FORTUNE
The one number to watch for a housing recovery
By Nin-Hai Tseng, Writer March 20, 2012: 5:00 AM ET
If you're waiting for home prices to go up, then you're missing signs the troubled housing market has finally turned around.
Showing posts with label Macro. Show all posts
Showing posts with label Macro. Show all posts
Tuesday, March 20, 2012
Tuesday, February 28, 2012
CNNMoney: Throwing cash at the housing market will make it worse
CNNMoney
Throwing cash at the housing market will make it worse
By Nin-Hai Tseng, writer-reporter February 28, 2012: 11:42 AM ET
Nearly half of current homeowners buying new homes by the end of 2012 are expected pay in cash, and that's not a good thing for home prices.
FORTUNE – In today's troubled housing market, it's all about the Benjamins.
Home prices are at a 9-year low, and it should come as no surprise. For the past three years, tighter lending standards and record foreclosures have driven an unusually higher number of homebuyers to pay for discounted properties in cash. The bulk has come from investors eyeing fixer uppers, as well as foreign buyers armed with wads of cash for properties from California to Miami.
Throwing cash at the housing market will make it worse
By Nin-Hai Tseng, writer-reporter February 28, 2012: 11:42 AM ET
Nearly half of current homeowners buying new homes by the end of 2012 are expected pay in cash, and that's not a good thing for home prices.
FORTUNE – In today's troubled housing market, it's all about the Benjamins.
Home prices are at a 9-year low, and it should come as no surprise. For the past three years, tighter lending standards and record foreclosures have driven an unusually higher number of homebuyers to pay for discounted properties in cash. The bulk has come from investors eyeing fixer uppers, as well as foreign buyers armed with wads of cash for properties from California to Miami.
Friday, December 9, 2011
CNNMoney: At European banks, the fire sale continues
CNNMoney: RT @FortuneMagazine: At European banks, the fire sale continues. Hedge funds are willing to take a gamble http://t.co/J4auEuUm
Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577
At European banks, the fire sale continues
December 9, 2011: 11:39 AM ET
Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go.
By Cyrus Sanati, contributor
FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.
Original Tweet: http://twitter.com/CNNMoney/status/146238707505176577
At European banks, the fire sale continues
December 9, 2011: 11:39 AM ET
Big European banks, under pressure to sell assets and shrink their balance sheets, won a victory in the latest deal to save the euro. But they still have a long way to go.
By Cyrus Sanati, contributor
FORTUNE -- Even as European leaders convened this week an emergency summit to save the euro, European banks were busy trying to offload trillions of euros worth of assets in a bid to slim down. But while the banks may appear desperate to sell in order to fortify their balance sheets and comply with new capital restrictions, they don't seem willing to take a bath on their performing assets just yet, frustrating willing buyers hunting for an easy deal.
Monday, November 21, 2011
CNNMoney: In Spain, new leadership, same problems
In Spain, new leadership, same problems
November 21, 2011: 10:50 AM ET
Spain is in no immediate danger of going bust. But as its economy shrinks and its banks start to crumble, Spain will look more like its spendthrift southern European neighbor, Greece.
November 21, 2011: 10:50 AM ET
Spain is in no immediate danger of going bust. But as its economy shrinks and its banks start to crumble, Spain will look more like its spendthrift southern European neighbor, Greece.
Thursday, August 18, 2011
Fortune: Anatomy of a soft economy
Anatomy of a soft economy
August 18, 2011: 5:00 AM ET
It's been a tough slog coming out of the Great Recession. As for a double dip, consider this: We've had only three in 160 years. Here's a look at how this recovery compares with recessions past.
August 18, 2011: 5:00 AM ET
It's been a tough slog coming out of the Great Recession. As for a double dip, consider this: We've had only three in 160 years. Here's a look at how this recovery compares with recessions past.
Fortune: American Idiots: How Washington is destroying the economy
American Idiots: How Washington is destroying the economy
By Allan Sloan, senior editor-at-large August 18, 2011: 5:00 AM ET
What's ailing us? It's not just unemployment. It's not just Europe's debt woes. And, no, it's not Wall Street this time. It's the takeover of the economic debate by fanatics who are up to no good. Fix that -- and maybe you fix the economy.
By Allan Sloan, senior editor-at-large August 18, 2011: 5:00 AM ET
What's ailing us? It's not just unemployment. It's not just Europe's debt woes. And, no, it's not Wall Street this time. It's the takeover of the economic debate by fanatics who are up to no good. Fix that -- and maybe you fix the economy.
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