Nov
15th
Sun
15th
I love correlations via CalculatedRisk Housing Starts and the Unemployment Rate (image)
Get Updates
About
tito -AT- titocosta.com
Tito on the web
Tito on Twitter
Tito on Friendfeed
Tito on Facebook
Tito on LinkedIn
Tito's Search
Tito's News
Favorites
Slice of MIT
Baseline Scenario
Oct
27th
Tue
27th
Guess What's Going Up Now
I completed missed the news that all money printing by Bank of England already managed to fuel asset price inflation in … housing! Due to lower inventory of unsold homes than elsewhere (USA, Spain), London house prices already surged past 2007 record high.
Oct
24th
Sat
24th
For 2009, total foreclosures are estimated to be 2.4 million. But coupling state-by-state delinquency rates and foreclosure starts (as reported by the Mortgage Bankers Association) with other data, the CRL projects that for most states, foreclosure totals will more than triple over the coming 4 years, for a total of 8.1 million foreclosures, with only about one in ten of these being saved thanks to court-supervised modifications.
Jul
26th
Sun
26th
Jul
8th
Wed
8th
Feb
24th
Tue
24th
US Home Prices 26.7% Below Peak
From Reuters today:In a separate index, home prices depreciated at a 18.2 percent pace in the fourth quarter from a year earlier, for the largest drop since the series began 21 years ago, it said. From the housing market peak in the second quarter of 2006, home prices have plummeted 26.7 percent, it said.
… and they are still above 2004 levels. Whereas stocks are at 1997 levels. If, hypothetically, house prices were to go back to 1997 levels as well, that would mean another 50% decline.
