Posts Tagged ‘Housing’

A New Program To Attack Underwater Mortgages

The Obama administration is, if nothing else, persistent in its efforts to turn around the housing market. The WSJ has the details on the next tilt at windmills which they will roll out on Tuesday: The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners who owe more […]

Is It Time To Relax Frannie’s Underwriting Criteria?

Like Felix Salomon, I’m left a bit puzzled by the statements Joe Nocera makes in his piece in the NYT today with regard to the housing market. He suggests, without offering any specifics, that more homes would be going into the hands of investors were it not for government policies that makes it difficult for […]

The Latest Round Of Housing Fixes

If insanity is properly defined as doing the same thing over and over again while expecting different results, then the Obama administration would seem to be fairly described as a group of lunatics. Housing Secretary, Ray Donovan, said this morning that they have more tricks up their sleeves to turn around the housing market. According […]

Rental Costs Increase Despite A Housing Glut

The WSJ reports that since April 2006 the cost of renting a house is up 12%. The natural tendency of people to defer purchasing a home in uncertain economic times as well as the conversion of owners to renters as the walked away from their homes has led to increased demand for rental property and […]

Homebuyer Tax Credit And Home Prices

Here’s a couple of quick takes on housing. Reuters reports that the House has extended the deadline for collecting the homebuyer tax credit from June 30 to September 30. The Senate is expected to follow suit. Expect lots of contracts to be backdated. There doesn’t appear to be any way to kill this thing. Don […]

Congress Feels The Need For More Houses

The chart above is from Calculated Risk and shows, obviously, the enormous supply of single family housing currently held for sale by various financial entities. Knowledgeable readers will recognize that this is not the whole story given the large number of anticipated foreclosures, condominium units that don’t make it into a lot of the official […]

Doom And Gloom Rules Housing Commentary. Too Much Perhaps?

Just a few minutes to blog this evening, so I’ll zero in on Diana Olick’s column today almost promising a double dip for housing. She correctly interprets today’s news about the increase in the April Pending Home Sales index (basically contracts signed but not yet closed for existing homes) as yesterday’s news. Everyone knew it […]