- Wherever houses are haunted by misfortune, Teru Oshima wants to h...
- David Simon's plan to build a retail real-estate empire in Europe...
- Rents for residential units are rising amid sluggish demand for o...
- Blackstone Group is preparing to sell its La Quinta hotel chain, ...
- China's central bank said it would strengthen its monitoring of d...
- A Montessori school that made its home in a 50-foot-wide stone pa...
Real Estate News - July 2007
The following news stories are those which are most important for understanding the house price crash and the impact on house prices going forward...
Corporate Bond Risk Soars as Subprime Mortgage Losses Spread
American Home Mortgage Investment shares plunge 45% following the mortgage lender’s revelation that banks had requested it put up more cash after writing down the value of its loan and security portfolios significantly
The credit crunch starts to bite
Credit crisis hits Chrysler buyout
Houses now make up three fifths of Britain's wealth, the highest proportion recorded, demonstrating our increasing reliance on the value of our properties
Largest US mortgage lender rocks credit markets as high-risk "subprime" problems spread to its "prime" loan book
60% of UK wealth is tied up in house prices
The UK money supply has now swollen by £1.03 trillion since June 2002. That's a greater expansion in cash and credit than the previous 15 years put together
Toxic CDOs are being auctioned but there are no bids. No bids means that $1.4 trillion of shaky investments have no discernable market-value. They're effectively worthless.
Commercial property investors rush for the exit
House prices hit by rate rises
"Apocalyptically, the CDO crisis could erode the entire $1,000bn capital base of the US banking system. Less dramatically, it could cause a serious drop in the banking system's ability and willingness to lend."
Here comes the credit crunch!
Bear Stearns admits that its collapsed hedge funds are worthless
Renting currently superior to buying?
Rising mortgage delinquencies are likely to be followed by rising consumer bankruptcies and, with them, the first big test of the federal bankruptcy reform law of 2005. Early indications are that low- to middle-income borrowers will be unduly punished
Homeowners feel squeeze as some rates top 8%
This week could mark the turning point of the investor love affair with commercial property after up to 6 per cent was wiped off the prices of more than £20bn of UK property funds. There price cuts spark fears of mass withdrawals
The news that two of the largest property funds have slashed the value of their units will have sent shivers down the spines of investors
S&P finally says subprime is mostly junk
The surge in credit card debt reflects the fact that it is getting harder to get home equity loans with banks tightening up on standards and home values not soaring as they did during the housing boom
Bonds are meant to be safe, predictable and boring. Yet the earthquake in the debt markets which has sent bond yields shooting up over the past month will be felt around the world, from Britain's teetering housing market to the pockets of private equity barons. Cut-price borrowing has fuelled a multitude of booms; and as the price of debt rises, investors everywhere are vulnerable
The yen carry trade is continuously flooding the world with cheap money. It works by borrowing money at a half a point from the Bank of Japan and re-lending that money at a higher rate through some other instrument. But at some point, the Bank of Japan is going to have to raise rates and the supply of credit will contract.
460,000 mortgage payments missed in the past six months as interest rates bite
Homeowners bear brunt of latest interest rate increase
Banks 'set to call in a swathe of loans'
Self cert buy to let mortgage launched by Kensington - just when lenders should be cutting back and focussing on higher quality lending
"Dream" home out of reach of majority
U.S. hedge fund faces billions in losses on natural gas bet
More firms collapse
Bankruptcies hit record level as consumer debt reaches crisis point
Investment column: Shifting funds into overseas property could be a mistake
John Moulton managing partner of Alchemy and a leading UK private equity executive believes that the industry is at the top of the market and is likely to face a crisis similar to that being experienced by the sub-prime debt market in the United States
UK Personal Rate of Saving at 50 Year Low