A newly released survey shows that more than half of all U.S. homes with a mortgage are underwater or owe more on their homes than the current value of their property. The study is the strongest indicator yet that efforts made by the Obama administration are doing little to aid U.S. homeowners in the worst… Continue reading Half of US Homes Underwater
Category: Opinion
No Confidence in US Government to Aid Housing Market
Respondents to an online poll have given the U.S. government a no confidence vote when it comes to helping the housing market. An over-whelming majority of 84% who were surveyed said the government will not take major steps to help the housing market. The sweeping decision comes five years and more than 7 million foreclosures… Continue reading No Confidence in US Government to Aid Housing Market
Survey Shows Time to Buy Real Estate
A large majority of respondents to a new Housing Predictor survey say now is the time to buy real estate, despite uncertainty over the U.S. economy. Nearly two-out-of-three surveyed said it’s time to buy a home or other real estate now. Only 38% said the current economic environment makes it too risky to take the… Continue reading Survey Shows Time to Buy Real Estate
More Than Half of Homeowners Can’t Move
More than half of all homeowners with a mortgage are unable to move or make a change in their housing situation as a direct result of being underwater on a mortgage, according to a new Housing Predictor survey. Some 54% of those surveyed online said they were halted from making a move. The other 46%… Continue reading More Than Half of Homeowners Can’t Move
Survey Says Freddie and Fannie Should Stop Buying Mortgages
A large majority of consumers surveyed say they want U.S. mortgage giants Freddie Mac and Fannie Mae to stop buying home mortgages. The opinion poll found that 72% of all respondents want the companies, which act as a back-stop for the nation’s mortgage market to stop purchasing home loans from banks and other mortgage lenders.… Continue reading Survey Says Freddie and Fannie Should Stop Buying Mortgages
Banks Should Slash Mortgage Principal
Banks and mortgage lenders should slash the balance on mortgages owed by all homeowners in light of the housing crisis blamed heavily on U.S. bankers, according to a new Housing Predictor opinion poll. The just released survey found that 69% of respondents to the online poll said lenders should reduce mortgage principal for all home… Continue reading Banks Should Slash Mortgage Principal
Cashing In on Abandoned Property
By Kiesha Joseph Abandoned property is a term to describe real estate that isn’t currently under the direct control or care of the legal owner. This may be because the mortgage is in default, delinquent taxes are owed or the property is unsafe. The homeowner may have also walked away from the property, abandoning it… Continue reading Cashing In on Abandoned Property
Best Cities to Flip Homes in 2012
By Mike Colpitts Don’t expect it to be easy work if you plan on flipping a home this year to make a profit, but there are a few places in the U.S. that are pretty good bets to cash in to make a tidy profit, despite economic woes. The best places to flip homes in… Continue reading Best Cities to Flip Homes in 2012
Clean Air Produces Higher Home Prices
Housing prices get a major lift from reductions of smog and other pollutants, according to a study conducted by the National Bureau of Economic Research. After all, given the choice who wouldn’t want to live in an area with plenty of clean air to breathe each day? The study was gathered by researchers Kenneth Chay… Continue reading Clean Air Produces Higher Home Prices
Housing the Margin Effect
By Lance Roberts Economist With each and every report comes “hope” that maybe, potentially, somehow the moribund housing market has finally reached its inevitable bottom and is now on the verge of the next great advance. Nothing could be further from the truth. I say this with a bit of pain because I am a… Continue reading Housing the Margin Effect