Robert Shiller: “It’s not likely to be quickly over”
An Interview with Robert Shiller - The Atlantic
Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Tag
Housing
Nationwide: U.K. house prices down 16.6%
The monthly Nationwide Building Society survey is out for house prices in the U.K. The data show an annual fall that is the steepest on record at 16.6%. This means that house prices are now falling more rapidly than ever in the U.K. and…
Cramdowns and refis won’t need appraisals
In November, the U.S. federal agencies which oversee the banking system proposed new guidelines for real estate appraisals. One would imagine that these guidelines would be in keeping with the new more stringent regulatory frame of mind…
Case-Shiller: Across the board deterioration in every market
I have yet to read what the media has reported on the new Case-Shiller Housing Index numbers for November 2008. However, I have crunched the numbers and they do not look very good.
For the Composite-20 list of cities, the index is down…
Circuit City as canary in the coalmine for commercial real estate
Recently, I was discussing the economy with a lawyer expert in both commercial real estate and taxation, workouts, and bankruptcy. He made a few statements that I felt relevant enough to pass on here.
Citi agrees to do cramdowns
After meetings with lawmakers, Citigroup has agreed to back legislation that would allow bankruptcy judges to alter the amount due on mortgage principal, so called cram downs.
As it stands today, all other debtors including corporations…
Nationwide: UK house prices down 15.9% from last year
The data are in for house prices in the United Kingdom and they are not good. Prices have now fallen 18% from their peak in October 2007 according to the latest Nationwide Building Society survey. They were down a massive 2.5% in December…
The $103,000 shack: a perfect explanation of why housing is a mess
If you are wondering why the U.S. housing market is a mess, watch this video about a $103,000 mortgage that was used to finance a shack --literally, a shack. Of course, the mortgage was packaged with a bunch of others into a mortgage…
Case-Shiller index: Across the board declines in U.S. housing
The S&P/Case-Shiller Index for U.S. housing came out today. It was a pretty nasty little report. It showed a clear acceleration in home price declines for the month of October, the latest month for which data is available. In the…
Jamie Dimon on the economy
It's interesting to hear a chief executive of a major Wall Street firm speak openly and on the record about the economy. So, it's refreshing to watch this video and see Jamie Dimon's take on a number of economic issues ncluding house prices…