Housing Market News

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Wed Feb 9 2011

US Housing Continues Freefall & Is Nowhere Near Bottom (zerohedge.com)
House prices in US declined for fifth month in a row (centralvalleybusinesstimes.com)
More people choosing to rent, not buy (marketwatch.com)
With loan mods on decline, US foreclosures poised to spike (therealdeal.com)
Majority of houses in southern Nevada being purchased with cash (fox5vegas.com)
U.S. should step back from mortgage business, industry leaders say (washingtonpost.com)
Worst idea ever: creation of five to 10 more Fannies and Freddies (housingwire.com)
Hollywood house goes from $1 million to $377,000 (doctorhousingbubble.com)
Mortgage squatters now average over 500 rent-free days in delinquency (irvinehousingblog.com)
Loans More Than $1M Default More Often than Loans Less Than $1M (cbsnews.com)
Subprime high roller defaults on Newport mansion (mortgage.ocregister.com)
"Control frauds" use political contributions to shape their regulatory environment (timinglogic.blogspot.com)
Rich Get Richer When Governments Tout Austerity (bloomberg.com)
Despite financial woes, Caltrain CEO's $400,000 paycheck is California's highest (mercurynews.com)
Two Californias (nationalreview.com)
Will "safe" mortgages raise loan rates? (ourbroker.com)
Title loans' interest rates are out of control (latimes.com)
Should you put your savings in a Bank of China savings account? (curiouscapitalist.blogs.time.com)
Former luxury hotel home to thousands of squatters (articles.cnn.com)
The Nursing Home Survival Guide (patrick.net)

Tue Feb 8 2011

U.S. Mortgage Market Should Be Purely Private, Congressman Says (bloomberg.com)
How to Prevent the Next Housing Bubble: Keep Government Out (theatlantic.com)
Most Likely Outcome of Housing Policy Debate: Nothing (seekingalpha.com)
Blogs keep real estate media honest (lansner.ocregister.com)
Washington's Wise Men Turned America's Future Over to Wall Street (amazon.com)
Embarrassed Bernanke admits failure to see housing bubble (irvinehousingblog.com)
For Bernanke, no escaping politics now (reuters.com)
Not all of officials at Fed are blind (zerohedge.com)
Bond Market Flashes Inflation Alert (online.wsj.com)
The Next Housing-Style Crisis Will Be The Municipal Bond Bubble (businessinsider.com)
Negative Annualized Stock Market Returns for the Next 10 Years? (Mish)
Japan Could Be the Best of Both Worlds for Investors (dailyfinance.com)
Japanese Property Has Positive Cash Flow (patrick.net)
China tries to slow housing inflation (journalgazette.net)
Underground world hints at China's coming crisis (telegraph.co.uk)
A Shocking Satellite Tour Of The World's Biggest Slums (businessinsider.com)
The rise and fall of a foreclosure king (miamiherald.com)
Former WikiLeaks Colleagues Forming New Web Site, OpenLeaks (nytimes.com)
Keep the housing crash news alive in 2011! $19,688 raised so far, 19.688% of goal

Mon Feb 7 2011

Real Estate Lobby Is Ready To Kill Reform (businessweek.com)
U.S. housing reform at risk of stopping way short (blogs.reuters.com)
Housing finance changes likely to mean lower taxpayer subsidies for debt (washingtonpost.com)
Mortgage rule could improve housing prices, by lowering them (reuters.com)
GOP Targets Transportation, Housing For the Deepest Cuts (dc.streetsblog.org)
Rand Paul Wants To End Public Housing (patrick.net)
Outlook for house prices over the next decade (nytimes.com)
The Real Estate Industrial Complex (theautomaticearth.blogspot.com)
Preapproved: Well, It Sounded Good (nytimes.com)
Real estate executive pleads guilty to bid rigging (sfgate.com)
Canada housing prices to drop 25% (moneyville.ca)
Phoenix Property Scam Targets Australian and New Zealand Buyers (Mish)
Food Price Inflation Doesn't Matter, Unless You Eat Food (dailyfinance.com)
Egypt's Revolution: Coming to an Economy Near You (blogs.hbr.org)
Social Security financial headwinds (mybudget360.com)
Student loan debt is forever. Bankruptcy does not help. (latimes.com)
Mortgage Bankers Miss out on Profits From Flipping Their HQ Building (online.wsj.com)
Republicans turned off by size of Obama's package (2009 - archive.easternecho.com)

Fri Feb 4 2011

Wealthiest Americans Enrich Themselves At Taxpayer Expense (dailybail.com)
JPMorgan was warned on Madoff, lawsuit says (money.cnn.com)
Read unsealed complaint: JPMorgan Execs Warned About Madoff (stopforeclosurefraud.com)
Merrill fired analyst who angered huge bank clients before financial crisis (finance.yahoo.com)
When Irish Eyes Are Crying (vanityfair.com)
Russia's Putin sees $20.5 bln housing investment (reuters.com)
China's Assimilation Strategy: "Honeytrap", "Lamprey", and "Mushroom Factory" (Mish)
Chinese money supply bigger than America's (interest.co.nz)
Taleb Advises First Avoid Treasuries, Then Dollar (bloomberg.com)
Shadow inventory of prime real estate is growing (irvinehousingblog.com)
Struggling downtown San Jose condo tower to switch to rentals (contracostatimes.com)
Learning To Walk: Fear, Shame And Your Underwater Mortgage (huffingtonpost.com)
Foreclosed Houseowners Go to Court on Their Own (nytimes.com)
Does everyone need a college degree? Maybe not (csmonitor.com)
Survivors of Tucson Shooting Now Suffer From US Healthcare Costs (nytimes.com)
Gap Between Rich And Poor Named 8th Wonder Of The World (theonion.com)

Thu Feb 3 2011

Free Advertising On Patrick.net Home Page (patrick.net)
How Low Can Los Angeles Go? (westsideremeltdown.blogspot.com)
47% of Phoenix sales were from all cash buyers in December (mybudget360.com)
12 Signs That The Worst Housing Collapse In U.S. History Is Getting Worse (businessinsider.com)
Claremont Hotel Files For Bankruptcy, operations unaffected (berkeleyside.com)
Grand Wailea Hotel in Bankruptcy (staradvertiser.com)
Bet on Foreclosure Boom Turns Sour for Investors (nytimes.com)
Low rates prompting more 'cash-in' refinances (washingtonpost.com)
How inflation is turning breakfast into a luxury item (finance.fortune.cnn.com)
Stocks prices up, but housing still hurts (csmonitor.com)
Toxic Mortgages Rally as Resets Accelerate (businessweek.com)
The Next Global Banking Crisis Is 3 Years Away (theatlantic.com)
Perfect bailout: Fannie, Freddie now send taxpayer cash directly to wall street (finance.yahoo.com)
Wall Street Pay Reaches Record $135 Billion Taken From Rest Of Us (online.wsj.com)
Bill Gross sees dangers in the debt-limit debate (sfgate.com)
The cult of Australian property (businessspectator.com.au)
China Is Poised to Raise Rates Again, Bankers Say (nytimes.com)
Health insurance companies exempt from anti-trust laws (old but still true - examiner.net)
Republicans Vote To Repeal Obama-Backed Bill That Would Destroy Asteroid Headed For Earth (theonion.com)

Wed Feb 2 2011

Foreclosures up in San Francisco (sfgate.com)
Whistleblowers who report property tax cheats in San Francisco see big payday (sfexaminer.com)
Coming collapse of commercial real estate already here (finance.yahoo.com)
Housing is worth only the underlying income (smh.com.au)
Housing affordability in Australia a world-class outrage (scott-ludlam.greensmps.org.au)
Julian Assange: "I Think It's Great. We Have All These Banks Squirming" (dailybail.com)
I helped cause the financial crisis, and I'm sorry (open.salon.com)
The Paradox of Corporate Taxes (nytimes.com)
The $5 Million Tax Break For The Rich ($10M per couple) (online.wsj.com)
Capital One dredges up decade-old, charged-off credit card debt (latimes.com)
Ron Paul on The Fed and Job Creation (safehaven.com)
China central bank says Fed easing ineffective and dangerous (reuters.com)
Inflation Quickens From Korea to China, Boosting Case for Asia Rate Rises (bloomberg.com)
Lawmaker slams US housing regulator on legal bills (reuters.com)
Deregulation of derivatives set stage for collapse (sfgate.com)
Asset cycle investing in a deflationary environment (thedropshadow.com)
Renewable Energy, Oil and the Mideast (Charles Hugh Smith)
Protest prompts Blue Shield to delay 59% rate hike a little while (dailykos.com)
How corporate interests create fake foundations to spin debate (youtube.com)

Tue Feb 1 2011

Keep the housing crash news alive in 2011! 18.9% raised so far
House Prices Sink Further (online.wsj.com)
US house prices slide into 'double dip' (latimes.com)
Nearly 11 Percent of US Houses Empty (finance.yahoo.com)
Banks still holding 70% of foreclosures off market (housingwire.com)
Banks grip on prime shadow inventory growing (housingwire.com)
Halsey Minor faces auction of property in foreclosure (drf.com)
Going, gone: Bank takes Kluge's Vineyard Estates (readthehook.com)
Even More Millionaires Defaulting on Mortgages (cbsnews.com)
Strategic default begins nearly one in four Nevada foreclosures (irvinehousingblog.com)
Phoenix-area real-estate market may face new reality (azcentral.com)
Despite price rebound, many DC area houseowners still face steep losses (washingtonpost.com)
Underwater and Not Walking Away: Middle Class Shame, Fear Means Bank Profits (papers.ssrn.com)
Hello Ben Bernanke, Meet "Stephanie" Whose Retirement You Screwed (Mish)
The Rich Splurge, Using Money They Took From You (businessweek.com)
House prices almost doubled but salaries did not (guardian.co.uk)
Increase in house prices does not benefit majority (smh.com.au)
Fundamentals haven't been addressed at all, says Davos economist (bloomberg.com)
Facebook, Twitter, and the Arab Revolutions (lewrockwell.com)
Egypt slides into class warfare. When will the Hamptons be looted? (nytimes.com)

Mon Jan 31 2011

Keep the housing crash news alive in 2011! 18.7% raised so far
It's still better to rent than buy in SF Bay Area (sfgate.com)
Shiller: House Prices Could Fall For Years (businessinsider.com)
Substantial Future House Price Declines Predicted By Goldman (zerohedge.com)
Foreclosure crisis far from over (youtube.com)
Downward Revisions Coming to Existing House Sales? (calculatedriskblog.com)
You Don't Have To Pay Real Estate Broker 6% Extortion (nytimes.com)
Business capital investment is far more productive than housing investment (theatlantic.com)
Feds need to get out of housing market (gosanangelo.com)
Banks enjoying homestead exemption intended for individuals (jacksonville.com)
Foreclosure losses picked up by taxpayers, investors (azcentral.com)
Never Again My Ass. Banks Are Bigger Than Ever. (economix.blogs.nytimes.com)
Scott Adams on How to Tax the Rich (online.wsj.com)
A Tale of Two New Yorks (thenation.com)
Living without money (timesonline.co.uk)
Egypt Closes Banks, Stock Market; Protests Spread (Mish)
Short Wave Internet Replacement (zetatalk.com)
Sometimes text spam is good (telegraph.co.uk)
Protest Blue Shield's Criminal Rate Hikes Tuesday in San Francisco (patrick.net)

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