By David Wilkening Speculative buyers and “flippers” seeking virtually overnight profits helped create the current real estate crisis. So there seems to be little sympathy for them these days but they also have their problems, particularly if they own multiple properties. Even more so if they bought when the market peaked in 2006. It is… Continue reading Troubled Speculators Have Options
Category: Banks
Deflation of Home Prices Accelerates
Damaged by the worst mortgage crisis in the nation’s history, the average price of a home will deflate 8.4% in 2008 alone, which is believed to be the steepest drop in home values since the Great Depression, according to the latest Housing Predictor forecast. However, rapidly worsening market conditions in some areas of the country… Continue reading Deflation of Home Prices Accelerates
Buying Real Estate in a Down Market
Six Steps to Buying in a Down Market By Mike Colpitts Editor In these times of economic uncertainty it’s difficult for many people to fathom buying real estate in a down market. But there are 6 steps that may be taken to assure even the most nervous of first time buyers that they’re making the… Continue reading Buying Real Estate in a Down Market
Surviving the Future in Troubling Economic Times
By Tony Evans Since THE Buzzzz is always looking out for your welfare especially in troubling economic times like these I want to pass on an inside tip to help you survive the future. I’m not talking about the kind of tips our parents told us when we were kids like, “You’ll be… Continue reading Surviving the Future in Troubling Economic Times
Home Equity Loss Changing Lives
by David Wilkening Almost half of all U.S. homeowner’s equity has been wiped out as a consequence of the real estate crisis, resulting in major changes in the future plans of millions of Americans. “The loss of equity is extremely important for the current state of the housing market,” said Dean Baker, co-director of the… Continue reading Home Equity Loss Changing Lives
Bottoms of Real Estate Markets to Hit 2009
By Mike Colpitts Editor The bottom of the real estate market will hit the over-whelming majority of housing markets in mid-2009, according to the newly issued Housing Predictor forecast. Most markets are still working through their downturns and wont see light at the end of the tunnel until sometime in early 2009. However, some especially… Continue reading Bottoms of Real Estate Markets to Hit 2009
Turn Out the Lights
By Columnist Tony Evans Dandy Don Meredith, former Dallas Cowboy’s QB used to sing, “Turn out the lights, the party’s over,” when there was no hope for the opposing team to win the game. With that thought in mind, will the last person leaving Detroit, Miami, Las Vegas, and Phoenix please turn out the lights… Continue reading Turn Out the Lights
Time to Buy or Rent Housing
By David Wilkening Conventional wisdom has it that rental housing is throwing money away. But is it really in these times? Not necessarily. It depends in part on where you are located, but in many areas of the U.S. rents are being held down by the dramatic overbuilding of homes and condominiums. In hyper overbuilt… Continue reading Time to Buy or Rent Housing
Finding Money in a Short Sale
By Tony Evans If youre a homeowner and want to save your credit and eliminate foreclosure proceedings, selling your home through a short sale just might be the ticket. So turn on your computer printer because youll want to print this column for future reference. See how the BUZZZ is taking care of you! There… Continue reading Finding Money in a Short Sale
Financial Damage to Top S&L Crisis in U.S.
Financial losses from the credit crunch will top the 1.4-trillion dollars lost in the U.S. Savings and Loan Fraud scandal, according to a comprehensive analysis conducted by Housing Predictor. The dollar damage to the U.S. economy will exceed S&L losses due to widespread growing losses in financial markets by banks, private investors, and millions of… Continue reading Financial Damage to Top S&L Crisis in U.S.