“For me a double-dip is another recession before we’ve healed from this recession … The probability of that kind of double-dip is more than 50 percent. I actually expect it.” Professor Robert Shiller, July 27, 2010 (via Reuters: Chance of Double-Dip US Recession is High: Shiller ) Now that…
Note: Usually I don’t post all the regional manufacturing surveys, however with the inventory adjustment over, export growth appearing to slow, and domestic consumer demand sluggish, these surveys might provide a hint of weakness in the manufacturing sector. From the Richmond Fed: Manufacturing Activity Moderates in July; Expectations Slip In…
The Census Bureau reported the homeownership and vacancy rates for Q2 2010 this morning. Here are a few graphs … Click on graph for larger image in new window. The homeownership rate declined to 66.9%. This is the lowest level since 1999. Note: graph starts at 60% to better show…
On Monday we showed cities with high and low shares of distressed properties in the Orange County market, according to a bi-weekly analysis by Steve Thomas of Altera Real Estate. Here are all cities: . City Active Listings Foreclosures & short sales % of Active Listings Aliso Viejo 220…
IMPORTANT : These graphs are Seasonally Adjusted (SA). S&P has cautioned that the seasonal adjustment is probably being distorted by irregular factors. These distortions could include distressed sales and the various government programs. S&P/Case-Shiller released the monthly Home Price Indices for May (actually a 3 month average). This includes…
The following article discusses both new and existing home supply. Here is a short excerpt on new homes … From Robbie Whelan at the WSJ: Supply of Homes Set to Grow Home builders … are stuck with thousands of acres that are prone to lose value as the market struggles.…
From July 1st, ASIC formally
Earlier (with graphs): New Home Sales: Worst June on Record I haven’t checked in with Jim for some time. This 800 sq ft REO is “cheap”?
Read more here – Jim the Realtor: Beach Cheapie?
Orange County’s inventory of foreclosed homes and short sales has grown the most this year in the past 2 weeks, says Steve Thomas at Altera Real Estate, who does a bi-weekly analysis of the local real estate market. He says: “The active distressed inventory grew by 150 homes over the past…
The Federal Trade Commission has issued warnings to 18 websites offering “free” credit reports and pokes a little fun at some of these providers popular advertising. The FTC’s press release, announcing the warnings, states its expectations that each of these advised websites more clearly disclose the consumer’s right to a…