[flashbunny]

There is no housing bubble.
There is no housing bubble.
There is no housing bubble.

[Izzy Dunne]

stagnant home prices, auto-industry weakness and climbing interest rates have taken a toll on housing affordability.

All right, interest rates, I understand.

But how do "stagnant prices" take a toll on affordability?

And what does "auto-industry weakness" have to do with it?

[Redleg Duke]

Less than a 1% rise is a "spike"?

No bias here, folks! None at all!

[AmericaUnited]

“I just don’t understand how a couple making a combined income of 50K can not make the payments on a $750K starter home...

[vietvet67]

http://www.housingtracker.net/

[RayStacy]

for later

[finnman69]

As I publicly predicted the newws stories about homes enteringt foreclosures at the end of the summer are here.

What I did not predict was that the subprime meltdown would cause an elimination liquidity and kill off lending in the Alt A and even top tier credit end.

[finnman69]

As I publicly predicted the newws stories about homes enteringt foreclosures at the end of the summer are here.

What I did not predict was that the subprime meltdown would cause an elimination liquidity and kill off lending in the Alt A and even top tier credit end.

[mngran]

Cry me a river. A bunch of people bought houses they couldn’t afford and I’m supposed to care? My man and I paid cash for ours and don’t owe anyone a cent. We could have bought a bigger house and gone into debt, but we didn’t. And I’ll be so mad if any of our tax dollars go to bailing out people who were greedy.

[montag813]

Question: Why do ARMs continue to rise, while rates in general have come down quite a bit in the past 6 months?

Above: The yield on the 10-year Note