A World Without Grossly Overvalued Assets

It's Friday desk clearing time for this blogger. "A claim by Fitch Ratings Service that the Texas housing market is the most 'overvalued in the country' and homes are selling for prices which are 'unsustainable' is being openly mocked by housing industry experts in the state. 'I think that's pretty...
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Everything Is Coming Off The Boil Very Quickly

The Daily Mail reports on the UK. "House prices are falling all over Britain as the property market ends the year with a whimper. The value of the average home fell in nearly a third of UK postcodes in the three months to November, according to property website Hometrack. In London, the...
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We’re Going To See The Market Tested

The Associated Press reports on Washington. "Savvy Seattle-area real estate agents have gained an advantage by paying attention to the growing connections between China and Washington state. 'I'm so glad my mother made me study Chinese,' laughed property broker Janie Lee, after showing a client...
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Where Home Prices Have Become Quite Dear

Bloomberg reports on Norway. "Norway’s government disregarded a recommendation from the nation’s financial regulator to boost the counter-cyclical buffer for banks by the end of next year to guard against housing market and debt risks. Plunging crude prices are damping growth prospects for western...
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For Real Estate, The Winter Is Coming

It's Friday desk clearing time for this blogger. "Orlando is primed to see an exodus of investors who bought thousands of houses in the area during the downturn, according to RealtyTrac. Winter Park real-estate agent David Welch has helped cash investors purchase Orlando-area houses in recent...
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It Is Turning Out To Be A Disaster

The Manteca Bulletin reports from California. "Folks who can only afford $500,000 homes are riffraff. Sounds crazy? It doesn’t if you are in Pleasanton and are among those speaking out against plans to build more affordable housing in the community of 70,000 where the medium income household income...
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Rapid Growth And Uncertain Collateral

A housing bubble report from Wall Street to Washington. Bloomberg, "The largest U.S. banks have lowered their standards for some of the riskiest lending in a sign that weak underwriting is returning to levels seen before the 2008 financial crisis, according to a regulator's report. The banks have...
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What Would Have Been Unthinkable

Bloomberg reports on the UK. "Bank of England Governor Mark Carney said the selloff in emerging markets may worsen, posing the risk of higher borrowing costs and weaker growth in core markets. Even as U.K. banks’ exposure to Russia is 'very modest,' and ties between the two countries 'relatively...
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