Category: Foreclosure

Foreclosure Sales Explode

Sales of foreclosed homes are exploding amid the housing downturn as banks price properties at prices to get them off the books quickly. The surplus of foreclosed properties is at all-time high and the troubled lending industry is cutting prices to where they have to be in order to attract buyers. The homes are attracting… Continue reading Foreclosure Sales Explode

2011 Delaware Housing Market

Troubled by the banking industry and its former appetite to take excessive risks, Delaware’s housing markets are in the midst of one of the nation’s toughest real estate crashes even after the federal home buyer tax credit increased home sales for a time. The collapse of the housing market is especially hard hit in the… Continue reading 2011 Delaware Housing Market

Better Market Forecast in Housing

Housing markets will experience increasing sales in 2010 aided by the government’s extension and expansion of the first time home buyers federal tax credit, and more government-backed lending assistance, according to the new Housing Predictor national forecast for 2010. Markets will improve in most of the U.S. with average housing deflation forecast at 8.7% nationally.… Continue reading Better Market Forecast in Housing

Navigating the New Year

By Brad Risen Economist Happy New Year! It’s 2009, the year that America will go head to head with the U.S. economy like no other since the Great Depression. So enjoy your New Year’s punch now. You’ll need it! I have never been a pessimist. I grew up thinking and being the serial optimist. But… Continue reading Navigating the New Year

2010 Georgia Housing Market

Home sales are sliding in Georgia and foreclosures are climbing as markets are hampered by high unemployment, despite some of the lowest mortgage rates in history. But the housing market poses the best buyers market in more than a decade for those looking to get into a home. Despite rising home sales prompted by the… Continue reading 2010 Georgia Housing Market

2010 Idaho Housing Market

The boost in home sales produced by federal stimulus tax incentives wound down quickly in Idaho, one of the most troubled states in the country in terms of foreclosures. Home prices have been rapidly declining in just about every market in the state, despite its picturesque beauty. However, there are some promising signs for the… Continue reading 2010 Idaho Housing Market

National Real Estate Prices Forecast to Deflate Further

Scrambling to find a bottom, the U.S. real estate market is falling further and further in most areas of the country. Home prices nationally will deflate an average of more than 8% in 2008, according to the Housing Predictor forecast. The real estate crisis, triggered by an over supply of new creative financing programs and… Continue reading National Real Estate Prices Forecast to Deflate Further