Oct 10 2011

The wonder years – over 70 percent of GDP comes from personal consumption. For the past decade home equity and credit from other sources fueled growth because of falling household incomes. What happens when credit contracts and home equity evaporates?

In a debt based economy a credit crisis is similar to an uncontrollable virus spreading from house to house.  The slow infection hibernated for decades until it went into a pandemic.  It is troubling to see how the middle class is slowly being dismantled.  However there is one silver lining of the home price correction.  […]

Sep 3 2010

Submarine housing markets – Negative equity map and the 7 metro areas where mortgage balances outweigh the entire stock of housing. Examining underwater housing across the U.S.

Negative equity at such a large scale is a rather unique phenomenon from this housing bubble.  Even just a decade ago, a person got into a negative equity position due to a really significant shift in a localized market.  For example, a city lost a major manufacturing company that supported most jobs and home values […]

Aug 21 2010

Sin City and Nevada suffer brunt of recession – 25 percent underemployment rate for Nevada reflecting depression like stats. Foreclosure data on home that was picked up for $120,000 but had a second mortgage of $1.2 million.

The great recession has touched every state across the United States with a reverse Midas touch.  Every average American has felt this recession to one degree or another.  Yet few states have felt the economic implosion like Nevada.  Here we have a state that highlights the heavy reliance on the housing bubble, conspicuous consumer spending, […]

Jun 16 2010

Gear up for another lost decade in real estate. Housing will remain stagnate from 2010 to 2020. Demographic shifts, higher mortgage rates, and shifting consumer taste in real estate.

The dynamics for housing moving forward point to a very bleak future and a potential lost decade yet again from 2010 to 2020.  Housing has a treacherous path moving forward and deep down demographic shifts will keep a lid on any significant housing appreciation moving forward.  The economy is in the process of deleveraging from […]

Jun 9 2010

Blame the real estate bubble on California and New York. Why the housing bubble centered around 4 states and spread across the nation. The Southwest and Florida sunshine real estate infatuation. 45 percent of foreclosure filings come from 4 states.

When we hear about the foreclosure crisis we tend to paint with a very broad real estate brush.  Without a doubt the housing bubble bursting is rippling throughout the country.  Yet to assume all states are being impacted equally is absolutely incorrect yet mainstream media analysis usually talks about the “foreclosure crisis” as if it […]

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