An Interesting Article On Housing Prices

I came across an interesting Fortune Magazine story dated February 16 titled “Where’s housing headed? Follow rents.”  The link can be found here. Of course, given my previous posts on residential real estate I don’t agree with many aspects of the story, especially the statement “Given that analysis, it’s likely that prices will fall another …

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Fannie Mae And Freddie Mac Situation

An article in yesterday’s Wall Street Journal presents a thorough summary of the situation at Fannie Mae and Freddie Mac.  The article is titled, “No Exit in Sight for U.S. As Fannie, Freddie Flail.”  Here is the link to the story: http://online.wsj.com/article/SB10001424052748704362004575001042824028862.html?KEYWORDS=no+exit+in+sight+for+us I’ve commented extensively on the U.S. real estate situation, and the national attempts …

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A Classic Article Revisited

One of the classic articles of the housing bubble is “America’s House Party” from Time Magazine, June 2005.  It really provides a flavor of the period, as well as provides a perspective of a bubble environment. Here is the link: http://www.time.com/time/magazine/article/0,9171,1069097,00.html   SPX at 1032.81 as this post is written

“Underwater” Mortgages and “Strategic” Defaults

This article caught my interest; it is titled “About half of U.S. mortgages seen underwater by 2011”: http://www.reuters.com/article/companyNewsAndPR/idUSN0526831020090805 Apparently their projections for “underwater” mortgages is based upon their forecast quoted in the article: “Covering 100 U.S. metropolitan areas, Deutsche Bank in June forecast home prices would fall 14 percent through the first quarter of 2011, …

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