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Home Prices Edge Downward
Keywords:
U.S home prices declined by 3.9% for the third quarter compared with the prior year, according to the S&P/Case-Shiller index of 20 major metropolitan areas. Prices are expected to be affected by an increase in foreclosed properties put by the banks for sale in coming months. Affordability has increased as prices are down by 31% from the 2006 peak and mortgage rates are at 4%. Yet as one appraiser puts it the problem remains one of tight credit and strict mortgage lending standards, and further home price declines could depress the market.
U.S. Banks and falling housing prices - 2011-2012
09/05/2010
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Top Banks Confront Leaner Future by Cutting Jobs
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"Extend and pretend" in the U.S. banking industry- 2010-2012
07/16/2011
The large losses that still remain to be taken by the banking industry as housing prices face further decline. This includes losses on the first mortgage and on second liens. Second liens refer to home equity lines of credit.
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/2011
New York Times 08/22/2011
Book portrays dysfunction in Obama White House - The Washington Post
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To Fix the Housing Crisis, Read the Data
New York Times 11/04/2011
Wall Street Journal 11/30/2011
U.S., Banks Agree on Foreclosure Pact
Wall Street Journal 02/09/2012
Nouriel Roubini on large housing losses for the U.S. economy in 2011-2012
12/07/2010
Estimates of $1 trillion in housing losses spread over banks, Fannie and Freddie, as a new wave of foreclosures hits the U.S. economy.
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A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Dr Doom Predicts Another $1 Trillion in Housing Losses in 2011
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Wall Street Journal 12/29/2010
Housing Market Is Still Facing a Blizzard
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Rise in Rates Is Headwind for Housing
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Number of the Week: Government’s Overwhelming Role in Mortgages
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Foreclosures and unemployment in the U.S.
05/04/2009
The Obama administration foreclosure relief programs were designed for subprime lending situations and not for the high unemployment. As a result few unemployed homeowners have benefitted.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
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New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
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U.S. housing prices: 2010-2013
09/05/2010
Grouped Articles
Wall Street Journal 05/02/2013
Housing Rebound Grows as Prices Climb Sharply
Wall Street Journal 05/09/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
In struggling housing market, buyers and sellers are out of sync
Washington Post 09/05/2010
Krugman on the Obama Administration, banks, settlements and the U.S. foreclosure crisis in 2011
01/02/2009
Failure of the Obama administration to reduce foreclosures and help homeowners. A worsening foreclosure situation leads to a continuing decline in housing prices and hampers an economic recovery in the U.S. This is something Martin Feldstein grasped very early during the 2008 financial crisis and made proposals for helping homeowners under water.
Grouped Articles
Washington Post 09/06/2011
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Plunge in Home Sales Stokes Economy Fears
Wall Street Journal 08/25/2010
Wall Street Journal 12/31/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
U.S. unemployment and foreclosures- 2011-2012
05/04/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
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