Roubini Topic Archive: Real Estate
Intelligent Investing with Steve Forbes. Click for Video [26:59]
CNBC NetNet — by Ash Bennington
According to economist Nouriel Roubini, the housing market is in a double dip.
And negative Case-Shiller Home Price numbers out today only confirm that unpleasant truth.
Dr. Doom Predicts Another $1 Trillion in Housing Losses By EVELYN M. RUSLI
As Nouriel Roubini heads to Athens to meet with investors and policymakers potentially about the debt crisis in Europe, the economist says he’s increasingly worried about a problem closer to home: America’s real estate mess.
The country’s real estate problems are “underappreciated,” and banks could face another $1 trillion in housing-related losses, Mr. Roubini said in a phone interview with DealBook on Monday. At the same time, he played down the issues in Ireland, Greece, Portugal and Spain, calling the matter “contained” for now.
Contagion is spreading from Ireland to Spain, which shares some key vulnerabilities in the wake of its real estate boom/bust and large non-performing loan overhang in the banking sector. A house price comparison shows that the housing bubble in Spain was more pronounced than in the United States but less pronounced than in Ireland.
BBC — World financial crisis ‘not over’ (Click for VIDEO) [2:17] BBC — Nouriel Roubini: “The real economy still looks very weak” By Michelle Fleury Business reporter, BBC News, New York The US economist widely credited with having predicted the financial crisis has warned we are already “planting the seeds of the next crisis”. Nouriel [...]
The worst contraction in the housing sector since the Great Depression, now in its fourth year, shows signs of reaching a bottom. Indicators of both demand and supply have posted modest recoveries from the record lows reached in H1 2009, though they remain sharply depressed below historical levels. In a recent research note RGE’s Prajakta [...]