Tag Archives: case shiller index

The Double-Dip Housing Recession

I expect home prices have at least another 15% to decline before they bottom out. We’re heading into a double-dip housing recession, say many experts. Rising oil prices will reduce consumer spending power and decrease economic growth and job creation. … Continue reading

Posted in Foreclosure, mortgage | Tagged , , , , , | Comments Off on The Double-Dip Housing Recession

As Mortgage Rates Jump, Home Prices Will Inevitably Fall

The average rate on a 30-year mortgage rose to 4.83%. That is 70 base points in three weeks. As a consequence, mortgage applications, refinance applications, and home starts are way down. Home prices are cratering and more homeowners are going … Continue reading

Posted in Rates | Tagged , , , , , | Comments Off on As Mortgage Rates Jump, Home Prices Will Inevitably Fall

Home Prices Fall More Quickly In Big Cities

Home prices have been dropping more quickly than expected in San Diego and San Francisco, cities that saw a steady appreciation in home prices during the first half of 2010. Home prices have dropped in 18 of the 20 cities … Continue reading

Posted in Banks, Foreclosure, mortgage, Real Estate | Tagged , , , , , | Comments Off on Home Prices Fall More Quickly In Big Cities

Home Prices Fall

I don’t know why the government has spent so much money trying to prop up home prices. Why not let the market adjust? I don’t see why this country is better off with unaffordable housing? Remember all those “affordable housing” … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Home Prices Fall

American Home Prices Plunge

The New York Times reports: America’s home-buying season, when for-sale signs sprout like dandelions, is shaping up to be even worse than expected this year, with prices falling, sales slowing and few signs of a turnaround emerging. One showed that … Continue reading

Posted in Home Sales, Prices | Tagged , , , , , , , , , , , , , , , , , , | Comments Off on American Home Prices Plunge

US Housing Market Loses $536 Billion In February

Half a trillion wiped out in a month? It looks that way when you examine what happened in February in America’s housing market. Housing prices were down almost 3%. No bottom in sight? We’re looking at the top 20 housing … Continue reading

Posted in Economy | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on US Housing Market Loses $536 Billion In February