|
|
-
+9 ·
US economy stalls as slump in housing market takes effect
Filed Oct 28, 2006 at 2:31 AM ·
THE US economy suffered an abrupt slowdown over the past three months, with growth dropping to its weakest in more than three years as it succumbed to the toll from a slumping housing market.
Much worse than expected figures showed that US GDP grew at a modest annualised pace of just 1.6 per cent in the third quarter (Q3). That was sharply down from 2.6 per cent in the previous three months and the scorching 5.6 per cent pace set in the first quarter.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+8 ·
Economic wild parties … prolonged economic hangovers
Filed Oct 27, 2006 at 1:56 PM ·
First they gave away free up grades, new cars, and even vacations to get buyers to sign contracts for new homes. Then they offered to make your first, second and even up to six monthly mortgage payments.
And now, home builders have finally slashed prices in an effort to step up sales. And it seems to be working.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+5 ·
AUDIO CLIP: Will the Slowing Housing Market Hurt the Economy?
Filed Oct 22, 2006 at 10:51 PM ·
The housing market is showing further signs of weakness. That has everyone asking if the weakness will end up hurting the overall economy.
Steve Inskeep talks to David Wessel, deputy Washington bureau chief of The Wall Street Journal, about the real estate market's impact on America's economic health. [Visit the link and click 'listen' to hear the story]
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+14 ·
Housing market becoming more exclusive
Filed Oct 12, 2006 at 4:00 PM ·
In the survey, 36% said that they did not or had never owned a home. Of these, 49% cannot afford to buy a property. One in five of the people that had never owned a home believe that home ownership is out of reach to them.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+17 ·
The US housing bubble: which dominoes will fall next?
Filed Oct 11, 2006 at 4:39 PM ·
he idea that lenders are doing things they may not have done in "normal conditions" may have some merit for some lenders, but when 40% of the loans sold in California before the bust were either stated income loans or pay-option ARMs, I think the idea is more fiction than fact. Anything and everything was done to keep the bubble booming, and that was, as I said, happening well before the bust.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+2 ·
UK Economists have a blind spot for finance
Filed Oct 10, 2006 at 2:22 PM ·
To the irritation of some I warned in August of the grave threat to British homeowners and to the global economy posed by the upheaval looming in the housing markets of Florida and California. Two months on, the slump in US housing sales is obvious to all but the most blinkered. And still many don't get it. The FTSE, the Dow Jones and the Nasdaq are still rising to delirious heights. Traders seem confident that the housing slump is just grit in the pistons of the engine driving globalisation forward.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+9 ·
What Bernanke really thinks about the US housing market
Filed Oct 09, 2006 at 6:44 AM ·
Dr Bernanke had been expected to pull out all the stops in an eagerly awaited speech to the Economics Club in Washington DC. The leitmotif was intended to be personal savings…or the lack thereof and thus, by extension a clear line on the Fed’s thinking regarding the collapse in the residential property market.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+9 ·
US housing market in danger zone
Filed Oct 04, 2006 at 1:09 PM ·
Annual capital growth fell from 12.9% in June to 9% in September across the country, but it is possible that prices will drop on an annualised basis for the first time in decades, through 0% into negative growth. House price sales have collapsed and the market is flooded with homes. It is not currently clear to what extent this will drag down house prices, but this is expected to become apparent over the next three months.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+17 ·
Daily Reckoning - The Bubble Farce
Filed Oct 03, 2006 at 3:03 PM ·
That public spectacles begin as a fraud, progress into farce and end in disaster is one of our daily dictums here. We have spent so much time and so many pages describing the lies behind the housing bubble that our readers must be tired of hearing about it. So, now we move on – to the farce.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+7 ·
MoneyExpert - Housing market regains strength
Filed Oct 01, 2006 at 12:34 AM ·
The housing market showed no sign of cooling off in September after the August interest rate hike, with Nationwide reporting "unseasonably strong" growth.
September's monthly price index rose 1.3 per cent in September, bringing the average price for 2006 up 8.2 per cent.
The latest price jump is the highest since February 2005 in the early months of the housing boom.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+13 ·
Daily Reckoning - The new housing bubble
Filed Sep 28, 2006 at 3:39 PM ·
What is the difference between those housing bubbles of the 1970s and the late 1980s and the US housing bubble of today?
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+10 ·
What to invest in during housing bubble
Filed Sep 28, 2006 at 3:39 PM ·
As the eminently quotable Mark Twain observed, denial ain't just a river in Egypt. A sadly ridiculous example of denial has arisen in a recent study from the US Federal Reserve.
And it proves that the mass panic about the US housing bubble has everything to do with the price of gold and raw materials.
John Fisher and Saad Quayyum, economists at the Chicago Fed, essentially wish to absolve their institution of all responsibility for the US housing bubble, which now looks sick. To do this, they have declared that clouds are cotton candy and the moon is made of green cheese.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+3 ·
Dow Jones surges as fears over housing market recede
Filed Sep 28, 2006 at 12:48 AM ·
last night poised to break through to a new record high as Wall Street investors took heart from modest signs of recovery in Americas fragile housing market.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+19 ·
Crash Landing Imminent!
Filed Sep 26, 2006 at 6:18 AM ·
“Will there be a hard landing? No! Will there be a crash landing? Absolutely!
“Despite September’s short covering of homebuilders and value buyers trying to cash in on low P/Es and stocks selling at or below book value, a hard landing is now out of the question. We’re in for a market crash. Read between the lines, or read actual comments for content.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
-
+5 ·
Serious correction under way in US housing market
Filed Sep 25, 2006 at 9:57 PM ·
All signs pointed downwards for the US housing market yesterday after new figures showing that prices for existing homes declined in August for the first time in 11 years, while sales dropped to the lowest level in two and a half years.
Permalink · Send to Friend · Comment
·
reddit
·
Digg it
·
del.icio.us
|
|
