property

When lenders violate the U.S. federal lending disclosure laws, they may get stuck with the loan losses. This is the case now being argued before the courts in Wisconsin, with major implications on the number of cases to be filed and the…

According to the Wall Street Journal, Denmark has slipped into recession because of falling house prices. Denmark saw a fairly head rise in house prices during the bubble (58% appreciation from 1997-2005). Since that time, house prices…

Nationwide, the UK building society, announced today that house prices in the UK fell 0.9% in June. As the worry about the international credit crisis has expanded, the UK has moved centre stage in terms of concern over house prices. As…

I ran a short poll over the last week and the results are in. Readers at Credit Writedowns expect house prices in the U.S. to fall well in excess of 30%. From where I sit, this makes a lot of sense (I voted too: for a 30-50% fall). If…

In Ireland, the papers are very much focused on how to deal with the bust after the boom. In the wake of the big fat no on the Lisbon Treaty and after 15 long years of upswing, it is readily apparent to anyone that the bust is happening.…

Today's economic data releases were for durable goods and new home salesDurable GoodsStrong export growth has been keeping U.S. factories busier than they would normally be during a period of falling domestic demand. Orders had fallen for…

Last month I looked at the twenty cities in the Case-Shiller composite index to see how far back in time we had to travel to see equivalent prices in all of the twenty cities covered. Some markets saw slight upticks in prices in April,…

As Ireland faces a recession after a fifteen-year property boom, it has come to light that the government have been caught out and doesn't have the enough funds to support the economy now that the boom has gone bust. The Irish Independent…

These are the picks of the day according to an article about what international investor Marc Faber is looking at. Despite the article's bullish call on commodities, I know that Faber is on the record as saying that oil is due for a…

From the Case-Shiller PDF release today.Steep Declines in Home Prices Continued in April 2008 According to the S&P/Case-Shiller Home Price IndicesNew York, June 24, 2008 - Data through April 2008, released today by Standard & Poor's…