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“It’s The Weather, Duh”

zerohedge.com / By Tyler Durden / 04/15/2014 14:35 -0400

Earlier today, the NAHB released its latest builder confidence report. Something stood out to us, namely the following data, which shows that while confidence picked up modestly in the Northeast in April, it tumbled in the West and Midwest.

April:

What’s the explanation for this [...]

When The Fed’s Refi Madness Ended, Bank Mortgage Profits Evaporated

davidstockmanscontracorner.com / By David Stockman / April 14, 2014

During the course of its massive money printing campaign after the financial crisis of 2008, the Fed drove the 30-year mortgage financing rate down from 6.5% to 3.3% at its mid-2012 low. The ostensible purpose was revive the shattered housing market which had resulted from the [...]

Beazer’s Near-Distressed Bond Deal Reflects Deteriorating Housing Market

investmentresearchdynamics.com / Dave Kranzler / April 11, 2014

Most interesting is that the offers were all resembling the 2005-2007 bullshit as no one had any real skin in the game. I looked over the offers and said to my realtor, “here we go again, 2005-2007″ … once again we get real stupid.

That quote is [...]

Inventory slowly creeps back into the California housing market: Homes for sale in Los Angeles up nearly 18 percent year-over-year and price gains stall. Cash sales still a big part of market.

doctorhousingbubble.com / April 02, 2014

Inventory is finally starting to show up in the California housing market. The main motivator of this growing inventory is the delusional prices being asked by sellers are no longer generating massive amounts of sales from house lusting buyers. In other words, sky high prices have caused many homes to [...]

What Happens After the Low-Hanging Fruit Has Been Picked?

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, APRIL 01, 2014

Right now China is at the top of the S-Curve, and the problems of stagnation are still ahead. What happens after all the low-hanging fruit has been picked? We can phrase the same question using a different analogy: what happens when all the oxygen in [...]

In California buying is about timing and speculation: Since 2000 the California housing market has experienced more dramatic booms and busts courtesy of speculation, investors, and new financial products.

doctorhousingbubble.com / March 30, 2014

California’s housing market is a boom and bust machine tuned to attract the masses. Timing matters in a state where speculation is rampant. Since 2005 California home owners have received over 2,000,000+ foreclosure notices. Of course this goes into the graveyard of foreclosure information that we seem to forget each [...]

China’s Developers Face Shakeout as Easy Money Ends: Mortgages

bloomberg.com / Mar 28, 2014 5:14 PM GMT+0800

Photographer: Brent Lewin/Bloomberg A man on a bicycle rides past cranes operating at a residential construction…

The collapse of a Chinese developer in acity south of Shanghai foreshadows a shakeout among the nation’s almost 90,000 real estate companies as the government reins in credit and [...]

How Government Wrecks the Economy

mises.org / by Robert P. Murphy / Tuesday, March 25, 2014

The fall of the Soviet Union should have spelled the demise of central planning, yet the socialist mentality thrives — albeit in a diluted form — in all governments in the so-called “free world.” No one explained the failures of pure socialism and [...]

U.S. Housing Market One Chart Says it All

marketoracle.co.uk / By: Mike Whitney / Mar 22, 2014 – 05:53 PM GMT

Get a load of this chart from DataQuick’s National Home Sales Snapshot. It’ll tell you everything need to know about housing.

(Note: MSA=metropolitan statistical area)

As you can see, prices are flatlining or drifting lower while sales are sinking like a [...]

Nationwide Home Sales Collapse: There Is No Recovery and This Chart Proves It

shtfplan.com / Mac Slavo / March 20th, 2014

Now may be the best time to buy a home. At least that’s what the majority of real estate agents in America will tell you if you ask them how the housing market is doing.

They’ll cite various statistics and give you a “feel” for the market [...]

JPMorgan Chase Engaged in Mortgage Fraud: The Securitization Scheme that Collapsed the Housing Market

washingtonsblog.com / By Ellen Brown / March 4, 2014

In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks [...]

Is Larry Yun Intentionally Making A Joke Out Of The Bad Housing Data?

truthingold.blogspot.com / DAVE IN DENVER / FRIDAY, FEBRUARY 28, 2014

But the most brilliant propagandist technique will yield no success unless one fundamental principle is borne in mind constantly and with unflagging attention. It must confine itself to a few points and repeat them over and over. Here, as so often in [...]

The “Institutional Investor” Housing Bubble Just Burst

zerohedge.com / by Tyler Durden on 02/27/2014 16:28 -0500

It is by now well understood that the US housing market over the past year has not benefited from broad consumer participation, exhibited best by the unprecedented, 13 year low collapse in mortgage applications. And since bond yields which recently “soared” to 3.00% only to [...]

The Smart Money Quietly Abandons The Housing Market

testosteronepit.com / By Wolf Richter / FEBRUARY 27, 2014 AT 2:12AM

In real estate, national averages paper over the gritty details on the ground and are a crummy, often contradictory indicator as to what is happening in specific metro areas. When a new trend starts or when a reversal takes place in some locations, [...]

The Housing Recovery Myth In New York And New Jersey Ends With A Bang As Foreclosures Surge

zerohedge.com / by Tyler Durden on 02/26/2014 14:23 -0500

It was about a year ago when we noted a core component of the US housing non-recovery: the time to sell foreclosed homes had just hit a record of 400 days across the nation. We showed the following chart from RealtyTrac confirming just this:

It’s Not the Weather – The Housing Market Is Just Falling Apart

outsiderclub.com / By Jason Simpkins / February 24, 2014

The housing market was at the nexus of the last financial crisis, and it may very well be the start of the next one, as well.

We’ve seen absolutely terrible data coming out of the housing market over the past few months.

But rather than [...]

Stocks Wobble Overnight As China Tremors Get Louder

zerohedge.com / by Tyler Durden / 02/25/2014 07:08 -0500

All eyes were on China overnight, where first the PBOC drained a quite substantial CNY 100 billion in liquidity via 14 day repos in the month following the biggest credit injection on record, pushing those worried about China’s credit schizophrenia to the edge, and then [...]

Polar Vortex hits California housing market: California home sales fall over 10 percent on an annual basis. 2014 off to a drought in real estate.

doctorhousingbubble.com / By Dr. Housing Bubble / February 23, 2014

The blame game is now out in full force for the slow start to housing in 2014. Nationwide, we’ve been hearing about the polar vortex impacting real estate. Unfortunately it cannot be applied to California given that we’ve been in a full on drought. Winter [...]

April Gold settles 1323, up $5 for the week ended February 21

goldsilverworlds.com / February 21, 2014

Gold futures snapped a two-day loss to end higher on Friday, as investors sought the safe haven appeal of the metal after some disappointing home sales data out of the U.S. and with the ongoing violence in Ukraine. For the week, gold gained about 0.4 percent. The continued violence [...]

Serfdom nation: First time where a six year period of household formation of renters outpaced that of homeowners. Purchase applications back to levels last seen 20 years ago.

doctorhousingbubble.com / By Dr. Housing Bubble / 21 Feb, 2014

I think it is safe to say that investor activity in the housing market has changed the face of real estate buying. Back when the crisis hit in 2007, some analysts were cheerleading the hedge fund crowd as a tiny blip in the market. It [...]

When the housing market is owned by Fed banks: Federal Reserve went from holding zero in mortgage-backed securities to over $1.5 billion.

mybudget360.com / by mybudget360 / February 15, 2014

There are significant consequences with the Fed continuing on course with Quantitative Easing. On paper, it may seem that all is fine on the home front. However, many regular Americans are finding it harder to purchase a home in spite of a low interest rate environment. The [...]

Did Canada Just Pop Its Housing Bubble?

zerohedge.com / by Tyler Durden / 02/12/2014 21:08 -0500

The Canadian economy is rolling over and their recent jobs situation is worse than the US (and it’s always cold weather-y up there?!) but the last great pillar of the ‘recovery’ in Canada is perhaps about to get crushed. As the WSJ noted recently,Canada’s housing market [...]

WTF Chart Of The Day: Spanish “Recovery” Edition

zerohedge.com / by Tyler Durden on 02/05/2014 12:18 -0500

The following chart of Spain’s housing market really speaks for itself, and certainly conflicts with Rajoy’s promises that not only is the recession in the country over but it is recovering.

And for those unconvinced, here are some additional thoughts from SocGen:

Since the housing [...]

WARPED, DISTORTED, MANIPULATED, FLIPPED HOUSING MARKET

theburningplatform.com / By Jim Quinn / February 2, 2014

The report from RealtyTrac last week proves beyond the shadow of a doubt the supposed housing marketrecovery is a complete and utter fraud. The corporate mainstream media did their usual spin job on the report by focusing on the fact foreclosure starts in 2013 [...]

Dimwitted Yet Greedy: A Recipe For Success

mogamboguru.com / By The Mogambo Guru / January 8, 2014

Unfortunately, angry dimwits like me don’t make a lot of money with which to invest and be successful, all because the world is conspiring against us, everybody hates us, and we have crappy jobs. This does not mean that we are not also out [...]

The Re-ARM-ing Of The Housing Market Bubble

zerohedge.com / by Tyler Durden / 01/02/2014 18:59 -0500

Worried about being priced out of the housing market once again? Concerned that longer-term fixed rates will rise? It seems the general public, guided by the always full of fiduciary duty – mortgage broker – has reverted to old habits and is charging back into [...]

Monday’s Pending Home Sales Report: More Negative Housing Data

truthingold.blogspot.com / BY DAVE IN DENVER / THURSDAY, JANUARY 2, 2014

On Monday the National Association of Realtors (NAR) released its Pending Home Sales Index report for November. This is a pretty good proxy for the volume of activity in the housing market because it contains a data column that shows the [...]

2014 housing forecasts filled with euphoria: Estimates looking at higher rates combined with higher prices and stagnant incomes.

doctorhousingbubble.com / By Dr. Housing Bubble / 2 Jan, 2014

Euphoria unlike housing inventory is in plenty supply when it comes to 2014 real estate forecasts. The glue holding the housing market comes from investors and generous banking policy. The one thing about economics unlike other hard sciences is that it happens in real-time. It [...]

The plague of all-cash buyers: Massive market distortions being created by easy money policy. 42 percent of recent purchases recorded no conventional mortgage.

doctorhousingbubble.com / By Dr. Housing Bubble / December 26, 2013

A plague on both of your houses. Unless of course, you are buying a few extra homes as investments and then the market is conveniently setup for you. The Fed has created a housing market dominated by a herd of investors. There is no [...]

The slowing down SoCal housing market: Sales drop 10 percent year-over-year and investors begin to pullback.

doctorhousingbubble.com / Dr. Housing Bubble / 17 Dec, 2013

The year ends on a similar note to how it began. Low inventory seems to be the name of the game once again. The market has definitely softened here in Southern California. The latest figures reflect a shift from the blistering hot first half of the [...]