Housing

Alright, I have a mea culpa here. Check out this quote from June 2008

On a month-to-month basis, all metro region in the Case-Shiller Home Price Index for June 2011 showed price increases. On the other hand, we saw year-on-year housing declines across 20 major US metro areas of 4.5%.

Can Russia get the best of both worlds by freeing its economy from technologically unnecessary charges and rentier tolls paid to special interests? Such expenditures prevent the economy from developing. That is the basic cause of poverty –…

Economist Robert Shiller spoke with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart" on Tuesday. Shiller sees the likely austerity that the US will see as a result of the debt ceiling debate as negative for housing…

The Case-Shiller Home Price Indices were released this morning. As usual, I use the seasonally unadjusted numbers to see what is happening. The numbers show that home prices dropped 4.5% in the year to May 2011, with every market down…

"Bloomberg Risk Takers" profiles Michael Burry, the former hedge-fund manager who predicted the housing market’s plunge, in video.

I decided to look at what President Bush’s Council of Economic Advisors (CEA) were saying in their annual reports for 2005-2007 about the massive real estate bubble, epidemic of accounting control fraud and mortgage fraud, the resultant…

And the police are not interested in prosecuting. Video below.

The latest Case-Shiller Home Price Index update has come out. The data show an uptick in home prices on an unadjusted basis from March to April.

The road map for how a Danish government might be forced to issue government bonds and swap them for unsalable covered bonds in order to allow its financial institutions to abide by the Basel rules is an almost sinister way in which the…