14 Articles match "2008","Properties","Residential"

The Latest from RealtyTrac MORE
Option ARM Borrowers Running Out Of Time
See: "Option ARMs, Its Later Than It Seems," September 2008.) According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option adjustable rate mortgages," option
www.realtytrac.com - Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
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 will take awhile to rebound, according to many economists. "I quot;I think this time residential housing is in the 100-year flood, and I think it's going to take a long time to recover," said David Shulman, senior economist at the UCLA Anderson Forecast , at the Zelman & Associates Housing Summit in Dallas on Sept.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Waning Confidence a Concern That May Help Foreclosures
Declining numbers are being felt across the board in residential building permits, housing starts (projected to be down 10 percent for 2006 and another 6 percent in 2007) and completions, resulting in a total $64 billion drop in residential construction. If these concerns fuel a downward spiral, home prices could drop significantly, resulting in a loss of homeowner equity (which in itself could have serious economic repurcussions) and an increase in the inventory of foreclosure properties. Experts like Doti see this scenario as unlikely. Economics 401 – Effects of a housing ‘slump’? When James L.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Fannie: Q1 a Swift Kick in the Rear
    CNNMoney reported last Tuesday that Fannie’s CEO Daniel Mudd is optimistic overall about the company’s future, but sees more challenges lying ahead for the rest of 2008 and possibly beyond. “As As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss nationally for all of 2008, to a 7 to 9 percent loss for the year, with significant regional differences in the rate of home price declines. It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
    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 basis the
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Waning Confidence a Concern That May Help Foreclosures
    Declining numbers are being felt across the board in residential building permits, housing starts (projected to be down 10 percent for 2006 and another 6 percent in 2007) and completions, resulting in a total $64 billion drop in residential construction. If these concerns fuel a downward spiral, home prices could drop significantly, resulting in a loss of homeowner equity (which in itself could have serious economic repurcussions) and an increase in the inventory of foreclosure properties. Experts like Doti see this scenario as unlikely. Economics 401 – Effects of a housing ‘slump’? When James L.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Rate Cut, Real GDP Are Some Positive News
    percent during the first quarter of 2008, the same rate of increase as tracked for the fourth quarter 2007. calls the “real residential fixed investment”), marked by a 26.7 2008 is definitely a good time to jump into the water and find that property that meets your criteria — and at bargain prices too for the time being (however long that is). Posted 05-01-2008 3:30 PM by joelc 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Immediate Relief Nowhere to Be Found
    came out with negative reports this month, supporting the notion that the nation’s inventory of available properties — particularly the supply of properties in foreclosure — will remain elevated for at least the immediate future. According to its latest report released Tuesday, Standard & Poor’s said home prices across the nation continued to fall in April 2008, with prices in all 20 metro areas it studies for the S&P/Case-Shiller Home Price Indices showing annual declines. Three top indices of economic health in the U.S. Of those 20 metros,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Short sales rising
    Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage. Short Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. A
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Housing glut gives foreclosure buyers and investors advantage
    Housing starts tumble sharply New residential construction fell sharply in January, plunging 14.3 For real estate investors and home buyers, weakness in January construction means that builders will slash prices and offer incentives to motivate buyers into writing offers. Foreclosures surge upward The biggest news in residential real estate, however, seems to be foreclosures. The time has never been better for aspiring real estate investors, home buyers and real estate agents Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Will Homeowners Sink or Swim?
    RealtyTrac™ ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, released its September 2006 U.S. Foreclosure Market Report, which shows 112,210 properties nationwide entered some stage of foreclosure during the month, a decrease of less than 1 percent from August, and a 63 percent increase from September 2005. Earlier in the year, there was a lot of discussion about a “soft landing” for the residential real estate Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Governor Suspends Controversial Law Affecting Investors
    But House Bill 4050 (renamed Public Act 94-280) is now null and void, which should be a relief to real estate investors and prospective homebuyers looking for bargain property in south Chicago . A statement released by Dean Martinez, Secretary, Department of Financial and Professional Regulation, explained the decision to suspend the law by stating, “the Secretary received and reviewed information that suggests that the prior designation may be detrimental to the Pilot Program’s purpose, namely, to curb predatory lending practices in areas with high rates of foreclosure on residential
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • More Powerful Than a Foreclosure
    rdquo; So much for old ‘60s TV shows! In today’s world where foreclosure numbers are running rampant, especially in parts of Florida (where 37,364 properties with foreclosure filings were reported in May), distressed homeowners could use a superhero of their own to help them avoid or stop the foreclosure process. In 2006 he formed The O’Neal Group looking to develop both commercial and residential projects. “Faster than a speeding bullet. More powerful than a locomotive.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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