2 Articles match "2008","Inventory","Pennsylvania"

The Latest from RealtyTrac MORE
Now Homebuilders Face Foreclosure
based Levitt & Sons, Elliott Building Group in Pennsylvania, Turner-Dunn Homes Inc. But many homebuilders — both publicly and privately held — will become extinct in 2008. To move the glut of unsold inventory quickly, some builders are staging flashy promotions, slashing prices and throwing in “free” incentives like new appliances, new cars, granite counter tops and other sales gimmicks to try and lure nervous buyers back into the market. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
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. The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Now Homebuilders Face Foreclosure
    based Levitt & Sons, Elliott Building Group in Pennsylvania, Turner-Dunn Homes Inc. But many homebuilders — both publicly and privately held — will become extinct in 2008. To move the glut of unsold inventory quickly, some builders are staging flashy promotions, slashing prices and throwing in “free” incentives like new appliances, new cars, granite counter tops and other sales gimmicks to try and lure nervous buyers back into the market. For millions of Americans facing foreclosure, the Federal Reserve’s interest rate cut this week was welcome news that could possibly help save thousands of homeowners from default by giving them the opportunity to refinance their adjustable-rate loan into a fixed-rate mortgage with a lower interest rate.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • A Small Silver Lining in Q1 Foreclosure Storm
    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. The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE