Tag Archives: home values

Mortgage Insurer May No Longer Be Able To Issue New Coverage

Plunging home values have devastated many related businesses, among them mortgage insurance. There’s been a big shake-out in this industry over the past four years. The WSJ says: Mortgage insurer PMI Group Inc. warned Thursday that it could be forced … Continue reading

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Housing Rebound Is Far Off

I haven’t heard any expert predict home values will rise overall in 2011. The next year will be the earliest we can expect a rebound. Meanwhile, bank lending standards and practices are easing. The AP says: The Realtors index showed … Continue reading

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Why Are Mortgage Rates Going Down?

Because the United States economy is weak. There are few safe investments, so some investors are putting money in mortgage-backed securities. High oil prices are reducing economic growth. Report: For the first quarter of the year, consumer prices shot upward, … Continue reading

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More Than Ten Percent Of Mortgages In Danger Of Foreclosure

I heard a housing expert say on CNBC yesterday that American homes will shed another two trillion dollars in equity over the next year. As home values plunge, more homeowners go underwater aka owe more on their mortgages than they … Continue reading

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Failure To Launch In Home Sales

I’m watching an expert on CNBC. There’s a complete lack of urgency in the housing market. People don’t feel like they need to buy now. They expect prices to be even lower in six months. We can expect downward pressure … Continue reading

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The Boom In Cash-In Refinancing

Perhaps you have heard of cash-out refinancing where borrowers take cash and equity out of their homes. Due to historically low interest rates, there is now a boom in cash-in refinancing where borrowers bring cash to their refinance deals to … Continue reading

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Number Of Underwater Homes Falls For Third Straight Quarter

A home is underwater when the owner owes more on it than the place is worth. About 22.5% of all homes are underwater, which is more than four times the normal amount. So it is hard to rejoice too much … Continue reading

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Home Prices Keep Falling

Home prices have fallen for more than four years. I bet they fall for another four years. My sense of things is that the average home in the United States is over-priced by about 10%. Banks have hundreds of thousands … Continue reading

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Housing Crunch Arizona Style

A new report says that more than half of Arizonans owe more on their homes than they are worth. Home prices have yet to bottom out in the state, once a place with the fastest appreciating home values. The Arizona … Continue reading

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Banks Warned To Prepare For Higher Interest Rates

The Federal Reserve has kept interest rates artificially low for most of the past decade. That is what caused the housing boom and bust. Rising interest rates would lower home values and cause more foreclosures, which in turn lower. home … Continue reading

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