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12 Articles match "News","Prediction"
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The Latest from RealtyTrac
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High-End Foreclosures Rising Among Top Tier Homes
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 are going to be pretty ugly in South Florida,” predicted McCabe, saying that Florida real estate will drop by another 10 to 15 percent in 2009 and the market will flatten by 2010. High-end foreclosures are definitely increasing and as time goes on we’re going to see more,” predicted Essex. “It’s 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.
www.realtytrac.com
- Tuesday, February 3, 2009
As Home Prices Plummet, When Will You Buy?
quot;Little positive news can be found when cities like Las Vegas and Phoenix report annual declines as large as -29.9% More from Shulman and several other leading economists in the October issue of the Foreclosure News Report , scheduled to be available in mid October.) The times of cheap credit are over. 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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You Too Can Predict the Future...Maybe
The way things are going nowadays you too have about as much a chance of correctly predicting whether the nation and the state of California are either headed towards, or are already in, a recession as any of the professionals who do it for a living. This week, by contrast, the San Diego Union-Tribune is reporting that prognosticators working at +News+>+Business+--+Experts+forecast+sees+no+recession&expire=&urlID=27087637&fb=Y&url=http://www.signonsandiego.com/news/business/20080311-9999-1n11econ.html&partnerID=621">UCLA’s Anderson Forecast don’t see the nation — or
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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March Goes Out Like a Lamb
Whichever way you choose to view it, the good news is that the national foreclosure rate dropped by 13% in March, according to the RealtyTrac U.S. See the full report on the RealtyTrac website at http://www.realtytrac.com/news/press/pressRelease.asp?PressReleaseID=100 rsharga Posted 04-18-2006 6:37 PM by Rick Filed under: Foreclosure Trends , Real Estate A glimmer of hope or the calm before the storm? Foreclosure Report, which was issued earlier today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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U.S. Housing Starts Rise, Though Permits Fall
million units economists had predicted and the largest monthly increase since January 2006. Market watchers and economists are predicting that the central bank will leave interest rates unchanged for the sixth straight time, but the statement it releases Wednesday could provide insight into whether it sees inflation as a bigger threat than the economy’s sluggishness. To say on top of all the latest news and events in the real estate industry, go to RealtyTrac’s News & Events The pace of new home construction jumped in February by the largest amount in more than a year, but building permits continued to decline, indicating future weakness in the housing market, according a new Commerce Department report today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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ARM'd and Dangerous?
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. Let us know. Posted 04-21-2006 1:24 PM by Rick Comments
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Miami Blogger Sparks $25 Million Lawsuit
Developer Tibor Hollo filed a defamation lawsuit against Miami real estate agent Lucas Lechuga, who claimed in his popular blog — Miami Condo Investments — that Hollo went bankrupt in the 1980s and that one of his current South Florida developments could be headed for bankruptcy, according to Inman News. “My 10, predicting on the blog that at least half of the buyers in the 635-unit Opera Tower at 1750 Bayshore Drive would default and the units would be taken over by the lender. A Miami real estate agent and blogger was sued last week by a real estate developer for $25 million, according to the Miami Herald .
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Subprime meltdown means jump in foreclosures
filed for bankruptcy on Feb 7, sounding the alarm and bringing the total failure of subprime lenders to 20 since December, according to Bloomberg News . And Doug Duncan, chief economist of the Mortgage Bankers Association in Washington, told Bloomberg News that more than 100 other lenders will go out of business this year. If this scenario unfolds as predicted, mortgage lenders will look to real estate investors, home buyers Panic is spreading in the U.S. subprime mortgage market after the bankruptcy of at least 20 lenders in the last two months, triggering a mass liquidation
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Subprime Market Sinking Further Into the Abyss
The Orange County Business Journal reported Monday that Wall Street analysts are now predicting possible liquidation or bankruptcy for the once high flying subprime lender. which was being courted for a buyout by Credit Suisse Group, is now being sold to Citadel Investment Group LLC, which won the right to purchase the lending institution for $180 million in a last minute auction, according to Bloomberg News . The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fairy Tales Don't Always Come True
Industry analysts are still predicting that it’s going to happen, they just don’t know when. Wall Street reacted favorably to the news, ending Wednesday’s trading session with a rally. Wall Street was fantasizing about it. Organized real estate was begging for it. And the fiasco in the subprime market is wreaking havoc and not making the situation
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Good news, there may be ways to stop foreclosure. million foreclosure filings predicted by RealtyTrac for 2007, the floodgates are open once again, just not as wide as they were in the early 1990s, and with a finite number projected. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
www.realtytrac.com
- Tuesday, February 3, 2009
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BK' Doesn't Stand for Burger King
As Bloomberg.com recently reported, the likelihood of Gerdano’s prediction coming to fruition is more than a possibility given that more than 90,000 bankruptcy filings were reported for March 2008 alone, a 30 percent increase from a year ago. Whether the net result is a short sale, a walk away or going through the whole foreclosure process, it seems like the foreclosure fires are likely to be fanned still higher, with more properties being available for home buyers and investors looking to find a bargain in many parts of the country for the foreseeable future.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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