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bloomberg.com - 6/30/2009

Shiller Sees ‘Improvement’ in Rate of Home-Price Drop (Update2)

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June 30 (Bloomberg) -- Home prices saw a “striking improvement in the rate of decline” in April and trading in funds launched today indicates investors believe the U.S. housing slump is nearing a bottom, said Yale University economist Robert Shiller . “At this point, people are thinking the ...

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Calculated Risk:  House Prices: The Long Tail

The Big Picture:  Confidence, Housing, and Unemployment are All Intertwined

Econbrowser:  A V-shaped recession?

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calculatedriskblog.com - 7/1/2009

House Prices: The Long Tail

— calculatedriskblog.com — First a couple of quotes: From Bloomberg: Shiller Sees ‘Improvement’ in Rate of Home-Price Drop Home prices saw a “striking improvement in the rate of decline” in April and trading in funds launched today indicates investors believe the U.S. housing ... (more) House Prices: The Long Tail

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House Prices: The Long Tail
Calculated Risk — First a couple of quotes: From Bloomberg: Shiller Sees ‘Improvement’ in Rate of Home-Price Drop Home prices saw a “striking improvement in the rate of decline” in April and trading in funds launched today indicates investors believe the U.S. housing slump is nearing a bottom, said Yale University economist Robert Shiller. “At this point, people are thinking the fall is over,” Shiller, co-founder of the home price index that bears his name, said in a Bloomberg Radio interview today. “The market is predicting the declines are over.” ... “My guess ...

Confidence, Housing, and Unemployment are All Intertwined
The Big Picture — Good Evening: An unexpected drop in consumer confidence today spoiled what investors had hoped would be a rousing finish to an otherwise strong second quarter for U.S. capital markets. Other data points, including those in the all important housing sector, were mixed. How confidence, home prices, mortgage delinquencies, unemployment, and the financial markets interact in the coming months may decide whether the highly touted green shoots take root or whither. And this process will, in turn, affect investor attitudes toward the state of our nation’s financing needs during the second half of 2009. It might turn out that Great Britain’s ...

A V-shaped recession?
Econbrowser — ... you will see a significant rebound," Rice said. "We are preparing for 12 or 18 months of tough sledding." The question is whether our financial system is willing and able to extend the credit that would fuel the recovery. The key battering ram so far has been the deterioration in the value of residential-mortgage-backed securities aggravated by the collapse in real estate prices, which collapse could easily continue. Calculated Risk doesn't share the enthusiasm over the latest house price numbers: So house prices were falling ...