The latest news from America tells us that housing prices are still going down in 4 out of 5 cities. Homebuilders’ wives are hiding the shotguns and pouring out the whiskey…
November 20th, 2008 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "housing prices"
The Scam of Ever-Rising House Prices
In from the front yard comes the scam of ever-rising house prices. And it collides head on with the scam of the consumer finance coming from the henhouse roof…
September 19th, 2008 | Bill Bonner | 5 comments | Continued
Housing Prices Have Been Cut in Half in Merced, California
Poor Merced; The New York Times calls it a disaster. Housing prices have been cut in half. Three out of four of the houses listed for sale are foreclosures…
August 26th, 2008 | Bill Bonner | 2 comments | Continued
Housing Prices Follow GDP Growth and Inflation
Housing is the number one consumer item. Consumers buy as much housing as they can afford - but not more…
August 8th, 2008 | Bill Bonner | 0 comments | Continued
Housing Market Drops Housing Prices by 16%
In the United States, the fall in stocks has cost investors almost a trillion this year. Losses from housing are said to be about a third of that. But that is just the beginning.
June 18th, 2008 | Bill Bonner | 5 comments | Continued
300,000 Australian Households at Risk of Losing Their Homes
“House prices throughout Australia are predicted to rise by up to 40 per cent over the next five years,” reports the ABC, quoting a report from BIS Shrapnel. “Economic forecaster BIS Shrapnel says the housing affordability crisis will only get worse as demand for housing continues to outstrip supply. BIS Shrapnel property analyst Angie Zigomanis says the outlook for the housing market is dire.”
March 31st, 2008 | Dan Denning | 15 comments | Continued
Homebuilding Bulls are Hoping for a Quick Housing Market Recovery
“Homebuilding bulls are hoping for a quick housing market recovery, because they need one for the stocks to have a sustainable rally. This spring, as selling season kicks off, you’ll start hearing ‘affordability’ arguments from housing bulls in the media.
February 27th, 2008 | Bill Bonner | 1 comment | Continued
Housing Decline Will Put 10 Million Homeowners Upside Down, With More Mortgage Than House
Housing decline will put 10 million homeowners upside down, with more mortgage than house. It will lead to collapsing credit…defaults…and huge losses to lenders. It will also bring about a big cutback in consumer spending and unavoidably push the United States into a deep recession.
February 21st, 2008 | Bill Bonner | 0 comments | Continued