9 Articles match "2008","Note","Sales"

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• Forecasters Change Housing Estimates for '07/'08
  
  million for 2008. Our forecast calls for housing prices to decline around 5 percent before relatively strong job growth helps to bring about a recovery by late 2008.” According to their latest figures, Doti noted that price appreciation on resale housing peaked during the third quarter of 2005 at 14.2 With the housing market languishing on the downslide, Doti expects export sales — which are 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
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• Housing Slump Prelude to Recession, Study Says
  
  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. 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. Harvard University’s Joint Center for Housing Studies painted
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• OTS Director Offers Alternative Plan to Congress
  
  million American families with 2/28 and 3/27 mortgages are scheduled to reset by the end of 2008), Reich relied on a number of sources to support his point, including foreclosure numbers from RealtyTrac. Under the FHA Housing Stabilization and Homeownership Retention Act of 2008 (the HSHR Act), the FHA proposes to guarantee up to $300 billion in new mortgages to refinance existing eligible mortgages originated between January 1, 2005 and July 1, 2007, the report notes. In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures: Chicken or Egg?
  
  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. The slowing sales and stagnant home prices have in turn contributed to a sharp rise in defaults and foreclosures . And rising defaults and foreclosures is not typically a one-quarter or even 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. “I
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Buying Foreclosures at the Auction: Make a Killing or Get Killed
  
  “Buying foreclosed real estate at an auction is like having a license to steal,” says Larry Blachman , a Realtor who specializes in foreclosures and author of Buying Foreclosures at a Trustee’s Sale. Take careful notes. But buying foreclosed homes at an auction is also probably the most dangerous way to purchase real estate — unless you know how the process works. “If If you know the game, you can make a killing; if don’t, you can get killed,” added Blachman. RealtyTrac expects foreclosure activity to rise in the next couple of years, meaning more foreclosed properties will
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• California Foreclosures 2007: Steady As She Goes
  
  Only a slight uptick in job creation throughout California is expected, along with low housing affordability, a larger inventory of unsold houses, declining home prices, lower sales volume and less residential construction. percent of the median family income to purchase a median-priced home at the national level, Adibi noted. 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. A dubious honor at best, the Golden
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Local Market Perspective: Cape Coral, Fla.
  
  Editor's Note: This is the first in a series of guest blog posts from members of the RealtyTrac Agent Network . Bulk Sales in developments are almost becoming the normal procedure to really find a great deal. The agents will be sharing their insights about what is happening on the ground in their local housing market, particularly as it relates to foreclosures. Your comments, questions and feedback are welcome. Gloria Tate Raso Realty, Inc. I work with buyers in my area; new jargon and issues are making buying a home more difficult than ever before.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  We sold a condo and bought a single-family home.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Another Approach to $700 Billion Bailout
  
  If a typical home has an average sale price of about $220,000 (many homes now facing foreclosure were financed several years ago with two loans, thus first loans are often significantly less than current market values), and if the average mortgage is $176,000 (80 percent of market values) then the total value of such mortgages would be $440 billion. Lenders accepting this money now would have to modify each current mortgage to a fixed rate established by Uncle Sam as well as a renewed 30-year term. "Borrowers in this scenario would be required to share future appreciation 50/50 with
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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