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Housing Bubble Blog News

Twin Cities Realtors Group Establishes Housing Data Firm Monday, February 8, 2010 @ 9:34AMFeb. 8--You wouldn't think a housing crisis would be good for a Realtors association. But at a time when dues-paying members were leaving the industry, the downturn helped the Minneapolis Area Association of Realtors turn one of its strengths into a moneymaker.
Making sense of numbers Saturday, February 6, 2010 @ 11:20PMMinneapolis data crunchers find success and a new revenue stream explaining housing numbers in easy-to-digest formats.
Local building-trades jobs are disappearing Saturday, February 6, 2010 @ 10:46PMElectrician Rob Kilroy spent Thursday morning at the supermarket, pushing the cart as his wife picked out groceries for the family.
Median price of homes rises in Seattle, keeps dropping in suburbs Thursday, February 4, 2010 @ 6:05PMHome prices in the city of Seattle rose in January for the first time in nearly two years, according to one closely watched measure.
The hot housing and mortgage edition Thursday, February 4, 2010 @ 1:38PMIs it best to go with a variable-rate or fixed-rate mortgage, is there a bubble in home prices and a close-up of Vancouver and Toronto markets
New reader Thursday, February 4, 2010 @ 12:39PMNo description available
Time to Sell Property and Equities and Buy Gold and Silver Wednesday, February 3, 2010 @ 9:13AMIt is fairly easy to understand the obvious link between the greater availability of credit and rising asset prices. But less obvious is the rolling up effect or compounding of relatively small annual gains in value over very long periods of time in a credit boom.
ETFs -- The Next Bubble? Tuesday, February 2, 2010 @ 12:10PMOver the last decade, we've seen bubbles in technology/Internet stocks and real estate. Can ETFs by next?
Broward County Commissioners Face Questions About Shady Deals Tuesday, February 2, 2010 @ 11:54AMWe learned Commissioner Diana Wasserman-Rubin is under criminal investigation by the State Attorney's Office for her dealings in the Town of Southwest Ranches. And Commissioner Stacy Ritter's name has surfaced in yet another state investigation involving developer Bruce Chait. Along with ...
By Spengler Tuesday, February 2, 2010 @ 1:19AMOscar Wilde was fond of saying that people rather than principles move the age. In the case of banking reform, the problem is not one of principle (in the form of regulation) nor of principal (proprietary trading), but of profitability.
Docs for mods Monday, February 1, 2010 @ 5:00AMWhat documents you'll need to get a mortgage mod; watchdog warns of another housing bubble.
Time to consider an exit strategy Sunday, January 31, 2010 @ 11:26PMIf you say that chickens are coming home to roost, you mean that bad or silly things done in the past are beginning to cause problems.
US economy races ahead Saturday, January 30, 2010 @ 1:59AMFinancial markets reacted swiftly to the stronger-than-expected growth, with the dollar gaining ground and bond yields rising amid fears of rising inflation in the US economy The US economy grew at a faster-than-expected 5.7% annualised rate in the fourth quarter, the strongest figure in more than six years, as businesses reduced inventories less aggressively than before. Growth in the October ...
Book Review: Too Big To Save? by Robert Pozen Friday, January 29, 2010 @ 10:17AMBy Jacob Wolinsky. This is my ninth book review on the Financial Crisis. To see my previous book reviews view my previous articles. My Most recent Book is TitledToo Big to Save? How to Fix the U.S. Financial System by Robert Pozen. Read more » »
US economy set to post strong growth Friday, January 29, 2010 @ 4:08AMUS economy is forecast to have gathered steam in the final three months of last year, helped by a gradual revival of the housing market.Wall Street analysts expect growth to have picked up to 4.6% in ...
The Land of the Setting Sun? Wednesday, January 27, 2010 @ 11:32AMBy David Merkel. Before I begin, I want to tell all of my friends in Japan that I have a great love for their country. I have not traveled much, but if I were to travel abroad, Japan would be my first choice. Plus, I have many friends in Kobe, Japan. Read more » »
‘Whitewashed Windows and Vacant Stores’ Monday, January 25, 2010 @ 4:04PMRISMEDIA, January 26, 2010—That is a line from a 1983 Bruce Springsteen song, “My Hometown.” As I drive around my town, I can’t get the lyrics or somber melody out of my head. It is like witnessing old friends drop dead one by…
How Sustainability Survived the Great Recession Friday, January 22, 2010 @ 10:54AMThis blog is part of our Inspired Ethonomics series Around this time last year, the deathwatch for sustainability was on full alert. Many wondered whether the "green bubble" would burst the same way the tech bubble and the housing bubble did. Would sustainability follow Lehman Brothers into the pages of history, a relic of the good times? As we go into 2010, it's clear that sustainable business ...
China's roads soon to overtake America's, but are they built on hot air? Thursday, January 21, 2010 @ 9:15PMSo, apparently China’s expressway system has more than doubled in length in the past decade . It’s so long, in fact, that it should soon overtake the interstate highway system of the United States as the world’s longest. What's the impetus for such rapid lengthening? No doubt the recent spike in Chinese car sales, which grew 46% year-over-year from 2008 to 2009, rising to 13.6 million ...
Book Review: This Time is Different by Kenneth Rogoff and Carmen Reinhart Wednesday, January 20, 2010 @ 10:12PMBy Jacob Wolinsky. This is my eight book review on the financial crisis. To see my previous seven reviews see my previous articles. My most recent book isThis Time is Different: Eight Centuries of Financial Folly by Kenneth Rogoff and Carmen Reinhart. Dr Rogoff is a professor of economics at Harvard University, and Dr Reinhart is a professor of economics at the University of Maryland. Read more ...
Into the future Wednesday, January 20, 2010 @ 12:07PMArea Realtors hopeful about 2010 By Joe Tash Contributor Real estate professionals in areas such as La Jolla and North County are looking for markets to stabilize and even improve slightly in 2010, but such factors as rising interest rates and a potential wave of new foreclosures could put a damper on things. Some mortgage experts are forecasting a rise in interest rates as early as this spring ...
Stephanomics Wednesday, January 20, 2010 @ 3:02AMAre King and Darling ganging up on Brown?
Goldman Said to Delay Release of Bonus Details Tuesday, January 19, 2010 @ 6:00AMGoldman Sachs is likely to unveil details of multimillion dollar bonuses to staff next week, a person familiar with the matter told Reuters on Tuesday, a delay as the dispute over payouts heats up.
Small Business Makeover: Custom builder targets smaller projects Sunday, January 17, 2010 @ 2:17AMThe Magleby name is a well-known builder brand in Utah.
Book Review: More Mortgage Meltdown by Whitney Tilson Saturday, January 16, 2010 @ 8:12PMBy Jacob Wolinsky. I have been doing a series of book reviews on the financial crisis. To see my six previous reviews click here. My latest book is More Mortgage Meltdown by Whitney Tilson and Glenn Tongue. Whitney Tilson helped author Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger Read more » »
Peter Crabb: Economists feud over easy money and the housing collapse Friday, January 15, 2010 @ 8:32PMGeorge Bernard Shaw once said, “If all economists were laid end to end they would not rea
Gilbert Might Make a Deal, Avoid Jail: Loose Lips Daily - City Desk - Washington City Paper Thursday, January 14, 2010 @ 11:19AMIN LL WEEKLY---- Disrobing D.C. : Peter Nickles wants to get judges out of city government, by force. Greetings all. Gilbert Arenas is on the verge of a plea deal, Keith Alexander and Mike Wise report in WaPo , with the possibility that Arenas could appear in Superior Court today.
Placido Domingo's multi-tasking comes under increased scrutiny Thursday, January 14, 2010 @ 10:49AMThe music world's most celebrated workaholic, Placido Domingo, is coming under increased scrutiny -- and increased fire -- for what is perceived as a stretched-way-too-thin schedule.
Blether with Brian Thursday, January 14, 2010 @ 7:50AMAll the action from first minister's questions
(AFX UK Focus) 2010-01-13 16:31 Wealth Manager-Grim outlook calls for defensive stance Wednesday, January 13, 2010 @ 10:57AMBy Joseph A. Giannone
More Questions for the Finance Chiefs Wednesday, January 13, 2010 @ 5:45AMThe New York Times's Op-Ed editors asked eight financial experts to pose questions they would like to hear the bankers answer.
Bankers Defend Actions to Congress Wednesday, January 13, 2010 @ 2:00AMCommission Looking Into Cause of Financial Collapse Begins Hearings
RZA crosses the Delaware: For that one special chamber Tuesday, January 12, 2010 @ 12:03PMPretend you're a multi-platinum rapper and producer, the de facto leader of one of hip hop's most influential musical groups, a bestselling author, an award-winning film composer and a sought-after actor, and you were about to direct your first-ever feature film with the blessing of your mentor, Quentin Tarantino. What could you possibly do next? Well, if you're the RZA--ne Robert Diggs -- you ...
Now AIG Joins the Populist War Against Goldman Sachs Saturday, January 9, 2010 @ 7:47PMBy Jacob Wolinsky. In a previous article that I wrote, I argued that the NY Times had joined a populist uprising against Goldman Sachs. I mentioned in the article, that while I did not believe Goldman in an ethical institution, I it is no different than any other investment bank on Wall Street. Therefore, I failed to understand while all the anger directed at Wall Street seemed to be focused ...
Immigration Reform Will Ease Economic Decline, Study Says Friday, January 8, 2010 @ 2:32PMA new study contends that legalizing undocumented workers through comprehensive immigration reform would yield $1.5 trillion to the U.S. Gross Domestic Product (GDP) over a 10-year period, creating jobs and raising wages for all Americans. Traducción al español
The Economy Will Recover Despite Weak Home Sales Thursday, January 7, 2010 @ 10:38AMWhy the American economy will recover even if the housing market doesn't.
Newsweek: Weak home sales aren't big deal Thursday, January 7, 2010 @ 10:33AMThere are two reasons the home-sales report isn't a big deal. First, housing is a highly seasonal business, so the most relevant statistic isn't the month-to-month trend but the year-to-year trend, which saw improvement. Also, we're going to have to have this recovery without housing. In fact, we already are.
Newsweek: Why weak home sales aren't a big deal Thursday, January 7, 2010 @ 10:23AMThere are two reasons the home-sales report isn't a big deal. First, housing is a highly seasonal business, so the most relevant statistic isn't the month-to-month trend but the year-to-year trend, which saw improvement. Also, we're going to have to have this recovery without housing. In fact, we already are.
Economy 2010: From the scandalous known past to the uncertain future Thursday, January 7, 2010 @ 12:32AM“Homes rose markedly in value, especially in hot markets like Florida and New York City. Borrowers believed that home purchases were no-risk ventures certain to escalade, and they went out on a limb to buy.
Low interest rates didn’t cause the bubble, says Bernanke Tuesday, January 5, 2010 @ 2:44PMLow interest rates didn’t cause the bubble, says BernankeLow interest rates didn’t cause the bubble, says Bernanke
Zacks Bull and Bear of the Day Highlights: RadioShack, Aetna Inc., Citigroup, Fannie Mae and Freddie Mac Tuesday, January 5, 2010 @ 5:51AMZacks Bull and Bear of the Day Highlights: RadioShack, Aetna Inc., Citigroup, Fannie Mae and Freddie Mac
The major market indexes were propelled higher by solid economic data Monday, January 4, 2010 @ 3:52PMStocks started the New Year with a bang today, lifted by a bullish combination of encouraging economic data, soothing commentary by key Federal Reserve officials, and softness in the U.S. dollar...( Read More )
A Lost Decade: $1 Invested in 2000 Now Worth 90 Cents Monday, January 4, 2010 @ 9:15AMA lousy decade shakes the faith of of investors who have long championed the stock market.
Farewell to Decade of Bubbles Monday, January 4, 2010 @ 2:14AMEvery decade deserves a name, and I would propose “The Decade of the Bubble” as appropriate for the tumultuous 10 years we are leaving behind. Unlike the bubbles children enjoy, economic bubbles are terrifying. They start out shimmering with beauty, promising endlessly expanding profits.
Don Dion's Weekly ETF Blog Wrap Monday, January 4, 2010 @ 12:58AMThis week Don Dion blogged about warning signs for a Hong Kong index fund, and the best ETFs for shorting Treasuries and betting on a move in platinum.
Posts published on January 4th, 2010 Monday, January 4, 2010 @ 12:16AMRegulatory failure, not low interest rates, was responsible for the housing bubble and subsequent financial crisis of the last decade, Ben S. Bernanke, the Federal Reserve chairman, said in a speech on Sunday.
Editorial: 2010 brings new voices and faces to these pages Friday, January 1, 2010 @ 11:11PMLooking back at a decade is always dangerous. It's a lengthy period of time. A lot can happen in 3,652 days. It is easy to overlook something major.
Stuart Leavenworth: 2010 brings new voices and faces to these pages Friday, January 1, 2010 @ 11:11PMLooking back at a decade is always dangerous. It's a lengthy period of time. A lot can happen in 3,652 days. It is easy to overlook something major.
The Future Of Economic Forecasting Friday, January 1, 2010 @ 2:04PMHow to model irrational behavior in the markets? That's what regulators are trying to sort out.
Q&A: Kevin Kelley Friday, January 1, 2010 @ 5:07AMKevin Kelley’s 30-year gaming industry career has spanned nearly every aspect of casino operations from valet attendant to chief operating officer, with three companies on two continents.