On December 17th, 2008 Jim Cramer pronounced that the housing bottom will be in by June 30, 2009.
http://nymag.com/news/business…
Cramer article
The housing market, and by extension, the economy, is trying to heal itself despite the self serving efforts of Washington and various state moratoria.
http://themessthatgreenspanmad…
http://www.housingwire.com/200…
http://www.sfgate.com/cgi-bin/…
http://www.bloomberg.com/apps/…
http://www.housingwire.com/200…
http://www.thetruthaboutmortga…
http://www.thetruthaboutmortga…
http://www.thetruthaboutmortga…
Mr Mortgage
http://www.fieldcheckgroup.com…
Foreclosure Mod Sham
http://mandelman.ml-implode.co…
http://theautomaticearth.blogs…
The real story, the one the headline conveniently hides, is that homes sales are down 3.6% from a year ago, and that prices in the same period fell 16.8%. And those are numbers from the NAR, an organization known for and set on bending both reality and the numbers that come with it until they will bend no more.
http://themessthatgreenspanmad…
http://finance.yahoo.com/loans…
Paper Avalanche
http://online.wsj.com/article/…
Fannie Mae reported a steep increase in the percentage of home mortgages with overdue payments.
The government-backed mortgage investor said in a monthly summary released Monday that 3.42% of the single-family mortgages it owns or guarantees were 90 days or more delinquent in April, up from 3.15% a month before.
Fannie’s main rival, Freddie Mac, reported last week that its single-family delinquency rate for May was 2.62%, up from 2.44% in April.
Jay Brinkmann, chief economist of the Mortgage Bankers Association, said delinquencies probably won’t start to decline before the second half of next year. Prime loans now are the biggest source of growth in foreclosure starts.
http://finance.yahoo.com/tech-…
Good news! The rate of the price decline in the housing crash has finally begun to ease.
Bad news! Prices are still falling 18% year over year.
As of April 2009, average home prices across the United States are at similar levels to where they were in the middle of 2003. From the peak in the second quarter of 2006, the 10-City Composite is down 33.6% and the 20- City Composite is down 32.6%.
http://www.ritholtz.com/blog/
good graph
http://www.bloomberg.com/apps/…
Delinquencies Double on Least-Risky Loans