UCSD Ph.D. candidate Sam Dastrup has completed a very interesting study with his advisor Professor Richard Carson of what accounts for differences across U.S. communities in the magnitude of the decline in real estate prices that we've seen over the last several years.

Although many commentators write as if there were a national housing market, there have been huge differences in the experience across communities. Dastrup and Carson examine the OFHEO matched-sale data for house prices as calculated separately for 358 U.S. standard metropolitan statistical areas. As seen in the map below, the magnitude of the price decline has differed greatly across U.S. communities, with the biggest drops in the southwest, Florida, and Michigan.

Magnitude of house price declines for 358 SMSAs. Source: Carson and Dastrup (2009).

Dastrup and Carson look at how the magnitudes of the price

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Thursday November 18, 2009

DrStockPick.com Stock Report!

PWRM, HZHI, HCEI, CVAT, PSFT, TAXS, CSRH, AQNM

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HCEI, Healthy Coffee International Inc., HCEI.PK

HCEI is well positioned in the market place at the intersection of three mega-billion dollar industries: coffee, wellness and energy drinks, and has quickly established offices in 9 countries and distributors in 29 other countries through its marketing subsidiary Healthy Coffee USA, Inc. (www.HealthyCoffee.com) which uses a simple and unique Internet-driven international business model that allows the average person to own and operate a local, national, or international coffee distribution or coffee house

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The Mortgage Bankers Association (MBA) reported today that mortgage delinquencies hit a record high in the third quarter: "The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.64 percent of all loans outstanding as of the end of the third quarter of 2009, up 40 basis points from the second quarter of 2009, and up 265 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 108 basis points from 8.86 percent in the second quarter of 2009 to 9.94 percent this quarter." (For more, click here.) Unlike the TransUnion report that came out yesterday, the definition of being delinquent is a bit more expansive in this report, covering all mortgages that are at least one payment behind, while the TransUnion report was for mortgages that ...

Doug Casey is an American free-market market economist, financial author and entrepreneur. He has been writing a monthly investment newsletter, the International Speculator since 1979 and I always find his ideas quite refreshing.

I the paragraphs below, he is interviewed by Louis James, editor of the International Speculator.

L: So, Doug, it’s well known that in addition to investing in resource stocks, especially gold juniors, you also have a passion for playing the real estate market. What can you tell us about real estate in today’s world?

Doug: Real estate has been very, very good to me. The reason that’s true is that I buy only things that I like myself. I don’t try to second-guess what other people may want. If you do that, you’re guaranteed to wind up with mediocre stuff that nobody really wants. I have an inclination

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Wednesday November 18, 2009

DrStockPick.com Stock Report!

PGCX, Pangenex Corporation, PGCX.PK

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PanGenex Expands Clinical Trial Sites after Promising Pre-Clinical Data about Lower Coronary Arterial Calcium Scores in Cardiac Patients

TAMPA, Fla.–(CRWENEWSWIRE -Nov 18, 2009)–PanGenex Corporation (Pink Sheets: PGCX) (“PanGenex” or “the Company”) announced that due to promising pre-clinical results from its clinical trial at the Cardiovascular Institute of the South (http://www.cardio.com/site1.php), the Company will extend its trial to two additional sites.

The Company initiated a 100 patient, placebo based, double blind clinical trial at the CardioVascular Institute of the South. Early results

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Tuesday November 17, 2009

DrStockPick.com Stock Report!

PWRM, HZHI, HCEI, CVAT, PSFT, CSRH, AQNM

**************************************************************

HCEI, Healthy Coffee International Inc., HCEI.PK

HCEI is well positioned in the market place at the intersection of three mega-billion dollar industries: coffee, wellness and energy drinks, and has quickly established offices in 9 countries and distributors in 29 other countries through its marketing subsidiary Healthy Coffee USA, Inc. (www.HealthyCoffee.com) which uses a simple and unique Internet-driven international business model that allows the average person to own and operate a local, national, or international coffee distribution or coffee house business

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This morning Trans Union, the big credit bureau, released its quarterly report on mortgage delinquencies, and it was not pretty. Nationwide, 6.25% of all residential mortgages were at least 60 days past due in the third quarter, up from 5.81% in the second quarter and 3.96% a year ago. This was the 11th straight quarter that delinquencies increased. Mortgage delinquencies are the first step in a house eventually going into foreclosure, so look for those to start heading up again. Foreclosures have been held down by trial modifications under the HEMP program, but very few of those have gotten to the stage of being final modifications. And even when mortgages are modified, there is a strong tendency for those people to again find themselves in financial trouble. Clearly people not paying on their mortgages is not good news for the big banks like Bank of America (BAC) ...

For Immediate Release

Chicago, IL – November 17, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JPMorgan Chase (JPM), Fifth Third Bancorp (FITB), Zions Bancorp (ZION), SunTrust Banks (STI) and PNC Financial (PNC).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s Analyst Blog:

Bank Failures Rise to 123

The failed banks were -- Century Bank, FSB of Sarasota, Florida with $728 million in assets and $631 million in deposits, Orion Bank of Naples, Florida with about $2.7 billion in assets and $2.1 billion in deposits and Pacific Coast National Bank of

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Monday November 16, 2009

DrStockPick.com Stock Report!

HCEI, HZHI, CVAT, PWRM, PSFT, CSRH, AQNM

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HCEI, Healthy Coffee International Inc., HCEI.PK

HCEI is well positioned in the market place at the intersection of three mega-billion dollar industries: coffee, wellness and energy drinks, and has quickly established offices in 9 countries and distributors in 29 other countries through its marketing subsidiary Healthy Coffee USA, Inc. (www.HealthyCoffee.com) which uses a simple and unique Internet-driven international business model that allows the average person to own and operate a local, national, or international coffee distribution or coffee house business

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Monday November 16, 2009

DrStockPick.com Stock Report!

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Healthy Coffee International, Inc. (Pinksheets:HCEI) has included to Mr. Michael Sharp to its team of sales leaders. A native of Florida, Mr. Sharp has over 20 years of combined experience in the network marketing business, representing three Multi Million Dollar MLM companies before moving to Japan. He has also worked as a motivational speaker for two large MLM companies, and was a former trainer with Disney World. His other list of activities include writing and publishing short stories for

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