Comments on: New Year U.S. Housing Market Forecast: No Gain, More Pain

By: Will the Loss of Consumer Credit Serve as the Next Economic Aftershock to Further Fuel the Financial Crisis?

Mon, 13 Apr 2009 20:17:41 +0000

[...] consumer for so long, including mortgages and credit cards. Mortgages have already hit a wall with the collapse of the U.S. housing market and wave of subprime defaults. But credit cards could be next as companies raise interest rates, [...]

By: Housing Market Still Facing an Uphill Climb, Despite a Mixed First Quarter

Housing Market Still Facing an Uphill Climb, Despite a Mixed First Quarter — Thu, 09 Apr 2009 14:15:36 +0000

[...] Money Morning: Lots of Pain No Gain for U.S. Housing Market [...]

By: Gold is Experiencing Record Demand: So Why Have Prices Fallen?

Gold is Experiencing Record Demand: So Why Have Prices Fallen? — Mon, 09 Feb 2009 21:26:26 +0000

[...] installments, and have provided outlooks for the stock market, the overall economy, and even the housing market. Many more stories are to come. Next up: Look for our outlook for Latin America and for the U.S. [...]

By: As Housing Starts Fall… Lenders Putting “Final Screws” Into Homebuilders |

As Housing Starts Fall… Lenders Putting “Final Screws” Into Homebuilders | — Sat, 24 Jan 2009 16:04:49 +0000

[...] Money Morning said in its 2009 Housing Forecast, skyrocketing unemployment acts like a 1000-pound ball and chain around the neck of the real estate [...]

By: Homebuilders Give Up as New Housing Starts Hit 50 Year Low

Homebuilders Give Up as New Housing Starts Hit 50 Year Low — Thu, 22 Jan 2009 22:12:56 +0000

[...] Money Morningsaid in its 2009 Housing Forecast, skyrocketing unemployment acts like a 1000-pound ball and chain around the neck of the real estate [...]

By: The Five Keys to Value Investing Profits

The Five Keys to Value Investing Profits — Tue, 16 Dec 2008 17:11:06 +0000

[...] economic forecasting news series, “Outlook 2009” series. The latest installment, our forecast for the U.S. housing market, appears elsewhere in this issue of Money [...]

By: RonnieX

RonnieX — Mon, 24 Nov 2008 06:02:25 +0000

Whenever optimism is rampant, beware of impending investment downturns.

Whenever pessimism is rampant, be on the alert for investment upturns.

Pessimism is rampant. Media expressions such as investing these days is like having a mouth full of spiders. Or here is another gem ….. Dr. Frankenstein has departed the building and left behind a house full of crazed monsters running amuck.

By: Mr Fernando Velez

Mr Fernando Velez — Sun, 23 Nov 2008 16:04:07 +0000

This loan renuevals is used as a inceasing the banks mortgages income and not a form of resolve the monthly payment, to loan owners. As of sort fo this the problem will increase and not resolve anything. We need this to be work independly and ofering first the loan holder the opportunity of re-finance or else pass out to an financial istitution that really want to work with this program.

By: Annie Brunson

Annie Brunson — Sat, 22 Nov 2008 23:27:43 +0000

It’s getting to be more and more difficult to find good news on TV. Reporters seem to be reveling in stirring up as much “doom and gloom” news as they can – after all it’s been proven that bad news sells better than good. Our addiction to news tickers and 24 hour coverage was solidified during horrific news events of the last decade. But there IS positive news to be found if you dig hard enough.

28 Metropolitan areas showed increases in median existing single-family home prices from the same quarter in 2007. Areas such as Elmira NY, Tulsa OK, Wichita KS and Urbana IL. Yes, I know that many areas are still showing declines, but let’s at least acknowledge the gains!

But even in areas where average home sales have dropped drastically, there is good news. Buyers who have been shut out of the home ownership market, are now finding that they can afford to buy. And they ARE buying. Three states where the ‘housing bubble’ has burst are seeing some of the highest increases in sales. The largest sales gain during the third quarter was in Arizona, up 28.3 percent from the second quarter, followed by California which rose 28.1 percent and Nevada, up 26.2 percent. These areas have seen some of the strongest sales gains with some reports of multiple bidding.

And there’s also good news for sellers. The typical seller purchased their home six years ago and is still experiencing net equity gains, even in today’s depressed markets. The national increase in value since the third quarter of 2002 is 18.3 percent, which is a median gain of $31,000. Even with the current downward price distortion, 90 percent of metro areas are showing six-year price gains.

So while we are definitely in turbulent economic times, there is GOOD NEWS to be found if you look for it. Hopefully, some home buying incentives will be passed soon to stimulate even more home ownership. Lawrence Yun, the chief economist at the National Association of Realtors, said that, “A pattern of sharply higher sales in areas with large price declines is well established,” Yun said. “Affordability conditions have consistently been a major factor in driving sales. Historically during recessions, buyers have responded to incentives and it’s important for government to keep that in the forefront of stimulus decisions.”

By: Thursday morning links | Commodity

Thursday morning links | Commodity — Fri, 21 Nov 2008 03:20:59 +0000

[...] spurs auction of construction equipment – LA TimesNo job, bad mortgage – out of luck – CNN/MoneyNew Year U.S. Housing Market Forecast: No Gain, More Pain – Money [...]