8 Articles match "California","Course","Foreclosures"

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• Foreclosures: the Coming California Crash?
  
  California foreclosure investors now have an opportunity to tap the knowledge of a 25-year real estate investing veteran who correctly predicted the last two major swings in the California real estate market and is on the verge of correctly predicting another. “Bruce Bruce Norris was dead right” about home prices in California doubling in the early 2000s after hitting bottom in 1997, said Michael Carney, Director of the Real Estate Research Council of Southern California. Carney went on to say that he thinks Norris’ latest prediction, made in early 2006, that foreclosures will soar and home prices will plummet in the next few years is also likely to be correct.
  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 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., and Director of the Real Estate Research Council of Southern California .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
  
  If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices. At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. LONG BEACH, Calif. — The CAR forecast also calls for a 2 percent
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Credit Card and Mortgage Debt Fuels Foreclosure
  
  No word better describes why millions of Americans are now facing foreclosure. The study showed that consumers carried debt loads that substantially exceeded their income and, as a result, bankruptcy — or foreclosure — were their only reasonable options. Not surprisingly, more than 115,568 properties entered some stage of foreclosure nationwide in October, according to RealtyTrac’s U.S. Debt! Last year, the average American receiving financial counseling earned $27,000 annually and had $38,500 of unsecured debt spread over eight credit cards, according the National Foundation for
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure "Megatrends"
  
  Foreclosures are rising. In a presidential year, Uncle Sam and politicians nationwide are rushing to unveil new and bolder schemes to unravel the foreclosure crisis. As federal, state and local government weighs in of the rising foreclosure mess, look for new plans to halt the foreclosure train wreck. Lawyers in California — for a fee, of course — will show Home prices are falling. Sales are down.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Stacking Up 2007 Metro Foreclosure Rates
  
  It was the usual suspects topping the 2007 MSA Foreclosure Rate Rankings released by RealtyTrac today. Detroit, Stockton and Las Vegas were the top three, each with more than 4 percent of total households in some stage of foreclosure during the year. Five other California metro areas joined Stockton in the top 20: Riverside-San Bernardino at No. 4, Sacramento at No. 5, Bakersfield at No.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Won't Break the Market Next Year
  
  The severity of that impact, however, is open to discussion — depending, of course, on how you choose to massage the data to prove your point. Delivering the results of his research as part of an economists’ panel on the last day of California Realtor Expo 2006 in Long Beach last week, Christopher Cagan, Ph.D., Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of The ups and downs of every economic cycle have always been directly impacted by the health of the real estate sector. All those who bought or refinanced
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  More from Shulman and several other leading economists in the October issue of the Foreclosure News Report , scheduled to be available in mid October.) Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Posted 09-30-2008 11:27 AM by darenb Filed under: Foreclosure Trends , Real Estate Trends Comments
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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