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 sub-prime mortgage crisis may be working itself out. But, says Richard Benson, a second wave of defaults may be about to hit. And this time, it’s the prime-mortgage market in the firing line.
Is it time to buy US property? US investment expert Dr Steve Sjuggerud reckons there are bargains galore. James Ferguson isn’t so sure. Here they make the case for and against investing in US housing.
Bullish sentiment is on the rise in the US housing market. But the recovery looks shaky.
When the global recession hit, commercial property unravelled along with most other assets. But the worst of the fallout is yet to come.
American commercial property is going for knock-down prices. And with the fate of the banks inextricably bound up with US property prices, this crisis is nowhere near over, says Merryn Somerset Webb.
Until the American housing market stabilises – nothing else will. Unfortunately, says Merryn Somerset Webb, it’s showing no signs of life. So what should you do now?
The US consumer confidence index soared to an eight-month high recently. But the housing picture is still ‘unequivocally negative’, and the bounce in consumer confidence is nothing to get excited about.
US house prices have fallen back to where they were in 2000, and by some measures now look cheap. But that doesn’t mean it’s time to buy, says John Stepek
James Ferguson explains how the US subprime mortgage crisis is about to hit the middle classes, and looks forward to where the housing market is headed in the UK.
Sales of single-family homes in America rose by 2.4% in July. But it’s not time to go shopping for a McMansion – the crash is far from over. The rise in sales is due to a surge in the number of foreclosures and doesn’t reflect the broader market.
Healthcare real estate investments trusts (Reits) have proved the one bright spot in the property sector in the past year, as the population ages and demand for healthcare increases.
Like it or not, the UK’s economy is built on houses. And with more bad news for property on the way, now is the time to take cover and wait for the carnage to pass, says John Stepek.
The Federal Reserve has been forced to bail out Freddie Mac and Fannie Mae. But how much do you know about these American mortgage behemoths? Tim Bennett fills in some background.
The US government may have deemed Fannie and Freddie too big to fail, but as far as the rest of the banking system goes, it’s every man for himself. And there are plenty more banks that won’t be so lucky.
US Government-sponsored mortgage behemoth Fannie Mae is cashing in on the American property slump by marketing foreclosed real estate as ‘holiday homes’ to UK buyers, finds Adrian Ash.