“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike
Housing sales and prices continuine on their grim slide.
Read more...Category Archives: Real estate
Oakland-Based Cooperative Builds Community Through Collective Property Ownership
East Bay Permanent Real Estate Cooperative takes historic real estate off the speculative market in West Oakland to help residents.
Read more...Think the Financial Crisis Is Over? Mortgage Servicers Still Abusing Borrowers For 10+ Years, Thanks to Lax Fannie/Freddie Oversight
Mortgage servicers are torturing borrowers who have been unable to pay for over a decade. All they are doing now is ripping off governments.
Read more...How Public Real Estate Investment Trusts Extract Wealth from Nursing Homes and Hospitals
REITs are considered “passive” investors but play a very active role in reshaping whole industries, like hospitals
Read more...Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest Since 2008
There is no “housing shortage,” with over 9 months’ supply of unsold houses, the most since the Housing Bust. But prices are still too high.
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Portland: Sobering Lessons in Untying the Knot of a Homeless Crisis
On the burgeoning homeless problem in Portland, and the city’s well-meaning but insufficient measures.
Read more...The Fifth Anniversary of the Grenfell Tower Fire, Aesthetics, and Social Murder
What were the causes behind Grenfell Tower’s beautiful, smooth facade?
Read more...Housing Market Takes Another Body Blow with Sharp Interest Rate Rise
A short update on the housing market.
Read more...Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates
The increase in interest rates is finally denting mortgage and housing activity of all sorts.
Read more...Suddenly Here Comes the Inventory: Homes Listed for Sale Jump Amid Price Reductions and Sagging Sales
In most US markets, there are more homes waiting to be sold than last year, How long will it take for overhang to lead to lower prices?
Read more...Housing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, to Highest since 2008, with 9 Months’ Supply, Sales Collapse at Prices below $400k
The housing market is starting to unravel at the lower end, with new home purchases taking the biggest hit.
Read more...Whither Hegemony? Prof. Wen Tiejun Foreword to Michael Hudson’s The Destiny of Civilization
The development and future of America’s hegemony is a major focus of Michael Hudson’s new book, The Destiny of Civilization.
Read more...What Blew Our Financial Bubble So Big?
Why it’s more fun and profitable to be in the bubble economy than the real one.
Read more...Learned Helplessness: Of Roaches, Restaurant Vents, and Reality
A worrisome case study of helpless and inaction in New York City tenants.
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