Can We Ever Get Out of This Economic Mess

By Mike Colpitts Manhattan – Tourists flock to Times Square by the millions. Broadway shows are selling out, many packed by audiences from foreign countries at discount ticket rates. New York City is a maze of pedestrians on any given business day with people hurriedly moving from place to place. To the naked eye little… Continue reading Can We Ever Get Out of This Economic Mess

Investors to the Rescue of Troubled Homeowners

By Mike Colpitts A Cincinnati, Ohio company has launched a program, coming to the rescue of homeowners at risk of foreclosure. American Homeowner Preservation is the first private company to offer troubled homeowners and renters a way to stay in their homes without being foreclosed. The program is being called, “Cash for Clunker Mortgages” but… Continue reading Investors to the Rescue of Troubled Homeowners

Biggest Buyers Market Forecast in 2010

The New Year will bring discounted values in real estate for average Mom and Pop home buyers and investors as the fallout from the worst housing crash since at least the Great Depression pulls prices down, and forces mortgage lenders to drop asking prices. The inventory of delayed foreclosures and short sales will allow home… Continue reading Biggest Buyers Market Forecast in 2010

White House Plan to Expand Mortgage Lending

A new program announced by the White House for state and local finance agencies is intended to keep mortgage rates low and expand mortgage lending. The program is part of the Obama administration’s plan to stabilize the housing market. The program would expand lending for low and middle income borrowers through local Housing Finance Agencies… Continue reading White House Plan to Expand Mortgage Lending

Alternatives to Conventional Mortgages

By Kevin Chiu Everybody needs a rich uncle when it comes to buying a home. The problem is most of us simply aren’t related to the kind of money needed to buy a home so getting a mortgage is the answer. However, in the credit crunch it’s gotten harder for many people to find financing.… Continue reading Alternatives to Conventional Mortgages

Housing Deflation Easing

By Mike Colpitts The rapid decline of housing prices is easing in many of the worst hit markets with slower housing deflation, according to a study of the most severely affected markets by Housing Predictor. The impact may lead to improving conditions and could soon signal a bottom to the market in some areas of… Continue reading Housing Deflation Easing

Foreclosures Rise in Third Quarter

Foreclosure notices were reported on nearly 1-million U.S. residential properties in the third quarter, marking a five percent increase from the second quarter, according to RealtyTrac. One in every 136 residential properties received a foreclosure notice in the last three months. Some 937,840 properties had foreclosure notice filings. However, notices dropped four percent in September… Continue reading Foreclosures Rise in Third Quarter

Foreclosures Could Hit 25 Million

By Mike Colpitts The huge number of homeowners who say they will walk away from mortgages if housing prices keep falling could have long lasting repercussions for the U.S. economy that would take years to emerge from. According to a new survey conducted by Housing Predictor, as many as 25-million homeowners may walk away from… Continue reading Foreclosures Could Hit 25 Million

Finding Your Housing Value System

By Lois A. Vitt Are you stuck trying to make a housing decision? Small wonder. Your housing decisions are about everything in your life, not just the design and location of your home. They involve your inner motivations, desires, and well-being as surely as the objective circumstances of managing your housing-related finances or the logistics… Continue reading Finding Your Housing Value System

Investors Slammed by Housing Crash

By Mike Colpitts Homeowners are facing an economic crunch from the housing crash, but investors often face even more severe repercussions. More than 1 in 3 foreclosures are of investment owned properties, and should the foreclosure epidemic worsen as forecast that number is expected to rise as more investors walk away from mortgages. During the… Continue reading Investors Slammed by Housing Crash