3 Articles match "2006","January","New York"
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High-End Foreclosures Rising Among Top Tier Homes
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. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
www.realtytrac.com
- Tuesday, February 3, 2009
Subprime Market Sinking Further Into the Abyss
Borrowers began feeling the effects of those resets during the second half of 2006. The latest victim of its own success is New Century Financial Inc. which just last month was boasting an increase in loan production for January 2007 over numbers reported for the same month a year earlier. As a result, the lender’s The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Home Prices Fall Deeper Into the Abyss
Home prices in its original composite 10 metro areas fell to a new record low, down 16.9 percent from May 2007 to a level below where home prices stood back in January 2000. Washington, Los Angeles, New York and Miami are highlighted in a S&P press release as the best performing markets overall since January 2000. Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices . In
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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Home Prices Fall Deeper Into the Abyss
Home prices in its original composite 10 metro areas fell to a new record low, down 16.9 percent from May 2007 to a level below where home prices stood back in January 2000. Washington, Los Angeles, New York and Miami are highlighted in a S&P press release as the best performing markets overall since January 2000. Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices . In
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Subprime Market Sinking Further Into the Abyss
Borrowers began feeling the effects of those resets during the second half of 2006. The latest victim of its own success is New Century Financial Inc. which just last month was boasting an increase in loan production for January 2007 over numbers reported for the same month a year earlier. As a result, the lender’s The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
High-End Foreclosures Rising Among Top Tier Homes
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. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
www.realtytrac.com
- Tuesday, February 3, 2009
