By John Hines Down on their luck and out of dollars the homeless are flocking to tent cities creating America’s new real estate boom, evicted from their homes by foreclosure and job losses. Hooverville era tent cities are popping up all over America, many in places that have never witnessed an explosion of this sort… Continue reading America’s Newest Real Estate Boom
Category: Housing Market
Best Buyers Market Forecast
Despite the gloomy national economic outlook, the best buyers’ real estate market in at least four years will develop by late summer in most housing markets, according to the new Housing Predictor forecast. Lower interest rates will draw buyers to make purchases of homes more than in years. Increased buyer activity in housing and more… Continue reading Best Buyers Market Forecast
No Housing Bottom in Sight
There is no end in sight for the bottom of the declining housing market, despite efforts by the new Obama Administration to aid the ailing markets, according to the latest Housing Predictor forecast. Lack of a coherent plan to stem the epidemic of foreclosures has continued to erode housing values, which are falling in the… Continue reading No Housing Bottom in Sight
Condo Buyers Winning Refunds
By Chris Tyler Growing numbers of preconstruction condominium buyers caught in the credit crisis are getting their deposits refunded from Florida up the east coast to New York across the nation to California. Amid double digit declines in condo values, momentum is building in courtrooms for buyers who have waited beyond their contract deadlines for… Continue reading Condo Buyers Winning Refunds
Biggest Buyers Market Hits
As the nation struggles with an ailing economy, housing markets all over the U.S. are experiencing the biggest buyers markets in decades. The inventory of homes listed for sale by real estate agents has shrunk, but a growing inventory of foreclosures offered for sale else where is becoming larger. The real estate depression has produced… Continue reading Biggest Buyers Market Hits
Battling the Credit Crisis with a Credit Check
Battling the Credit Crisis with a Credit Check Those little numbers on your credit report are taking on a whole new life of their own. Not that your credit score hasn’t been important before, but it’s taking on a more important role since the credit crisis than ever before. Tighter mortgage lending guidelines have seen… Continue reading Battling the Credit Crisis with a Credit Check
Moving on a Budget
If you’re one of the approximately 50 million Americans moving this year, you probably don’t want to spend a fortune to get from point A to point B. With a little planning ahead, it’s possible to execute a do-it-yourself move without breaking the bank. According to the U.S. Census Bureau, about 16 percent of all… Continue reading Moving on a Budget
How to Fix Housing
By Mike Colpitts Editor When a surgeon goes in with a scalpel to cut he goes directly to the problem area to take out the cancer. The doctor cuts out the bad area and stitches the skin back up to heal. With all of its debate, it’s no different in real estate. The poison loans… Continue reading How to Fix Housing
Home Bankruptcies Soaring
By Chris Tyler Consumer bankruptcy filings are already topping the near record pace set in 2008 this year as a result of the real estate crisis, and the number of consumer bankruptcies may set a new record in 2009. The fall out from the credit crisis, triggering the epidemic of foreclosures has homeowners scrambling to… Continue reading Home Bankruptcies Soaring