Posts tagged as:

housing bubble

Housing recovery is “in a precarious state,” says Robert Shiller

by Moe Bedard

A sharp drop in pending home sales for January is the latest in a string of reports calling into question the nascent rebound in housing.
The housing recovery is “in a precarious state,” says Robert Shiller, Yale professor, author and co-creator of the S&P Case-Shiller Index, taking a much more pessimistic view vs. his comments here [...]

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Fear Taking Over as Government Housing Aid Winds Down

by Moe Bedard

ELKHART, Ind. — Over the next six months, the federal government plans to wind down many of its emergency programs for housing. Then it will become clear if the market can function on its own.

People here are pretty sure the answer will be no.

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Fund managers predicting crash in real estate values for 2010

by Moe Bedard

Now Forester is preparing for another crash, forecasting a 10%-20% fall in house prices this year and arranging his portfolio accordingly.
“We think there’s big risk in 2010″ for investors, said Forester. “Our finger is on the trigger to get more defensive, but the timing on this is hard.”

Forester’s earlier prediction meant his investors didn’t lose [...]

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Housing Crisis Far From Over

by Moe Bedard

“The housing crash is not over,” Zandi said.
The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday.
Mark Zandi, chief economist at Moody’s Economy.com in West Chester, Pennsylvania, said in an interview with Reuters [...]

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American Dream of Homeownership on Life Support

by Moe Bedard

The billboards and roadside ads lining Stockton’s streets like campaign signs repeatedly proclaim: “Mortgage Modification Works!” and “Call for Loan Modifications!”  I counted five of them on one block alone, and together they created the impression that help had arrived.  Yet I knew they were scams, with anonymous local phone numbers and little other identification, [...]

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Housing Experts Predict 45% Fall in Home Values

by Moe Bedard

The bubble has popped and housing prices have plunged all over the country. Yet, some housing experts claim that there is still a lot of hot real estate air to be released from the past bubble and predict even more agony to come to suffering property owners.
The 10 major cities in the Standard & Poor’s/Case-Shiller home price index [...]

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