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

Smoke and Mirrors Fade

By Mike Colpitts Suddenly and awkwardly America is losing the smoke tint blurring its rose-colored glasses. The great U.S.A. is suffering through the pain of the worst financial meltdown since the Great Depression, triggered by the shenanigans on Wall Street and the banking industry. As millions more are thrown out of work, consumer goods are… Continue reading Smoke and Mirrors Fade

Recovery Likely to Take Decade

The housing market recovery is likely to take a decade or more before strong home appreciation is evident in the majority of the country, according to the latest analysis by Housing Predictor. The credit crisis triggered by the foreclosure epidemic will be followed by a deflationary cycle in commercial real estate compounding the turmoil in… Continue reading Recovery Likely to Take Decade

Bad Bank Floating of Swimming

By Mike Colpitts The mass media loves to float ideas — concepts that many times never do become reality. But in the effort to get the news out news sources of all types online, TV and in print jump on the band-wagon. The so-called “BAD BANK” President Obama may propose to handle the toxic mortgages… Continue reading Bad Bank Floating of Swimming

Rental Rates Drop

Rental rates are declining along with home prices in the majority of the nation, according to new reports. It’s good news for renters, but another sign that the economy is weakening as job losses and worsening consumer confidence force many renters to seek cheaper housing. The new studies also indicate that investors are less likely… Continue reading Rental Rates Drop