Housing Arm-ageddon: Game Over

Economist: $2 trillion lending crunch may be ahead - Nov. 16, 2007

2007-11-18T21:57:00.000-08:00

Economist: $2 trillion lending crunch may be ahead - Nov. 16, 2007

"if lenders end up suffering just half of the $400 billion in potential credit losses, they could be forced to reduce the amount they loan by $2 trillion. Such a drastic credit crunch could have dire consequences for the economy..."

Greenspan: home prices will continue to fall - Oct. 29, 2007

2007-10-29T18:03:00.000-07:00

Greenspan: home prices will continue to fall - Oct. 29, 2007

"We're nowhere near" the point where inventories of new homes are set to drop.

New sign of housing weakness: Vacant homes on market up - Oct. 26, 2007

2007-10-26T11:01:00.000-07:00

New sign of housing weakness: Vacant homes on market up - Oct. 26, 2007

"It's very hard to see how this doesn't get worse," Baker said. "It's certainly possible we could see 3 million, maybe 4 million (vacant homes on the market.)"

Existing home sales fall more than expected - Oct. 24, 2007

2007-10-24T07:35:00.000-07:00

Home sales sink 8%. Pace of existing sales shows bigger-than-expected drop; decline is biggest in current measure of market.

5 conditions to end the credit crunch - Oct. 17, 2007

2007-10-17T10:14:00.000-07:00

Think the credit crunch is over? Think again

Despite what Wall Street boosters would have us believe, the credit crunch is far from over. Fortune's Peter Eavis outlines the five steps that need to happen before we can say the end has come.

September housing starts fall to lowest level in 14 years - MarketWatch

2007-10-17T07:38:00.000-07:00

September housing starts fall to lowest level in 14 years - MarketWatch

Housing slump will last at least another year: mortgage bankers - MarketWatch

2007-10-17T07:37:00.000-07:00

Housing slump will last at least another year: mortgage bankers - MarketWatch

Foreclosures Doubled in September as Loan Rates Rise...

2007-10-11T11:52:00.000-07:00

Bloomberg.com: Worldwide

There's a 10-month supply of unsold homes, the highest in at least eight years. As many as half of the 450,000 subprime borrowers whose mortgages will re-set through November may lose their homes because they can't afford the higher payments, according to a report by Credit Suisse Group.
``The truth of the matter is that borrowers are going into default as soon as they hit their adjustments...''

For home-builders, the worst is to come - MSN Money

2007-10-04T12:45:00.000-07:00

For home-builders, the worst is to come - MSN Money

The stats vary by region, but the national inventory of homes is at an all-time high, with an eight-month supply. One in 7 1/2 houses is actually vacant. Prices are tumbling. And there is little relief on the horizon, even from the Federal Reserve.

RealtyTrac Los Angeles County Foreclosures

2007-10-03T09:36:00.000-07:00

RealtyTrac Los Angeles County Foreclosures

The nation’s #1 source of foreclosure listings. Over 1 million properties – updated daily – including pre-foreclosure, bank foreclosures, for sale by owner (FSBO), foreclosed homes via auction, new homes and MLS listings.

Pending home sales fall sharply | Reuters

2007-10-02T10:14:00.000-07:00

Pending home sales fall sharply Reuters

"The July number was revised up a bit, to a decline of 10.7 percent, but this is still absolutely awful, confirming that the existing homes market is now in freefall"

Financial Armageddon: It's Ugly Down There

2007-10-01T05:00:00.000-07:00

Financial Armageddon: It's Ugly Down There

” . . .we're in deep doodoo." --Robert Toll, CEO of Toll Brothers

Housing Crash Continues, Bubble Pops

2007-09-30T07:23:00.000-07:00

Housing Crash Continues, Bubble Pops

Here is Patrick's website. He was one of the first to predict the housing crash! He gives great arguments (which he has been repeating again and again for the past couple of years) and his site has daily links to related news...

Real Estate Roller Coaster

2007-09-30T05:35:00.000-07:00

Real Estate Roller Coaster

US Home prices adjusted for inflation plotted as a roller coaster.

Housing Armageddon

2007-09-29T16:31:00.000-07:00

Housing Armageddon

A San Francisco couple's biased and offensive views on the housing market from a rented 1-bd apartment. They haven't posted since December of 2006, but before then they were some of the smart people who were calling for this to happen all along. The writing was definitely on the wall...

Are we headed for an epic bear market? - MSN Money

2007-09-29T09:11:00.000-07:00

Are we headed for an epic bear market? - MSN Money

The credit bubble is just starting to unwind, a credit-derivative insider says... "Das, who knows as much about global money flows as anyone in the world, stopped chuckling long enough to suggest that we're actually still in the middle of the national anthem before a game destined to go into extra innings. And it won't end well for the global economy."