Housing Market News, Recovery or Crash? US Housing Update.com

Housing Market News: The latest real estate & housing market news, analysis, price trends, statistics, charts, data, invester tips, predictions & more.

 

Behind the Housing Numbers & Daily News
Starting in 2004 we began warning you about the housing bubble & the falling home prices that would soon follow..
Now, going into 2010 the housing market faces a 2nd correction soon to come. 
Don't say you were not warned!

 

Latest Housing News Home Inventory Tracker   Top 10 Reasons For Housing Crash  ■  Previous Bubbles and Market Crashes 
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USA: Nationwide
Median Home Price
30-Year History:
(includes new homes and resale)
Source N.A.R.
see chart

  2010  $183,700* 
(*as of May 2010)
 2009  $177,900

 2008  $183,300
 2007 
$217,900
 2006  $221,900
 
2005  $219,000
 
2004  $195,200
 2003  $180,200
 2002  $167,600
 2001  $156,600
 2000  $147,300
 1999  $141,200
 1998  $136,000
 1997  $129,000
 1996  $122,600
 1995  $117,000
 1994  $113,500
 1993  $109,100
 1992  $105,500
 1991  $102,700
 1990   $97,300
 1989   $94,600
 1988   $89,300
 1987   $85,600
 1986   $80,300
 1985   $75,500
 1984   $72,400
 1983   $70,300
 1982   $67,800
 1981   $66,400
 1980   $62,200
 1979   $55,700
 1978   $48,700
 1977   $42,900
 1076   $38,100
 1975   $35,300
 1974   $32,000
 1973   $28,900
 1972   $26,700
 1971   $24,800
 1970   $23,000
 1969   $21,800
 1968   $20,100

Housing Bubble & economy Links

Inventory Tracker
See the inventory for several major metropolitan areas across the U.S.
(Housing Bubble Charts - internal link)

90's bust vs. current bust price tracker: Southern California

Bull! Not bull!

Craigslist Housing Forum

Economic Despair - Blog

House data Charts
30 year housing price charts for every major city in all 50 states!

Housing Bubble Casualty

Housing Panic (blog)

Paper Economy
A real estate bubble blog

Piggington's  Southern California Collapse - o - Meter

charles hugh smith-Weblog and wEssays

Housing News
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The Latest Housing News

From Across the USA!
 
 

May 27, 2010


Amityville Horror House on Market for $1.15 Million
Zillow.com

Home prices fall 3% in early 2010

CNNMoney
"The housing market may be in better shape than this time last year; but, when you look at recent trends there are signs of some renewed weakening in home ...

New Home Sales Boom, Foreclosures Loom

Housing Watch
The boom in new home sales does not show a healthy housing market that's ready to leap forward. After all, there are still roughly 6 million properties out ...

Mortgage crisis has slowed, not decreased

Bucyrus Telegraph Forum

More homeowners turn to mediation after foreclosure

USA Today - Jeff Schweers 
In Florida and Nevada, two of the states where the housing crisis has hit hardest, the rate was over 20%, the MBA said. Court-ordered mediation may be the ...

Freddie Mac Reports US Home Prices Declined 1.1% Over Last Four Quarters

Real Estate Channel 

Home Prices Have Further to Fall: Here's Why

U.S. News & World Report

HOA forecloses on woman over unpaid fees

WFAA

Homebuyer: HOA 'Unscrupulous' In Raising Fee

KPHO Phoenix 
Jon Stewart Buys Property in Red Bank, NJ
Zillow Blog
April 17,2010

Condo owners on hook for HOA fee

Arizona Republic 

5 Reasons US Property Values Will Fall In 2010

NuWire Investor

housing market can't shake foreclosures

Minneapolis Star Tribune

California's jobless rate hits high of 12.6% in March

Los Angeles Times 

Goldman Sachs Investor Made Billions on Housing Mess

Newser 

Foreclosures Rise Suddenly in First Quarter

Mortgage Rates & Trends

Foreclosure Pipeline Is Full to Bursting
According to realtytrac.com, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009.

Benzinga

Financial Regulators and Insiders had Foreknoweldge of the US Housing Bubble (Duh?)

The Market Oracle

Don't Bet the Farm on the Housing Recovery

New York Times

Housing Recovery Remains Anemic, Fitch Says

Housing Wire


New York Developer Must Refund Deposits to Luxury-Condo Buyers

Wall Street Journal

Ron Paul grills Ben Bernanke during JEC hearing

Liberty Maven
Wednesday, March 31, 2010

Waiting for the End: To the Housing Tax Credit

Motley Fool

Are Home Prices Headed for a Double Dip?

Housing Watch 

Housing Prices May Be Heading for a Double Dip

CNBC

Double-Dip Recession in Housing? How to Profit From Foreclosures

Investing Daily

Housing crisis turns some suburban neighborhoods into ghost towns

Los Angeles Times

Housing Recovery May Be In Jeopardy

NuWire Investor

Trump's new condo-hotel struggles to find buyers

Independent 

 

Homeowners balk as property tax bills stay high

USA Today

US house prices remain under pressure

Financial Times

Home Prices 'Double Dip' in 12 Cities, Zillow Says

BusinessWeek 
Thursday March 18, 2010


Housing Will Double Dip - Meredith Whitney

Seeking Alpha

 

The Next Wave Of The Housing Crisis: Much More Pain In 2010, 2011

istockAnalyst.com


Mortgage delinquencies at historic highs

Financial News USA
Tucson AZ Home Price Fall More
Median home prices slip to $150000; more foreclosures taken back by lenders

Exclusive: Mortgage delinquencies rise after Q4 plateau

Reuters 

Fed to End Mortgage-Purchase Program

Wall Street Journal

Is Warren Buffett Right About the Housing Market Recovery?

Wall Street Pit

Cool NYC Condo Just $1136!

Housing Watch 

Miami, Las Vegas still hardest hit with foreclosures and delinquencies

WalletPop

San Diego distressed housing market among the worst

San Diego Union Tribune

After Fed Support Ends, Will Mortgage Rates Spike?

HULIQ

Pay Your HOA Fees or they Will Take Your Home!
Woman Angry with HOA Lien Against Her Property

KRDO 

High Property Taxes? 4 Steps to Lowering Them

New York Times
Monday, February 1, 2010

Real estate prices will fall 12 percent nationwide in 2010
Property Values Projected to Fall 12% in 2010

Seeking Alpha

Housing Market Continues to Tumble Despite Recession Slowdown - FL

WOKV 

Coming Housing Double-Dip Confirmed!
There might be a double dip in home prices, which could feed through to the rest of the economy," he said, adding that housing still faces many hurdles. ...
Case-Shiller Index points to a double dip for home prices

Examiner.com

Valley homeowner grasping for ways to survive market crash - AZ

Arizona Republic 


Frank leads push to disband mortgage corporations

Boston Globe 

America's New Housing Crisis Capitals
By The Numbers: America's New Housing Crisis Capitals During the housing bust, while the effects of foreclosures and a crushing recession tore through real ...

Forbes

A Stalled US Housing Recovery May Keep a Lid on Mortgage Rates

Seeking Alpha

Buying a Condo: Now vs. Later - NY

New York Times

Housing, Banking Woes Point to Double-Dip

Seeking Alpha

Obama Housing Rescue Threatened by Foreclosures, Unemployment

BusinessWeek 
Wednesday, January 27, 2010

US Housing Softening

The Crow's Nest 
Many are expecting much more foreclosure driven supply hitting the market in the second half of 2010 which may limit any price appreciation. ...

Record High Foreclosures and Option ARM Resets

Wealth Daily

The Go-Nowhere Housing Market Recovery

Before It's News

Dean Baker: We're Still In a Housing Bubble

Wall Street Journal

Housing recovery could take a decade, economists warn

Washington Post

Housing Market: Even More Pain in Store?

FOXBusiness
Tuesday, January 26, 2010
NuWire Investor (blog)


Fannie and Freddie Are Dead.
What's Next?

Motley Fool 

Stakes are high as government plans exit from mortgage markets
After 2009, which saw the Fed and the Treasury put up almost $1.5 trillion to support the mortgage market in an attempt to stop the home sales free fall, both entities plan to withdraw that support in 2010...

Housing: Government as Casino Player

Seeking Alpha


Nic Cage's Vegas Home Hits Rock Bottom
Nicolas Cage
's foreclosed Las Vegas mansion has finally been sold -- for nearly $3.5 million less than the actor paid for it in 2006.

TMZ.com

Housing Bubble Still Bursting, Deficits Still Growing, China Not Yet Slowing & More

Before It's News

Economy flounders, despite the stimulus

CNN 


December house sales make unexpected drop

WBIR-TV

7 Things About The Economy Everyone Should Be Worried About

Yahoo! News
Monday, January 25, 2010

On the Way: 2nd Foreclosure Wave / Dying US Economy!

Do you remember that massive wave of subprime mortgages that defaulted in 2007 and 2008 and caused the biggest financial crisis since the Great Depression?  Well, the "second wave" of mortgage defaults in on the way and there is simply no way that we are going to be able to avoid it.
Economic Black Hole: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover
The EconomicCollapseBlog.com
2010 Real Estate Market Collapse - Prime Mortgage / Alt-A / Option ARM / Commerical - Investor Alert -

Arkansas housing market up 53%

Today's THV

$5.4B NY housing complexes go to creditors
The financially troubled owners of two massive apartment complexes that sold for a record $5.4 billion a few years ago said Monday they’re turning them over to their creditors.

Long Island Press

Backlog of foreclosed homes overshadows market recovery

Dallas Morning News

Florida's Double Trouble: Foreclosures and Unemployment

eCreditDaily.com 

A Message To Our Senate: Defeat Bernanke

Before It's News
Ben Bernanke caused, both directly and indirectly, the housing bubble and as a consequence the inevitable crash. He has refused to take actions that would ...

Foreclosed homes leave remaining owners to pick up the tab

Orlando Sentinel
President Jim Hart said that rising HOA fees are directly linked to the housing market. "Everything we do is driven by a budget that the association agreed ...
Friday, January 22, 2010

Million-dollar home sales off 11% in '09

OCRegister
 

Job losses push back housing recovery

Arizona Republic

Young buyers 'do not want' house price rise

LettingZone 

Bernanke Wants Even More God-Like Powers for the Federal Reserve
In real life, the Fed is the Federal Reserve -- a private, for-profit bank that is run by and mostly for other big bankers. But it's also its own, secretive branch of our national government.

AlterNet 

Rents in Sacramento region retreat to 2004 levels

Sacramento Bee

HOA Fees - A Mortgage that is Never Paid-Off - Video
If you're like a lot of folks, the one bill you really hate to pay -- and most don't even know where that money goes -- is your Homeowner's Association fee.
What can homeowners do about those nagging HOA fees?

KENS 5 TV

Hidden costs of condos

San Francisco Chronicle
January 21, 2010

Five Cities To Watch For Housing Double-Dip
Los Angeles, Boston, Cleveland, Baltimore, & Denver!

Forbes
These signs point to more foreclosures in 2010 than in 2009
... the report said. The states' report, based on data from 13 mortgage servicing firms, ...
No Plans for Mortgage-Principal Reductions
Wall Street Journal

Value of White House Drops by More Than $15 Million
Now before you go blaming Obama's health-care reform plan or his crackdown on Wall Street bonuses for the declining value, consider that the Zillow ...

CNBC

New FHA Mortgage Requirements: Party On!

U.S. News & World Report

Homebuilders Index Slips Again In January, Confirming The Housing Double Dip

The Business Insider 
Yet another sign that the housing recovery won't be V-shaped (and might even be double-dipping) comes to us courtesy of the National Association of Home ...

Appraiser: Home Prices Will Continue To Drop

WESH.com 
January 19, 2010
The Cities With The Fastest-Falling Home Values
Forbes
2009 Sets Foreclosure Record: 2010 to be Worse!
A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.
Record Year for Foreclosures as Unemployment Rises
ABC News
200 Bank Failures Expected in 2010
Infowars.com
California Housing Market to be Flooded in Spring
government program will offer other alternatives to borrowers who's loan modifications turn out ... 
FreeRateUpdate.com
Federal Reserve makes record $52.1bn profit
BBC
Mortgage Rates to Average 6% by End of 2010 Group
Housing Wire
Souring Mortgages, Weak Market Force FHA to Walk a Tightrope
Wall Street Journal 
Manhattan Condo and Co-op Prices Fall
International Business Times
Miami-Dade County Selling Foreclosures Online
New York Times
Foreclosure Walk-Aways: A Better Alternative to Mortgage Relief?
eCreditDaily.com


Ron Paul on Fox Business-Gov't and Fed to Blame for Economy

Opposing Views 

 

Wednesday, January 6, 2010
3 reasons home prices are heading lower
...most forecasts predict price declines in 2010, with possible losses ranging from anywhere from 3% on up.
Money.CNN

Don't Be Fooled by the Housing Market's False Bottom

Money Morning
U.S. Loan Effort Is Seen as Adding to Housing Woes
The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.
Infowars.com

Median sale price of Honolulu homes fell by 7.9 percent in 2009

Honolulu Advertiser 

Caught in the housing crash, Murrieta family nears losing it all

North County Times
Personal Bankruptcy Filings Rising Fast
The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and job losses.
Infowars.com
Low interest rates didn't cause the bubble, says Bernanke
Economic Times

If Fed Missed This Bubble, Will It See a New One?

New York Times

Top Home Buying Tips in 2010

ABC2 News

Modified loan on home can hurt

Asbury Park Press 

Foreclosures in 2010? More of the same

Bradenton Herald 


Pending home sales in November tumble

Los Angeles Times

 

Wednesday, December 30, 2009

Housing Market in 2010: The Idiocy Continues

Seeking Alpha

Bernanke Justifies Missing Housing Bubble By Pointing To Another Missed Housing Bubble

Firedoglake

Tampa Bay area home prices show worst decline

Sarasota Herald-Tribune

Vegas housing market shows no 'glimmer of hope'

Las Vegas Sun

Housing Predictor Announces Worst Markets in 2010

PR.com
Morgan Stanley Predicts 5.5% 10-Year Treasuries, 30 Year Mortgages at 7.5%
GlobalEconomicAnalysis

Obama to reinflate housing bubble

Washington Examiner 

Expect More Bailouts in 2010
Not surprisingly, FHA finances are spiraling downhill fast and warnings about a need for a bailout are already becoming louder. If somehow the FHA manages ...

Seeking Alpha

Bank failure tally reaches 130

CNNMoney.com
Tuesday, December 22, 2009

Home values to sink Further in 2010
He forecasts prices skidding to a bottom next year and slowly returning to last quarter's national median price of $170,700 -- in 2012
Housing market is expected to slip before full recovery

Detroit Free Press 

Chicago homeless crisis worsens with budget cuts, mass foreclosures

World Socialist Web Site

Full List: Cities Where Homes Are Losing Most Value

Forbes

What Happens to Housing's 'Turnaround' When Uncle Sam Backs Out?

Daily Finance 

Axiom that housing prices always rise is bogus

Salt Lake Tribune
Less than a year later, Greenspan, too, became nervous, diagnosing housing "froth" in some regions. But he predicted that even if prices declined, ...

Bank of America sells exec's house for substantially less than asking price

Seattle Times

Why Interest Rates Will Rise in 2010

Seeking Alpha

Person of the Year: Ron Paul

American Conservative Magazine
Tuesday, December 15, 2009

San Diego Home price Up-tick Ceases
Median home price holds steady in November

San Diego Union Tribune
San Diego County home prices held steady at a median $325000 for the fourth straight month in November, ...
American Dream 2: Default, Then Rent
WSJ.com
California house values likely to be down in 2010
Nctimes.com

FHA Troubles Are Likely to Curtail Demand

Monthly Review

 Another Down-leg in US Housing is Certain!
As readers here have heard regularly, it is absolutely certain that there will be another down-leg for the US housing market, beginning no later than spring ...
US Government's New Housing Bubble

Seeking Alpha (blog)

Ben Bernanke and Fed in crosshairs of left and right

Christian Science Monitor
“The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen,” Paul said in a July House ...

Lenders modify few loans under Obama plan

Detroit Free Press

Bank Failure Tally Tops 133 in 2009

Wall Street Pit (blog)
Tuesday, December 8, 2009

Millions More Are At Risk Of Foreclosure Than Anyone Realizes

The Business Insider

The Next Shoe to Drop in Residential Lending: FHA?

Huffington Post

How OC lender may have tricked investors
Is this like leading people to believe that RE home prices are improving because the median price is going up? Maybe this is more like reporting that ...

OCRegister (blog)

Home Sellers Slash Prices by $23953 in November

CNNMoney.com

The Bailout Was a Wealth Transfer Scheme
Rather than letting housing prices that had inflated beyond sustainability deflate, instead of letting a market of buyers and sellers arrive at some ... 

HoweStreet.com

Congressman Seeks to Uncover Housing Bubble Creator Secrets
A lonely voice against the Fed now leads a chorus

Washington Post

US property market facing further pressure in 2010, according to leading economist

Property Community 

5 Refinancing Killers ... and How to Avoid Them

CBS MoneyWatch.com
Monday, December 7, 2009

US home prices to slide further, may undermine economic recovery

The Australian

Homeowner bailout plan may not stop US housing market crash
The housing crash is not over,” he said. He expects the Case-Shiller index to reach the bottom in the third quarter of next year, after declining by 38 per ...

Why you're paying too much in property taxes

Atlanta Journal Constitution 

Bernanke: What Makes You Think the Current Recovery Is Sustainable?
With 25%+ of homeowners underwater, it's fair to say that the housing market would crash as rates shot up. I'm pretty damn sure the Fed will not end their ...

Seeking Alpha (blog)

Don't Buy a House Yet
True, the tax credits and low mortgage rates make buying a house tempting today. But if you buy into a slumping housing market, those incentives won't add up to much. So while the worst of the real estate decline is surely behind us, the odds are strong that you'll be able to buy later at the same price — or a lower one.
Yahoo! Real Estate

Mortgage modification program isn't stopping homeowner defaults

Daily Finance

By a Ho-Ho-Home:
Desperate Michigan Realtor Turns to Santa for Help!
But in this unprecedented housing market laden with foreclosures, underwater sellers and short sales amid a deep recession, he is pulling out all the stops. ...
West Michigan real estate agents taking on more than ever to see home sales through

Kalamazoo Gazette - MLive.com

Millions of homebuyers to pay more for FHA mortgages

Seattle Times
Friday, December 4, 2009
 

5 Reasons Home Prices Dropping Again in 2010
5 factors impacting 2010 home prices

Inman.com

Getting a Mortgage in 2010: 10 Things to Know

U.S. News & World Report

The housing crash is not over
US housing market meltdown not over yet: Zandi

Reuters

Ron Paul, Jim DeMint attack the Federal Reserve and Bernanke

Liberty Maven

Where US Homes Are Most Overpriced

Forbes 

When will the US debt bomb explode?

newjerseynewsroom.com 

Richest Counties In America (PHOTOS)

Huffington Post
Tuesday, December 1, 2009

Nearly 70 percent of Las Vegas homeowners underwater on mortgage

Las Vegas Sun

California $10000 tax credit proposal for new-home buyers gets buried
A California lawmaker's quest to extend the state's $10,000 tax credit to new-home buyers is officially dead

Stockton Record 

The Destruction Of The Inland Empire - Southern California

Huffington Post

Ben Bernanke Pleads to Keep His Job as Fed Chairman
You did not see a housing bubble, nor did you foresee a recession. I would also like to point out your selective memory loss about your role in bailouts. ...

The Market Oracle
The housing speculators return
Reuters

Foreclosure crisis far from over

WKOW-TV.com

Mortgage Delinquencies and Foreclosures Continue to Climb

ACA International 

Wells Fargo Chief Economist Predicts More Trouble for Housing Market
Wells Fargo’s chief economist, John Silvia, predicts that the housing market in the United States will likely weaken in the months to come.

American Banking News 

Home Lenders Face Sanctions Over Failed Modifications
Bank of America (BAC) is among the worst performers in the program, based upon a Treasury Dept. measure of trial modifications as of October. ...

BusinessWeek

Monthly Real Estate Market Analysis

May 2010:
The next few months will be a vital test to tell if the U.S. housing market is truly recovering or still has further to fall.  With the buying frenzy now passed, as buyers rushed-in to get the tax credit which expired at the end of April, we will again see true supply vs demand fundamentals put a squeeze on the market.  U.S. Housing Update sticks to it's prediction that US home prices will be lower this fall than they stand today.

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