The Great Debate

Everyone’s housing market profits were fictitious

By Maureen Tkacik
October 27, 2011

By Maureen Tkacik
The opinions expressed are her own.

Also read part one of this series, How Ed DeMarco finally cried fraud.

A big clue something had become dysfunctional at Fannie Mae and Freddie Mac came in the first week of 2011, when the government mortgage market makers announced the terms of a settlement agreement they’d reached with Bank of America, and were immediately pilloried for extending the bank another “backdoor bailout” by the likes of Maxine Waters and the American Enterprise Institute.

Housing double-dip threatens banks

By J Saft
September 2, 2010

Another dip in U.S. housing looks likely, bringing with it difficulties for banks and for their government guarantors.

Cheap credit cannot restore broken illusions

August 13, 2010

Hans Christian Andersen’s fairy tale about the “The Emperor’s New Clothes” is a good explanation for the spectacular expansion and implosion of the bubble economy in the 2000s.

Regs, tax breaks expiry to hit lending

May 25, 2010

By Jim Saft

With tax credits for house buyers gone and tough new banking regulations on the way, expect lending in the United States to come under significant pressure.

Deflation pressure not just from housing

By J Saft
April 8, 2010

It will take more than a recovery in housing to reignite inflation in the U.S. economy, a state of play that argues for the continued threat of deflation and a Federal Reserve that is pinned to the mat, unable, even if willing, to raise interest rates.

Housing’s Humpty Dumpty moment

January 28, 2010

(James Saft is a Reuters columnist. The opinions expressed are his own)

All the King’s horses and all the King’s men have been busy propping up the housing market but sometime this year, perhaps soon, it will face a Humpty Dumpty moment.

A brief, but welcome recovery in housing

By J Saft
August 27, 2009

jamessaft1.jpg(James Saft is a Reuters columnist. The opinions expressed are his own)

Activity in the U.S. housing market has bottomed – a huge plus for the economy – but a recovery in prices will not be sustained and the threat from real estate to bank capital remains acute.

Learning to love falling house prices

June 18, 2009

Christopher Swann– Christopher Swann is a Reuters columnist. The views expressed are his own –

An emerging opportunity in U.S. housing

April 22, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Fishing for the housing bottom in San Diego

By J Saft
March 30, 2009

– James Saft is a Reuters columnist. The opinions expressed are his own –
jimsaftcolumn6
When prophetic long time bears turn a bit cuddly, it is usually best to take notice.  A real estate maven who rejoices in the “nom-de-blog” of Professor Piggington has now, after five years of correctly shouting bubble, labelled San Diego housing prices “reasonable” based on the latest available housing data.