16 Articles match "2007","Research"

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As Home Prices Plummet, When Will You Buy?
percent from July 2007, the smallest annual decline among the 20 cities tracked in the report, followed by Dallas, which reported a 2.5 In my opinion, we are going to see around 50% home price drop from peak in 2007(for south land) before price can stabilize. If you move westward other cities like Upland, Claremont, La Vern, San Dimas, Glendora, Azusa, Covina, Monrovia, Arcadia, San Gabriel, Temple City, Alhambra, Rosemead and Monterey Park, house price does not drop too much, probably around 5 to 10%. 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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Economic Indicators Support Slow Gain in Foreclosures
And based on the latest available national economic data, indications for the remainder of 2006 through 2007 are consistent with RealtyTrac’s May 2006 U.S. Gary Anderson Center for Economic Research at Chapman University have a stellar track record when it comes to projecting the direction of economic activity. percent before dropping back slightly in 2007. Economics 101 – Interest Rates Now that we are hovering at the mid-year point, economists are starting to review their projections for this year. Foreclosure Market Report, which shows a 2 percent increase in foreclosure
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Rise in Home Values Keeps Foreclosures in Check
Gary Anderson Center for Economic Research at Chapman University, home price appreciation on the national level has been virtually unstoppable since 1980. percent rate of appreciation by the end of 2007, still above the national norm, and still a positive sign that the economy is holding its own. Economics 301 – Home Price Appreciation and Household Net Wealth According to the Business & Economic Review June 2006 released last week by the A. Reaching a double-digit peak above 14 percent before dropping back to 9 percent over the past six months, the rate of price appreciation
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Before You Buy a Foreclosure Property, Do Your Homework!
    There are two words that give pause to the most motivated real estate buyer or investor: property researc
    RealtyTrac Article Library - Monday, November 5, 2007
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  • Before You Buy a Foreclosure Property, Do Your Homework!
    There are two words that give pause to the most motivated real estate buyer or investor: property researc
    RealtyTrac Article Library - Monday, November 5, 2007
    READ MORE
  • California Foreclosures 2007: Steady As She Goes
    Gary Anderson Center for Economic Research at Chapman University in Orange, Calif., That said, foreclosure levels for 2007 are more likely to be a continuation of 2006, rather than a reprise of the early 1990s when foreclosures were rampant due to extensive job losses, high interest rates, high inflation and a resulting recession. At the end of the day, it will all amount to an economic environment in 2007 that will not be kind to distressed homeowners who need to sell to avoid foreclosure. 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures: Chicken or Egg?
    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. That slowing of demand had a domino effect, causing home sales to slow and home price appreciation to flatten and even go negative in the first quarter of 2007, according to Carney’s research. It’s a classic chicken-and-egg question: are foreclosures a cause or a symptom of the slumping housing market? One Southern California economist believes they’re clearly a symptom.
    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. The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting a soft landing and few were expecting prices to fall and sales to plunge. LONG BEACH, Calif. — At Wednesday’s Opening Session of California Realtor EXPO
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • MBA Numbers Mirror RealtyTrac Data:
    Looking ahead to 2007, the mortgage association expects delinquencies and foreclosures to continue on the rise at a “modest increase” over the next several quarters “as the housing market bottoms.” The MBA survey mirrors recent research conducted by RealtyTrac. The number of delinquent mortgage payments and foreclosures jumped in recent months, according to a new survey released today by the Mortgage Bankers Association . The MBA’s quarterly report — surveying more than 42 million mortgages nationwide — found that the rate of delinquencies and foreclosures rose to 4.7
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Forecasters Change Housing Estimates for '07/'08
    Gary Anderson Center for Economic Research at Chapman University in Orange, Calif., 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. Still, Doti, along with his colleague Essie Adibi, director of the Anderson Center, are diligently standing by their 2007 forecast made last December that real GDP will The nation’s housing market is not cooperating the way analysts at the A. had hoped
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Data Suggests Decline in California Foreclosures
    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. California’s latest economic numbers reported by forecasters at the A. 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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  • Economic Indicators Support Slow Gain in Foreclosures
    And based on the latest available national economic data, indications for the remainder of 2006 through 2007 are consistent with RealtyTrac’s May 2006 U.S. Gary Anderson Center for Economic Research at Chapman University have a stellar track record when it comes to projecting the direction of economic activity. percent before dropping back slightly in 2007. Economics 101 – Interest Rates Now that we are hovering at the mid-year point, economists are starting to review their projections for this year. Foreclosure Market Report, which shows a 2 percent increase in foreclosure
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 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 on first mortgages
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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