Category: Housing Market

Tax Free Real Estate Purchases Climb

By Mike Colpitts Boosted by lower real estate prices and growing volatility in financial markets, investors are increasing their purchases of tax free real estate investments. Investors are moving away from investing in equities in the stock market and other financials in growing numbers due to a chorus of concerns, including insider trading, automatic machine… Continue reading Tax Free Real Estate Purchases Climb

Foreclosures Forecast to Hit 15 Million Homeowners

By Kevin Chiu The foreclosure crisis has produced an overpowering series of affects across the U.S., destroying businesses, taking away livelihoods, tossing millions of homeowners out of their homes and pressuring home prices in the over-whelming majority of neighborhoods lower. The crisis, first forecast by Housing Predictor almost five years ago as the first real… Continue reading Foreclosures Forecast to Hit 15 Million Homeowners

Baby Boomers Caught in Real Estate Bust

By Kevin Chiu Baby boomers searching for a new home are going through increasing difficulty finding the right home for what they can afford, and many are finding they don’t have the equity they thought they had in order to move into another home in the first place. Some 77-million Americans are classified as baby… Continue reading Baby Boomers Caught in Real Estate Bust

GMAC Rewards Underwater Homeowners

By Mike Colpitts As one of the U.S. most troubled mortgage lenders, GMAC Mortgage, once ranked as one of the top producing mortgage companies in the nation is offering troubled underwater homeowners cash bonuses in exchange for making mortgage payments on time. The program will be offered to a pilot group of military veterans to… Continue reading GMAC Rewards Underwater Homeowners

Builders Warn Against Home Sales to Banks

By Mike Colpitts Financial giants like Goldman Sachs, Bank of America, JP Morgan Chase and private hedge funds should be prevented from purchasing the glut of foreclosed homes held by Freddie Mac, Fannie Mae and the FHA, the National Association of Homebuilders warns. Testifying before the Senate Subcommittee on Housing, Transportation and Community Development, NAHB… Continue reading Builders Warn Against Home Sales to Banks

Home Sales Slide to 50 Year Low

By Kevin Chiu Hammered by lagging consumer confidence and a tough mortgage lending environment, home sales slid to a 50 year low this summer as the U.S. economy faces the harshest unemployment picture since the Great Depression. Buyers bought fewer new homes from March through August, typically the hottest part of the year for home… Continue reading Home Sales Slide to 50 Year Low

Real Estate Commissions Back to Full 6%

By Kevin Chiu Anyone selling a home these days is some what lucky unless it’s a discounted foreclosure, but it often takes a lot more than luck for real estate agents to sell homes. That’s why commissions on selling homes are moving back up, and may even rise further as more consumers realize the value… Continue reading Real Estate Commissions Back to Full 6%

Home Buyers Making Multiple Offers

By Kevin Chiu Home buyers are making multiple offers to purchase homes that are short sales in rising numbers as they grow impatient with the drawn out short sale process with banks, and mortgage servicing companies. The long waits and other obstacles have taken the excitement out of the home buying experience for first time… Continue reading Home Buyers Making Multiple Offers

Hawaii Condos Go to Auction

Forty new Hawaii condominiums are being auctioned-off to the highest bidder featuring cozy lanais built to capture the cool cross wind breezes of Hawaii. The Kona Island condos are being auctioned with bids starting as low as $99,000, which would be a major steal for a vacation home in the Aloha State. The two-bedroom, two-bathroom… Continue reading Hawaii Condos Go to Auction