housing bubble - Articles

Homes Lost to Foreclosure Hit 6-year Low Last Year

Alamy By ALEX VEIGA LOS ANGELES -- The number of U.S. homes that got started on the path to foreclosure fell last year to a low not seen since before the high-flying days of the housing boom, the latest evidence that the threat of foreclosures continues to diminish. Lenders also took back the fewest number of homes last... Continue Reading »

Los Angeles Sues Bank of America, Alleging Mortgage Discrimination

AP LOS ANGELES -- The Los Angeles city attorney is suing Bank of America for mortgage discrimination it claims led to a wave of foreclosures that cost the city a fortune in extra expenses and lost taxes. The suit, filed Friday in federal court, claims B of A redlined minority neighborhoods for years, then turned around... Continue Reading »

Home Values in Big Cities Took Biggest Hit in Recession, Study Says

The Associated Press By Christine DiGangi Median home values took a hit across the U.S. following the recession, particularly in the most populated areas of the country. In fact, only 4 of the 50 least populous counties saw significant slides in median home values in the years following the recession, compared to 43... Continue Reading »

More See Homeownership for the Middle Class as Less Likely

Shutterstock By Christine DiGangi Fewer Americans believe homeownership is attainable for middle-income consumers, according to the latest Country Financial Security Index. Perhaps Americans have adopted a more pessimistic outlook lately, or maybe the economic events of the past several years have caused us to expect... Continue Reading »

5 Years After the Housing Bust, Market Still on the Mend

Justin Sullivan / Getty Images By Kathryn Buschman Vasel It's been five years since the financial system collapsed and the housing bubble burst, and it's been a long road to recovery. The housing market has only been on the mend over the last year, and according to experts, it still has some healing to do. "There are... Continue Reading »

Risky Adjustable-Rate Mortgages Are Starting to Make a Big Comeback

Getty Images The dramatic rise in interest rates that has occurred over the past two months has had a big impact on the mortgage-loan market. Rates on standard 30-year mortgages have gone from below 3.5 percent as recently as late April to well above 4.5 percent currently, according to Bankrate, significantly increasing... Continue Reading »

China's Real Estate Market: A Bubble About To Burst?

#fivemin-widget-blogsmith-image-262539{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-262539, #postcontentcontainer #fivemin-widget-blogsmith-image-262539{width:570px;height:411px;display:block;} China's housing bubble may be ready to pop if the government doesn't take measures to prevent it, some... Continue Reading »

Trulia: It's Still a Housing Rebound, Not a Bubble

Home prices today are rising nearly as fast as they did during the peak bubble years of 2005 and 2006. Since that bubble helped push us into the Great Recession, we should all be on high alert for the next housing bubble. To track whether home prices are in or nearing bubble territory, today we introduce Trulia's Bubble... Continue Reading »

Is Canada's Housing Market Falling Apart?

By John Carney Last summer, a Vancouver real estate agent named Keith Roy sold his house. About a month later, he wrote a blog post about it -- and set off a firestorm of criticism from fellow real estate agents. "I'm a Realtor and I sold my own home 4 weeks ago. It wasn't too big or too small. It's only 6 years old... Continue Reading »

Why the Fast Rise in Home Prices Doesn't Equal a Bubble

#fivemin-widget-blogsmith-image-642253{display:none;} .cke_show_borders #fivemin-widget-blogsmith-image-642253, #postcontentcontainer #fivemin-widget-blogsmith-image-642253{width:570px;height:411px;display:block;} By Diana Olick A fast rise in U.S. home prices has some in the housing market murmuring the dreaded... Continue Reading »

Cities Where Housing Bubbles Could Be Starting to Form

There are rumblings in the real estate world about whether we're entering another housing market bubble. We took a look recently at California and whether some frenzied homebuying activity there is a sign that a bubble is returning. The consensus remains that, on a national level, no, we are not in a housing bubble --... Continue Reading »

Is California's Wild Housing Market a Sign of a Bubble?

California is the comeback kid of the housing recovery. Though home prices are making annual gains not seen since 2006, The Golden State sticks out as one where they are on a startlingly dramatic swing upward. California prices have posted double-digit hikes on a year-over-year basis for eight consecutive months. In other... Continue Reading »

4 Current Myths About the Real Estate Market

There's a lot of chatter about the real estate market. A lot of people are saying the housing recovery is moving full steam ahead. Then there are others who warn we're getting into another housing bubble, which could end disastrously once again. Still others say -- no, wait! -- a housing slowdown is imminent. A lot remains... Continue Reading »

Another Housing Bubble? Recovery Shows Dangerous Signs, Reports Say

It's impossible to ignore the increasingly loud cheers: The housing recovery is in full swing! Just on Monday, CoreLogic reported that home prices increased more than 8 percent year-over-year in December -- the largest gain in six years, when the boom was at its height. Home sales recently have been the strongest we've... Continue Reading »

Home Asking Prices Log Biggest Year-Over-Year Jump Since Recession

By Jed Kolko In August, home asking prices rose 2.3 percent year over year, the largest annual jump reported yet by online listing service Trulia's Price Monitor and the largest year-over-year increase since before the recession. Excluding foreclosures, asking prices rose nationally 3.8 percent year over year. The... Continue Reading »

Underwater Homes: Top 10 States With the Most Negative-Equity Mortgages

Underwater mortgages have plagued the housing market since the housing bubble burst in 2006. Rapidly declining prices meant that homeowners started to owe more on their mortgages than their homes were worth. This can lead to short sales, foreclosures, and a serious blow to a households' net worth. CoreLogic released... Continue Reading »

'Facebook Effect': Palo Alto Home Prices Up, Inventory Down

Mark Zuckerberg may have been content renting a modest bungalow, but chances are the coming wave of Facebook millionaires have something more grand in mind. At least that's the thinking behind the so-called "Facebook effect"-- the anticipated demand for high-end housing following the company's May IPO. Since the beginning... Continue Reading »

Bernanke: Housing Still Hurting Consumer Spending

WASHINGTON -- Ben Bernanke says declines in home prices have forced many Americans to cut back sharply on spending and warns that the trend could continue to weigh on the economy for years. The Federal Reserve chairman drew the connection between home values and consumer spending, which fuels 70 percent of economic... Continue Reading »

State AG Sues Fannie and Freddie for Answers

SAN FRANCISCO -- California's attorney general filed lawsuits against mortgage giants Fannie Mae and Freddie Mac on Tuesday, demanding that the companies that own some 60 percent of the state's mortgages respond to questions in a state investigation. Attorney General Kamala Harris, whose office filed the lawsuits in San... Continue Reading »

House Flippers Inflated the Housing Bubble, Report Says

LAS VEGAS -- A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bubble that led to record foreclosures and sent economies plummeting in Nevada, California, Arizona, Florida and other states. Researchers with the Federal Reserve Bank of New... Continue Reading »

Victims of Robo-Signing: Fight the Machine!

With the national foreclosure settlement ramping up, victims of the housing crisis may finally be getting some satisfaction. Starting this week, more than 4 million homeowners who faced foreclosure between 2009 and 2010 may be able to get their cases reviewed to determine whether their lenders engaged in robo-signing and... Continue Reading »

Home Prices in Silicon Valley: Hot, Hot, Hot

High-tech IPOs like LinkedIn's and the much-speculated-upon Facebook offering are driving up real estate prices in Silicon Valley to pre-bubble levels, reports Bloomberg News. Newly-minted millionaires -- and those who hope to be -- are flocking to the area, starting bidding wars at a time when the rest of California's... Continue Reading »

Real Estate Rich, Cash Poor Struggle to Stage Homes for Sale

Do you have friends that love to go out with you, but never invite you to their home? How about neighbors who are super-nice in the yard, but never let you in the house? Don't worry. It isn't you, it's them. They are hiding a secret that has been kept for years by many homeowners, but the economic decline is causing the... Continue Reading »

Housing Blues Makes Renting Red Hot

Did you participate in any "Psychology 101" experiments in college? In the name of science you're asked to complete a task. Meanwhile, the researchers track other aspects of your behavior and try to establish greater understanding about human nature. Most experiments are designed so you aren't even aware of what the... Continue Reading »

The Right Mortgage for Every Lifestyle

Who has the cash to buy a house in full? Hardly anyone. And that's why mortgages play such an important role in making homeownership a more attainable dream for more people. But that's not how many consumers looked at mortgages in the heat of the housing bubble. Too many consumers started to think of mortgages as just... Continue Reading »

Greenspan's 'No Housing Bubble' Prediction, 5 Years Later

This week marks the fifth anniversary of then-Federal Reserve Chairman Alan Greenspan's observation that there was no housing bubble to worry about: "Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home... Continue Reading »

Home Prices to Rise Average of 5 Percent Annually (If We're Lucky)

Home prices are likely to rise. Maybe not today, maybe not tomorrow, but soon and, on average, for the rest of our lives, according to one reading of a common sense report from the Citizens Housing Planning Council (CHPC). Is this news? For a lot of people, the answer is yes. The report reminds us of an old rule of... Continue Reading »

Cell Exec's Dream Chateau Becoming Nightmare

One writer has deemed it the "best little teardown in Texas." Champ D'Or at 1851 Turbeville Road in Denton could truly be the icon of housing-bubble, trophy-home excess. The 34,800-square-foot mansion set on 119.2 acres waaay north of Dallas, was completed in 2002, put on the market a year later and is still seeking a... Continue Reading »

Housing Bubble Was Whose Fault? Not the Fed's, Says New Study

Don't blame the Federal Reserve for the country's housing troubles. At least that's what a controversial new study claims. Economic researchers from Harvard's Kennedy School and the Wharton School of the University of Pennsylvania believe they've proved that reduced interest rates and lax regulations were not the primary... Continue Reading »

Regulators Who Watched as Crisis Built Collected Cushy Bonuses

Where were you when the housing bubble was building to crisis proportions? Some government regulators were counting their bonuses, it appears. The Associated Press, which filed a Freedom of Information Act request to obtain government payroll data, found that during the boom years of 2003 - 2006, as the crisis was being... Continue Reading »

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