Category: Economic Crisis

Worst is Over as Housing Deflation Peaks

Despite an on-coming wave of foreclosures, the worst is behind the majority of U.S. housing markets, according to a new assessment by Housing Predictor. Real estate deflation has been the worst in three states, topping 75% in the hardest hit markets of the country. But it has begun to slow as a result of a… Continue reading Worst is Over as Housing Deflation Peaks

Dirty Money Sealed Dodd’s Fate

By Kevin Chiu Embattled U.S. Senator Chris Dodd, the chairman of the senate banking committee, released his financial reform package at a press conference and it appears it will be one of the last significant actions the Congressmen will be making in Washington, D.C. Dodd, who announced late last year he will not be seeking… Continue reading Dirty Money Sealed Dodd’s Fate

Underwater Between a Rock and a Hard Place

Owning a home with negative equity and a higher mortgage payment than is affordable is like living between the proverbial rock and a hard place. Yet for hundreds of thousands of homeowners that’s the way things are these days. Staggering job losses, growing under employment and record bankruptcies throwing many business owners out of work… Continue reading Underwater Between a Rock and a Hard Place

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

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

Will the U.S.A. Go Broke Over the Housing Bust

By Mike Colpitts As 2010 gets underway the sort of money that it will take the U.S. economy to get back on track is beginning to dawn on people. The $1.8-trillion commitment the Treasury Department is making to buy up securities and bonds from Fannie Mae and Freddie Mac is a bail-out of record proportions.… Continue reading Will the U.S.A. Go Broke Over the Housing Bust

Treasury Keeps Housing on Life Support

In a massive action to keep the housing market on government life support, the Treasury Department pledged to provide unlimited financial assistance to the largest insurers of home mortgages, troubled Fannie Mae and Freddie Mac. The move, announced on Christmas Eve with members of Congress already on their way home out of Washington, D.C. for… Continue reading Treasury Keeps Housing on Life Support

Million Dollar Housing Question

Will Markets Ever Really Recover? By John Hines Economist It’s the million dollar question, and it’s a heated topic of conversation after years of turmoil in the nation’s housing markets — Will housing markets ever recover? The question is talked about and debated around water coolers, business offices and even corporate board rooms and seems… Continue reading Million Dollar Housing Question