The US housing market’s recovery from the global financial crisis of 2008, which has seen prices hit new all-time highs, may be beginning to falter.
The overall US economy may be recovering, but the sector that kicked off the credit crunch – property – is still in big trouble.
Plenty of things could upset the markets in 2011 – from a slowdown in China to another lurch down in house prices. But there are still reasons to be optimistic, says Merryn Somerset Webb.
There’s another scandal brewing in the US property markets, where banks are repossessing properties they may not technically own. John Stepek looks at what’s going on, and how it could affect the banks and the broader economy.
House repossessions have ground to a halt in the US over revelations that many banks have been using dodgy legal documentation. The crisis has hit an already stricken housing market – and could spread. Simon Wilson looks at what’s happening and what the consequences could be for wider the economy.
Tom Bulford relates a cautionary tale about how a dream property investment turned very sour.
Florida’s property market is out of season once again. And high season may never return, says Bill Bonner.
The US government’s tax credit for first-time buyers expired in April so house prices in America lost an important crutch – which means they’re likely to fall further.
Thought the US housing market couldn’t get any worse? Think again. Prices are falling and six million more US homes are facing foreclosure.
As technology changes, more and more people are doing their shopping online and working from home. And that could have serious consequences for the future of the commercial property sector, says Richard McCreery.
The bounce in US house prices is peaking, with the median price of a new home sliding in three of the past four months.
The US commercial property market has been seeing losses for months now. Is commercial real estate the new subprime?
Subdued consumer confidence, high unemployment and the end of stimulus measures mean US house prices could soon be falling again.
Equity markets produced a ‘turbo-charged’ performance in 2009, and analysts are predicting further gains in 2010. But that is overly optimistic.
Commercial property in America is in bad shape. But one property sector is profiting nicely from the US’s ageing population, says Eoin Gleeson.
With the delinquency rate on commercial-mortgage backed securities rising sixfold in a year, there’s a lot more pain to come for the banks.