
RBS falls into huge loss after
11.4-billion-dollar subprime hit
AFP
LONDON (AFP) — The Royal Bank of
Scotland revealed an 11.4-billion-dollar hit from the US
subprime crisis on Friday, and a resulting half-year loss
among ...
Friday, Aug 08, 2008
Wachovia sees Orange County, Calif., home
prices dropping 20 percent
TMCnet
It looked at how much home prices are
likely to drop amid homes with such loans. Then it estimated
probable losses on the loans. The company predicts Orange ...
More pain at Fannie - $2.3 billion loss
CNNMoney.com
Declining Home Prices Lowering Costs for
Affordable Housing Units
San Diego Business
Journal, CA
8 who saw the crisis coming... and 8 who didn't
Fortune
US housing slump 'worst since 1930s'
The Guardian
Foreclosures causing weed problems
DeSoto Times Today, MS
Need a Quick Sale? Price Your Home Right
American Chronicle, CA
Survey: Homeowners in denial about falling
values
Bizjournals.com, NC
Wednesday, Aug. 06,
2008
US Households Losing Home Equity Fastest
Forbes, NY
Los Angeles Foreclosures Triple Year-ago
Levels,
Miami Doubles!
NEW YORK (Reuters) - New foreclosures more than tripled in
Los Angeles and more than doubled in Miami in July from a
year ago, with more than $2 billion of ...
LA foreclosures spread to Malibu, Santa Monica
Reuters
Honolulu median
home price plunges 22% from year-ago prices! (Hawaii)
The median price of a single-family home in July was
$299000, a 22% drop from the same month last year, when the
median price was $385000. ...
Big Island home sales and prices fall
Bizjournals.com, NC
NY governor signs foreclosure bill
Newsday, NY
Travis Co. foreclosures up 62%
(TX)
Texas Cable News, TX
`Leveraged Bailout' Won't End Mortgage Madness:
John F. Wasik
Bloomberg
Falling home prices are forcing a
writedown of home values in neighborhoods in which
foreclosures are most pronounced. ``Cash-out'' corridors in
Arizona, ...
DR Horton Build 'Em, But They Don't Come
Forbes, NY
DR Horton Reports Net Loss as Housing Woes
Deepen (Update3)
Bloomberg
This Weeks Biggest Loser: New Orleans
Median home asking price sinks $4000 in 7-days!
HousingTracker.net: Median Home Asking Price &
Inventory Data for New Orleans, Louisiana
HousingTracker
House market continues skid; are you reducing
price to sell your home?
Poughkeepsie
Journal, NY
What is happening to America?
Freeople, TX
Southern California Median Home Price Declines
Getting Worse by the Quarter!
source: Housing Bubble Bust.com
Los
Angeles |
San
Diego |
Orange
County |
| 2007-3 |
-1.03 |
-6.21 |
-4.70 |
| 2007-4 |
-3.73 |
-7.56 |
-7.00 |
| 2008-1 |
-8.31 |
-10.01 |
-11.16 |
Wednesday, July 30, 2008
ABC News |
Nationwide Home Values Plummet to 2004
levels:
Prices to sink to 2000 levels (or worse) before we hit
bottom!!
Home prices in May plummeted 15.8% from a year earlier,
to 2004 price levels, wiping away four years of
appreciation, according to the S&P/Case-Shiller 20-city
home-price index released July 29..
"Demand is way below where it was eight years ago;
supply is way above," Schiff said. "Why should prices be
substantially higher than they were in 2000? The Dow
isn't where it was in 2000. Stocks are worth less than
they were. Why should real estate stand out as worth
more?"
Home Prices Hit Four-Year Low
BusinessWeek
|
Where's the bottom of housing market?
Philadelphia Daily
News, PA
Rapid decline in 20 US cities - biggest
recorded yearly slide
San Francisco
Chronicle, USA
Home values down in Fresno County
(CA)
San Jose Mercury
News, USA
... completed on at least 1500 homes
by August. In Merced County, declining home values mean
homeowners will pay an average of $600 less in taxes this
year.
Central Bankers Safety Confidence Trick as
Great Depression 2.0 Looms
The Market Oracle, UK
Next Stop For the Housing Crash: China
Clusterstock, NY
Chinese government economists and
regulators are speaking publicly about systemic risks in
real estate. Officials fear that state-owned commercial
banks ...
Monday, July
28, 2008
US home values fall 4.8% in past year, US says
MarketWatch
Housing aid OK'd, but will it work?
Minneapolis Star
Tribune, MN
Fannie Mae bailout: Taxing America's poorest to help the
richest
blogs.law.harvard.edu
Lehman Brothers: Home Prices Haven't Hit Bottom
Yet
Trading Markets (press
release), CA
(RTTNews) - Home prices, measured by
the S&P Case-Shiller index, are likely to fall further in May,
say the analysts at Lehman Brothers. ...
NH home prices: A drop, not a pop
The Union Leader, NH
The median home price in New
Hampshire has fallen 8.2 percent in the past year, and home
sales are down 21 percent. Don't panic. This is mostly good
news. ...
Valley Home Prices Dropping
ABC30.com, CA
In Fresno County, the median price
dipped $1000 in June. In Merced County prices fell by
$16000, and in Tulare County home prices dropped about
$12000.
San Diego Looks to Halt Countrywide
Foreclosures
Housing Wire
San Diego, Calif. is the latest city to
attempt to stop a growing tide of foreclosures via legal
action, with city attorney Michael Aguirre filing a civil ...
US housing slump “without precedent”:
foreclosures up 121 percent over 2007
World Socialist Web
Site, MI
The Fannie-Freddie Fraud
(by Ron Paul)
Lew Rockwell, CA
California foreclosures jump to 20-year high
Reuters
Foreclosures hit condo dues
Allentown Morning
Call, PA
As more condo owners who need to move
are stuck with properties they can't sell and foreclosure
rates rise, ...
US Foreclosures Double as House Prices Decline
(Update2)
Bloomberg
JPMorgan Chase, Lenders May Gain New Borrowers
from Housing Law
Bloomberg
Home prices keep falling
(Los Angeles, CA)
Daily Breeze, CA
The drop in South Bay home prices was
nearly across the board and mostly in double digits.
Torrance was an exception, since its median home price fell
only ...
No sign yet of a bottom in home prices
MSNBC
By John W. Schoen The answer is
critical to millions of American homeowners who are watching
their home equity melt away or are unable to move because
...
Next Stop For the Housing Crash: China
Clusterstock, NY
Chinese government economists and
regulators are speaking publicly about systemic risks in
real estate. Officials fear that state-owned commercial
banks ...
Monday, July
21, 2008
California Median Home Price
Continues Plunge:
Median falls more than 31%, year over year!!
The median price paid for a home last month was $328,000, down
3.2 percent from $339,000 for the month before, and down 31.5
percent from $479,000 for June a year ago. Around half the
drop in median is due to depreciation, the other half due to
shifts in the types of homes selling, and how those homes are
financed.
California June 2008 Home Sales Report
DQNews
Krugman: Housing Won't Recover Until At Least 2011
In his
column in today's New York Times, Paul Krugman
predicts that the housing market won't begin to emerge from
its current slump until at least 2011, and that's because that
market will keep slumping for a while. Waiting for a bubble to
deflate is the opposite of popping a water balloon -- it takes
a while.
he New York Observer
FDIC in mess over subprime loans-WSJ
The Federal Deposit Insurance Corp, a
regulator of US banks, is itself embroiled in a mess related
to subprime mortgages, ...
The U.S. government gave out
high-interest, subprime mortgages, according to government
documents filed in federal court, the newspaper said.
Reuters
What It Takes to Get a Mortgage Now
Kiplinger.com, DC
For example, Radian, a major insurer,
requires a minimum down payment of 10% for condos and co-ops
in markets with declining home values. ...
Is your money safe?
Long Beach
Press-Telegram, CA
Greed, bad loans and a failure at the
highest levels of government to stop the housing bubble
before it burst, are part of the reason IndyMac Bank failed,
...
Housing suffers further as economy slouches
MarketWatch
Home prices are critical because
experts have said that the financial markets won't stabilize
until housing prices do. Federal Reserve Chairman Ben
Bernanke ...
Lessons from the Great Depression
StarNewsOnline.com, NC
This decade, the real-estate boom
left property owners thinking that house prices would never
fall. Economists like Pearce admit they can’t predict how
bad ...
KB Home building townhomes in Henderson
(NV)
Las Vegas Review -
Journal, NV
A new report from the Center for
Economic and Policy Research shows that,
due to the bursting of the housing bubble, the vast majority
of
Bay Area median price dives below $500K; sales near record low
(CA)
DQNews
Housing prices haven't hit bottom yet
McClatchy Newspapers
Thursday,
July 17, 2008
Bargain hunting picks up as Southern California
home values fall further
Los Angeles Times
SoCal home prices drop 29.3 percent in June
Forbes, NY
The median price has fallen because of
depreciation, especially in inland markets, and because of the
steep drop in home financing in the jumbo category, ...
Home auctions surge nationwide
Jackson Clarion
Ledger, MS
This Weeks Biggest Loser:
Phoenix, AZ
Median asking price plunges Nearly $5K in 7 days!
housingtracker.net/askingprices/Arizona/Pheonix
HousingTracker
Valley home prices drop record 18%
Arizona Republic, AZ
Valley home prices continued their
year-over-year plunge in April, dropping a record 18 percent
as the impact of foreclosures and other ...
Mortgage Confidential: Fed's new sub prime
rules will have little effect
WalletPop, VA
Feds Probe IndyMac, Expand Subprime Inquiry
ABC News
FREDDIE & FANNIE UNCONSTITUTIONAL BAIL OUT
USING WHAT?
We also
know that what is being proposed regarding Freddie Mac and
Fannie Mae is against the law. The U.S. Constitution does NOT
authorize Congress to act as a bank to bail out corporations
like Lee Iacocca's Chrysler Corporation, the infamous 'Mexican
Peso Bailout' under Marxist Bill Clinton or Freddie and
Fannie.
NewsWithViews.com, OR
Fannie and Freddie Are Largely Responsible for
the Housing Bubble
Seeking Alpha, NY
Fannie, Freddie spent millions on lobbying
The Associated Press
Angry depositors want every penny from bank
"Once I get in the door, I'm going to get every penny I can
out of there,”
Klein told
The Associated Press while waiting in line outside the
bank's headquarters branch in Pasadena. "I'm going to bury it
in the back yard.”
NewsOK.com
(subscription), OK
Hamptons House Prices Fall Amid Wall Street's
Decline (Update5)
Bloomberg
Speculating About an Oil "Bubble"
Washington
Post, United States
... the realities of supply and
demand should ultimately correct that price, just as
happened with the recent housing bubble and other bubbles in
the past. ...
Home prices keep falling and mortgage defaults
keep rising
The Foothill
Weeklies, California
