Content: housing bubble
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London real estate is on a tear again with prices back near their 2007 peak. That's despite the fact that the UK was hard hit in the financial crisis and has grown its national debt by 1/5 over the...
Up to 26% of U.S. homeowners who stop paying their mortgage may be doing so intentionally, not because they can't make the payments but because they don't want to put money into a house that's...
Insightful article by two economists who compare the bursting of this housing bubble with the dot-com collapse and the Great Depression
A creatively written fairy tale of the mortgage mess
Interesting Blog post which pulls together articles detailing how "housing experts" missed the crash. I remember in 2005 how the National Association of Realtors lead economist David Lereah was...
Article | May 6, 2008 | Views: 481 | Comments: 1
Tags: housing bubble
A Blogger calling himself Captain Capitalism has put together a short cartoon that explains the mortgage mess. From what I can tell he's an economics professor at a university in Minnesota.
From NY Times article:
"Not since the Depression has a larger share of Americans owed more on their homes than they are worth. With the collapse of the housing boom, nearly 8.8 million...
BusinessWeek has a good article about the problems that HOme Equities are reaking and will continue to create for banks. Helocs are generally unsecured and when homeowners default, banks get...
Just a year ago if you didn't own a home you were out of the game. My what a difference a year makes. Now, if you own a home you're pretty much stuck. You have to find a buyer, a mortgage, etc.
Boston's Federal Reserve President Eric Rosengren said in a speech in Hartford that the current real estate downturn could be the longest one in the last 50 years, and risk pushing the country into...
The recent spike in home foreclosures in Massachusetts is caused primarily by falling housing prices, and not by rising mortgage payments, according to research released yesterday by the Federal...
The WSJ is reporting this morning that the Feds and several large mortgage lenders are close to an agreement that will freeze the introductory rate on certain types of subprime loans. I've long...
Century 21 CEO discusses the real estate market and of course he's not that gloomy. It's his job to keep the houses selling. He lists four factors that are key to homesales and points out that...