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Feature Article #1

A Mammoth One in Five Borrowers Will Default

A leading mortgage analyst predicts over 11 million homeowners will default and lose their home if the government fails to take more radical intervention.

MichaelWhite | October 4th, 2010 | Continued

Feature Article #2

HousingStory predicts a nine percent fall in property prices nationwide in 2010

We make the call for a new decline in prices despite positive signals of higher prices including a gain of seven percent nationwide by Case-Shiller 10-City index from its post-crash bottom in April 2009.

MichaelWhite | September 10th, 2010 | Continued

Feature Article #3

In Bizarre Ruling, Maryland Court Denies ML-Implode.com Anti-SLAPP Motion Against Downpayment Launderer

In what is sure to go down in free speech history as a gross error, if not a blatant miscarriage of justice, ML-Implode.com has been denied its motion for anti-SLAPP dismissal in the Maryland lawsuit, Russell vs. Krowne (et al.) (a-k-a Global Direct Sales and The Penobscot Indian Tribe vs. Implode-Explode Heavy Industries, Inc./ML-Implode.com).
The lawsuit [...]

admin | July 13th, 2010 | Continued

Feature Article #4

Pending Homes Sales Crash in a Record Fall to a Record Low as Tax Break Expires. The MSM Misses It.

So here’s the news for you now, a week late, but new to the marketplace of ideas. Pending-home sales now stand below the worst numbers we have seen since the housing crash started in 2006. The rubber bands and duct tape are breaking apart. Presume the fix of a fall is in.

MichaelWhite | July 9th, 2010 | Continued

Feature Article #5

Accelerating Jumbo Mortgage Delinquencies Will Bash High-End Property Values: Part 2 of 6 — Current Market Conditions: It’s Wild and Weird On the Top

To summarize, serious jumbo mortgage delinquencies are 50 percent higher than the overall market. The number of distressed sales in that category has tripled in the last year in the Chicago area; and that trend toward distress is probably true far and wide. It has to be given what we know of the mortgage-delinquency trend. Thirty percent of all foreclosures are top-tier properties and that is a doubling of the rate when compared to three years ago. Our current zeitgeist is a trade-down environment with low-ball appraisals. Government subsidies do not cover most mortgages in expensive-property markets. And values are projected to fall 60 percent for expensive properties from peak to broken-bubble bottom.

MichaelWhite | June 19th, 2010 | Continued

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Pending Home Sales Reconfirm the Market is Crashing

Three months of readings after the end of free down-payments, the inventory of purchase contracts rose just 5.25%. The inventory is still is at a record low with the exception of the two previous months – each of which were record lows in themselves.

3Sep2010 | MichaelWhite | 2 comments | Continued
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Inventory Explodes Past the Worst of the Housing Crash

Soft demand for existing homes pushed up inventory to a record 12.5 months of sales and easily broke the previous high of 11.3 months scored in April 2008. By this basic measure, the price of homes may reasonably be expected to fall at the most torrential pace seen during our four-year-old crash.

25Aug2010 | MichaelWhite | 1 comment | Continued
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The Five Stages of America’s Housing Bubble

The method to extricate ourselves from housing madness.

20Aug2010 | MichaelWhite | 0 comments | Continued
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The Aftermath of the Global Housing Bubble Chokes the World Banking System. Only a Coordinated Loan Massacre Could Defeat a Japanese-Style Dead-and-Dying-of-Debt Kamikaze. Hell Approaches Us All, But Only For An Extended Period.

Sometimes the complexity of the world is a ruse, and seeing the overwhelming future of our fortunes is strangely simple. Our past and future credit crisis is but one case in point.

28Jul2010 | MichaelWhite | 0 comments | Continued
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The Scariest Financial Chart of the United States Bar None

INVENTORY / Units For Sale vs. Delinquent Mortgages — Arguably the key gauge of our economy, this chart shows high-distress among the owners of real estate with “X” = (delinquent units + for sale units). Look at the massive gap between “X” and “Z” – monthly unit sales, and tell me anybody can predict where prices are going. The gap frightens all sentient beings and makes a fool of any person who predicts future prices.

24Jun2010 | MichaelWhite | 6 comments | Continued