Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $73,136
83%  
Woo hoo!! And now less than $14.9k to go!! Let's git 'er done. Thank you all very much!! God bless.

Keyword: housingbubble

Brevity: Headers | « Text »
  • U.S. Home Flipping Rate Plateaus in Q2 2017 Flipping Returns Decline for 3rd Consecutive Quarter

    09/14/2017 6:49:17 PM PDT · by SeekAndFind · 7 replies
    Rate Up in 53 Percent of Local Markets Led by Metros in Louisiana, New York, Alabama;Dollar Volume of Flipper Financing Rises to Nearly 10-Year High of $4.4 BillionIRVINE, Calif. – Sept. 14, 2017 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q2 2017 U.S. Home Flipping Report, which shows that 53,638 single family homes and condos were flipped nationwide in the second quarter of 2017, a home flipping rate of 5.6 percent of all home sales during the quarter. The home flipping rate of 5.6 percent in Q2 2017 was down from 6.9...
  • Record Apartment Building-Boom Meets Reality

    07/23/2017 9:31:01 PM PDT · by Lorianne · 15 replies
    Wolf Street ^ | 21 July 2017 | Wolf Richter
    No, the crane counters were not wrong. In 2017, the ongoing apartment building-boom in the US will set a new record: 346,000 new rental apartments in buildings with 50+ units are expected to hit the market. How superlative is this? Deliveries in 2017 will be 21% above the prior record set in 2016, based on data going back to 1997, by Yardi Matrix, via Rent Caf. And even 2015 had set a record. Between 1997 and 2006, so pre-Financial-Crisis, annual completions averaged 212,740 units; 2017 will be 63% higher! These numbers do not include condos, though many condos are purchased...
  • Why Trump's Immigration Crackdown Could Sink U.S. Home Prices

    02/22/2017 11:06:53 AM PST · by artichokegrower · 136 replies
    San Francisco Chronicle ^ | Febuary 22, 2017 | Prashant Gopal
    In San Francisco, an Indian software engineer on a work permit canceled plans to bid on a $900,000 home. In Washington, a Brazilian nonprofit executive passed on a fixer-upper near her office. And, in Mesa, Arizona, a 24-year-old son of undocumented Mexican immigrants won the trust of a bank -- a green light for a mortgage -- but now fears deportation.
  • German real estate market overheated, says central bank

    02/20/2017 9:51:19 PM PST · by Olog-hai · 3 replies
    Deutsche Welle ^ | 02.20.2017 | aw/msh (Reuters, dpa, AFP)
    German residential real estate is overvalued by up to 30 percent, the central bank warned as part of its monthly report for February, released on Monday. The Bundesbank said the German economy should retain a strong footing in the coming months thanks to high industrial and construction activity, but warned this could not fully account for a recent surge in residential property prices. [] Home prices in German cities rose by 8 percent in 2016 after rising by an annual average of 6.75 percent in the previous six years, according to Bundesbank calculations based on data from consultancy firm Bulwiengesa....
  • The [UK] government has gambled hundreds of millions on house price rises

    08/09/2016 5:37:28 PM PDT · by Lorianne · 9 replies
    This Is Money ^ | 08 August 2016 | Rachel Rickard Straus
    Taxpayers stand to lose hundreds of millions of pounds if house prices fall, thanks to a gamble the government has been making with our cash for the past three years. Some 3.59billion has been lent to first-time buyers through the Help to Buy loan scheme to help them purchase newly-built properties they may not otherwise have been able to afford, according to the latest government statistics. The scheme was launched by the former Chancellor George Osborne in 2013, in response to a stagnating housing market. It effectively lets borrowers with small deposits top them up with a government loan, worth...
  • Swiss real estate 'bubble risk' continues to rise

    02/07/2016 7:30:09 AM PST · by Olog-hai · 2 replies
    TheLocal.ch ^ | 04 Feb 2016 20:02 GMT+01:00
    The risk of a real estate bubble occurring in several regions of Switzerland reached its highest level at the end of 2015 since the late 1980s, according to a report from UBS. The bank on Thursday said its Swiss Real Estate Bubble Index reached 1.41 points in the fourth quarter of last year, up from 1.34 in the third quarter and the highest rate in around 15 years. The Lake Geneva and Greater Zurich areas remain the most exposed regions in the country with the highest risk potential for a residential real estate bubble. Other exposed cities include Zug, Lucerne,...
  • Why Owning a House is Financial Suicide

    11/12/2015 11:23:52 PM PST · by Up Yours Marxists · 100 replies
    News.Com (Australia) ^ | November 13, 2015 08:32 GMT | James Altucher
    OWNING your own house is as much the Australian dream as the American dream, and it's one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise...
  • This Housing Bubble Will End Badly, Too [And you thought 2008 was horrible]

    08/04/2015 7:15:45 AM PDT · by SeekAndFind · 20 replies
    National Review ^ | 08/04/2015 | Kevin D. Williamson
    People complain about high prices when theyre buying, not when theyre selling, and thats why housing bubbles are always politically popular: The sort of people who own homes are the sort of people who vote and volunteer on political campaigns and make donations. And the fact that tax revenue tends to increase as housing prices rise doesnt go unnoticed by the nations mayors and governors. Renters tend to have more sensible views youll never hear a renter say, Hey, my rent is doubling this year thats awesome! The economy must be doing great! But nobody listens to them....
  • In sign of times, hardest-hit Nevada may end foreclosure aid

    05/17/2015 9:26:06 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 17, 2015 8:02 PM EDT | Michelle Rindels
    At its height, Nevada was ground zero for the Great Recession. Unemployment topped 14 percent, the highest in the nation. The state led in per-capita bankruptcy filings. And one in every 10 homes faced foreclosure. But while Nevadas jobless and foreclosure rates still rank high relative to other states, the raw numbers have plummeted. Lawmakers who agonized about public employee layoffs and an overburdened unemployment insurance fund a few years ago are now fretting about a shortage of teachers and want to implement new taxes worth hundreds of millions of dollars. And in another sign of the times, they want...
  • The NEXT housing bubble is on the way and, like before, it is governments fault

    01/26/2015 7:05:04 AM PST · by SleeperCatcher · 19 replies
    Absolute Rights ^ | 01/26/2015 | Jon E. Dougherty
    A former member of a panel created to examine the causes of the financial crisis of 2007 says government policies that were really at the core of the crash are being quietly resurrected by the Obama administration, and that they are creating another housing bubble similar to the one that burst more than eight years ago. Appearing Friday on The Mark Levin Show, Peter Wallison, author of the new book Hidden in Plain Sight, and the Arthur F. Burns Fellow in Financial Policy Studies at the American Enterprise Institute, said that the federal government was the central player in the...
  • Whistleblower: Pelosi Covered Up Role In Crisis (Housing Bubble)

    01/22/2015 6:15:16 PM PST · by Para-Ord.45 · 17 replies
    http://news.investors.com ^ | January 22 2015 | BD EDITORIALS
    Subprime Scandal: We've long suspected the Financial Crisis Inquiry Commission wasn't honest in examining events before the meltdown. But an ex-commissioner says the probe was actually a full-blown political cover-up. In a just-released book, former FCIC member Peter Wallison says that a Democratic Congress worked with the commission's Democratic chairman to whitewash the government's central role in the mortgage debacle. The conspiracy helped protect some of the Democrats' biggest stars from scrutiny and accountability while helping justify the biggest government takeover of the financial sector since the New Deal. Wallison's sobering, trenchantly written "Hidden in Plain Sight: What Really Caused...
  • Government Created the Housing Bubble and Financial Crisis -- and Could Be Doing so Again

    01/20/2015 4:31:00 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | January 20, 2015 | Michael Barone
    What caused the financial crisis? How can we prevent another one from happening again? The answers you most often hear to those questions are (1) greed and deregulation and (2) the Dodd-Frank law. But they're patently inadequate. Greed -- or the desire for monetary gain -- has always been with us and always will be. And no one has convincingly linked financial deregulation to the crisis. Dodd-Frank, enacted to increase regulation, confers too-big-to-fail status on very large financial institutions, which incentivizes unduly risky behavior and penalizes smaller competitors. The real problem was housing finance, argues my American Enterprise Institute colleague...
  • More international homebuyers shopping in Austin (TX)

    11/02/2014 8:45:23 AM PST · by bgill · 16 replies
    kxan ^ | Nov. 1, 2014 | kxan
    A study from the Texas Association of Realtors shows international buyers pumped more than $11 billion dollars into the Texas economy between March of 2013 and 2014. One Austin Realtor says people from outside of the U.S. are looking for a secure investment. An international client can come into the Austin market, get a great value for what theyre buying and almost be insured that theres profitability in that and thats unique to the world as a whole, said J Kuper, owner of Kuper Sothebys International Realty.
  • Housing bias dispute could return to Supreme Court

    09/06/2014 6:49:50 AM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Sep 6, 2014 8:48 AM EDT | Sam Hananel
    Its not easy to prevent the Supreme Court from deciding an issue once the justices have agreed to hear a case. But over the past two years, civil rights advocates have managed to do just that by coaxing settlements in a pair of high-profile housing discrimination cases weeks before the court was set to hear oral arguments. The advocates goal was to remove any chance that court conservatives might undermine a powerful legal doctrine the Obama administration and others have used increasingly to enforce the Fair Housing Act. [] In disparate impact cases, plaintiffs rely on statistics to show that...
  • America is so over homeownership: Why the shift to a renting economy might actually be a good thing

    08/31/2014 7:53:15 PM PDT · by SeekAndFind · 92 replies
    SALON ^ | 08/30/2014 | HENRY GRABAR
    Between 1970 and 1990, the population of Philadelphia shrank by a quarter, dropping from 1.95 to 1.59 million. Like many American cities, it seemed caught in a downward spiral. Since then like many American cities Philadelphia has stabilized. The population now appears to have bottomed out at the millennium, and has been regaining residents over the past decade. But as it rebounds, Philly is becoming a different kind of city. In the two most recent decades, which comprise the bounce of the citys population curve, owner-occupied housing dropped even more steeply than in the 70s and 80s. Between...
  • Bernankes humble brag: 2008 crisis worse than Great Depression

    08/27/2014 1:07:06 PM PDT · by RckyRaCoCo · 28 replies
    Yahoo Finance ^ | 08/27/2014 | Yahoo Finance
    The world finally knows how former Federal Reserve Chairman Ben Bernanke views the 2008 financial crisis. September and October of 2008 was the worst financial crisis in global history, including the Great Depression, said Bernanke in a document filed Aug. 22 with the U.S. Court of Federal Claims, reports The Wall Street Journal. Of the 13 most important financial institutions in the United States, 12 were at risk of failure within a period of a week or two.
  • Downside of low US mortgage rates? Less selling

    07/11/2014 8:04:33 AM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Jul 11, 2014 9:37 AM EDT | Christopher S. Rugaber
    Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Doing so would mean giving up an irresistible rate in exchange for a new mortgage carrying a rate up to a percentage point higher. Their monthly payments would be larger even for a house of the same price. Thats discouraging some people from selling, thereby limiting the supply of available homes and contributing to slower home sales.
  • The Riskiest Housing Markets In America [Do you live anywhere near these cities?]

    06/30/2014 12:35:57 PM PDT · by SeekAndFind · 29 replies
    Zero Hedge ^ | 06/30/2014 | Tyler Durden
    As homeownership rates tumble, perhaps it is not just the stagnation of income or piling up of 'other debts' disabling any organic buying frenzy; perhaps, as Bloomberg breaks down, it is the realization that real-estate is nothing less than another boom-bust roller-coaster ride. ??When so much wealth is tied up in one asset, the risk -- or stability -- of a local market can mean a lot to a homeowner and Bloomberg has quantified the 'riskiest' (and most stable) home markets in America... not Vegas, not Phoenix, and not LA...Full Breakdown hereAnd the stablest real estate markets?5. Raleigh, North...
  • Rent or Buy? The Math Is Changing

    05/27/2014 7:00:59 AM PDT · by SeekAndFind · 52 replies
    New York Times ^ | 05/27/2014 | Neil Irwin
    Billy Gasparino and Jenna Dillon-Gasparino were savvy enough to wait out the housing boom of a decade ago as renters. Not until 2010, well into the bust, did they buy a house in the Venice neighborhood of Los Angeles, less than a mile from the beach, for $810,000. Only four years later, the couple see new signs of excess in the housing market and have decided to go back to renting. They are close to a deal to sell their house for $1.35 million, a cool 67 percent gain. It just seems like the housing market came back so...
  • Clinton Library's Doc Dump Reveals CRA Fueled Subprime Bubble

    04/26/2014 5:21:06 PM PDT · by neverdem · 55 replies
    Investor's Business Daily ^ | April 25, 2014 | Masthead Editorial
    Subprime Scandal: Newly released memos from the Clinton presidential library reveal evidence the government had a big hand in the housing crisis. The worst actors were in the White House, not on Wall Street. During the 1990s, former Clinton aides bragged that more aggressive enforcement of the Community Reinvestment Act pressured banks to issue riskier mortgages, lending more proof the anti-redlining law fueled the crisis. A 2012 National Bureau of Economic Research study found "that adherence to that act led to riskier lending by banks," with "a clear pattern of increased defaults for loans made by these banks in quarters...