|
|
12 Articles match "2007","Press","Real Estate"
|
The Latest from RealtyTrac
|
MORE
|
|
As Home Prices Plummet, When Will You Buy?
Blitzer, Chairman of the Index Committee at Standard & Poor's, in a press release issued to announce the numbers. "Little percent from July 2007, the smallest annual decline among the 20 cities tracked in the report, followed by Dallas, which reported a 2.5 Does this make it a good time to buy real estate? 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 released today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Legislating Lower Foreclosure Rates?
One such law is Illinois Senate Bill 2349 , which passed back in June and is scheduled to become effective January 1, 2007. This law is aimed at providing “consumer protections against property fraud for homeowners who are in default or foreclosure,” according to a press release put out by Illinois Gov. That will leave defaulted homeowners with fewer options to avoid foreclosure, let alone recoup any equity they might have in their home. Chicago Foreclosure An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
-
|
The Best from RealtyTrac
|
MORE
|
-
"Subprime" voted 2007 Word of the Year
The American Dialect Society has chosen subprime as the word of the year for 2007, reflecting a “preoccupation of the press and public for the past year with the deepening mortgage crisis.” The preoccupation with the subprime loan fallout also prompted the society to create a new category for its 18 th annual words-of-the-year vote: real estate words. Other The society defines subprime as “an adjective used to describe a risky or less than ideal loan, mortgage or investment.” Words from other categories that received votes for word of the year included “green,”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Gentle January Foreclosure Increase
Although they were up 57 percent from January 2007 and 8 percent from December, the January foreclosure numbers released today by RealtyTrac do not appear to represent the massive wave of foreclosures that is expected to hit sometime soon thanks to the rash of risky loans given to borrowers as late as just last year . And in either case, does that make the current market a good one in which to buy or invest in real estate? Its too early too tell if the relatively meek January numbers mean more distressed homeowners are staving off foreclosure thanks to increasingly pro-active lenders and government intervention , or if they just represent the first few raindrops of what will prove to be a violent thunderstorm.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Forecasters Change Housing Estimates for '07/'08
The worst of the downward national housing price spiral is not over,” said economist and Chapman President James Doti in a press release distributed Tuesday . “Our 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
-
Home Prices Fall Deeper Into the Abyss
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. ldquo;The overall real estate market continued to slide in May, with the 10-City and 20-City Composites declining by 1.0 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 .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Economic Indicators: Image Is Everything
When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. So it is with real estate. Four real estate industry related reports have already been released this week, and Wall Street has reacted. When reports of telltale economic indicators are released, if Wall Street perceives them as bad, the market takes an immediate tumble. But when the indicators reported come is as expected, the reaction is generally good and we see an uptick in market activity.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
And the Hits' Just Keep On Coming!
All well known names in the world of finance, and all are now feeling the pinch due to an unstable real estate mortgage market and the lasting impacts the subprime mortgage crisis is having on their bottom lines. For Countrywide , the second quarter of the year was a real let down with the company drawing from an $11.5 Now with the first week of October Countrywide. Citigroup.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
-
Negative Savings Rate Portends More Defaults
A Commerce Department report released last week confirmed that Americans are continuing to spend more than they make, setting the stage for more increases in foreclosure activity in 2007. Not since the Great Depression has the personal savings rate registered in negative territory for two consecutive years, according to an Associated Press article on the report. More tips on preventing The Personal Income and Outlays report pegged the countrys personal savings rate at negative 1 percent in 2006, lower than the negative 0.4 percent in 2005.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
A Small Silver Lining in Q1 Foreclosure Storm
Foreclosure activity in Detroit was down nearly 4 percent from the first quarter of 2007, although the citys foreclosure rate still ranked No. The Detroit Free Press reported that "Detroit home sales shot up 30.8% View full Q1 2008 foreclosure report . Posted 04-29-2008 2:00 AM by darenb Filed under: Pre-Foreclosures , Foreclosure Auctions , Bank-Owned/REOs While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
When Foreclosure Is Not Politically Correct
Located in the upscale Curtis Park neighborhood of Sacramento, the property has gone through the foreclosure auction process and reportedly been purchased by Red Rock Mortgage for $388,000, a far cry from the $535,000 Richardson paid for it back in January 2007. 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
|
|
|
