10 Articles match "2006","California","Research"

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• Foreclosures: the Coming California Crash?
  
  California foreclosure investors now have an opportunity to tap the knowledge of a 25-year real estate investing veteran who correctly predicted the last two major swings in the California real estate market and is on the verge of correctly predicting another. “Bruce Bruce Norris was dead right” about home prices in California doubling in the early 2000s after hitting bottom in 1997, said Michael Carney, Director of the Real Estate Research Council of Southern California. Carney went on to say that he thinks Norris’ latest prediction, made in early 2006, that foreclosures will soar and home prices will plummet in the next few years is also likely to be correct.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Data Suggests Decline in California Foreclosures
  
  California’s latest economic numbers reported by forecasters at the A. Gary Anderson Center for Economic Research at Chapman University suggest that the number of foreclosures for the state will continue to dwindle for the foreseeable future. The current Chapman estimate is for 226,000 jobs to be created by year-end 2006, with another 150,000 jobs added during 2007. This sheds light on some of the most recent foreclosure statistics published by RealtyTrac (see our latest report) , which show decreasing numbers of new filings in March and April, and May numbers up only slightly.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• California Foreclosures 2007: Steady As She Goes
  
  Through November, RealtyTrac tallied nearly 130,000 properties that entered some stage of foreclosure in California alone during 2006; accounting for roughly 11 percent of the nation’s foreclosures for the same period. Gary Anderson Center for Economic Research at Chapman University in Orange, Calif., seem to indicate that California is A dubious honor at best, the Golden State maintained a level of foreclosure activity during the past year that kept it in the nation’s upper echelon in terms of state foreclosure totals. The state hit its peak towards the end of
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures: Chicken or Egg?
  
  One Southern California economist believes they’re clearly a symptom. “I and Director of the Real Estate Research Council of Southern California . Carney was speaking at the research council’s most recent quarterly luncheon, where foreclosures were the topic of the day. Carney pinpointed the root cause of Southern It’s a classic chicken-and-egg question: are foreclosures a cause or a symptom of the slumping housing market? I think there were troubles to start with; that’s what caused the defaults and foreclosures,” said Dr.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
  
  If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices. At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. LONG BEACH, Calif. — The CAR forecast also calls for a 2 percent drop in
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Won't Break the Market Next Year
  
  Delivering the results of his research as part of an economists’ panel on the last day of California Realtor Expo 2006 in Long Beach last week, Christopher Cagan, Ph.D., Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of adjustable-rate mortgages ready to reset to higher interest rates in both 2007 and 2008, he believes the number of defaults and foreclosures resulting from the increased mortgage payments will be “painful but won’t break the economy or the market.” Basing his comments on data collected
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Cagan: Big Scary Numbers, Little Impact
  
  Despite so many zeroes and commas in his numbers, however, Cagan assured industry professionals attending a recent meeting of the Real Estate Research Council of Southern California that those very long numbers will have little impact on the national economy, although they will pack quite a punch for the people most immediately affected by them – lenders, borrowers and investors. “This Based on his latest property surveys (conducted December 2006), the Director of Research and Analytics for First American CoreLogic concluded in his latest report titled, “Mortgage Payment Reset:
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Clash of Cultures at CAR Expo
  
  The opening session of what is billed as “Tech Tuesday” at the California Realtor Expo 2006 provided a somewhat unvarnished glimpse into how some Realtors are responding to real estate websites that are lifting the veil on home valuations and other previously hard-to-find real estate data. In short, some Realtors take offense at such sites, which they see as giving consumers a false belief that much of the research involved in a real estate transaction can be done without the help of a Realtor. “I LONG BEACH, Calif. — I don’t think value is being inserted,” said an impassioned
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A 'Dialogue' on the Housing Market
  
  Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006. Gary Anderson Center for Economic Research at Chapman University , the key concern is all those people who signed up for those “exotic” adjustable-rate mortgages in 2005 and thereafter. Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates. Now the stage is set.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  percent from their peak in July 2006. "There quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More And you see states passing laws, like Californias SB 1137, aimed at giving homeowners a better chance of getting a loan workout rather than a foreclosure. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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