Panic amongst the homebuilders as new permits drop to 17 year lows, confidence rating hits low
Builders' confidence falls in latest survey, view of current market at lowest level since 1991.
The survey by the National Association of Home Builders saw the confidence index sink to 30 in May from 33 in April, matching the September reading that had been a 15-year low at that time.
Panic at retailers as sales drop and drop some more
Home Depot earnings worse than expected
Wall Street was braced for bad news from Home Depot but not this bad.
Panic in Spain (and England) about the Spanish property crash underway
Spain risks crisis over vanishing reserves.
Spain's foreign reserves have plummeted to wafer-thin levels, leaving the country exposed to a possible banking crisis if the property market swings from boom to bust. "Where this gets serious is if there is a property collapse in Spain and the banks get into trouble," said Prof Tim Congdon, an expert on monetary policy.
Panic for Desperate Homedebtors who can no longer afford their debt-traps
Foreclosures rise 62 percent in April, compared with year earlier
Mortgage lenders in April foreclosed on 62 percent more U.S. homes than a year ago as borrowers failed to keep up with loan payments, an industry research firm said Tuesday. RealtyTrac Inc. said foreclosures in April spiked to 147,708, compared with 91,168 in 2006, as lenders repossessed one out of every 783 homes.
Panic at the White House, Fed, NAHB and CNBC that nobody is buying their soft-landing BS anymore
Homebuilders Rebound? April Fools!
Housing starts edged up in April, but permits, a better indicator of housing market health, plunged to the lowest pace in nearly a decade
Panic at the NAR that nobody is buying their bulls*it anymore
CBS' 60 Minutes Story Almost Appears Unbiased
It's deja vu all over again. Like the Department of Justice's leak to the Wall Street Journal that allowed reporter James Haggerty to break the news that the DOJ was filing a lawsuit against the NAR on the opening day of the NAR's annual Mid-year conference two years ago, CBS' airing of the nearly undetectably biased 60 Minutes piece "Chipping Away At Realtors' Six Percent" allowed reporter Lesley Stahl to report "How Realtors' Commission Fees Are Under Assault" just in time to embarrass the NAR once again on the eve of its Mid-year conference.