9 Articles match "Appreciation","California","Houses"

• The Best from RealtyTrac

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• A 'Dialogue' on the Housing Market
  
  In California, for example, 27 percent of all mortgages were so-called “option ARMs,” where the buyer pays 1 percent interest and the underpaid amount gets added to the loan’s principal. “Our When people expect the market to keep appreciating, prices have gone up 15-20 percent. Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006. Chief among those — local economic conditions, poor planning for the future by home buyers, and
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Latest Census Data Suggest More Foreclosures Coming
  
  homeowners lead to a sharp rise in foreclosures and a collapse of the so-called housing bubble? Census Bureau , based on 2005 data, suggests that the American public is spending more of their disposable income on necessities — especially owner occupied and rental housing. Foreclosure Market Report for August 2006 , the city also had the third highest number of foreclosures in California with a foreclosure rate of one new foreclosure filing for every 745 households — 1.35 Will the thinly stretched finances of U.S. A new report just released by the U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures: Chicken or Egg?
  
  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 and Director of the Real Estate Research Council of Southern California . I think there were troubles to start with; that’s what caused the defaults and foreclosures,” said Dr. Michael Carney, Professor of Finance and Real Estate at Cal Poly University in Pomona, Calif.,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Study Forecasts Rising Subprime Foreclosures
  
  The study, which cites RealtyTrac numbers as one of its sources, looked at subprime foreclosure rates from 1998 through 2006 and closely ties those rates to house price appreciation. The projection of an accelerating subprime foreclosure rate is based on the expectation that house price appreciation will continue to slow. The study argues that subprime foreclosures will heavily impact A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Credit Card and Mortgage Debt Fuels Foreclosure
  
  Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Rising interest rates have caught many homeowners in a “can’t pay, can’t sell, can’t refinance” vise, in which their ARM payments are outpacing their incomes and their homes have not appreciated enough to help cover the cost of a refinanced mortgage or to allow them to sell and walk away. Considering that the housing market is expected to continue to be slow through 2007, there could be increases Debt! No word better describes why millions of Americans are now facing foreclosure.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Where to find the best deals on foreclosures
  
  Those types of bargains are well within the parameters of what most experienced investors consider a sound investment, even in areas where home value appreciation is relatively slow. For example, the average savings on a foreclosure property in California was less than 20 percent. While that’s still a significant savings, the state’s booming property value appreciation rates mean a buyer It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area. Our
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• ARM'd and Dangerous?
  
  Under "normal" circumstances, wedprobably look at the Midwest rates and chalk them up tohigher-than-average unemployment rates (a very strong predictor offoreclosure rates) and lower-than-average house appreciation ratescoupled with weak housing demand. In a worst-case scenario, this could have adevastating effect on the housing markets, driving down housing pricesand creating a "negative equity" spiral of sorts, and leading tothe kind of massive increases in foreclosures that some of the gloomand doom types have been predicting. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Bush Foreclosure Solution Just Adds Water
  
  Bush came out with a public policy statement negating any possibility of either a homeowner, or a lender bailout, given the impact the current mortgage crisis is having on the nation’s housing economy. So it comes as a surprise of sorts that the White House issued a statement earlier this week supporting the recent passage of HR 3648 by the House of Representatives, while at the same time asking that a key provision of the bill be watered down to the point of making its implementation temporary at best. Charles Rangel (D-NY), Chairman of the House Ways and
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  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. quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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