Tag Archives: realtytrac inc

Think The Housing Market Is Getting Stronger?

Most evidence says yes, the housing market is getting better, but many signals are still negative. Mortgage delinquencies are up. From the LAT: The nation’s slowly improving housing market hit another bump last quarter, with more borrowers missing payments amid … Continue reading

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Bank of America Stability Threatened By Rising Foreclosures

The foreclosure rate has taken a dramatic tick upwards. This puts downward pressure on home prices which in turn causes more foreclosures. Flooded by foreclosed properties, which cost banks on average more than $40,000 each, banks have taken their time … Continue reading

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The Coming Foreclosure Wave

It looks like the rate of foreclosures is going to get worse, putting more downward pressure on home prices and increasing the number of mortgage foreclosures and the vicious cycle repeats. After much examination of their foreclosure processes, the big … Continue reading

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Will The Federal Government Make A Good Landlord?

With hundreds of thousands of Americans defaulting on their mortgages, there’s been increased demand for rentals. So while home prices are going down for the past four years, rent is going up. Fannie Mae and Freddie Mac have thousands of … Continue reading

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Foreclosures Hit ‘Astronomically High’ Levels

I was out for my morning constitutional in Pico-Robertson. The day was warm. I enjoyed moving. I was reading the Drudge Report on my smart phone. It reloaded and I noticed the top story had changed. It was about the … Continue reading

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Home Prices Fall More Quickly In Big Cities

Home prices have been dropping more quickly than expected in San Diego and San Francisco, cities that saw a steady appreciation in home prices during the first half of 2010. Home prices have dropped in 18 of the 20 cities … Continue reading

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Foreclosures Account For 1 In 4 Home Sales In 3rd Quarter

Home supply greatly exceeds demand, meaning that home prices are headed down at least another 10% on average around America. Home buyer tax credits expired in April and ever since sales and prices have gone consistently down. What I find … Continue reading

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What’s The Difference Between A Refinance And A Loan Modification?

Alan Zibel investigates the government’s much ballyhooed efforts to help home owners with their mortgages. So far it appears these plans will help far fewer home owners than intended. These government plans require lots of paperwork and regulation and lenders … Continue reading

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Figuring Out The Foreclosure Mess

There are so many factors leading to foreclosure, such as rising unemployment and decreasing property values. These factors feed on themselves. Alan Zibel writes: Plunging prices have had even more impact on investors than on homeowners because investors have less … Continue reading

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Foreclosures Way Up

NPR reports: FDIC Chairman Sheila Bair on Thursday suggested that the government guarantee mortgages as a means of avoiding foreclosures, a move that could help banks and homeowners. Bair told the Senate Banking Committee that the Federal Deposit Insurance Corp. … Continue reading

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