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Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.
July’s sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million, the National Association of Realtors said Tuesday. It was the largest [...]
Posts Tagged ‘Real Estate’
Existing Homes Sales PLUNGE To 15-Year Low
Posted by admin2 on August 24th, 2010
Mortgage Fraud Is Rising, With a Twist
Posted by admin2 on August 24th, 2010
Adapting to Tighter Rules After Collapse, Scammers Turn to More Complex Plots
New data suggests that mortgage fraud—which got tougher to pull off after the collapse of the U.S. real estate market—is returning in a big way.
Data prepared for The Wall Street Journal by research firm CoreLogic, examining about seven million home loans made by hundreds [...]
Housing Fades as a Means to Build Wealth, Analysts Say
Posted by admin2 on August 24th, 2010
Housing will eventually recover from its great swoon. But many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in the second half of the 20th century, when houses not only provided shelter but also a plump nest egg.
The wealth generated by housing in those decades, particularly on [...]
Posted in Real Estate 
Tags: Real Estate, Wealth Accumulation, What's after what comes next 
No Comments »Home Price Drop of 30% Possible for 2010
Posted by admin2 on April 12th, 2010
First American CoreLogic has released its latest residential real estate analysis here. Three important graphs from the report follow in this discussion.
Distressed Home Sales Increased in January
The first graph shows that distressed home sales have increased to 29% of all sales. This is high but less than a year ago.
Note the systematic increase in short [...]
Eliminating ‘He Said, She Said’ on Loan Modifications
Posted by lorenzo on December 20th, 2009
WHEN it comes to home mortgage modifications, everyone seems to have a complaint.
Borrowers accuse mortgage servicers, which process the paperwork, of often losing important documents like pay stubs and bank statements. Servicers assert that the borrowers fail to submit certain papers and claim that they did, or submit the wrong ones.
Now, an industry group is [...]
Posted in Personal Finance Tags: Home mortgage modifications, Loan modifications, Mortgage, Real Estate No Comments »10 Ways to Screw Over the Corporate Jackals Who’ve Been Screwing You
Posted by lorenzo on December 19th, 2009
Tired of getting pushed around by faceless big business? Here are 10 ways to push back!
The New Year is nearly here, and so much has happened. Wait, what’s that? Nothing major at all has happened, you say? Oh right, we’ve been stuck in neutral since dumping the toxic trash of the Republican Bush administration and [...]
Posted in News Tags: Credit Card Debt, Financial Crisis, Mortgage, Real Estate, Tips and Tricks No Comments »Problem mortgages hit new high at 14 percent
Posted by lorenzo on November 23rd, 2009
Data mean foreclosures may not peak until next year
More than 14 percent of borrowers were in trouble on their mortgage during the third quarter, a new record, according to an industry survey released Thursday, which also suggests that the foreclosure rate is likely not to peak until next year as unemployment rates continue [...]
Google Tackles Mortgage Market With New Comparison Ads
Posted by lorenzo on October 29th, 2009
Google has just debuted a new form of advertising called AdWords Comparison Ads — a special kind of ad that will prompt users to view a list of sponsored products in a structured format. To get started, Google is running the ads for queries related to the mortgage market, though it has plans to eventually [...]
Posted in Mortgage Tags: Comparison Shopping, Google, Interest Rates, Real Estate, Saving Money No Comments »Promised Help Is Elusive for Some Homeowners
Posted by Staff Writer on June 4th, 2009
She had seen the advertisements for the new government program offering relief. She had heard President Obama promise that help was on the way for homeowners like her, people who had lost jobs and could no longer make their mortgage payments.
But when Eileen Ulery called her mortgage company — Countrywide, now part of Bank of [...]
Foreclosure, foreclosing, about to be foreclosed? Is that you?
Posted by admin2 on October 24th, 2008
Just the thought of having to deal with a foreclosure can arise emotions like fear, paralysis, and the desire to just wanting to procrastinate till tomorrow, one more day; unfortunately living one day at a time could be too late to mitigate the damage or even avoid foreclosure.
Your financial health is no different than your [...]
