By Mike Colpitts Foreclosures rose by only a slim margin in January, but declined 17% over year ago figures as banks and mortgage servicing companies temporarily halted foreclosures in 26 states in the robo-signing scandal, according to RealtyTrac. Foreclosure filings were posted against 261,333 residential properties during the month, a slim 1% increase over December.… Continue reading Foreclosures Decline with Robo-Signing Troubles
Huge Mortgage Rates Jump
By Kevin Chiu Mortgage rates jumped higher to the highest level in ten months as applications for home mortgages tumbled, demonstrating further weakness in the housing market as many home buyers remained on the sidelines, according to the Mortgage Bankers weekly survey. The rate on a fully executed 30-year fixed rate mortgage increased to 5.13%,… Continue reading Huge Mortgage Rates Jump
Americans Move at Lowest Rate since World War II
By Mike Colpitts Saddled with a weak economy and sluggish housing market Americans moved across state lines at the lowest rate since World War II in 2010, according to the Brookings Institution. Only 1.4% moved to a new state during the year. Demographer William Frey said “tepid gains in employment and the rise in home… Continue reading Americans Move at Lowest Rate since World War II
Revolt Grows as More Homeowners Stop Paying Mortgages
By Mike Colpitts Millions of homeowners are living in their homes without paying mortgages as more mortgage holders revolt against banks and mortgage servicing companies in America’s growing foreclosure crisis. Some mortgage borrowers are trying to work with banks and mortgage companies. Others have tired over the hassles it takes to work with lenders to… Continue reading Revolt Grows as More Homeowners Stop Paying Mortgages
Where to Invest in Real Estate
By Kim Olson With the economy slowly recovering and the housing market still soft it’s a prime time to buy real estate to invest in if you’re looking to get into the market. It might surprise you to know that some of the hottest places in the country to historically buy real estate are now… Continue reading Where to Invest in Real Estate
Americans Divided Over Halting Foreclosures
By Kevin Chiu Despite the enormous financial damage it would do to the U.S. economy, Americans are divided over whether the record flood of foreclosures should be halted. That’s the stunning conclusion derived from the latest Housing Predictor poll. With foreclosures at all-time record levels, a divide has grown over the foreclosure crisis like perhaps… Continue reading Americans Divided Over Halting Foreclosures
2011 North Dakota Housing Market
It may seem like an unlikely candidate for a boom, but in the western out-posts of North Dakota an oil boom is taking place that has led to a major housing shortage and it’s driving the local economy. Thanks to a lack of major national lenders, little subprime financing and Alt-A mortgages North Dakota missed… Continue reading 2011 North Dakota Housing Market
2011 Florida Housing Market
Facing the worst real estate crash in U.S. history, the Florida housing market is seeing home prices drop at a pace that hasn’t been seen since the early 1920s before the Great Depression. Despite a surge in home and condominium sales as a result of the federal tax credit, values on homes and condos throughout… Continue reading 2011 Florida Housing Market
2011 Utah Housing Market
Homeowners forced to walk away from their homes and other mortgage holders who are losing confidence in home prices ever recovering from their slide, contribute to record high foreclosure rates in Utah, which is suffering through the foreclosure crisis despite better employment opportunities in some areas. Foreclosures and bank assisted short sales of troubled homes… Continue reading 2011 Utah Housing Market
2011 Nebraska Housing Market
Anchored by one of the three best state employment rates in the U.S., Nebraska housing markets are combining the energy of higher employment, growth in agriculture and financial industries to recover long before the majority of the nation in the real estate bust. Job losses in the insurance industry and specifically home insurance are contributing… Continue reading 2011 Nebraska Housing Market