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SD Transplant
ParticipantJP,
Hands down, this is the best post of the year :).
That’s why we need you here on this site…What can I tell ya, piggington women rule.ParticipantJP,
Hands down, this is the best post of the year :).
That’s why we need you here on this site…What can I tell ya, piggington women rule.ParticipantJP,
Hands down, this is the best post of the year :).
That’s why we need you here on this site…What can I tell ya, piggington women rule.ParticipantA couple of days ago I caught on CNN a piece of the interview with the newly appointed housing czar Shaun Donovan, and he mentioned that for anyone to qualify for this plan they must be of an LTV 80-105 … here is a quote:
“Also, borrowers with little or no equity in their homes who are on time with their payments could be eligible to refinance to take advantage of the current low interest rates, which hover around 5%. The plan lifts the guideline that borrowers must have at least 20% equity to refinance, allowing those with loans as large as 105% of their home’s value to qualify. This is designed to help people who have seen their equity eaten away by falling home prices.”
http://money.cnn.com/2009/02/20/news/economy/foreclosure_underwater_jobless/index.htm
Then, the reporter commented that if that’s the case,some regions in the US (e.g. California, Nevada, Arizona, Florida….etc) due to low equity (up-side down)
ParticipantA couple of days ago I caught on CNN a piece of the interview with the newly appointed housing czar Shaun Donovan, and he mentioned that for anyone to qualify for this plan they must be of an LTV 80-105 … here is a quote:
“Also, borrowers with little or no equity in their homes who are on time with their payments could be eligible to refinance to take advantage of the current low interest rates, which hover around 5%. The plan lifts the guideline that borrowers must have at least 20% equity to refinance, allowing those with loans as large as 105% of their home’s value to qualify. This is designed to help people who have seen their equity eaten away by falling home prices.”
http://money.cnn.com/2009/02/20/news/economy/foreclosure_underwater_jobless/index.htm
Then, the reporter commented that if that’s the case,some regions in the US (e.g. California, Nevada, Arizona, Florida….etc) due to low equity (up-side down)
ParticipantA couple of days ago I caught on CNN a piece of the interview with the newly appointed housing czar Shaun Donovan, and he mentioned that for anyone to qualify for this plan they must be of an LTV 80-105 … here is a quote:
“Also, borrowers with little or no equity in their homes who are on time with their payments could be eligible to refinance to take advantage of the current low interest rates, which hover around 5%. The plan lifts the guideline that borrowers must have at least 20% equity to refinance, allowing those with loans as large as 105% of their home’s value to qualify. This is designed to help people who have seen their equity eaten away by falling home prices.”
http://money.cnn.com/2009/02/20/news/economy/foreclosure_underwater_jobless/index.htm
Then, the reporter commented that if that’s the case,some regions in the US (e.g. California, Nevada, Arizona, Florida….etc) due to low equity (up-side down)
ParticipantA couple of days ago I caught on CNN a piece of the interview with the newly appointed housing czar Shaun Donovan, and he mentioned that for anyone to qualify for this plan they must be of an LTV 80-105 … here is a quote:
“Also, borrowers with little or no equity in their homes who are on time with their payments could be eligible to refinance to take advantage of the current low interest rates, which hover around 5%. The plan lifts the guideline that borrowers must have at least 20% equity to refinance, allowing those with loans as large as 105% of their home’s value to qualify. This is designed to help people who have seen their equity eaten away by falling home prices.”
http://money.cnn.com/2009/02/20/news/economy/foreclosure_underwater_jobless/index.htm
Then, the reporter commented that if that’s the case,some regions in the US (e.g. California, Nevada, Arizona, Florida….etc) due to low equity (up-side down)
ParticipantA couple of days ago I caught on CNN a piece of the interview with the newly appointed housing czar Shaun Donovan, and he mentioned that for anyone to qualify for this plan they must be of an LTV 80-105 … here is a quote:
“Also, borrowers with little or no equity in their homes who are on time with their payments could be eligible to refinance to take advantage of the current low interest rates, which hover around 5%. The plan lifts the guideline that borrowers must have at least 20% equity to refinance, allowing those with loans as large as 105% of their home’s value to qualify. This is designed to help people who have seen their equity eaten away by falling home prices.”
http://money.cnn.com/2009/02/20/news/economy/foreclosure_underwater_jobless/index.htm
Then, the reporter commented that if that’s the case,some regions in the US (e.g. California, Nevada, Arizona, Florida….etc) due to low equity (up-side down)
ParticipantReuters
NEW YORK (Reuters) – The U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, one of the property market’s best-known economists said.
Karl Case, the co-developer of a widely watched gauge of the housing industry, told Reuters that the hard-hit U.S. housing market has gone from being the primary source of the U.S. economic recession to one of its biggest casualties.
“Never say never, but it is looking increasingly probable that we will not see a housing market bottom until next year,” said Case, an economics professor at Wellesley College in Massachusetts.
“If the housing market was independent of the economy, we would be getting closer to a bottom, but that is not the case and we have a horrible economy,” he said in an interview late on Tuesday.
The U.S. has been in recession for more than a year. The fourth quarter showed the biggest economic contraction since 1982.
The Standard and Poor’s S&P/Case-Shiller Home Price Indices, which Case co-developed, has shown an acceleration in the fall-off in home prices in recent months.
Case, whose research has focused on real estate markets and prices for over 20 years, said he did not anticipate the extent of home price depreciation that has transpired since the peak in the second quarter of 2006.
“I did not think it was probable that we would have a home price decline of this magnitude,” he said.
Standard and Poor’s said on Tuesday the S&P/Case-Shiller 20-City Composite Index was down a record 18.5 percent in December, with home prices on a month-over-month basis falling 2.5 percent in December from November, compared with a 2.3 percent decline in the previous period. The 20-city index dates to 2000……
ParticipantReuters
NEW YORK (Reuters) – The U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, one of the property market’s best-known economists said.
Karl Case, the co-developer of a widely watched gauge of the housing industry, told Reuters that the hard-hit U.S. housing market has gone from being the primary source of the U.S. economic recession to one of its biggest casualties.
“Never say never, but it is looking increasingly probable that we will not see a housing market bottom until next year,” said Case, an economics professor at Wellesley College in Massachusetts.
“If the housing market was independent of the economy, we would be getting closer to a bottom, but that is not the case and we have a horrible economy,” he said in an interview late on Tuesday.
The U.S. has been in recession for more than a year. The fourth quarter showed the biggest economic contraction since 1982.
The Standard and Poor’s S&P/Case-Shiller Home Price Indices, which Case co-developed, has shown an acceleration in the fall-off in home prices in recent months.
Case, whose research has focused on real estate markets and prices for over 20 years, said he did not anticipate the extent of home price depreciation that has transpired since the peak in the second quarter of 2006.
“I did not think it was probable that we would have a home price decline of this magnitude,” he said.
Standard and Poor’s said on Tuesday the S&P/Case-Shiller 20-City Composite Index was down a record 18.5 percent in December, with home prices on a month-over-month basis falling 2.5 percent in December from November, compared with a 2.3 percent decline in the previous period. The 20-city index dates to 2000……
ParticipantReuters
NEW YORK (Reuters) – The U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, one of the property market’s best-known economists said.
Karl Case, the co-developer of a widely watched gauge of the housing industry, told Reuters that the hard-hit U.S. housing market has gone from being the primary source of the U.S. economic recession to one of its biggest casualties.
“Never say never, but it is looking increasingly probable that we will not see a housing market bottom until next year,” said Case, an economics professor at Wellesley College in Massachusetts.
“If the housing market was independent of the economy, we would be getting closer to a bottom, but that is not the case and we have a horrible economy,” he said in an interview late on Tuesday.
The U.S. has been in recession for more than a year. The fourth quarter showed the biggest economic contraction since 1982.
The Standard and Poor’s S&P/Case-Shiller Home Price Indices, which Case co-developed, has shown an acceleration in the fall-off in home prices in recent months.
Case, whose research has focused on real estate markets and prices for over 20 years, said he did not anticipate the extent of home price depreciation that has transpired since the peak in the second quarter of 2006.
“I did not think it was probable that we would have a home price decline of this magnitude,” he said.
Standard and Poor’s said on Tuesday the S&P/Case-Shiller 20-City Composite Index was down a record 18.5 percent in December, with home prices on a month-over-month basis falling 2.5 percent in December from November, compared with a 2.3 percent decline in the previous period. The 20-city index dates to 2000……
ParticipantReuters
NEW YORK (Reuters) – The U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, one of the property market’s best-known economists said.
Karl Case, the co-developer of a widely watched gauge of the housing industry, told Reuters that the hard-hit U.S. housing market has gone from being the primary source of the U.S. economic recession to one of its biggest casualties.
“Never say never, but it is looking increasingly probable that we will not see a housing market bottom until next year,” said Case, an economics professor at Wellesley College in Massachusetts.
“If the housing market was independent of the economy, we would be getting closer to a bottom, but that is not the case and we have a horrible economy,” he said in an interview late on Tuesday.
The U.S. has been in recession for more than a year. The fourth quarter showed the biggest economic contraction since 1982.
The Standard and Poor’s S&P/Case-Shiller Home Price Indices, which Case co-developed, has shown an acceleration in the fall-off in home prices in recent months.
Case, whose research has focused on real estate markets and prices for over 20 years, said he did not anticipate the extent of home price depreciation that has transpired since the peak in the second quarter of 2006.
“I did not think it was probable that we would have a home price decline of this magnitude,” he said.
Standard and Poor’s said on Tuesday the S&P/Case-Shiller 20-City Composite Index was down a record 18.5 percent in December, with home prices on a month-over-month basis falling 2.5 percent in December from November, compared with a 2.3 percent decline in the previous period. The 20-city index dates to 2000……
ParticipantReuters
NEW YORK (Reuters) – The U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, one of the property market’s best-known economists said.
Karl Case, the co-developer of a widely watched gauge of the housing industry, told Reuters that the hard-hit U.S. housing market has gone from being the primary source of the U.S. economic recession to one of its biggest casualties.
“Never say never, but it is looking increasingly probable that we will not see a housing market bottom until next year,” said Case, an economics professor at Wellesley College in Massachusetts.
“If the housing market was independent of the economy, we would be getting closer to a bottom, but that is not the case and we have a horrible economy,” he said in an interview late on Tuesday.
The U.S. has been in recession for more than a year. The fourth quarter showed the biggest economic contraction since 1982.
The Standard and Poor’s S&P/Case-Shiller Home Price Indices, which Case co-developed, has shown an acceleration in the fall-off in home prices in recent months.
Case, whose research has focused on real estate markets and prices for over 20 years, said he did not anticipate the extent of home price depreciation that has transpired since the peak in the second quarter of 2006.
“I did not think it was probable that we would have a home price decline of this magnitude,” he said.
Standard and Poor’s said on Tuesday the S&P/Case-Shiller 20-City Composite Index was down a record 18.5 percent in December, with home prices on a month-over-month basis falling 2.5 percent in December from November, compared with a 2.3 percent decline in the previous period. The 20-city index dates to 2000……
February 25, 2009 at 10:03 AM in reply to: Is anything made in the U.S.A. anymore? You’d be surprised #354610ParticipantOn a more serious note…..here is what I found:
TRADE SPOTLIGHT: RELEASE OF ANNUAL 2008 FIGURES
The largest export markets for U.S. goods in 2008 (with percent increase over 2007) were Canada ($261.4 billion, up 5.0%), Mexico ($151.5 billion, up 11.4%), China ($71.5 billion, up 9.5%), Japan ($66.6 billion, up 6.2%), and Germany ($54.7 billion, up 10.2%).
Capital goods represent the largest goods export category (end-use) for the U.S. with $469.5 billion worth of exports in 2008. The U.S. trade surplus in capital goods rose $12.8 billion to reach $15.7 billion in 2008, up from a surplus of $2.9 billion in 2007.
The top growth categories for capital goods products in 2008 were : medicinal equipment (up $3.3 billion), materials handling equipment (up $2.7 billion), industrial engines (up $2.7 billion), telecommunications equipment (up $2.6 billion), and civilian aircraft engines (up $2.5 billion).
Industrial supplies the largest growth category in dollar value represented $387.3 billion of U.S. exports in 2008, up $70.9 billion (or 22.4 percent) from 2007.
The top growth categories for industrial supplies in 2008 were: fuel oil (up $19.3 billion), other petroleum products (up $8.5 billion), nonmonetary gold (up $5.4 billion), chemicals-fertilizers (up $4.5 billion), and steelmaking materials (up $4.3 billion).
Foods, feeds, and beverages represented $108.4 billion of U.S. exports in 2008, and was the second largest export growth category (end-use) for the U.S., with exports rising $24.2 billion (or 28.7 percent) over 2007. The U.S. trade surplus in foods, feeds, and beverages rose $16.8 billion to reach $19.4 billion in 2008, up from a surplus of $2.6 billion in 2007.
The top growth categories for foods, feeds, and beverages in 2008 were soybeans (up $5.6 billion), meat and poultry (up $3.7 billion), corn (up $3.4 billion), and wheat (up $3.0 billion).
U.S. services exports totaled $551.6 billion in 2008, up $54.4 billion (or 10.9 percent) from 2007. This rise in exports helped the U.S. to have a record trade surplus in services at $144.1 billion, up $24.9 billion (or 20.9 percent) from 2007.
The top services export categories were other private services, which includes items such as business, professional and technical services, insurance services, and financial services ($241.0 billion), travel ($111.5 billion), royalties and license fees ($91.1 billion), other transportation ($60.2 billion), passenger fares ($31.4 billion), and government services ($16.3 billion).
http://trade.gov/press/press_releases/2009/export-factsheet_021109.pdf
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