Loan Performance by State

In light of the recent fall in Home prices, as reported by the Case Shiller Index, why don’t we see what areas have under-performing loans? That might give us some insight into which areas of the country are suffering pricing problems.

LoanPerformance HPI puts together "comprehensive home price indices" and median sales
price datasets cover 7373 zip codes, 956 Core Based Statistical Areas
(CBSA), and 640 counties in all states and District of
Columbia—representing 30-plus years of repeat sales transactions and
more than 45 million observations.   

Here is their index in map format, which tracks changes in mortgage performances — the Redder states are getting worse (more delinquencies, defaults and foreclosures), while the green states are improving (less dd&f) over the prior 12 months.

 

Loan_101507_image_lg_ch

Now let’s compare that with the actual regional price changes:

Shiller_regions

Pretty interesting . . .

>

Sources:

Loan Performance via Felix Salomon Market Movers

Property Derivatives via TFS Derivatives Corp

Category: Credit, Real Estate

Home Price Fall For 8th Consecutive Month

Category: Data Analysis, Markets, Real Estate

“Benign” Inflation, Added Surcharges

Category: Commodities, Data Analysis, Energy, Federal Reserve, Inflation

Open thread: Inflation & the Fed

Category: Currency, Federal Reserve, Inflation

Google Blog Search Magically Repaired!

Category: Technology, Web/Tech, Weblogs

Big Picture Survey

I would greatly appreciate if readers filled out this short survey:

The Survey is now closed!

Thank you to all who participated.

My initial read of the results were pretty interesting — I’ll have survey gizmo generate a full report today(a glitch prevented me from seeing all the responses)

I’ll cull some charts and data. Look for an update later this week . . . 

Read More

Category: Weblogs

Big Caps versus Small

Category: Earnings, Markets, Technical Analysis, Trading

Bill Gates on Facebook

Category: Corporate Management, Technology, Web/Tech, Weblogs

Halloween Linkfest: Week in Preview

Category: Financial Press

Real Estate Impacting Retail

Category: Consumer Spending, Economy, Real Estate, Retail