Housing

So the Federal Housing Administration is the latest victim of the housing bust. If they weren't a government agency, they might actually be bust.The projected loss is the highest in the home loan program since 2004, and officials said the…

Why does the media report month to month statistics like they mean anything? It's the year-on-year trend that is important. Note the headline in this item versus the reality. April pending home sales rise as prices tumble The…

Citigroup, Merrill, UBS Face Further Writedowns, Whitney SaysBy Jeff KearnsJune 9 (Bloomberg) -- Citigroup Inc., Merrill Lynch & Co. and UBS AG may post further writedowns of $10 billion on their debt holdings after the two biggest bond…

When was the last time you heard of a major U.S. home builder going bankrupt? It's been quite a while. Even though my focus right now is firmly fixed on financial institutions and mortgage lenders, I have a watchful eye on home builders.…

Unfortunately this IS the real deal, Evander Holyfield -- you're losing your house. HousingWire is reporting that Evander Holyfield has become the second major celebrity to succumb to buckling home prices and financial difficulty this…

Canada has experienced a housing boom, not unlike many other English-speaking countries globally. According to the Globe and Mail, housing prices have doubled there nationally in the last 10 years. So, what are the prospects for Canadian…

Housing wire has a very interesting piece out today, suggesting that the mortgage crisis in the U.S. has moved far beyond merely subprime and even Alt-A; Prime borrowers are now where the greatest increase in mortgage stress is being felt.…

The Telegraph is reporting that "house prices are now suffering their sharpest annual drop in 15 years, according to the latest survey from Halifax."See story.Related storiesHouse prices: Should the Government intervene?, Telegraph, 05 Jun…

Question: Could one see a bubble in housing back in 2005 when house prices were still rising? Well, to answer that question, I took the S&P/Case-Shiller Composite 10 Index and mapped it the rate of inflation. See, Robert Shiller, one…

Along with the residential housing bust in Ireland, a commercial real estate (CRE) bust is definitely on the table. According to the newspaper the Irish Independent up to 10 billion euros of writedowns are possible for the Irish property…