Credit Suisse housing market report

[asragov]

I noted this excellent report from Credit Suisse, over at Bill Cara. It is called “Mortgage Liquidity du Jour: Underestimated No More.”

It is interesting, among many other observations, that they discuss the effect of tightening of appraisals on the housing market. The extent of piggyback loans is also surprising:

http://www.billcara.com/CS%20Mar%2012%202007%20Mortgage%20and%20Housing.pdf

[CAwireman]

Asragov,

Thanks for the link. I am finding it a very interesting read.

[ucodegen]

To borrow a phrase…

“Most Excellent” information…

[davelj]

What a great report. And what a total horror show. Some of those graphs are just jawdropping.

[34f3f3f]

I have never heard of Alt-A mortgages, but when you add these to the subprime market, it seems the exposure to dodgy loans is doubled. What puzzles me is that builders seems to use them a lot, but reports on the news say the Inland Empire (LA) has seem a recent improving housing market. I guess we will see if tightening credit and foreclosures really have downward pressure on prices over the predicted 6-12 months.

[Anonymous]

Some regions saw rises in asking prices of more than 5% in the second quarter of this year, according to property website s1homes.
The biggest rise was in East Renfrewshire, where asking prices went up by 8.46%.
However, asking prices in Fife fell by an average of 4.71% in the same period.
Overall, the average asking price across Scotland rose by 2.68% in the second quarter of 2011.
“Restrictions on bank and building society mortgage funding to first-time buyers continues to frustrate this end of the market but it is clear that sales can be achieved if the asking price is fair and reasonable, and the property is given good exposure during the initial marketing period.”
Free Credit Score

[Anonymous]

Some regions saw rises in asking prices of more than 5% in the second quarter of this year, according to property website s1homes.
The biggest rise was in East Renfrewshire, where asking prices went up by 8.46%.
However, asking prices in Fife fell by an average of 4.71% in the same period.
Overall, the average asking price across Scotland rose by 2.68% in the second quarter of 2011.
“Restrictions on bank and building society mortgage funding to first-time buyers continues to frustrate this end of the market but it is clear that sales can be achieved if the asking price is fair and reasonable, and the property is given good exposure during the initial marketing period.”
Free Credit Score

[Anonymous]

Some regions saw rises in asking prices of more than 5% in the second quarter of this year, according to property website s1homes.
The biggest rise was in East Renfrewshire, where asking prices went up by 8.46%.
However, asking prices in Fife fell by an average of 4.71% in the same period.
Overall, the average asking price across Scotland rose by 2.68% in the second quarter of 2011.
“Restrictions on bank and building society mortgage funding to first-time buyers continues to frustrate this end of the market but it is clear that sales can be achieved if the asking price is fair and reasonable, and the property is given good exposure during the initial marketing period.”
Free Credit Score

[Anonymous]

Some regions saw rises in asking prices of more than 5% in the second quarter of this year, according to property website s1homes.
The biggest rise was in East Renfrewshire, where asking prices went up by 8.46%.
However, asking prices in Fife fell by an average of 4.71% in the same period.
Overall, the average asking price across Scotland rose by 2.68% in the second quarter of 2011.
“Restrictions on bank and building society mortgage funding to first-time buyers continues to frustrate this end of the market but it is clear that sales can be achieved if the asking price is fair and reasonable, and the property is given good exposure during the initial marketing period.”
Free Credit Score

[Anonymous]

Some regions saw rises in asking prices of more than 5% in the second quarter of this year, according to property website s1homes.
The biggest rise was in East Renfrewshire, where asking prices went up by 8.46%.
However, asking prices in Fife fell by an average of 4.71% in the same period.
Overall, the average asking price across Scotland rose by 2.68% in the second quarter of 2011.
“Restrictions on bank and building society mortgage funding to first-time buyers continues to frustrate this end of the market but it is clear that sales can be achieved if the asking price is fair and reasonable, and the property is given good exposure during the initial marketing period.”
Free Credit Score

[Author]

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