The White House mortgage rescue plan to aid subprime borrowers sets in motion a series of events that could send the U.S. economy reeling into a deep recession, perhaps even worse should the government not require lenders to freeze interest rates for many borrowers, according to a Housing Predictor review. More than 2-million subprime mortgages… Continue reading Mortgage Plan Assures Recession
Category: Foreclosure
What to do When Facing Foreclosure
By Christine Hardenberger Crippled by the credit crunch and falling property values, millions of homeowners are facing the possibility of foreclosure. The delinquency rate is the highest it has been since at least 1985 when the Mortgage Bankers Association started monitoring the market place. ItÂ’s a dreadful situation for many people, who have no idea… Continue reading What to do When Facing Foreclosure
Short Sale vs Foreclosure: A Distinct Difference You Should Know
Image from Pixabay When a homeowner is unable to continue making the monthly mortgage payments on their home, they are often faced with the choice of a short sale vs foreclosure. There are several important factors to consider before choosing one option over the other and time is usually a major factor in the availability… Continue reading Short Sale vs Foreclosure: A Distinct Difference You Should Know
Land Market is Tumbling
By Mike Colpitts Real estate is proving to be a brutal investment for many speculators, who have purchased land as prices come tumbling down as much as two-thirds from the markets peak. A major U.S. land crisis has resulted from the nearly frozen market, which has the potential to cost billions of dollars in losses… Continue reading Land Market is Tumbling
Foreclosures Rise 18%
The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April. The… Continue reading Foreclosures Rise 18%
National Real Estate Recession Hits
Troubled by the mortgage melt down and falling home prices, the U.S. housing market has fallen into a national real estate recession, according to the latest analysis by Housing Predictor. The over-whelming majority of local real estate markets are either in housing recessions or battling to keep their economies strong enough to keep from declining.… Continue reading National Real Estate Recession Hits
Housing Predictor Poll Results 2009
Predictor Poll Results 2009 Survey Shows America Wants Claw-Backs Apparently sick and tired of the way the U.S. government is handling the economy, more than 2 out of 3 surveyed say they want Congress to institute new laws to force corporate executives to return money they received as bonuses in the financial crisis, according to… Continue reading Housing Predictor Poll Results 2009
Next Real Estate Boom Not Till 2020
A boom in the majority of the nation’s real estate markets won’t develop again until at least sometime after 2020, according to the consensus of opinion of Housing Predictor analysts. The credit crunch, which was started by a fuselage of new creative financing products, including aggressive adjustable rate subprime mortgages and specially designed loans for… Continue reading Next Real Estate Boom Not Till 2020
Metropolitan Real Estate Forecasts
The top 25 largest metropolitan real estate market forecasts in the U.S are listed from the largest cities based on population density and the number of homes to the smallest. The forecasts that compile this list are taken from the 230 cities annually forecast by Housing Predictor analysts after collecting data on more than 20… Continue reading Metropolitan Real Estate Forecasts
News Releases from Housing Predictor
News Releases News releases are posted from the newest to the oldest. The news releases posted here are for the use of news organizations, web site owners and bloggers, who want to keep their visitors up to date on the latest Housing Predictor news. They are provided here for you to copy and paste on… Continue reading News Releases from Housing Predictor