Prepare For The Coming Housing Collapse

Editor’s Note: Keith Jurow has been posting articles regularly for the past two years on BUSINESS INSIDER. He is the author of Minyanville.com’s Housing Market Report.

After being one of the few analysts who was correct in stating for the past two years that there is no housing bottom in sight, it’s time for me to tell you what I see ahead.

Housing pundits are nearly unanimous in declaring that housing markets are showing signs of bottoming. This is nonsense!  Read the full article here

Is Now the Time to Buy Your First House?

It's been a scary few years for the housing market. But at some point, the nightmare has to end (please?). Is now the time? Should first-time home buyers consider jumping into the market?

After all, home prices have fallen 34% from their 2006 peak and mortgage rates are hovering at or near record lows.

On one side are those who argue that homes are more affordable than they have been in decades, based on how much monthly income a mortgage consumes and whether owning is less costly than renting.

An uptick in home buying by investors already is under way, they say—an indication that those who wait may miss out on a good buying opportunity.

On the other side, Read the full article here

Americans: Too broke to go bankrupt

NEW YORK (CNNMoney) -- This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy.

The average cost to file for Chapter 7 bankruptcy protection, the most common form of consumer bankruptcy, is more than $1,500, according to recent research submitted to the National Bureau of Economic Research.  Read full article here