Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-56394 Thu, 26 Mar 2015 16:44:57 GMT U.S. Home Prices Are Surging 13 Times Faster Than Wages http://implode-explode.com/viewnews/2015-03-26_USHomePricesAreSurging13TimesFasterThanWages.html In many markets, the housing recovery has "largely been driven over the last two years by buyers who are not as constrained by incomes -- namely the institutional investors coming in and buying up properties as rentals,  and international buyers coming in and buying, often with cash," Daren Blomquist, vice president at RealtyTrac and author of the report, said in an interview...

With the economy improving and home prices climbing, central bankers seem to have achieved at least part of their goal. However, investors have reaped much of the benefits of rising prices, while meaningful wage growth -- and with it the ability of many Americans to buy homes -- has yet to materialize. That's been one reason housing has posted such inconsistent progress over the past two years, even with mortgage rates near historical lows.

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iehi-feed-56375 Wed, 25 Mar 2015 15:19:57 GMT How Cold Was It This Winter? So Cold That New Home Sales Hit A 7 Year Record! | The Wall Street Examiner http://implode-explode.com/viewnews/2015-03-25_HowColdWasItThisWinterSoColdThatNewHomeSalesHitA7YearRecordTheWa.html iehi-feed-56215 Wed, 04 Mar 2015 17:43:52 GMT Mortgage Lenders Cause Another Homeowner Death http://implode-explode.com/viewnews/2015-03-04_MortgageLendersCauseAnotherHomeownerDeath.html iehi-feed-56204 Mon, 02 Mar 2015 19:00:32 GMT MFI-Miami Calls On The FDIC To Fast Track Investigations Of Sterling National Bank http://implode-explode.com/viewnews/2015-03-02_MFIMiamiCallsOnTheFDICToFastTrackInvestigationsOfSterlingNationa.html iehi-feed-56180 Fri, 27 Feb 2015 16:18:47 GMT China's Real Estate Bust Worse Than It Seems http://implode-explode.com/viewnews/2015-02-27_ChinasRealEstateBustWorseThanItSeems.html A record decline in new-home prices in January has, as my Bloomberg News colleagues reported this week, prompted Chinese officials to contemplate additional stimulus measures, including reducing the required down payments on second homes and eliminating sales tax after only two years of ownership instead of five.

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"This is a supply-side correction in property," Yao writes in a new report. "While housing sales will likely improve this year, construction and all the industrial activity that depends on it will not. Therefore an upturn in housing sales will not deliver as much of a boost to growth."

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iehi-feed-56169 Thu, 26 Feb 2015 02:26:09 GMT Morgan Stanley to pay $2.6 billion to settle mortgage-bond claims http://implode-explode.com/viewnews/2015-02-25_MorganStanleytopay26billiontosettlemortgagebondclaims.html iehi-feed-56150 Tue, 24 Feb 2015 17:23:42 GMT Quicken Loans Chairman "Dapper Dan" Gilbert's Voyeurism Fetish In Detroit http://implode-explode.com/viewnews/2015-02-24_QuickenLoansChairmanDapperDanGilbertsVoyeurismFetishInDetroit.html iehi-feed-56147 Mon, 23 Feb 2015 20:36:44 GMT Sales of U.S. existing homes decrease to nine-month low http://implode-explode.com/viewnews/2015-02-23_SalesofUSexistinghomesdecreasetoninemonthlow.html Purchases slowed 4.9 percent to a 4.82 million annualized rate, the least since April, after a 5.07 million pace that was higher than previously estimated, figures from the National Association of Realtors showed Monday in Washington. The median forecast of 74 economists in a Bloomberg survey called for a fall to 4.95 million.

The number of houses on the market dropped in January for a second straight month compared with last year and price increases were broad-based, making it difficult for first-time and younger buyers to get into the market. Gains in employment and historically low mortgage rates will probably sustain demand, while rising household formation and a shortage in rental supply should also provide a boost this year over last.

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iehi-feed-56139 Mon, 23 Feb 2015 15:56:19 GMT The People Want Tiny Houses. Zoning Boards, Not So Much http://implode-explode.com/viewnews/2015-02-23_ThePeopleWantTinyHousesZoningBoardsNotSoMuch.html iehi-feed-56118 Fri, 20 Feb 2015 15:44:38 GMT Is Attorney John M. Schwarz Trying To Flee New York W/ Client Cash? http://implode-explode.com/viewnews/2015-02-20_IsAttorneyJohnMSchwarzTryingToFleeNewYorkWClientCash.html iehi-feed-56107 Thu, 19 Feb 2015 16:43:49 GMT The Foreclosure Crisis is Behind Us? Where?  Who says? | Mandelman Matters http://implode-explode.com/viewnews/2015-02-19_TheForeclosureCrisisisBehindUsWhereWhosaysMandelmanMatters.html iehi-feed-56087 Mon, 16 Feb 2015 15:36:12 GMT Did "Dapper Dan" Gilbert & Quicken Loans Contribute To Detroit's Blight? http://implode-explode.com/viewnews/2015-02-16_DidDapperDanGilbertQuickenLoansContributeToDetroitsBlight.html iehi-feed-56073 Fri, 13 Feb 2015 22:13:58 GMT US Foreclosure Activity Rises 5 Percent in January http://implode-explode.com/viewnews/2015-02-13_USForeclosureActivityRises5PercentinJanuary.html iehi-feed-56052 Tue, 10 Feb 2015 14:12:02 GMT Renters Are Majority in Big U.S. Cities http://implode-explode.com/viewnews/2015-02-10_RentersAreMajorityinBigUSCities.html iehi-feed-56041 Mon, 09 Feb 2015 14:41:41 GMT Study This Book If You Want To Be Successful At Fighting Foreclosures http://implode-explode.com/viewnews/2015-02-09_StudyThisBookIfYouWantToBeSuccessfulAtFightingForeclosures.html iehi-feed-55967 Wed, 28 Jan 2015 15:54:25 GMT Seven Consecutive Downward Revisions To New Home Sales Data Place Serious Doubts On Report Accuracy http://implode-explode.com/viewnews/2015-01-28_SevenConsecutiveDownwardRevisionsToNewHomeSalesDataPlaceSeriousD.html iehi-feed-55957 Tue, 27 Jan 2015 15:16:17 GMT Gary Shilling: Nothing Is Going to Save the Housing Market http://implode-explode.com/viewnews/2015-01-27_GaryShillingNothingIsGoingtoSavetheHousingMarket.html iehi-feed-55956 Mon, 26 Jan 2015 21:06:29 GMT California Settles With OCWEN For A Meager $2.5 Million http://implode-explode.com/viewnews/2015-01-26_CaliforniaSettlesWithOCWENForAMeager25Million.html iehi-feed-55939 Thu, 22 Jan 2015 21:28:35 GMT Wells Fargo, JPMorgan slapped for title kickback scheme http://implode-explode.com/viewnews/2015-01-22_WellsFargoJPMorganslappedfortitlekickbackscheme.html iehi-feed-55936 Thu, 22 Jan 2015 19:19:56 GMT Serbian central bank to discuss franc loan pain with bankers, borrowers http://implode-explode.com/viewnews/2015-01-22_Serbiancentralbanktodiscussfrancloanpainwithbankersborrowers.html