By Mike Colpitts Home sales are already picking up in many areas of the U.S. and are forecast to increase even more in 2012 as pent-up buyer demand plays a critical roll in the housing market recovery. Improving market conditions in the Mid-West and Upper Northern regions of the country are expected to spread into… Continue reading Home Sales to Soar in 2012
Category: Florida
Florida housing market
Big 55 U S Housing Markets in Recovery
Chill the bubbly. More U.S. cities are forecast to inflate in home values in 2012 than in the past five years as communities in fifteen states move towards more stable housing markets with increasing home sales and higher values. These 55 cities are from states all over the nation and they have the ingredients to… Continue reading Big 55 U S Housing Markets in Recovery
Attorney General Moves to Recover Homeowner Damages
By Kevin Chiu Florida Attorney General Pam Bondi is going after foreclosure attorney David J. Stern in state court in an aggressive effort to speed up the court case against the foreclosure kingpin. The state’s top prosecutor has filed a motion asking the Fourth District Court of Appeal to certify a decision that makes a… Continue reading Attorney General Moves to Recover Homeowner Damages
Riskiest Real Estate Bet in 2012
By Kevin Chiu Vacation destination housing markets like Honolulu, posh Hilton Head, South Carolina or beautiful Miami Beach have challenges of their own, and they may be the real estate industry’s riskiest bet in 2012. Each hold traditional housing markets with year-round residents, but the condominium and vacation homes that are sought by vacationers and… Continue reading Riskiest Real Estate Bet in 2012
Shadow Inventory Slides to 2009 Levels
By Mike Colpitts The inventory of homes not yet foreclosed but regarded as unsellable as they are held back from the market known as the shadow inventory has dropped to January 2009 levels, according to real estate data firm CoreLogic. California, Florida and Illinois, where foreclosures are at some of the highest levels in the… Continue reading Shadow Inventory Slides to 2009 Levels
Underwater Mortgages Drop Slightly
By Mike Colpitts Homeowners with underwater mortgages or those who owe more on their homes than their properties are currently worth dropped in the third quarter in the U.S., according to real estate data firm CoreLogic. The decline, however, was marginal falling to 10.7-million residential homeowners, which is 200,000 less than the second quarter of… Continue reading Underwater Mortgages Drop Slightly
Man Convicted of Filing False Real Estate Liens
By Kevin Chiu A federal jury has convicted a self-admitted “sovereign citizen” of filing $20 billion in false public real estate liens against government officials. The jury returned the verdict in Spokane, Washington after a two day trial against Ronald James Davenport. The 63-year-old Chewelah, Washington resident is an admitted federal tax protestor, whose ex-wife… Continue reading Man Convicted of Filing False Real Estate Liens
Baseball’s Manny Ramirez Finally Sells Penthouse
By Kevin Chiu Exiled ex-baseball star Manny Ramirez has finally sold his Boston penthouse for a major loss after trying to sell the place more than six years, which just might be close to a record for any other earth-bound homeowner. The former baseball slugger finally quit the big leagues in disgrace after being busted… Continue reading Baseball’s Manny Ramirez Finally Sells Penthouse
Cash is King in Current Real Estate Market
By Miike Colpitts As investors attempt to capitalize on the current state of the economy and snap up bargain priced deals in the real estate market, all cash sales are soaring and account for almost one in three residential transactions. Cash is king. Bargain hungry investors have been looking for cheaply priced housing to pay… Continue reading Cash is King in Current Real Estate Market
California Expands Hardest Hit Homeowner Aid
By Kevin Chiu As one of the Hardest Hit states in the U.S. in the housing crash, California is expanding its $2 billion program to help homeowners avoid foreclosure. But this increase will be dedicated to helping only second home or vacation homeowners. The proceeds, originally established by the California Housing Finance Agency from proceeds… Continue reading California Expands Hardest Hit Homeowner Aid