Category: 2010 Housing Market

No Surprises in Housing Depression

The evidence is piling up and it’s almost amazing to see that the mainstream media, which regurgitates Washington, D.C. propaganda daily, is almost coming around. There are no surprises in government data points and the National Association of Realtors Association pending home index showing that home sales are falling miserably. It all shows that the… Continue reading No Surprises in Housing Depression

Warning Signs the House Next Door is a Meth Lab

When Arkansas retiree Franklin Huff stepped onto his front porch with his morning coffee and a newspaper, he didn’t plan to break up a meth ring, especially one operating close to the home he’d lived in for more than 20 years in his own affluent neighborhood. “I noticed black smoke pouring from the chimney, and… Continue reading Warning Signs the House Next Door is a Meth Lab

Foreclosures Rise in July

By Mike Colpitts Foreclosure auctions rose in July, but were down from their peak 14% for the month on residential properties nationally, according to the Realty Trac. However, all initial foreclosure notices issued against properties for the month showed a sharp increase. It was the seventeenth consecutive month total foreclosure activity topped 300,000 units. All… Continue reading Foreclosures Rise in July

Hard Money Lending to Hit $2-Trillion

By Kevin Chiu Homeowners and business owners alike are borrowing money to keep their homes and commercial properties at high interest rates by the droves, sending hard money lenders busily searching for more cash to loan. The business of hard money lending is projected to hit a record $2-trillion in the U.S. within a year.… Continue reading Hard Money Lending to Hit $2-Trillion

Investing in Real Estate When the Majority Doesn’t

By Lois A. Vitt, Ph.D. Anyone who knows how to pick stocks well will tell you that successful investments start with understanding the business of the companies you choose. The same is true investing in real estate, whether it’s a single family home, town house or apartment complex. If you are thinking of buying a… Continue reading Investing in Real Estate When the Majority Doesn’t

Government Launches Ad Campaign on Home Rescue

By Mike Colpitts In government efforts to make it look like it’s taking a more active roll in the housing crisis, HUD has announced a major national advertising campaign to urge homeowners at risk of foreclosure to learn more about the White House’s Making Home Affordable program. More than 1.5-million homeowners have received assistance through… Continue reading Government Launches Ad Campaign on Home Rescue

Housing Resale Fees Next Wall Street Rip-Off

A coalition of real estate related companies have launched an effort to stop a 1% home resale fee added to some new home developments being offered by a Manhattan based financial firm by sending a letter to U.S. Treasury Secretary Tim Geithner. The effort was revealed during a news conference with reporters, which included the… Continue reading Housing Resale Fees Next Wall Street Rip-Off

Fannie Mae and Freddie Mac Reform Conference Set

By Kevin Chiu In a major effort to heal its tarnished reputation in relationship to the real estate crash, the White House will stage a conference on the future of housing finance in the U.S. as it tries to repair troubled Fannie Mae and Freddie Mac, the nation’s giant mortgage lenders. The White House conference… Continue reading Fannie Mae and Freddie Mac Reform Conference Set