The university's researchers explain that many of the key demand drivers for the housing market have evaporated: household formation is low, immigration is in decline, and the boomers may be stuck in their old homes.
A big driver of the housing market is the creation of new households when young people go out on their own or through other vectors such as divorce. More young people are finding the working world increasingly hostile and are choosing to live...
This appears to have the mortgage industry in a Catch-22. Lenders need new borrowers to sop up the shadow inventory of foreclosed homes. They are scarce, however, because the traditional crop of “move-up” homebuyers is unable to sell existing homes…
One development overseas that may be coming to the US is using Facebook to send legal notices, such as foreclosure notices. As Bloomberg informs us, this practice has been accepted by courts in Australia, Canada, and the UK.
The federal government should enact more loss-mitigation tools to thwart another housing downturn that could erupt from falling home prices and risks tied to 14 million underwater mortgages, analyst Mark Zandi with Moody's Analytics said...
A settlement between a coalition of federal and state agencies and banks over foreclosure practices will come in a “matter of weeks,” Shaun Donovan, secretary of Housing and Urban Development, told the Los Angeles Times.
According to a USA Today analysis of Census data released this weekend, since 2006, the number of households that rent has grown by about 700,000 a year, while the number of households that own has fallen by about 200,000 a year.
Here is the most ominous statistic of them all. In my article on the looming home equity line of credit (HELOC) disaster, I pointed out that there were roughly 13 million outstanding. This HELOC madness was concentrated in California where...
We do know that sales volume of New Homes has fallen 82% versus 80% covering the 1929-33 era. By that one measure, you can ostensibly draw a conclusion that this single metric, covering less than 15% of all home sales, is worse today.
In March 2011, 12 cities - Atlanta, Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami, Minneapolis, New York, PHOENIX, Portland (OR) and Tampa - fell to their lowest levels as measured by the current housing cycle.
"This month's report is marked by the confirmation of a double-dip in home prices across much of the nation," David Blitzer, of the committee at S&P Indices, said in a statement. "Home prices continue on their downward spiral with no relief in sight.
House prices depend on local supply and demand - and also on the number of distressed homes on the market (forced sellers). But the excess vacant inventory is important for forecasting when new construction will increase - assuming...
Disenchantment with real estate is bound to swell further on Tuesday when the most widely watched housing index is all but guaranteed to show that prices of existing homes sank in March below the lows reached two years ago — until now the bottom of t
Sales of homes in some stage of foreclosure declined across South Florida during the first quarter, a result of the recent "robo signer" controversy and perhaps a changing sentiment among buyers, observers say.
A 10,200-acre (4,100-hectare) desert site in Arizona sold for $32.5 million this week, five years after a group with investors including the California Public Employees’ Retirement System paid $400 million for the land.
This video, made by the agent last year before it was renovated and sold to Palin, shows 29005 N. 82nd Street, Scottsdale, Az., 85266, just north of Dynamite Road. See it before it gets wiped for national security reasons.
U.S. banks and state attorneys general, seeking to avoid $17 billion in court claims over faulty foreclosures, are discussing a settlement framework that may let firms choose from a menu of options for helping borrowers, two people briefed...
"I'm speechless. The scope of the problem is unimaginable, the depth of the fraud is shocking." And therein lies the rub: when all is said and done, banks will ultimately be saddled with another massive round of losses, which will then necessitate...
The Phoenix metro area, which includes Maricopa and Pinal counties, ranked No. 5 with an 11.6 percent drop in the home price index in the last year. That includes a drop of nearly 4.9 percent in the last quarter alone.
Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said Thursday.
The second part, which is where one takes the red pill, deals with something far more serious: short sale fraud - yet another facet of the ongoing discovery of just how deep mortgage fraud in this country (in this case by real estate "investors") run
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