Case-Shiller is Way Behind the Curve

With Case Shiller out this morning touting rip roaring price gains, it’s time for me to remind everyone yet again that that index is the worst housing indicator on the planet, forever 5 1/2 months behind reality, due to its insane methodology. The real, more current facts, are below in this post from December 30.

Why HELOC Resets Will Undermine Any Housing Recovery

by Keith Jurow, Capital Preservation Real Estate Report, (Posted originally at Advisor Perspectives 16 December 2013) For three years, I have been writing about the looming home equity line of credit (HELOC) disaster. The media pundits paid little attention. Then a Reuter’s article about HELOCs resetting to fully amortizing loans appeared last month. Finally some …

Re-pricing 2014

Age of Wisdom, Age of Foolishness (7) Written by Adam Whitehead, Continuing the theme in Age of Wisdom, Age of Foolishness, of playing with dates, the year 2014 comes into focus. As 2013 closes out, forecasters have begun to make projections about the economic environment next year. The Bank for International Settlements (BIS) is …

November 2013 Existing Home Sales Decline Significantly

Written by Steven Hansen The headlines for existing home sales say that sales growth declined in November month-over-month. Our analysis says sales are down year-over-year, with the three month rolling average in decline and lower than any period since the beginning of 2012.

Age of Wisdom, Age of Foolishness (6): “2016”

Written by Adam Whitehead, So the last shall be first, and the first last: for many be called, but few chosen. (Matthew 20:16, King James Bible) Age of Wisdom, Age of Foolishness has been playing with dates and historical comparisons to try and identify the next tipping point. The year 2013 has been compared …