By Mike Colpitts Weighing its political options, the Obama administration is carefully considering recommendations of Housing Finance Agencies in four states to reduce mortgage principal of homeowners at risk of foreclosure. The proposals made to the White House could act as a magic bullet to aid in the recovery of the nation’s housing markets, giving… Continue reading White House Considers Free Money
Category: Florida
Florida housing market
Foreclosures Keep Pace
For fifty consecutive months foreclosure notices filed against U.S. homes have risen on a year over year basis, according to the latest Realty Trac monthly report. Notices of foreclosure activity were filed against 308,524 properties in February. Foreclosure auctions, including notices of Trustee’s Sales and Notices of Sheriff’s Sales, the last steps in the foreclosure… Continue reading Foreclosures Keep Pace
2010 Florida Housing Market
The impact of the BP oil disaster is making a devastating impact on the Gulf Coast region of Florida, while other areas of the state are seeing little fallout in their real estate markets. Florida’s housing market was seeing a rebound in sales, jettisoned by federal tax credits, near record low mortgage rates and lower… Continue reading 2010 Florida Housing Market
Sunbelt States Losing Population
In a major reversal of trends, for the first time many of the most populated Sunbelt states are losing population as a result of the real estate crash and financial strain. It’s the first time in decades that many of the country’s finest Sunbelt states, including Florida, Nevada and Arizona have experienced a drop in… Continue reading Sunbelt States Losing Population
Mellowing in the Muck of Miami
By Mark Collingsworth Miami – Bright lights burst with radiance from Miami Beach condo balconies in the night’s darkness. Towers of high-rise condos that stood without signs of life just a few months ago are lighting up, indicating that more residents are moving into the half empty buildings. Mired in the muck of one of… Continue reading Mellowing in the Muck of Miami
Huge Rise in Walkaways
A growing number of homeowners are doing what was once unthinkable strategically walking away from mortgages, and the trend is showing huge signs of increasing with the approval of academia. A consulting company working for financial institutions, Oliver Wyman estimates that 16% of current foreclosures are of mortgage borrowers intentionally walking away, choosing to… Continue reading Huge Rise in Walkaways