Housing Market News

April 7, 2011

Swedish Housing Needs Supply, No More Caps, Attefall Says – San Francisco Chronicle

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Swedish Housing Needs Supply, No More Caps, Attefall Says
San Francisco Chronicle
Swedish house prices rose during the financial crisis even as the economy contracted and unemployment swelled, prompting the National Housing Credit Guarantee Board in February 2010 to warn that the country was in the grips of a property bubble.

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At Roanoke conference, federal banker says boundaries of risk must be clarified – Roanoke Times

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At Roanoke conference, federal banker says boundaries of risk must be clarified
Roanoke Times
The federal safety net for financial investments was cast too broadly and distorted perceptions of risk, contributing to the housing bubble and subsequent economic crisis that sent the economy into recession,

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April 5, 2011

No ‘housing bubble’ in Sweden: report – The Local.se

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No 'housing bubble' in Sweden: report
The Local.se
According to SEB analyst Elisabet Kopelman, it would have been surprising had the Central Bank announced the existence of a housing bubble in Sweden. However, she says that they are concerned about developments on the housing market.

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Seattle Got Richer Just Before the Housing Bubble – Seattle Bubble (blog)

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Seattle Got Richer Just Before the Housing Bubble
Seattle Bubble (blog)
I haven't updated the Around the Sound post series lately, but I dig deep into data from all across the Sound for Sound Housing Quarterly. I tend not to post as much of that data here, since the name of the site is Seattle Bubble, not Washington State

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China: One nation, many bubbles – Business Times (subscription)

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China: One nation, many bubbles
Business Times (subscription)
That won't bring down prices at the top end but it does have the benefit of pacifying the unhoused poor, and may provide a boost to construction even if house prices fall Why do people say China has a housing bubble? The speed of price rises has been

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Reduced rateables shouldn’t affect taxes – Shore News Today

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Reduced rateables shouldn't affect taxes
Shore News Today
Sure the housing bubble did burst and my own property is worth less than the revaluation placed it. I'd be hard pressed to get anything near what the assessor says it's worth. That said: what didn't change was my tax assessment.

Wells Fargo to pay $11.2M to SEC, settling allegations that Wachovia … – CanadianBusiness.com

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Wells Fargo to pay $11.2M to SEC, settling allegations that Wachovia
CanadianBusiness.com
WASHINGTON (AP) – Wells Fargo & Co. will pay $11.2 million to settle allegations that a bank that it acquired overcharged clients for mortgage investments before the housing bubble burst. The settlement resolves charges that Wachovia Capital Markets

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The Art of Bubbles: How Sotheby’s Predicts the World Economy – The Atlantic

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The Art of Bubbles: How Sotheby's Predicts the World Economy
The Atlantic
They were all sold in 2006 — near the height of the housing bubble. Once again, China has surpassed the United States in a key economic number. No, it's not GDP. It's art. In four years, China has zoomed past us from the world's fourth biggest fine

Wells Fargo settles SEC mortgage-bond charges – CNBC.com

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Wells Fargo settles SEC mortgage-bond charges
CNBC.com
WASHINGTON – Wells Fargo & Co. will pay $11.2 million to settle allegations that a bank that it acquired overcharged clients for mortgage investments before the housing bubble burst. The settlement resolves charges that Wachovia Capital Markets LLC

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Wells Fargo settles SEC mortgage-bond charges – MSN Money

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Wells Fargo settles SEC mortgage-bond charges
MSN Money
WASHINGTON (AP) – Wells Fargo & Co. will pay $11.2 million to settle allegations that a bank that it acquired overcharged clients for mortgage investments before the housing bubble burst. The settlement resolves charges that Wachovia Capital Markets

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Wells Fargo settles SEC mortgage-bond charges – Forbes

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Wells Fargo settles SEC mortgage-bond charges
Forbes
AP , 04.05.11, 05:40 PM EDT Wells Fargo & Co. will pay $11.2 million to settle allegations that a bank that it acquired overcharged clients for mortgage investments before the housing bubble burst. The settlement resolves charges that Wachovia Capital

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Wells Fargo settles SEC mortgage-bond charges – CBS MoneyWatch.com

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Wells Fargo settles SEC mortgage-bond charges
CBS MoneyWatch.com
by AP | Apr 5, 2011 | Comments WASHINGTON (AP) ? Wells Fargo & Co. will pay $11.2 million to settle allegations that a bank that it acquired overcharged clients for mortgage investments before the housing bubble burst. The settlement resolves charges

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April 4, 2011

Wachovia Draws SEC Attention – Wall Street Journal (blog)

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Wachovia Draws SEC Attention
Wall Street Journal (blog)
The welter of financial instruments spawned by the housing bubble ? CDOs, CMOs, and a few other acronyms that elude us at the moment ? continue to be scrutinized by securities lawyers and regulators. In the latest news, the Securities

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The Invisible Recovery: Why the Economy Still Feels So Sluggish – Fox News

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The Invisible Recovery: Why the Economy Still Feels So Sluggish
Fox News
HANNITY: Yes. And you know, what, and by the way, if we add to that, looks like we may be hitting another housing bubble where this is what started this recession in the first place. PETALLIDES: Housing is stagnant. Housing stagnant.

An Undervalued, Profitable Insurance Company — Investors Title (ITIC) – GuruFocus.com

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An Undervalued, Profitable Insurance Company — Investors Title (ITIC)
GuruFocus.com
I like this for a couple of reasons: 1) North Carolina was not one of the ?centers? of the housing bubble, like California, Florida, etc., so while business is down in the recession, it hasn't been absolutely crushed and should recover to normal levels

Housing Bubble Continues to Haunt Fed – MarketWatch

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Housing Bubble Continues to Haunt Fed
MarketWatch
Americans' love affair with housing is over. But, ironically, deflation of the bubble risks fueling consumer-price inflation. Shelter costs account for 32% of the overall consumer-price index and about 40% of core CPI, which excludes

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Housing Bubble Continues to Haunt Fed – Wall Street Journal

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Housing Bubble Continues to Haunt Fed
Wall Street Journal
Americans' love affair with housing is over. But, ironically, deflation of the bubble risks fueling consumer-price inflation. Shelter costs account for 32% of the overall consumer-price index and about 40% of core CPI, which excludes

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Euro Area Update: The Crisis Sine Wave – Seeking Alpha

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Euro Area Update: The Crisis Sine Wave
Seeking Alpha
Compare for instance the long term effects of a burst housing bubble to those of the bursting of the IT bubble in the year 2000. It should be easy to see what the decisive difference is. The bursting of a malinvestment bubble in network switches,

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Are Subprime Mortgages Returning? – The Atlantic

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Are Subprime Mortgages Returning?
The Atlantic
But there's a separate article that suggests borrowers are again able to obtain the same sort of risky mortgages that helped to create the housing bubble. Sarah Riley reports for The Daily: CAPE CORAL, Fla. — All it takes is $1 down to buy a brand-new

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Home Prices: A Time for “Bargain Hunting?” – Elliott Wave

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Home Prices: A Time for "Bargain Hunting?"
Elliott Wave
It took a few more years for the residential real estate bubble to burst, yet Prechter's analysis proved predictive. "Those who understood the deadly nature of the intense real-estate consensus of the 2000s are immensely relieved today.

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