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“After the Great Recession, there were some pundits who theorized that real estate would make a W-shaped recovery. With the S&P/Case-Shiller housing prices out this morning, it’s now clear that there are not one but two W’s in the chart — and that’s not a good thing.”
“Nothing more characterizes the current conventional wisdom than the demise of the single-family house. From pundits like Richard Florida to Wall Street investors, the thinking is that the future of America will be characterized increasingly by renters huddling together in small apartments, living the lifestyle of the hip and cool — just like they do in New York, San Francisco and other enlightened places.”
“Most of the major metros in the country finished 2011 with lower home prices. How did San Diego compare to 19 other areas in the monthly S&P/Case-Shiller Home Price Index?”
“WASHINGTON — The regulator over Fannie Mae and Freddie Mac pushed back against mounting pressure that the mortgage finance giants start reducing the principal owed on troubled loans, insisting the practice could hurt taxpayers and that alternatives were better at avoiding foreclosures.”
“Although there have been some recent encouraging signs that the housing industry is getting back on its feet, home prices are still falling in virtually all the nation’s big metro areas, according to data released Tuesday.”
“Fannie Mae is short $4.6 billion and it wants the U.S. government to foot the bill.
“Nobody wants to catch a falling knife. It is as simple as that. If potential buyers see continued home price erosion, they will stay parked on the sidelines. But as with everything else in this unique and historic housing market, perhaps the usual logic doesn’t apply.”
“Homebuying in Fountain Valley appeared mixed as the traditional homebuying season started to get in gear in early February.
“Real estate for sale in Cypress appeared mixed as the traditional homebuying season started to get in gear in early February.
“Federal Reserve Chairman Ben Bernanke suggested that affordable housing prices and low interest rates are not enticements for potential buyers lacking down payments and job security.”
Get on The Real Estate Love Train with Uncle Tony! |
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