Category: 2008 Housing Market

False Hopes Hang on Bail Out in Housing Crisis

By Mike Colpitts and Everett Jones Credit crisis losses are nearing $8-trillion worldwide as a result of unscrupulous lending by mortgage companies, banks and newly developed instruments on Wall Street to resell the mortgages as securities to investors, a Housing Predictor investigation has revealed. As President Bush signs the Housing Bill sent by Congress into… Continue reading False Hopes Hang on Bail Out in Housing Crisis

Six Steps to Buying Foreclosures

By Cathy Salustri With over 3.1-million more homes at risk of foreclosure, speculators and new homeowners entertain dreams of buying foreclosures to get that real steal. Unlike buying a new or resale home, buying foreclosures takes a key buyer beware attitude so you don’t get burned. Internet based services like Foreclosure.com and Realty Store.com provide… Continue reading Six Steps to Buying Foreclosures

Bold Steps Needed in Foreclosure Epidemic

By Mike Colpitts Half way through the first year of his administration, President Barack Obama has major problems still brewing with the economy triggered by the real estate crash. Hardly anyone expected the Obama Administration to pull off miracles and resolve the troubled economy rapidly. But hopes seem to be diminishing for a turnaround any… Continue reading Bold Steps Needed in Foreclosure Epidemic

US Government to Buy Stock in Fannie and Freddie

By Mike Colpitts Oh, how I hope the majority is wrong! The Bush Administration is handing over a proposal to Congress for the U.S. government to buy stock in America’s two biggest insurers of home mortgages, Fannie Mae and Freddie Mac. The plan would buy stock to keep them afloat, and essentially transforms both companies… Continue reading US Government to Buy Stock in Fannie and Freddie

New Urbanist Neighborhood Pitfalls

By Cathy Salustri New Urbanist communities recreate mid-20th century America with every detail so residents can enjoy the quintessential small town. Architects design the towns for walking and biking rather than driving, but nearly 30 years after the New Urbanism movement started communities are experiencing their challenges. New Urbanism started in Seaside, Florida in 1979… Continue reading New Urbanist Neighborhood Pitfalls

Shaquille O’Neal – Robinhood or Superhero

Shaq: Robin Hood or Superhero By David Wilkening It’s no surprise larger-than-life NBA superstar Shaquille O’Neal has a Superman on the floor of the movie theatre in his upscale Orlando home, but is he having delusions of grandeur in another area: the home foreclosure issue? The 7 foot, one inch, 350-pound basketball star says he… Continue reading Shaquille O’Neal – Robinhood or Superhero

Playbook to Real Estate Recovery

By John Hines Economist Historians will write the current economic recession was the worst heist in U.S. history, capturing more victims than any other financial crisis. Wall Street and bankers fleeced more money out of the pockets of investors from stocks, securities and real estate mortgages than thought imaginable. The Security and Exchange Commission was… Continue reading Playbook to Real Estate Recovery

Harvard Study Shows Slow Return

The worst housing depression since at least the Great Depression has a long way to go before improving, despite better home sales, according to the annual Joint Center for Housing Studies report of Harvard University. With mortgage interest rates heading higher and the economy contracting a sustained recovery faces stiff opposition. Home equity fell by… Continue reading Harvard Study Shows Slow Return