housing bubble

This article explores the causes of the current housing bubble and how to avoid another one by abolishing Fannie Mae and Freddie Mac, shutting down the Department of Housing and Urban Development, and more.

Looks like Ron Paul's former economic adviser, Peter Schiff, is getting real media attention now that his predictions on the housing bubble from 2006 have borne true.Great article by him titled "Don't Blame Capitalism" appeared in the Washington Post today.

Mortgage giants Fannie Mae and Freddie Mac - despite their robust cadre of economists and mortgage experts - failed to heed warnings that the housing bubble would burst.

Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the housing bubble would burst.

Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst.

Compared to the rest of the nation, The El Paso, Texas economy is booming. There are so many factors in El Paso's favor that the housing bubble, the sub prime disaster, and all the other issues are just minor irritations to this growing economy.

They took out adjustable-rate mortgages at the peak of the housing bubble to buy homes they would otherwise not be able to afford.

Or they refinanced existing mortgages to take cash out. And now, two or three years later, the day of reckoning is here.

I know its an old story but ..... Ben S. Bernanke does not think the national housing boom is a bubble that is about to burst, he indicated to Congress last week, just a few days before President Bush nominated him to become the next chairman of the Federal Reserve.