rates

Real Estate Bubble Popping, Housing Starts and Building Permits Tumble

by Joshua Dorkin | November 17, 2006

CNBC is reporting this morning that US Housing Starts declined in October 14.6% to the lowest level in 6 years, while building permits were down a whopping 6.29%. Guests on the network, James Wilson and Jan Hatzius (Goldman Sachs Economist), predicted that housing will be a drag on GDP in ’07. Hatzius attributed the problem [...]

1 comment Read the full article →

Housing

Real Estate Speedlinking

by Joshua Dorkin | November 8, 2006

Phoenix home resale market down 41% from last year, but up slightly from previous month. Home Depot is offering a 10% discount this weekend to military personnel and veterans. Low interest rates have led to a surge in mortgage refinancing applications last week. One New Foreclosure Filing for every 1,122 U.S. Households. Two of the [...]

0 comments Read the full article →

Economy

An Unexpected Rise In Housing Starts;Some Say Slump May Be Near Bottom

by Charles Feldman | October 22, 2006

By definition, news is –well–about new and sometimes unexpected things. Such is the case apparently with U.S. housing starts which surprised some experts by rising last month by an estimated 5.9%, according to a Commerce Department report. Bob Willis,writing for Bloomberg and reported in the Detroit Free Press, says some believe “the housing slump may [...]

1 comment Read the full article →

Housing

U.S. Home Prices in Sharpest Decline on Record

by Joshua Dorkin | September 5, 2006

In the second quarter of ’06 home prices crept upward, but slowed considerably from ’05, reports Bloomberg Prices for single-family homes rose an average of 1.17 percent during the quarter, compared with 3.65 percent growth in the second quarter of 2005. The drop was the biggest since the agency began keeping records in 1975. The [...]

3 comments Read the full article →