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28 Articles match "2008","Press","Real Estate"
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The Latest from RealtyTrac
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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 Does this make it a good time to buy real estate? have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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"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 real estate words 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Forecasters Change Housing Estimates for '07/'08
million for 2008. 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 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.” With the housing market languishing on the downslide, 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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Burning Down the House
For many real estate investors, the foreclosure market is smoking. Foreclosures nationwide are heating up, especially in once-supercharged real estate bubbles like Florida, California, Nevada and Arizona. But in Michigan, where foreclosures are widespread and a hot market for real estate investors, people are burning down the homes to avoid foreclosure . . . literally! Last month, a Michigan homeowner in foreclosure was arrested for allegedly setting her three-year old Grand Rapids home on fire to collect the insurance money, according to the Grand
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Florida Homeowners Overconfident Despite Foreclosures?
Their least concern: falling victim to mortgage fraud -- even though the survey says that Florida is the top state in the nation for such fraud (something that is, unfortunately, always associated with real estate investors working in the foreclosure arena). One local expert quoted in press reports last week suggested that increasing foreclosure activity in Florida may become a trend rather than a momentary blip on the housing radar screen. Results of a new study released last week by Attorneys Title Insurance Fund (The Fund) suggests that Florida homeowners are feeling pretty good nowadays about the value of their homes and the potential for those values to rise further in the future.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fed's Cautionary Stance Predictable
just released its weekly report on jobless claims, noting that new claims for jobless benefits rose last week to the highest level seen in more than six years, according to the Associated Press . What does all this mean for prospective home buyers and real estate investors looking to take advantage of present market conditions? It means that we haven’t seen a market Did anyone really expect anything else out of Ben Bernanke and the other 10 members of the Federal Open Market Committee this time around? No, they didn’t.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Jackson Takes a Final Bow at HUD
The official press conference came in the afternoon. However, like on so many occasions the press got wind of the announcement before it happened and started writing about it ahead of time. These “HUD homes,” like any homes that go back to a lender who forecloses, are a good potential pool of resources for investors and wannabe homebuyers looking to purchase bargain real estate. Posted 04-02-2008 9:00 AM by joelc Filed under: Foreclosure Trends He gave himself a couple of weeks to clean out his desk, clear out of his office and say his final goodbyes to his staff.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Michigan Goes Hollywood to Help Homeowners
In June 2008 — the most recent monthly ranking available from RealtyTrac — the Great Lakes State ranked fifth nationally, reporting 12,025 properties with foreclosure filings, accounting for 5 percent of the nation’s total foreclosure filings for the month. In a press release distributed by the Michigan State Housing Development Authority , the goal of the show is to provide programming that will give “realistic advice to improve the quality of life for everyone and lead to vibrant cities and neighborhoods across the state.” Lights! Camera!
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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40 Is the New 30 for Lenders and Investors
Tauting the lower monthly payments the new product offers will appeal to first-time buyers, consumers in high-cost markets, real estate investors and buyers on a fixed income, the companys press release also warns that equity will build up more slowly as a result of the lower payments and a lot more total interest will be paid over the extra 10 years. For real estate investors it could be a double-edged sword. Well, as Fed Chairman Ben Bernanke decides on his next move -- will he or wont he ratchet up interest rates another 25 basis points next month as most economists are predicting -- mortgage lenders are also pondering their next moves.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Prices Fall Deeper Into the Abyss
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 For potential homebuyers, investors and real estate professionals, it means the flow of foreclosed properties should continue into the indefinite future — 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
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Fed Pauses to Pass the Popcorn Around
The bond market — which called for the Fed to take a breather from making further adjustments — went unchanged for the day, and the real estate industry — which believes the market is in the midst of a major period of correction and headed for a soft landing — breathed a momentary sigh of relief. The problem is, in Tuesday’s press release the Fed noted the slowing growth rate of the national economy, directly commenting on “the gradual cooling of the housing market and the lagged effects of increases in interest rates and energy prices.” Alan Greenspan started directing this movie more than two years ago when he made the first of 17 consecutive edits (so-called “adjustments”) to interest rates, raising them 25 basis points each.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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