property

The S&P/Case-Shiller® Home Price Indices were released today. They showed a further decline in home prices in the United States through August 2008 (the data most recently available). In the year to August, prices dropped 17.7% for the…

At this stage in the financial crisis, it is difficult to discern exactly where things are headed. However, let me give a general road map of how I see things shaping up.The credit crisis started in August 2007 as a result of the dual…

Here are five books you will NOT find me touting at the Credit Writedowns Amazon Store.Dow, 30,000 by 2008: Why It's Different This Time - Robert ZuccaroDow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market -…

If you want a good laugh, take a look at what Graham Norwood reports in today's Guardian. House prices in Britain are going to rise -- a lot! Apparently, he forgot that house prices are falling at double digit rates and we are in the…

Nationwide released its monthly survey of U.K. house prices and the results are not promising. In September 2008, the month-to-month of 1.7% matched last month's decline, but the annual change in Nationwide's index fell 12.4%, the largest…

The headlines about home prices are pretty dire, showing a record plunge in home prices of 16.3% over last year. In reality, it's not all doom and gloom. So, let's dig behind the headlines about the S&P/Case-Shiller Index released…

Connecticut-based Clayton Homes, now owned by Berkshire Hathaway and called Clayton Holdings, (not to be confused with Clayton Homes, a subsidiary of Berkshire Hathaway)*, has warned that Subprime and Alt-A delinquencies in the U.S. are…

This morning Chris Whalen made some comments on CNBC that hit the nail on the head regarding the U.S. banking crisis: there is a huge wave of old-fashioned loan losses coming down the pike. The writedowns we have seen to date are largely…

Canada, along with Australia, ranks as one of the two last major bubble markets to remain relatively immune to the types of house price falls we have seen in the UK, Ireland, the U.S. and Spain. Yes, there has been some damage in Alberta,…

The U.S. and the UK are not the only countries suffering from a housing bust and a credit crisis. Ireland and Spain have had massive busts as well and it is only a matter of time before we begin to see effects on the banking sector. And…