Are Housing and Banking Signaling a Double Dip?

Fri, 05/21/2010 - 15:40 EDT  in
 

Richard Suttmeier submits: Recordbreaking Delinquencies and Foreclosures The Federal Reserve was worried about the fragile recovery in the housing market with the home buyer tax credits expiring April 30th. We saw mortgage applications drop 27.1% for purchases last week, which is a clear sign of this dilemma.Complete Story »

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  • Are Housing and Banking Signaling a Double Dip?

    Richard Suttmeier submits: Recordbreaking Delinquencies and Foreclosures The Federal Reserve was worried about the fragile recovery in the housing market with the home buyer tax credits expiring April 30th. We saw mortgage applications drop 27.1% for purchases last week, which is a clear sign of this dilemma.Complete Story »

  • Federal Reserve Is Cautious on Housing and Job Growth

    Richard Suttmeier submits: Mortgage Applications for Home Purchases dropped 27.1% last week. The SEC creates new “circuit breaker” rules. Financial Regulations are on the horizon. The Minutes from the April 27-28 FOMC Meeting are a non-event. A Risk Aversion Scorecard. Complete Story »

  • Housing and Banking Are Front and Center as Markets Stabilize

    Richard Suttmeier submits: The yield on the 10-Year Treasury remains low but rose last week. Gold sets a new high last week at $1254.5. The euro is trying to rebound towards my quarterly pivot at 1.2450 to alleviate oversold conditions. Crude oil is trying to return to my annual pivot at $77.05. Stocks are trying to return to their June 3rd highs. To get those home buyer tax credits home sales must close by June 30th. Congress focuses on Financial Reform. The FDIC loses just one bank last Friday.

  • The Good News in Bad Housing Numbers

    Rick Newman submits:We've been hoping to avoid this pain, with vast amounts of medication disguised as Federal Reserve asset purchases, home-buyer tax credits, unorthodox mortgage modifications, and other aid meant to anesthetize the housing market. But it hasn't really worked, and we're finally seeing just how deep the housing bust really is.

  • Double-Dip in Housing Will Drag Down Economy

    Richard Suttmeier submits: Serious delinquencies for single-family mortgages continued to rise in January. Tracking the S&P 500. New home sales declined again in February. Yields rise on a second weak US Treasury auction with the 7-Year note on the docket today. Gold tests my quarterly pivot, Crude Oil approaches my monthly pivot yet again, and the euro breaks below 1.34.

  • Fed worried about hit to housing, minutes show

    Some U.S. Federal Reserve officials worried last month that waning government support could snuff out a fragile housing market recovery and a few believed it might be desirable to step up asset purchases.

  • Housing, Banking Woes Point to Double-Dip

    Richard Suttmeier submits: Why I forecast a Double-Dip Recession. We began this economic mess in 2007 when our banking regulators said subprime mortgage loan problems would not spread to the real economy.Complete Story »

  • The Good News in the Bad Housing Numbers (U.S. News & World Report)

    U.S. News & World Report - We've been hoping to avoid this pain, with vast amounts of medication disguised as Federal Reserve asset purchases, home-buyer tax credits, unorthodox mortgage modifications, and other aid meant to anesthetize the housing market. But it hasn't really worked, and we're finally seeing just how deep the housing bust really is.

  • Fed officials worried over MBS pullback

    Federal Reserve policymakers expressed worries that the winding down of the central bank’s massive purchases of mortgage securities could help ‘undercut’ a fragile housing market recovery

  • House of Cards Falling Down

    Daryl Montgomery submits: U.S. housing data for May was out today, and no matter how you look at it the report was bleak. The number of houses under construction fell to a record low of 475,000. The 17% drop in single-family homes was the biggest since the 1990-91 recession. Applications for permits were the lowest in a year.

 
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