Category: Wall Street

Pop Goes the Housing Market

By John Hines Economist Bankers won’t tell you, but bankers are almost always motivated home sellers. They don’t become bankers to be landlords. The U.S. mortgage market is worth $10-billion in profits each year, and the people who peddle money like a pharmacist dispenses pills can make a lot more money making loans. The direction… Continue reading Pop Goes the Housing Market

American Casino Getting Rave Reviews

By Mike Colpitts American home buyers didn’t have a clue they were buying mortgages from bankers and mortgage companies that were like mad gamblers at the crap table during the real estate boom. As the tables turn with tens of thousands of homeowners filing lawsuits against bankers for defrauding them, the first motion picture to… Continue reading American Casino Getting Rave Reviews

Groups of Investors Buying Up Foreclosures

By Kevin Chiu Groups of investors are pooling their money to buy large bulk inventories of foreclosures in hopes of making a financial killing. The purchases of mainly single family homes comprise the largest sector of buyers in the housing market these days, according to a study by Housing Predictor. The findings were determined after… Continue reading Groups of Investors Buying Up Foreclosures

U.S. Real Estate Market Rebound

Recovery Forecast Not Until 2011 The U.S. real estate market will take at least three years to recover from its massive slump and it won’t fully rebound from the mortgage mess until at least some time in 2011, Housing Predictor forecasts. Housing Predictor analysts forecast the overall U.S. economy will suffer from a recession as… Continue reading U.S. Real Estate Market Rebound

Housing Predictor Opinion Poll Results

Huge Majority Want Government to Stay Out of Foreclosure Crisis Despite the strong likelihood that it would develop a full-fledged economic depression, more than 3 out of 4 polled say they want the U.S. government to stop interfering with the foreclosure crisis and allow it to run its course. A huge 78% of those surveyed… Continue reading Housing Predictor Opinion Poll Results

Foreclosures Increasing on Home Equity Losses

Home equity losses are increasing the number of foreclosures as millions of Americans are becoming upside down in their houses, and more are joining the ranks daily. Being upside down in your house can be a nightmare. More homeowners are finding themselves in this precarious position, and by growing numbers homeowners are walking away from… Continue reading Foreclosures Increasing on Home Equity Losses

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

Mortgage Flu Hits Real Estate

As home foreclosures increase daily weakening real estate markets a new world flu has struck. The subprime crisis evolved into the national housing crisis only to become the mortgage flu. Some 89 percent of people surveyed by Housing Predictor blame mortgage companies for artificially inflating the housing market by selling too many mortgages to those… Continue reading Mortgage Flu Hits Real Estate