property

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…

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.…

I have posted a few times on the problem surrounding an imminent writedown wave for commercial real estate (CRE) and construction loans in the US. A few days back, I had intended to post more about regionals. The Wall Street Journal had a…

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…

The bad news in the financial sector keeps coming. Today, the news is about National City, a Cleveland-based regional bank in the US. The Wall Street Journal reports that the Office of the Comptroller of the Currency (OCC) has put Nat…

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…

Calculated Risk is reporting a huge decline in household wealth due to the deflating housing bubble."The Fed released the Q1 2008 Flow of Funds report today: Flow of Funds. The Fed report shows that household real estate assets decreased…

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…