Posts Tagged ‘real’Are Housing Fundamentals Still Deteriorating?This post first appeared on Minyanville. There’s a good amount of buzz surrounding the Wall Street Journal’s piece on the staggering number of homeowners underwater on their mortgages. This, on the same day the Case-Shiller Home Price Index posted its fourth consecutive month-over-month increase. Mixed signals? Possibly. But in reality, these two seemingly disparate data [...] Keepin it Real Estate: The Stabilization FallacyBy ANDREW JEFFERY This post first appeared on Minyanville. Despite recent reports to the contrary, the impending stabilization of the housing market is a myth. While declines in certain markets are coming to an end, real estate, in general, is still in freefall. Last November, amidst a great deal of media fanfare, Fannie Mae (FNM) [...] Keepin’ It Real Estate: Jumbo Prime R.I.P.By ANDREW JEFFERY This post first appeared on Minyanville. Countrywide was to subprime lending what Thornburg Mortgage was to jumbo-prime. Now, both are out of business. Thornburg said it expects to file for Chapter 11 bankruptcy protection, ending a nearly 2-year struggle to fend off creditors and survive the credit crunch. The company, once the [...] Keepin’ It Real Estate: Rich Get Stuck in Subprime SlimeBy ANDREW JEFFERY This post first appeared on Minyanville. From expansive estates in the Hamptons to mansions on the Malibu cliffs, the rich are watching their vast real-estate wealth evaporate before their eyes. Perhaps no market epitomizes the ultimate surrender of high-end real estate than the island of Manhattan, where housing prices had held relatively stable [...] Keepin’ It Real Estate: Chinese Investors Smell Blood in CaliforniaBy ANDREW JEFFERY This post first appeared on Minyanville. Speculators have been flocking to California for centuries. Gold, computers, absurd dot.com start-ups, real estate - if it’s an asset, it’s probably boomed and busted in the Golden State. The bursting of the latest bubble — real estate — is still in progress, as foreclosures push up [...] Keeping It Real Estate: Don’t Ban Foreclosures!This post first appeared on Minyanville. Banning foreclosures is starting to gain momentum in Washington: This isn’t good. Barak Obama, the current frontrunner in the race for the White House, recently floated a plan for a 90-day moratorium on foreclosures by certain banks, along with other initiatives to revive the economy. While Obama’s heart may be [...] |