http://inflationwatch.wordpress.com/2009/11/26/barry-ritholtz-home-prices-not-even-close-to-the-bottom/
There are some contrarian arguments for and against on this blog post.
Has Housing Bottomed?
November 26th, 2009Interest Rates Will Need To Go Up
September 30th, 2009http://finance.yahoo.com/news/Officials-Fed-will-need-to-apf-1511169380.html?x=0
The economy will need to deal with rising interest rates as it turns around.
Will the eight thousand dollar credit be extended?
September 16th, 2009http://www.nytimes.com/2009/09/16/business/16home.html?_r=1&adxnnl=1&adxnnlx=1253074871-n4I6+if6rbvxjVjIbRpwdw
Will the market continue to improve now if the credit is not extended? Will it be extended?
Stay tuned.
Credit Is Decreasing.
September 15th, 2009http://www.telegraph.co.uk/finance/financetopics/recession/6190818/US-credit-shrinks-at-Great-Depression-rate-prompting-fears-of-double-dip-recession.html
The amount of credit available for lending is decreasing, according to this article from the UK Telegraph. But wasn’t TARP supposed to free up credit? Aren’t banks paying back those funds?
Seller financing is going to need to increase as the amount of credit available decreases.
Shadow Inventory
September 6th, 2009http://www.irvinehousingblog.com/blog/comments/arden-northwood-irvine/
This deals with the “shadow inventory” in Orange Co. This man’s analysis. It projects the default rate to go up to 14 percent by the end of the year and up to 16 percent in the second quarter of next year.
Orange Co., CA is very different from most other markets in the US. But the ongoing relationship between real estate and the larger economy seems to be the larger narrative. California may be the most devastated state when the smoke clears from this disaster of all 50.
Connecticut as Snapshot
September 3rd, 2009http://www.connpost.com/ci_13262085
Cut and paste the above link into your browser. It deals with the fall in sales that is ongoing in Connecticut. As part of the tri-state area (NJ, NY, CT) it is not the bellweather of the real estate market but it is not Guam either.
California has lost 107 billion in value.
August 29th, 2009This article from MSN discusses how much property taxes have been taken off the rolls by lowered assessments.
http://realestate.msn.com/blogs/listedblogpost.aspx?post=1239282&_blg=1,1239368
More from Dr. Doom
August 24th, 2009http://www.ft.com/cms/s/0/90227fdc-900d-11de-bc59-00144feabdc0.html
This is an article by Nouriel Roubini who is nicknamed “Dr. Doom.” He was nearly a lone voice crying in advance of the current recession and many economists scoffed at his worst case scenario predictions. Of course he was proven correct. So it is arguable that he is worth listening to now. And he is predicting the strong possibility of a “W”shaped recovery which means it would fall back into recession quickly due to anemic growth. Which would kind of suck.
Prices Have Gone up Four Continuous Months in Northern California
August 23rd, 2009The link below will take you to an article about hosing in the Bay Area. Prices have gone up the last four months. But another wave of foreclosures are due to hit the market in the near future, as there has been a moratorium on foreclosures that is ending.
Will the tax credit for eight thousand dollars be extended? Will the job market improve? Stay tuned.
http://www.sfgate.com/cgi-bin/blogs/ontheblock/detail?entry_id=45994
WSJ Article About Market: Happy Days Not Here Again, Yet.
August 16th, 2009The housing market is still in trouble. The bottom may be reached in near future, though no guarantee. But a rise in values is possibly years off. Sigh.
http://online.wsj.com/article/SB125038307081334617.html