Sunbelt States Losing Population

In a major reversal of trends, for the first time many of the most populated Sunbelt states are losing population as a result of the real estate crash and financial strain. It’s the first time in decades that many of the country’s finest Sunbelt states, including Florida, Nevada and Arizona have experienced a drop in… Continue reading Sunbelt States Losing Population

Best Housing Market in America

There’s simply no doubt about it. Burlington, Vermont and neighboring South Burlington are the best housing market in America rated by the lowest number of foreclosures in the nation, and there’s not any doubt why. All bottom seven communities on the 2009 Realty Trac foreclosure list are college towns, where local economies have been boosted… Continue reading Best Housing Market in America

Homeowners Get Little Hope in Obama Speech

By Mike Colpitts Facing stiff political opposition, rising protests over government bail-outs and growing anger President Barack Obama delivered his first State of the Union Address without mentioning the foreclosure crisis. But he spent plenty of time addressing the financial crisis, reining in excessive risk taking on Wall Street and lots of other topics. His… Continue reading Homeowners Get Little Hope in Obama Speech

Cold Chills Strike from New Deal Era

HYDE PARK, New York – Step into the library of President Franklin Delano Roosevelt’s after paying the admission and the first thing you see is a corner dedicated to the Great Depression, America’s last big battle with the U.S. economy. For any mortal in touch with reality these days a cold chill reverberates down your… Continue reading Cold Chills Strike from New Deal Era

Mortgage Modifications Lag

Bureaucratic stumbling blocks and red tape have hampered the government’s mortgage modification plan, helping only a small number of Americans stay in their homes, Treasury Department officials acknowledged. The Obama Administration’s Home Affordable Modification Program (HAMP) has permanently modified only 66,000 homeowner mortgages from more than 4-million that may be eligible for the plan. Another… Continue reading Mortgage Modifications Lag

Slow Ride to New Paradigm in 2010

Slow Ride to New Paradigm in 2010 By Kevin Chiu Mortgage rates are creeping upward. The sale of foreclosed properties is slowing as bankers catch up with the record volume of homes in default. Money markets remain tight, and the volume of home sales has slowed as a result of government incentives that were expected… Continue reading Slow Ride to New Paradigm in 2010

Answer: Saving the Real Estate Market

There are no perfect choices as President Barack Obama sits down with his financial advisors to talk over just what they’ll do next in the housing mess. Some choices are just better than others. Wall Street greed and bankers blunders got us to this point with the economy, and straightening out the mess is like… Continue reading Answer: Saving the Real Estate Market

Huge Rise in Walkaways

A growing number of homeowners are doing what was once unthinkable – strategically walking away from mortgages, and the trend is showing huge signs of increasing with the approval of academia. A consulting company working for financial institutions, Oliver Wyman estimates that 16% of current foreclosures are of mortgage borrowers intentionally walking away, choosing to… Continue reading Huge Rise in Walkaways