Category: 2010 Housing Market

First Housing Markets Likely to Recover

By Mike Colpitts When it comes to housing markets that are the most likely to recover first, the key ingredient above any other is jobs. Unemployment has been the highest it has been for two years in decades and the political football surrounding employment is the most heated topic today. Despite higher profits for employers,… Continue reading First Housing Markets Likely to Recover

Homeownership Falls to Decades Low

By Kevin Chiu Homeownership has fallen to 66.9%, the lowest level on record in more than a decade, according to the U.S. Census Bureau as a result of rising foreclosures and mortgage holders walking away from loans they can no longer afford. The same annual study found that there were 1.9-million vacant homes listed for… Continue reading Homeownership Falls to Decades Low

Poll Shows Home Prices to Rise

Home prices are expected to rise in the next one to four years by a large majority of Americans, according to a new Housing Predictor survey. The opinion poll found that nearly two out of three respondents feel that housing prices will start to go up within one to four years. The online poll shows… Continue reading Poll Shows Home Prices to Rise

Reality Behind Foreclosures, Mortgage Lenders and Attorneys

By Barbara Ann Jackson Opinion Understandably, it seems that defaulted property owners seek to ‘beat the system’ –a small amount of them do. Not even I am willing to assist in such a thing when those types contact me for help. People in my crowd are not seeking to get a free home, and they… Continue reading Reality Behind Foreclosures, Mortgage Lenders and Attorneys

Many of 18.8 Million Vacant Homes May be Bulldozed

There were 18.8 million vacant U.S. homes at the end of the third quarter, according to the U.S. Census Bureau. But the only way to slash their ranks effectively may be to bulldoze millions of homes that make up blighted neighborhoods. Entire districts of homes, including more than 10,000 in one neighborhood in Detroit, Michigan… Continue reading Many of 18.8 Million Vacant Homes May be Bulldozed

U.S. Housing Forecast Improves in 2011

Housing markets are forecast to experience sluggish home sales during the first half of 2011, followed by an improvement in sales during the spring time with better home values developing in many regions of the U.S., according to the new Housing Predictor national forecast for the year. Markets will show improvements from their downturn in… Continue reading U.S. Housing Forecast Improves in 2011

Home Purchases Rise, while Refinances Decline

Home purchase applications for new mortgages rose slightly, while refinancing shrank for the third straight week, indicating that after months of homeowners refinancing mortgages to lower less expensive loans the surge in refinances may finally be coming to an end, according to the Mortgage Bankers Association. Refinances slipped 6.4% for the week ending Oct. 29th… Continue reading Home Purchases Rise, while Refinances Decline

Banks Insult to Justice System

By Mike Colpitts Ohio’s hard talking attorney general says that banks and mortgage servicing companies simply choosing to re-file affidavits in order to straighten out their flawed paperwork on foreclosures is an “insult to the justice system.” “The big mortgage servicers and financial firms continue to demonstrate their belief that they do not need to… Continue reading Banks Insult to Justice System