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52 Articles match "2008","Homes","News"
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The Latest from RealtyTrac
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No Mortgage Meltdown For These Banks
Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages. Loans can be brought current and homes can be sold or refinanced to avoid foreclosure. While many lenders are underwater, for the second quarter of 2008 the ING Group reported net income of $1.9 No Mortgage Meltdown For These Banks By Peter G. Famous lenders with once-fabulous finances are turning up in the headlines among the broke and busted.
www.realtytrac.com
- Tuesday, February 3, 2009
Fed, World's Banks Pull Off Global Rate Reduction
Now not only stock indexes are being affected, but recent news reports have focused on foreclosure problems in other parts of the world. Until the core problem with the housing and financial markets is solved, foreclosures will continue to be pervasive, offering opportunities for home buyers and investors to get into the market before it eventually turns around sometime in the next few years. In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday.
www.foreclosurepulse.com
- Thursday, December 18, 2008
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Rate Cut, Real GDP Are Some Positive News
One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies. percent during the first quarter of 2008, the same rate of increase as tracked for the fourth quarter 2007. In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the pressure on the nation’s economy by lowering the federal funds rate another 25 basis points to 2 percent (that’s a long way down from the 5.25
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Price Indices Reporting Record Lows
Home prices on existing single-family homes continued to sink further into the abyss nationally during the first quarter of 2008, according to two leading industry indicators. The Office of Federal Housing Enterprise Oversight (OFHEO) reported last week that prices fell 1.7 percent between Q1 2007 and Q1 2008 to the lowest level seen in the 17-year history of its purchase-only house price index. “These percent for the quarter, the largest quarterly price decline on record, based solely on purchase-only transactions (without refinancings). On a year-over-year
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure bargain for summer home of JFK's grandfather
A post last week on The Real Estate Bloggers recounted how the former summer home of President John F. 28 foreclosure auction . The Hull, Massachusetts home of John F. The home had been fraudulently purchased by Jamie Edelkind who was sentenced for 5 years in jail. Several Kennedys grandfather sold for a bargain price at a Feb. Kennedy’s grandfather sold at auction at a steep discount Tuesday for the price of $950,000.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Rise in Home Values Keeps Foreclosures in Check
Economics 301 – Home Price Appreciation and Household Net Wealth According to the Business & Economic Review June 2006 released last week by the A. Gary Anderson Center for Economic Research at Chapman University, home price appreciation on the national level has been virtually unstoppable since 1980. While this is good news for anyone who owns a home, there is a potential downside to this forecast for anyone interested Reaching a double-digit peak above 14 percent before dropping back to 9 percent over the past six months, the rate of price appreciation is still more than double the norm (4 percent) for the nation over time.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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$15.75 million pre-foreclosure purchase of Don Johnson's home
estate, according to an article in the Aspen Daily News . "Don Johnson may have saved his Woody Creek ranch frombeing sold Wednesday at a foreclosure auction, but it was because thecelebrity unloaded his 17-acre property Monday for $15.75 There are plenty of examplesof highly valued homes in exclusive neighborhoods in the RealtyTrac foreclosure database . A last-minute pre-foreclosure sale last week allowed actor Don Johnsonof televisions "Miami Vice," to avoid foreclosure on his Aspen, Colo.,estate, million,according to records at the Pitkin County Clerk & Recorders Office.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Home Prices Plummet, When Will You Buy?
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. quot;Little positive news can be found when cities like Las Vegas and Phoenix report annual declines as large as -29.9% Prices in those metro areas were down 19.5 percent from their peak in July 2006. "There
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Special Video Report: Renters in Foreclosure
CBS Evening News investigates the issue of renters being unexpectedly forced out of the homes they are living in because the owner has been foreclosed o
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Special Video Report: Renters in Foreclosure
CBS Evening News investigates the issue of renters being unexpectedly forced out of the homes they are living in because the owner has been foreclosed o
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Too Soon For a Comeback
Even the National Association of Realtors, which has come out with its latest report documenting a two percent decline in existing home sales for March 2008, down 19.3 Although industry analysts were anticipating this monthly decline, according to Mortgage News Daily . The NAR tried to be positive about the nation’s situation earlier this month in stating that, “Existing home sales could At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. The bottom line is that no one can say anything with 100 percent
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Housing Slump Prelude to Recession, Study Says
The nation’s housing slump, crippled by falling prices and rising inventories of unsold homes, is the worst in a generation and still hasn’t run its full course, according to Harvard University’s annual housing report. rdquo; The study, the “ State of the Nation's Housing 2008 ,” noted that housing starts, new home sales and existing home sales are at all-time lows since after World War II, while home price declines and foreclosure filings are the worst on record. Harvard University’s Joint Center for Housing Studies painted a bleak picture of the current housing downturn, claiming that “the nation is in the throes of a housing downturn that is shaping up to be the worst in a generation.”
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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