10 Articles match "2006","Estimate","Sales"

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• Forecasters Change Housing Estimates for '07/'08
  
  Likewise, housing starts are forecasted to drop from their recent high in 2006 at 1.8 percent (nationally) and then plummeted to 1 percent by the third quarter of 2006. With the housing market languishing on the downslide, Doti expects export sales — which are forecasted to increase by almost $100 billion in both 2007 and 2008 — to replace real estate as the major driver of economic growth in this country. The nation’s housing market is not cooperating the way analysts at the A. Gary Anderson Center for Economic Research at Chapman University in Orange, Calif.,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• UCLA: Crash and Burn Unlikely for National Economy
  
  But in their Q3 2006 report , forecasters at UCLA’s Anderson School of Management are calling for the Federal Reserve to reduce the Federal Funds Rate to 4.5 Home sales and housing starts, the report estimates, will both drop (12 percent and 26 percent respectively) with home prices declining on a year-over-year basis as the economy heads for a soft landing. But while the economy’s air traffic controllers The nation’s economy, driven mostly by the real estate sector, has been flying at Mach 1 in clear blue skies for a number of years. Now, however, some clouds are starting
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Housing glut gives foreclosure buyers and investors advantage
  
  Home prices and sales plunge Sales of existing single-family homes declined in 40 states and in half of the nation’s biggest metropolitan areas in the last three months of 2006, according to the National Association of Realtors . At the same time, Nevada sales plunged 36 percent, while Florida posted a decline of 31 percent. Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Greed and Deceit Get Their Comeuppance in Any Cycle
  
  For all of today’s lenders who threw caution to the wind looking to cash in from the real estate frenzy of the past six years, the price they’re paying is bankruptcy, corporate dissolution or sale, or at least eliminating their subprime divisions. In all, an estimated 3,200 employees lost their jobs when it was announced. New Century is just the latest of many lenders in the subprime market that are now either filing for reorganization under Chapter 11 or trying to sell their subprime operations and laying off employees — like at Option One Mortgage . Greed and deceit.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• When Foreclosure Is Not Politically Correct
  
  bathrooms on a 4,800 square-foot lot she purchased after being elected to the state assembly back in 2006. RealtyTrac estimates the current market value of the property at $503,000. 14, 2007 for $18,356, followed by a Notice of Trustees Sale being recorded on March 19, 2008. Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures. But the topic of foreclosure recently became much more personal for one Long Beach, Calif .,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Bank-Repossession Beat Continues in March
  
  And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what is called a deed in lieu of foreclosure. Although we have not broken down foreclosure data by last sales price, we have broken
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Feb. Foreclosure Report: Are We at Bottom Yet?
  
  If you look back at the RealtyTrac monthly reports, activity has increased on a year-over-year basis every month since January 2006, the first month that YOY stats were available. So the overall trend -- at least on a national basis -- is steadily upward. If you estimate about 50 million outstanding mortgages, it would be about one in every 224 outstanding mortgages that entered some stage of foreclosure in February, according to the RealtyTrac numbers.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• High-End Foreclosures Rising Among Top Tier Homes
  
  Already, there’s a glut of McMansions in the $500,000 to $1 million range that have been foreclosed by lenders — and many more are falling into foreclosure, according to an analysis of RealtyTrac foreclosure records in 2006 and 2007 (see graphic). That was up 169 percent over 2006. In January, properties entering some stage of foreclosure High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Option ARM Borrowers Running Out Of Time
  
  For option ARMs originated in 2006 and 2007 LoanPerformance says that 85 percent of all borrowers are paying no more than the minimum monthly payment (MMP), according to Fitch. For instance, to reduce down payment requirements borrowers could buy with "piggyback" financing, deals with a first loan equal to 80 percent of the purchase price and a second loan equal to 10 percent, 15 percent and even 20 percent of the sale value. Option ARM Borrowers Running Out Of Time By Peter G. Miller    Step right up folks.
  www.realtytrac.com - Tuesday, February 3, 2009
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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 The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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