Category: 2010 Housing Market

2010 Alaska Housing Market

The recessionary economy slowed housing sales and new home construction in Alaska as the housing market was protected from the bottom falling out. Major national lenders that made newly developed creative mortgages blamed for much of the housing bust weren’t made in Alaska. As a result, the state is seeing few foreclosures and is already… Continue reading 2010 Alaska Housing Market

No Bottom in Housing Market in 2010

The bottom of the housing market will not develop in 2010 in the majority of U.S. markets as a result of high unemployment, the record plague of foreclosures and tight mortgage lending standards, prolonging the downturn as the economy struggles to recover. The new assessment by Housing Predictor analysts was determined after a lengthy review… Continue reading No Bottom in Housing Market in 2010

Two Years Later Foreclosure Crisis Far From Ending

By Mike Colpitts Two years after Housing Predictor was the first real estate research firm to forecast the foreclosure epidemic the crisis is caught up in a maze of bureaucratic red tape, squabbling in Congress and political turmoil. Since the crisis began bankers have made an estimated 5-million foreclosures, and it is only forecast to… Continue reading Two Years Later Foreclosure Crisis Far From Ending

Sunbelt States Losing Population

In a major reversal of trends, for the first time many of the most populated Sunbelt states are losing population as a result of the real estate crash and financial strain. It’s the first time in decades that many of the country’s finest Sunbelt states, including Florida, Nevada and Arizona have experienced a drop in… Continue reading Sunbelt States Losing Population

Best Housing Market in America

There’s simply no doubt about it. Burlington, Vermont and neighboring South Burlington are the best housing market in America rated by the lowest number of foreclosures in the nation, and there’s not any doubt why. All bottom seven communities on the 2009 Realty Trac foreclosure list are college towns, where local economies have been boosted… Continue reading Best Housing Market in America

Homeowners Get Little Hope in Obama Speech

By Mike Colpitts Facing stiff political opposition, rising protests over government bail-outs and growing anger President Barack Obama delivered his first State of the Union Address without mentioning the foreclosure crisis. But he spent plenty of time addressing the financial crisis, reining in excessive risk taking on Wall Street and lots of other topics. His… Continue reading Homeowners Get Little Hope in Obama Speech

Cold Chills Strike from New Deal Era

HYDE PARK, New York – Step into the library of President Franklin Delano Roosevelt’s after paying the admission and the first thing you see is a corner dedicated to the Great Depression, America’s last big battle with the U.S. economy. For any mortal in touch with reality these days a cold chill reverberates down your… Continue reading Cold Chills Strike from New Deal Era

Mortgage Modifications Lag

Bureaucratic stumbling blocks and red tape have hampered the government’s mortgage modification plan, helping only a small number of Americans stay in their homes, Treasury Department officials acknowledged. The Obama Administration’s Home Affordable Modification Program (HAMP) has permanently modified only 66,000 homeowner mortgages from more than 4-million that may be eligible for the plan. Another… Continue reading Mortgage Modifications Lag