Posts Tagged ‘Foreclosure’
Posted by Dwight Mathews on January 19, 2011
According to Local Market Monitor’s analysis and report, which looks at 316 U.S. markets, a total of 40 are considered to be under priced. Eighteen (18), are described as being overpriced when real home prices are compared to Local Monitor’s equilibrium target. The remaining 258 markets fall into the gray area of 15 percent over/under the equilibrium price, which the company deems to be a “Normal” market variation.
The article below shows the top 10 markets in each group, where prices should be sitting based on what the local market conditions can sustain. Although, I’m not convinced on the validity of this report, and the percentages given for each market, It does give Investors and relocating Home Buyers something to think about and keep an eye on when you’re looking to buy or invest in real estate in other states or local markets across the country.
Price Corrections Leave Some Hard-Hit Markets ‘Undervalued’.
Posted in Posts | Tagged: Baby Boomers, Buyer agent, California, Foreclosure, Individual Retirement Account, Investing, Retirement | Leave a Comment »
Posted by Dwight Mathews on January 18, 2011
The article below, will give you the real facts about the housing market-“Don’t Believe What You Think You Know”
Despite all the recent positive news headlines about the economy, (some true), the fact of the matter is that housing remains in a doom and gloom realm of reality. The most recent Standard & Poor’s, Case-Shiller composite home price index showed home prices fell in all 20 cities that the index tracks in October from the previous month.
New data from federal regulators show that the nation’s largest Banks and Thrifts, repossessed nearly 187,000 homes during the third quarter of 2010. The number of foreclosures completed during the three-month period is up 14.7 percent from the previous quarter and is 57.5 percent more than a year earlier.
On The Street Economics-Where The Real Experts Live!!
Conflicting views on the housing market I’m afraid, will be around for a long time. Unless, of course you work on the street, in the trenches so to speak. There, you will see and witness on a daily basis, the Real Reality of Real Estate.
S&P Index Records Sharpest Drop in Home Prices Since 2009.
Posted in Posts | Tagged: Baby Boomers, Buyer agent, California, Foreclosure, Individual Retirement Account, Investing, Real Estate, Retirement | Leave a Comment »
Posted by Dwight Mathews on December 8, 2010
The Housing affordability index from the National Association of Realtors, (NAR), remains close to its record high. Capital Economics explained that NAR’s affordability assessment indicates that a median income household with a 20 percent down payment can now more easily afford the monthly mortgage payments on a median-priced home than at any time in the last 30 years.
Such a high level of affordability, however, has done little to drive consumer demand, according to Capital Economics. “The housing market recovery appears to have stalled before it even really began,”!
Research Firm Says Housing Currently Undervalued by 14% to 17%.
Posted in Posts | Tagged: Baby Boomers, Buyer agent, California, Foreclosure, Individual Retirement Account, Investing, Mortgage, Real Estate, Retirement, Roth IRA, U.S. Housing Market | Leave a Comment »
Posted by Dwight Mathews on October 26, 2010
New data released this week by Weiss Ratings, an independent ratings agency, shows that the nations’ largest banks are sitting on over $200 Billion dollars of bad mortgage loans.
According to Martin D. Weiss, chairman of Weiss Ratings; “In addition to the volume of bad mortgages, the vulnerability of each bank to the foreclosure crisis depends on the capital and loan loss reserves it has set aside to cover losses and other factors such as its earnings, liquidity, reliance on less-stable deposits, and the quality of its overall loan portfolio.”
An estimated 4.1 million borrowers-nearly 1 in 10-are in the process of foreclosure or are more than 90 days delinquent and heading that way soon. You can read about this in more detail via the link below.
Nation’s Biggest Banks Each Hold over $20B in Foreclosures: Report.
Posted in Posts | Tagged: Buyer agent, Cash flow income, Foreclosure, Investing, lease option, Real Estate, REO, seller financing, U.S. Housing Market | Leave a Comment »
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