Free Republic

Housing prices could dip by as much as 20% in more than 180 markets nationwide if the US economy falls deeper into a recession, according to a new study. Experts at the research firm Moody’s Analytics said that homes in 183 of the 413 largest regional housing markets in the country are “overvalued” by more than 25%. A map based on data from Moody’s was published by Fortune. It showed that home prices were poised to fall in so-called “bubbly” markets like Phoenix and Boise.

Why are CEOs and corporate insiders selling their stocks at a far faster rate than we have ever seen before? Do they know something that the rest of us do not? If stock prices are going to continue soaring into the stratosphere like many in the mainstream media are suggesting, these insiders that are dumping stocks like there is no tomorrow will miss out on some absolutely enormous profits. On the other hand, if a colossal market crash is coming in 2022, then 2021 was absolutely the perfect time to get out. As I have said countless times before, you...

A German investment firm has predicted Apple Inc’s downfall as it sets a stock price target of $60 per share. Berenberg Bank believes the financial model of the Cupertino-based company relies too much on the iPhone. Berenberg has forecasted a more than 50 percent decline of Apple shares. According to Apple Insider, the German firm’s price target is so “extreme” that it doesn’t appear to be plausible prediction but more of a statement. In a note to investors, Berenberg issued the extremely bearish forecast on Apple stock. Even a few investment firms who remain bearish on Apple have maintained price...

WASHINGTON (Reuters) - The downward spiral of U.S. housing prices still has a way to go and homes were overvalued by between 8 percent to 20 percent in the first quarter of this year, according to research by an International Monetary Fund economist published on Friday. In his report "What goes up must come down? House price dynamics in the United States," IMF economist Vladimir Klyuev used several economic techniques to determine by how much U.S. home prices are overvalued. Klyuev drew from a government study of single-family home prices to conclude that values were "around 14 percent above equilibrium...

An unsuspecting passenger who flew through Tokyo's Narita airport left with $10,000 worth of free marijuana thanks to a forgetful customs officer and a sniffer dog with an unreliable nose. The officer stuffed five ounces of the drug into the side pocket of a randomly selected black suitcase coming off an overseas flight into Narita yesterday so that the dog could get some practice at detecting drugs. "The dog couldn’t find it and the officer also forgot which bag he put it in," a customs office spokeswoman said. "If by some chance passengers find it in their suitcase, we’re asking...

As the Federal Reserve moves to raise short-term interest rates once again, flags are raised about the effect on housing prices. With housing being the largest household asset -- and one that has risen sharply over the last several years -- a downturn in housing prices akin to the fall in stock prices since 2000 would be devastating to families and the economy. According to the latest Federal Reserve data, American households owned $16.6 trillion in real estate in third-quarter of 2004, up $2.2 trillion in the last year, an increase of 15.4 percent. By contrast, they owned just $9.4...