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November 2009
Housing News Archive
| Monday, November 30, 2009 |
Housing stability dependent on federal aid |
Housing market rise inspiring but may not last
San Francisco Chronicle
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| Case-Shiller Still Predicts Massive 45% Fall To Come The 10 major cities in the Standard & Poor’s/Case-Shiller home price index have risen 5% from their April low, but the index is still predicting a massive 45% fall from today’s values. Blog.ml-implode.com |
South Florida home sales up, but prices down 16-30 percent
MiamiHerald.com
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Walk Away If Mortgage Underwater Says Professor
HULIQ
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Bernanke Forgot About His Role In Causing the Great Recession
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Bernanke Attacks Ron Paul's Audit the Fed Bill
The New American
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Today's Housing Bubble Post - It Ain't Over
Seeing the Forest
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1 in 4 Children, and 1 in 8 Americans Now on Food Stamps
Benzinga
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Falling rents aid homeowners in mortgage trouble
Los Angeles Times
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State-funded housing for illegal immigrants?
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Wednesday, November 25, 2009 |
| How the US Government Created the Housing Bubble & Bust Homeownership dream turned into nightmare with US help
Sarasota Herald-Tribune
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Without Government Intervention, Housing is SCREWED!
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Home Prices Still Dropping but at Slower Pace
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| Housing Bottom "Not Even Close" Barry Ritholtz Says "Until we start seeing a healthy housing market that can stand on its own, without government props, without distressed properties selling 60% off peak levels - that's how you know the bottom is in,"... Yahoo.Finance |
| Home Sales Poised to Dip After Tax-Credit Rush USNews / Yahoo! News |
Ron Paul Gains Support Of Congressman Grayson For Audit Of The Fed !
Examiner.com
... Congressman Ron Paul and Democrat Congressman Alan Grayson of Florida have banded together in supporting legislation that will allow the Federal Reserve ...
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| Federal Housing Administration Reserve Fund In the Red TransWorldNews |
| Tuesday, November 24, 2009 |
No Bottom in Home Prices Until 2011
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| Taxpayers Get Looted by Homebuyer Tax Credit! Investment funds are purchasing billions of dollars in home loans, and refinancing them through the Federal Housing Administration (FHA), which results in the lowering of the loans’ original value. Next, the reduced loans are packaged together and sold to investors. Homeowners naturally think they’ve received a gift as a result of seeing their mortgages lowered, but what they don’t realize is that as taxpayers, they have also assumed the risk if anything goes wrong with Wall Street’s reselling of the loans. If FHA is unable to back all the refinanced loans during another economic crisis, another bailout could be in order. Taxpayers Take Over Mortgage Risks from Wall Street
AllGov
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Homeowners Ponder Whether to Stay or Go
Wall Street Journal
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The passing of Ron Paul's HR 1207 means we are one step closer to abolishing the Federal Reserve
Examiner.com
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The home-price bubble can't be back already -- can it?
Chicago Tribune
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More Pain For You And Me: The Economy's About To Stumble
Huffington Post
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San Diego Housing Scam Busted
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| Monday, November 23, 2009 |
Ivy Zelman: Home Prices Going Back Down
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| House Prices Still Have A Ways To Fall Yahoo! Finance |
| Housing "Recovery" Built on Sand Online.barrons.com |
| Another Leg Down Coming in Housing Bloomberg.com |
Foreclosures: Those with Good Credit, Jobs are Walking Away
eCreditDaily.com
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The Delusional American Home debtor "Homeowner"
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Fed Has failed: Time to Fire them
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HOUSING: You're underwater on your house. Now what?
North County Times
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Second wave of foreclosures
Times-Georgian
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| Friday, November 20, 2009 |
Mortgage Delinquencies: Record High
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Foreclosures will keep rising through 2010, report says
Los Angeles Times
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America's Fastest-Recovering Cities
Forbes
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14 Percent of US Homeowners In Peril
CBS News
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Toll Brothers CEO: “Yesterday's Subprime is Today's FHA,”
Benzinga
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Is the Fed Creating New Bubbles?
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Rapid rebound fuels fears of housing bubble
CBC.ca
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Ron Paul wins a key battle in war to open Fed's books
Los Angeles Times
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Fear of Double Dip in Housing
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| Wednesday, November 18, 2009 |
Mortgage Delinquencies Still Rising - Analyst Blog
Benzinga
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High End Real Estate: Will The Second Shoe Drop?
Real Estate News | BiggerPockets.com
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House prices off 6.5% as tax credit boosts sales - TN
Chattanooga Times Free Press
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| An overgrown lawn could cost a homeowner $1,000 a day Infowars.com |
Housing Bubbles: Americans Ignoring Reality
Scoop.co.nz
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Predictions From the Man Who Called the Housing Meltdown
Motley Fool
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Home Depot's Numbers Show Housing's Still in the Basement
Money Morning
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"Shocked, Shocked" at FHA Troubles: Another Mess for Obama's Mop
Huffington Post
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Serious home loan delinquencies are above 10% of mortgages in California
Los Angeles Times
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End the Fed march will take place this Sunday in Philadelphia
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| Tuesday, November 17, 2009 |
Home Prices to Fall Into 2010: Likely Beyond
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Low-priced land on Ebay - Start Your Bidding
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San Diego Home Prices Finally Increase Year Over Year
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Ten Questions on the Volatile Housing Market
Wall Street Journal
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The Fed's Policy of Near Zero Interest Rates
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Government Props-Up Home Prices...for now
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Federal loans for unemployed, and Wells Fargo forgiving principal
Examiner.com
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How a government bailout created the commercial real estate catastrophe
True/Slant
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Rental prices fall to lowest level in almost a decade
Herald.ie
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Stop the Fed from Operating Above Congress!
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FHA Bailout By Taxpayers On The Way
HoweStreet.com
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| Monday, November 16, 2009 |
| US Housing Bust’s Last Chapter: 2010 And 2011 Face Big Resets In Alt-A And Option ARM Loans Daily Markets |
Bank forecloses on New Orleans haunted houses owned by celebrity Nicholas Cage
Examiner.com
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| Irvine condo’s price plunges 50% in three years - Irvine and Tustin Homes : The Orange County Register |
Why we must nationalize the Federal Reserve
OpEdNews
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The FHA's nose dive
Washington Post
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Will FHA increase down payment requirements?
Examiner.com
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Belsky: Rethink the cult of homeownership
Austin American-Statesman
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Speculative recovery sows seeds of an even greater economic crash
Prison Planet.com
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Home appraisals turn into a hazard
News & Observer
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| Friday, November 13, 2009 |
| Housing Still Falling: Behind the Headlines DRHousingBubble |
Foreclosure rates climb in middle and upper class areas - IL
Medill Reports: Chicago
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Home Prices Down In 8 Of 10 US Cities
The Consumerist
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| The People Strike-Back Against Greedy Bankers As Foreclosure Nightmares Increase, Will More Homeowners Pay Off Their Bankers in Violence? Alternet.org |
Fraudster Madoff home prices lowered
WiredPRNews.com
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Crystal Meth and Senior Housing
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FHA reserves fall below legal limit
Washington Post
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US Foreclosure Filings Surpass 300000 for 8th Straight Month
Bloomberg
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More of the same tired arguments against Ron Paul's Fed Audit Bill
Liberty Maven
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Florida shooting suspect had money / Foreclosure problems
Los Angeles Times
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Top 10 states with highest foreclosure rates
Examiner.com
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| Wednesday, November 11, 2009 |
Surfs Up: Next Foreclosure Wave Starts Now
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Home prices Down in Most US Major Markets
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Nationwide home prices fall in 123 of 153 metro areas
BloggingStocks
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Median home prices fell nationwide in 3Q
Salt Lake Tribune
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Next crash could be commercial real estate
Building Design & Construction
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Peter Schiff: US GDP Growth Isn't Real And The Recession Isn't Over
istockAnalyst.com
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The Accidental Landlords
American Thinker
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fdic's Bair: Bank Failures Will Peak In 2010
Wall Street Journal
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If You Thought the Housing Meltdown Was Bad…
Gold Seek
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Shadow Inventory Dwarfs Loan Mods
CNBC
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Fed's Lockhart - income woes may weigh on housing
Reuters
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| Tuesday, November 10, 2009 |
New Foreclosure Wave Begins!
The first wavelets of a long-dreaded tsunami of new defaults are washing up on the shores of California, Florida and other markets where prices soared during the housing boom, bringing the nightmare of foreclosure Tidal Wave of New Defaults Begins
United Press International
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Mortgage Crisis II looming?
istockAnalyst.com
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Four of Every 10 Sellers Reduced Home Prices in October According to ZipRealty
CNNMoney.com
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Ron Paul: We need to audit the Federal Reserve, now more than ever!
Men's News Daily
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| Even the Rich Are Treating Their Houses Like Piggy Banks (Really, Really Big Piggy Banks) WSJ.com |
US Real Unemployment Hits Depression Level Numbers of 17.5%
The Market Oracle
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| Looming foreclosure wave will derail recession recovery in California Centralvalleybusinesstimes.com |
Las Vegas Home Prices Decline 26.8 Percent, Despite Uptick in Sales
KLAS-TV
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Zillow: Tampa Bay home prices down 2.2 percent
Tampabay.com
Tampa Bay home prices fell 2.2 percent between the 2nd quarter of 2009 and the 3rd quarter of 2009, according to Zillow.com. As of September 30, ...
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Home Purchase Tax Credit Extended: Is This Wise?
Seeking Alpha
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FHA's reserve fund hits 7-year low
Washington Post
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| Friday, November 6, 2009 |
Could we see a `double-dip` in house prices?
Think Money
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Fannie Mae to allow borrowers in foreclosure to lease back homes
Los Angeles Times
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The Housing Bust - The Final Chapter
HoweStreet.com
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Obama expected to extend, expand home tax credit
Newsday
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| Latest Homebuyer Tax Credit: Pay More, Get Less BusinessWeek |
The next taxpayer bailout ... FHA?
Seattle Post Intelligencer
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| L.A.-area agents holding open mansions Latimes.com |
"This Loan Is An Example Of What Went Wrong In America"
Huffington Post (blog)
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Neighbors Band Together To Prevent Foreclosed-Home Parties
The San Diego County Sheriff's Department is recruiting extra help in an effort to prevent all-night rave parties in foreclosed homes, 10News reported. ...
KGTV, 10News.com |
| Wednesday, November 4, 2009 |
Nearly 600000 Americans Walked Away from their Mortgage in 2008
Benzinga
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Auctioned homes go for under $150G
Boston Herald
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Congress Poised to Keep Homebuying "sucker" Credit
New York Times
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Florida class-action suit accuses KB Home of inflating prices
Tampabay.com
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7 Reasons The Next Sustained Market Move Is Down
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Wells Fargo Defers Reckoning On Troubled Mortgage Balances
Wall Street Journal
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Daily Walk of Shame: The Fed
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Mortgage Crisis Shows that Government Regulation Doesn't Work
Prison Planet.com
How can one reconcile the fact that the money supply is controlled by a monopolistic central authority–the Federal Reserve System–with any sort of free ...
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CIT Group Files For Bankruptcy Following $2.3 Billion Bailout
TransWorldNews
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| Tuesday, November 3, 2009 |
CHART OF THE DAY: Housing Needs To Keep Falling
The Business Insider
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Is Debt-Deflation Economic Depression Just Beginning?
The Market Oracle
During the housing bubble, by the time the poor could get access to to money easily, it was far too late to buy. Given that inflation benefits those with ...
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"Strategic Defaults" a Mortgage Broker Comments on Fear and Shame Tactics
HoweStreet.com
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Subcommittee Guts Ron Paul's Bill to Audit the Fed
The New American
The Federal Reserve Transparency Act (HR 1207), Congressman Ron Paul's landmark bill to audit the Federal Reserve, has been gutted in a House subcommittee ...
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Foreclosure fire victim died of gunshot wound, police say
AZ Central.com
... lost his home to foreclosure and had been out of work for two years. "We still can't say whether this was a suicide," said Mesa Police Sgt. Ed Wessing. ...
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What Will The FDIC Do For Funds In 2011?
Nolan Chart LLC
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Plan would end taxpayer bailouts for financial firms deemed 'too big to fail'
Los Angeles Times
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US citizens are joining immigrants in store parking lots
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Goldman seizing homes bought with subprime loans
Houston Chronicle
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| Sunday, November 1, 2009 |
Housing Data Shows Price Downtrend For New Home Prices
NuWire Investor
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How Goldman Sachs secretly bet on the US housing crash
eTaiwan News
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Property tax bills often taxing on the mind
Chicago Tribune
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Actually, Case-Shiller Shows That The Housing Crash Has Already Resumed
The Business Insider
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| Guess What: The Next Housing Bubble Is Already Underway Businessinsider.com |
What happens if you don't pay the mortgage?
San Luis Obispo Tribune
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Bottom Lines: Unemployment driving up foreclosures
Press of Atlantic City
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US Housing Market Rebound? Not so fast!
The Market Oracle
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Stocks Soar on Good News: Foreclosure-Related Suicide Hits All Time High! (Satire)
Glossy News (satire)
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| Wednesday, October 28, 2009 |
| Fools Buy Into The False Housing Bottom The stabilization in U.S. home prices won’t last, according to economists at Goldman Sachs Group Inc. in New York. Their counterparts at BofA Merrill Lynch Global Research see a “treat” rather than a retreat. Goldman Sees 'False Bottom,' Merrill Sees 'Treat'
Bloomberg
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Las Vages Home Values Sink 37% Year Over Year
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Home Price Improvements May Be Short-Lived
United Press International
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Housing bottom? Analysts wary
Sarasota Herald-Tribune
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California Median Home Price Sinks $23K from Year Ago!
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Home Prices Return to 2003 Levels
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Housing Recovery: A New Bubble Ready to Pop?
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The Amazing Round Trip Of House Prices Back Toward Pre-Bubble Levels
The Business Insider
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Obama's Refinancing Program Fails to Reach Troubled Homeowners
United Press International
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Roadblocks to our Audit the Fed Bill.
Gather.com
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