Housing bubble

LandSource Bankruptcy Hurts Investor CalPERS

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!LandSource Community Development has filed for Chapter 11 bankruptcy protection after some disastrous bets on certain markets. How disastrous you ask, check out the states that LandSource invested in:

California
Arizona
Florida
New Jersey
Nevada
Texas

Think about this, the company made the wild audacious bets [...]

10Jun2008 | Tom Royce | 0 comments | Continued

Option ARM Reset Schedule Moves Up As Homeowners Feel Distress

Business Week has published an interesting article on option ARMs. The general thesis is that they will be the next wave of homes that are entering foreclosure in the United States.
With subprime loans wreaking havoc across the United States and world financial markets, the housing market has been suffering. The unsold inventory and foreclosures are [...]

6Jun2008 | Tom Royce | 0 comments | Continued

Is That Bouncing Sound I Hear The Bottom Of The Real Estate Market?

According to Wellesley University professor and housing market guru Karl Case, that may very well be the situation we are seeing. The historical trends and demographics of new home starts and sales data are showing what has in the past 40 years show the bottom of the housing market.
Now, I profess to have all [...]

9May2008 | Tom Royce | 4 comments | Continued

Federal Meddling in Housing Market Spells Disaster

In one of the best written articles on the housing market problems and how the Federal Governments intervention could make it worst has now been written by J.D. Foster. If you have a few minutes please read it. It is one of the most succinct articles on how much damage the meddling of our government can do [...]

5May2008 | Tom Royce | 0 comments | Continued

Fannie Mae Chief Executive Predicts National Housing Recovery in 2010

The head of Fannie Mae is predicting a slow real estate market spanning through 2009 as indicators such as the Case Shiller report as showing even greater weakness in the market. Daniel Mudd predicts the slowdown lasting longer than many other prognosticators, but interesting enough recognizes that he is guessing as forecasting housing is not [...]

30Apr2008 | Tom Royce | 0 comments | Continued

Ron Paul on Congress and the Housing Bailout

Luke Mullins has an excellent interview with former Presidential Gadfly Candidate Ron Paul on the housing crisis and the role Congress may play in it. I would have said fixing it but we all know that is smoke and mirrors.
Paul is very libertarian and on economics we share many of the same principals, let [...]

16Apr2008 | Tom Royce | 3 comments | Continued

Housing Will Be Defining Issue in Presidential Election

Interesting tidbit I found reading an article on Republican candidate John McCain changing his position on the foreclosure problem in the country. Political pundits are surmising that as long as we do not have a major terrorist attack, housing will be the dominant issue in the upcoming presidential election.
That should be fairly interesting as it [...]

15Apr2008 | Tom Royce | 1 comment | Continued

Will European Housing Mirror The United States and Have a Downturn?

A Cyprus financial paper had this article today about how the United States and Europe’s housing prices have mirrored each other in the past. Europe tends to lag slightly in the reaction to housing news in the United States.
The article is very informative but I was unable to determine where it came from, so read at [...]

9Apr2008 | Tom Royce | 0 comments | Continued

Detroit’s Housing Sales Up As Investors Buy Bulk Deals

This is a phrase I never thought that I would read about housing, buying in bulk.
But with Detroit is a cataclysmic housing free-fall that is now how the banks are selling their foreclosed upon homes. Not one at a time but in bulk often at prices in the twenty thousand range. So when you read [...]

31Mar2008 | Tom Royce | 0 comments | Continued

HUD Secretary Alphonso Jackson Qutting Position

Alphonso Jackson, Secretary of Housing and Urban Development, is expected to resign his post as head of the Cabinet Department. The timing of this resignation is not a great indicator of how the White House and Congress are dealing with housing issues.
There have been reports that one of the stumbling blocks is the relationship [...]

31Mar2008 | Tom Royce | 0 comments | Continued