A Radical Oversupply Of Mortgage Debt

It's Friday desk clearing time for this blogger. "Debbie Cooley-Guy bought the home in a suburb west of Tampa for $637,000 in 2002. Seven years later, after the economy tanked, she sold it for less than she owed on her mortgage to avoid foreclosure. As a mortgage loan originator herself, she should...
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Consumers Believe Their Home Is An Investment

A report from CNN Money. "Home Depot on Tuesday revealed it experienced a record number of transactions in the last three months. On average, shoppers spent more than at any point since 2006 and sales at stores open for a year or more jumped 6%. All of that suggests Americans are ramping up...
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Taking A Hit Because Of The Housing Bubble

The Independent reports from the UK. "With its forest of cranes and mushrooming show apartments, Battersea remains outwardly the buzzing epicentre of the property boom that has turned London into Britain’s very own Monaco. But if the rumblings from within a circle of brokers and investors involved...
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An Itch That Won’t Go Away

CBS DFW reports from Texas. "When Erika Williamson originally moved to Downtown Dallas in the late ’90s, she was a trailblazer. Today, she’s joined poolside on the 9th floor of her Main Street loft building with others walking their dogs or improving tans. 'This is a neighborhood now,' proclaimed...
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The Fourth Straight Year Of Housing Market Happiness

A weekend topic on lending. "RealtyTrac released its Q2 2015 U.S. Residential Loan Origination Report, which shows that 1,950,267 loans were originated on single family homes and condos in the second quarter, up 22 percent from the previous quarter and up 23 percent from a year ago to the highest...
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A Fascination With A Fiction

It's Friday desk clearing time for this blogger. "Texas home prices are still out of whack with most big city markets overvalued, according to Fitch Ratings. Looking across the country, prices are most overvalued in Austin, by 20.6 percent, and Reno, Nev., 20.2 percent. Prices in San Antonio are...
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A Bit Of A Rough Patch

The Edmonton Sun reports from Canada. In June, this column reported on Metropolitan’s Edmonton’s 'Goldilocks' economy, which, despite the calamitous drop in oil prices, continues to chug along. But if oil prices stay low, City of Edmonton chief economist John Rose warned at the time, 'we could be...
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Do Sellers Feel Some Sense Of Anxiety?

The Sun Sentinel reports from Florida. "South Florida home prices posted steady gains in the second quarter, but slower growth would be better for the housing market long term, according to a new report. Two Florida markets, Palm Bay and Port St. Lucie, led the nation with single-family price...
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Acche Din Should Be On The Way

Reuters reports on Brazil. "The Brazilian real estate market is witnessing a drastic reversal from four years ago, when an economic boom lifted millions into an expanded middle class and fueled a home-buying frenzy that pushed prices up by as much as 30 percent on an annual basis. At the time,...
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