U.S. Existing Home Sales Fall By The Most In Six Years

real estateWe just got more evidence that a major economic slowdown is underway here in the United States.  Existing home sales were down a whopping 7.1 percent during the month of February, and this represented the biggest decline that we have seen in six years. 
NYSE:IYR March 22, 2016 3:31pm

Why This Housing Market Still Has A Lot Of Room To Run

real estateTyler Laundon: The housing market (NYSEARCA:IYR) still has a lot of room to run.
NYSE:IYR August 15, 2013 11:23am

Why Real Estate Prices Have Been Surging

real estateGary Gately: In another sign the housing recovery is genuine, home prices soared the most in more than seven years in April in 20 U.S. cities.
NYSE:IYR June 26, 2013 2:25pm

How Will Ben Bernanke’s New Housing Bubble End?

Ben_BernankeFederal Reserve Chairman Ben Bernanke has done it.  He has succeeded in creating a new housing bubble.  By driving mortgage rates down to the lowest level in 100 years and recklessly printing money with wild abandon, Bernanke has been able to get housing prices
NYSE:IYR April 30, 2013 4:00pm

21 Statistics Showing The Explosive Growth of Poverty In America

economyIf the economy is getting better, then why does poverty in America continue to grow so rapidly?  Yes, the stock market has been hitting all-time highs recently, but also the number of Americans living in poverty has now reached a level not seen since the 1960s.  Yes, corporate profits
NYSE:DIA April 5, 2013 1:24pm

Why Ben Bernanke Is Setting The Stage For Another Housing Crash (GLD, SLV, TZA, FAZ, XLF)

Federal Reserve Chairman Ben Bernanke is determined to push mortgage rates to record low levels and he is encouraging the banks that the Fed regulates to make home loans more freely. 
NYSE:FAZ October 2, 2012 11:10pm

18 Reasons Europe Is Going To Suck The Life Out Of The Global Economy (VGK, EWQ, EWP, EWG, EWI)

Michael Snyder: Summer vacation is over and things are about to get very interesting in Europe (NYSEARCA:VGK).  Most Americans don't realize this, but much of Europe
NYSE:EWG September 3, 2012 10:28pm

ETFs: How To Invest Like A Chinese Millionaire (TAO, FXI, GXC, PGJ, YAO, EJ)

Tony Sagami:  You’re probably reading this column because you want to make money, and you’re probably not a millionaire … yet.
NYSE:FXI April 20, 2011 10:25am

Financial ETFs Still Face Major Hurdles From An Overvalued Housing Market (XLF, IYF, IYR)

"A 2008 study from the Congressional Budget Office (CBO) estimated taxpayer losses from the Fannie Mae and Freddie Mac bailouts to reach $25 billion. This month, the Associated Press
NYSE:IYF May 19, 2010 3:05pm

The Price Of The Global Timber ETF (CUT) May Get Cut Down

"If you're a believer in the bullish housing data that has been seen recently in the U.S., there's an ETF to play this trend with. The Claymore/Beacon Global Timber ETF (NYSE:CUT) offers exposure
NYSE:CUT May 17, 2010 11:11am

The New MacroShares ETFs Revealed

housing-etpThe biggest news in ETF-land over the next month could be the launch of the MacroShares home price ETFs. Or, maybe we shouldn't say ETFs.  MacroShares is going to great lengths to remind people that these are not technically ETFs; they're exchange-traded products, or ETPs. Understanding that difference is the key to understanding how these products will work—and where they should be priced. I suspect that a lot of ink will be spilt over the coming months trying to do just that. Because they are different from traditional ETFs, and because the initial pair of MacroShares was poorly handled, MacroShares are widely misunderstood. The prospectus for these things reads like Finnegan's Wake, and the structure is unique, adding to the confusion. But that confusion is not needed. When you get right down to it, these products are pretty simple and will work well if people understand what they are designed to do.  Here's a primer. Home Price ETFs The new MacroShares Major Metro Housing Up (ticker: UMM) and Major Metro Housing Down (ticker: DMM) ETPs are designed to deliver 300% and -300% of the return of the leading national home price index, the S&P/Case-Shiller 10-City Composite Home Price Index, over a specific period of time. The last part of that sentence is critical.  Most ETFs are designed to track the performance of an index on a daily basis. The S&P 500 SPDR (NYSEArca: SPY), for instance, is designed to track the S&P 500's return today, tomorrow and forever. The fund does that by holding all of the securities in the index. Arbitrage mechanisms exist to ensure that SPY stays close in value to the S&P 500 on a minute-by-minute basis. UMM and DMM are different. For one, they don't hold "housing." All they hold is Treasuries. They deliver the return of the Case-Shiller index because they are contractually obligated to shift those Treasuries back and forth between the two funds based on the direction of the index: If the index goes up, Treasuries go from DMM to UMM; if it goes down, the opposite happens. This unique structure—often called a "teeter-totter"—is what lets MacroShares track nontypical financial metrics like "house prices." Theoretically, they could be tied to anything. Full Story:  http://www.indexuniverse.com/blog/5813-underneath-the-hood-of-the-macroshares-housing-prices-etfs.html
NYSE:DMM May 7, 2009 10:08am

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