Most U.S. portfolio managers seem to view the EU sovereign debt crisis as they would a pesky mosquito that refuses to fly away. If only the mosquito would leave, the asset managers could concentrate on the U.S. where the economy is said to be showing so much improvement and stocks are incorrectly perceived...
Read More »
Long time readers know that I believe the National Association of Realtors reporting and analysis of the housing market is a joke, or it would be if the impact on the lives of those who listened to them were not so tragic. Turns out that their sales data was extremely inflated. Ya Think?
Read More »
"we see very few indicators that any recovery in the housing market has begun." -Ara K. Hovnanian
Read More »
The Case-Shiller housing price index was released today. It showed an increase of 1.1% in June, but in looking closer it was mostly a seasonal effect...
Read More »
From Calculated Risk we see that housing supply is still going in the wrong direction. Housing prices are likely to go lower which means more defaults and more supply (wash, rinse, repeat.)
I know we keep hearing from many quarters that stocks are cheap. We disagree vehemently and today we bring you an expert witness. Having called the last few bubbles economist Robert Shiller discusses why he believes stocks are at least 40% overvalued and Real Estate could fall in real terms (meaning adjusted for inflation) another 25%. Click read more to see second video. Hat tip: Prag Cap
38% of them to be exact, and 10.9 Million homeowners overall.More Homeowners With Second Mortgages Are Underwater – WSJ.com.
Read More »
On the heels of last weeks delightfully mixed bag of employment data (job creation looks like it may be out of reverse and into neutral) we get some new housing data. There the signals are more disquieting, if expected (at least by me.) The housing market may now be heading back down. The interesting...
Read More »
via businessreport.com Emma James of the Baton Rouge Business Report interviews myself, Mike Patton of Integrity Wealth Management (a pretty good egg from what I know of him) and Professor Kelley Pace of LSU on the subject of Real Estate Investment Trusts (REIT’s.) I think she does a pretty good job on what is...
Read More »
We keep hearing about positive signs month after month, but the latest data on the housing markets shows the pace of declines has been accelerating and widening, not slowing down. In my opinion this is good. The decline in prices of overvalued assets is a good thing, whether houses, stocks or debt. The problem...
Read More »
Thanks to Barry Ritholtz I found this analysis from Vladimir Klyuev at the IMF, What Goes Up Must Come Down? House Price Dynamics in the United States. While I have been of the opinion we have a good ways to go, I think these charts are pretty telling. I don’t see anything here to...
Read More »
You may remember the website we discussed back in January. Dale Franks just discovered their program, because they now are on Television. He asks the obvious question: So, should the mortgage companies get off scott-free from facing the results of their poor business decisions when it comes to the loans—loans they shouldn’t have made...
Read More »
We should start out with some humor: A robber in a ski mask blamed the bank for what he was about to do, The Associated Press reported Feb. 22. “You took my house, now I’m going to take your money!” the assailant hollered. Talk about a reverse mortgage! The FBI plans to review the...
Read More »
The recent downturn from the high in October has led to a great deal of chatter about the markets being cheap. That the recent turmoil has presented us with wonderful buying opportunities based on valuation. Readers here know that I disagree, and vehemently. Which doesn’t mean there isn’t money to be made as speculators....
Read More »
Finally it is the long-term investor, he who most promotes the public interest, who will in practice come in for most criticism, wherever investment funds are managed by committees or boards or banks. For it is in the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of...
Read More »
Baton Rouge Towne Center is being listed for sale: A Dallas company is listing the Towne Center at Cedar Lodge retail center as an investment opportunity. Holliday Fenoglio Fowler is marketing the 358,000-square-foot shopping center as a trophy asset, noting that the retailers in Towne Center such as Whole Foods, American Eagle Outfitters and...
Read More »
Paper Economy has taken a close look at what it will take to get inflation adjusted housing prices in Massachusetts back to trend over a five year period. It should be noted that for this to happen sooner the decline would have to be deeper (due to inflation doing less of the work for...
Read More »
If you are interested in joining our mailing list, please submit your email below.
