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property

Treasury Considers Plan to Halt Home Price Slide

Edward Harrison Dec 4, 2008

Marshall here. Slowly but surely, the Treasury is beginning to move more aggressively on providing help to homeowners, as opposed to bankers. This makes sense: A financial meltdown and housing deflation cannot be cured simply by pumping…

Markets

More on California Housing data

Marshall Auerback Dec 4, 2008

Marshall here, as Ed is busy sunning himself in the Bahamas, whilst I am stuck in snowy Denver! It sounds as if JMP Securities has also read the California report that I discussed recently. This is the first outside source that I have…

Markets

Treasury to Consider Further Measures to Halt Housing Slide

Marshall Auerback Dec 3, 2008

The Treasury Department is considering a plan to halt the slide in home prices that would lower mortgage rates using Fannie Mae and Freddie Mac. The plan could reduce rates for newly issued loans to as low as 4.5%. Slowly, but surely, the…

Economy

JPMorgan Chase: Large exposure to real economy downturn

Edward Harrison Nov 30, 2008

The financial services sector has been the hardest hit sector in the credit crisis so far. Banks with large exposures to mortgage-backed securities like Citigroup, UBS and Merrill Lynch have suffered the most. This is largely because the…

Markets

UK: House price fall moderates, prices still down 13.9% in year

Edward Harrison Nov 27, 2008

Today the Nationwide released their monthly UK-wide figures on house prices and the numbers were better. House prices fell 0.4% in the last month, bringing the annual fall to 13.9%, down from 14.6% in October. Nevertheless, this is the…

Markets

Case-Shiller Home Price index shows a 17% fall

Edward Harrison Nov 26, 2008

The S&P/Case-Shiller® Home Price Indices were released yesterday. Unfortunately, I was away all day and could not post. The indices showed a further decline in home prices in the United States through September 2008 (the data most…

Peter Schiff: they laughed at him, now he’s laughing back

Edward Harrison Nov 14, 2008

I have been tied up with other activities all day today. But, I just had to send this post on Peter Schiff. My brother-in-law sent me this video a second ago of Schiff predicting doom and gloom on YouTube. And it's actually kind of funny to…

Markets

Toronto house prices in free fall

Edward Harrison Nov 5, 2008

Canada has been one of the last housing bubble markets to crack. But, crack it has. The Toronto Real Estate Board reported that house prices crashed 13% from $434,022 on average last October to $376,896 this past October. With job losses…

Markets

Nationwide: UK house prices down 14.6%

Edward Harrison Oct 30, 2008

The rate of decline in house prices in the UK is accelerating. Today the Nationwide released their monthly UK-wide figures on house prices and the numbers were fairly grim. House prices fell 1.4% in the last month alone, bringing the…

Markets

Canada’s housing market is coming unstuck

Edward Harrison Oct 29, 2008

I have run several stories in the past about Canada's housing bubble because I have visited a number of Canadian cities over the past few years and all of them seemed to be building like mad. Vancouver and Toronto were the worst of the lot…

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