Housing Prices

On "Rock Bottom" Housing Prices

For all who claim that rampant inflation is up next, and home price deflation is over, I present the following charts for readers to ruminate on just how much higher existing home sales inventories are relative to some semblance of a trendline, in addition to a long-term chart comparing CPI with the median home price.

On "Rock Bottom" Housing Prices

For all who claim that rampant inflation is up next, and home price deflation is over, I present the following charts for readers to ruminate on just how much higher existing home sales inventories are relative to some semblance of a trendline, in addition to a long-term chart comparing CPI with the median home price.

Was Obama A Subprime Borrower?

A humorous if somewhat serious post by scrivener.net, which analyzes whether the current President would have benefited from the ongoing mortgage relief plan, assorted bankruptcy initiatives and other programs set in place to make life for subprime borrowers easier, especially if a butterfly had flapped its wings in China between 5 and 10 years ago. The answer is...

Nine And Half Weeks... Later

It is never a wholesome day at Zero Hedge absent some brilliant prose from David Rosenberg. So let's make it a wholesome day.

Market likely to peak the end of the week

The Rating Agency Scapegoating Catch 22

It is no secret that the administration, and especially Barney Frank, has made public enemy number one out of the rating agencies (and particularly Moody's), mostly in line with populist rhetoric and scapegoating. Of course, when the rating agencies satisfied a role that helped housing prices go higher, keep people happier and officials like Barney Frank in office longer, all was good. When things turn sour, the Franks of the world know to keep the attention away from Washington.

The Rating Agency Scapegoating Catch 22

It is no secret that the administration, and especially Barney Frank, has made public enemy number one out of the rating agencies (and particularly Moody's), mostly in line with populist rhetoric and scapegoating. Of course, when the rating agencies satisfied a role that helped housing prices go higher, keep people happier and officials like Barney Frank in office longer, all was good. When things turn sour, the Franks of the world know to keep the attention away from Washington.

The Rating Agency Scapegoating Catch 22

It is no secret that the administration, and especially Barney Frank, has made public enemy number one out of the rating agencies (and particularly Moody's), mostly in line with populist rhetoric and scapegoating. Of course, when the rating agencies satisfied a role that helped housing prices go higher, keep people happier and officials like Barney Frank in office longer, all was good. When things turn sour, the Franks of the world know to keep the attention away from Washington.

Housing numbers are starting to come in line

Housing numbers were just released and the message seems to be that the market is finally starting to reflect reality (at least with regards to housing starts). As you can see below, the "Authorized but not started" numbers are finally coming down - this reflects the gap between the market's leading demand expectations vs. actual demand and it is a good sign that the number has been decreasing especially in the 5 units or more category. 

Housing numbers are starting to come in line

Housing numbers were just released and the message seems to be that the market is finally starting to reflect reality (at least with regards to housing starts). As you can see below, the "Authorized but not started" numbers are finally coming down - this reflects the gap between the market's leading demand expectations vs. actual demand and it is a good sign that the number has been decreasing especially in the 5 units or more category.