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18 Articles match "Houses","Inventory","Short"
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The Latest from RealtyTrac
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Don't Dump Investors
After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two. Why is someone who invests in real estate a “speculator” while corporations that lose billions of dollars hedging mortgage-based securities can count on the Federal Reserve to reduce short-term interest rates to bail them out? The Census Bureau says that at the end of 2007 there were 128 million housing units in the Don’t Dump Investors By Peter G. Miller When it comes to bailing out giant
www.realtytrac.com
- Tuesday, February 3, 2009
Wachovia Changes The Lending Game
If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed measures that would allow the FHA to insure up to $300 billion in special mortgages for those facing foreclosure. In effect, waiving prepayment penalties that may not be collected is far better than losing homes to foreclosures and short sales. Negative Amortization Wachovia is also trying to make the best of a bad situation in another way: If it can get option ARMs refinanced it may be
www.realtytrac.com
- Tuesday, February 3, 2009
High-End Foreclosures Rising Among Top Tier Homes
High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
www.realtytrac.com
- Tuesday, February 3, 2009
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How a Short Sale Can Stop Foreclosure, Short Selling Bank Foreclosures - RealtyTrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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2007: Housing Slowdown Good for Foreclosures
housing market into a full tailspin, according to forecasters at Chapman University in Orange, Calif. That means 2007 should be a good year for anyone involved in the foreclosure sector of the market — whether they are real estate agents, potential home buyers or real estate investors. Some highlights of the Chapman forecast: The sky isn’t falling, but housing prices are projected to decline 2.2 Housing starts are expected to remain down in many parts of the country, The cooling real estate sector will continue to plague the national economy next year, but enough positive economic fundamentals remain in place to counteract forces threatening to push the U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Seattle, Wash.
Over the past three months, my clients and I have presented nine contracts to pre-foreclosure, REO and short sale sellers. In the Northern Seattle area there currently very few REO properties, and in terms of real short sales, I have seen under 10 that are decent over the past month. Because of the lack of “urban sprawl” in Seattle we do not have the inventory of foreclosure homes that the rest of the country has. Out of those nine contracts, nine have been beat by better offers. I
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Big Ben Is Finally Talking Foreclosures
Big Ben Bernanke, that guy at the top of the nation’s financial food chain, finally admitted Tuesday in an address to a group of the nation’s community bankers that foreclosures are not going to go away anytime soon. The Fed Chief gave two reasons for the bleak forecast (both of which have been espoused in previous posts in this blog): 1) further declines in housing prices are expected; and 2) significant resets of adjustable interest rates to unaffordable levels for many borrowers who were convinced to take out the more risky loan products of the past few years. Declines in short-term
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Latest Reports Sending Out Mixed Signals
Plus, how many of those pending sales might be short sales trying to avoid foreclosure? Given the time it takes to get a bank to accept a short sale arrangement, and the extended time on the market, plus larger inventories of unsold housing (and let’s not forget about the glut of new housing out there and available as well), what are the chances that ALL these sales are going to go through? Two reports came out Tuesday that are prime examples of conflicting opinions and the confusion they can cause the average consumer or investor when it comes to assessing the state of the economy.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fed Plays a Delicate Balancing Game With Rate Cut
In a move aimed at quelling fears of a looming recession, the Federal Open Market Committee took the country’s teetering monetary affairs seriously two weeks ago and lowered the short term federal funds rate another quarter of a percentage point to 4.5 The rationale given for the move was the intensification of what the Fed continues to refer to as the nation’s housing “correction” which, by the way, has been ongoing for the better part of 2007. percent. This latest move represents the second such lowering of rates by the Federal Reserve’s Board of Governors in as many meetings.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: South Carolina
There is an immense amount of short sale activity going on. am referring to the investors who over-extended themselves with speculation, the second home buyers who bought more than they could afford, and the buyers who were talked into adjustable rate mortgages (ARM) loans so they could buy more home than they could afford. A lot of foreclosures here in South Carolina are also manufactured houses. We have a 22-month inventory (it is going down slightly) of active listings on the market right now, but we are hoping that We are seeing more and more foreclosures come onto the market at this time here in South Carolina.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fed Gives in to Peer Pressure
percent in hopes of curtailing the housing crisis befalling this country, while still keeping a careful eye on inflationary concerns. The impact, and reaction, to the cut in the Fed’s short term rate that dictates the interest consumers pay on myriad types of personal and business loans, was immediate and strong — whether for or against it. In a statement released Tuesday , the FOMC justified making the move (the first rate decrease in years Television reporters — their crystal balls in tow — were talking about it like it was a done deal before it was even announced. Analysts were
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Rate Cut, Real GDP Are Some Positive News
After 17 consecutive upward “adjustments” as they were called under former Chairman Alan Greenspan, the Fed under current Chairman Ben Bernanke has now cut short-term rates seven times in eight months. More specifically, however, the Fed announcement highlighted a number of factors for its decision such as subdued household and business spending, soft labor markets, stressed out financial markets, tight credit conditions and the continuation of the housing contraction. 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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High-End Foreclosures Rising Among Top Tier Homes
High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
www.realtytrac.com
- Tuesday, February 3, 2009
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