Housing Markets That Will Be Strongest by 2014
August 10, 2010 by admin · Leave a Comment
By Venessa Wong, Bloomberg Businessweek
Aug 4, 2010
Where will prices rebound most by state?
A housing market rebound seems tenuous following the expiration of the home buyer tax credit, and consumer confidence remains weak due to lackluster employment, but David Stiff, chief economist at Fiserv, says the bottom is near. Home prices in the [...]
60 Minutes Episode: Mortgages Walking Away
It’s estimated that one million Americans walked away from homes “underwater” or worth less than their mortgages even though they could afford the payments. Morley Safer reports on this trend, called strategic default, that threatens the economic recovery.
Extra: Are Mortgage Walkaways Going Viral?
Extra: YouWalkAway.com
Extra: The Case For Walking Away From Your Mortgage
Extra: [...]
Bank offers mortgage relief
March 27, 2010 by admin · Leave a Comment
Plan is part of Countrywide settlement
BY IEVA M. AUGSTUMS
ASSOCIATED PRESS
CHARLOTTE, N.C. — Bank of America is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.
The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30% of some customers’ total mortgage [...]
U.S. to increase housing loans
$14 billion to help jobless owners refinance via FHA
BY GRETA GUEST
FREE PRESS BUSINESS WRITER
The Obama administration said Friday that it would widen the reach of its home loan modification program, which could help thousands of unemployed and underwater Michigan homeowners.
The Home Affordable Modification Program, criticized for its slow pace and low number [...]
End of US Housing Slump Likely to Be Long, Painful
March 29, 2009 by admin · Leave a Comment
Like spring flowers, the “For Sale” signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures.
And even the faint promise of better days ahead might not come true, given all the headwinds the [...]
Home Prices Continue Sharp Descent
May 26, 2008 by admin · Leave a Comment
Yes thats right; housing prices continue to slump, but when will they begin climbing back up? Grab what you can while you can because prices like these will not last forever!
Full Article
Home Prices Continue Sharp Descent
By Les Christie, CNNMoney.com staff writer
Last Updated: May 14, 2008: 3:10 PM EDT
NEW YORK (CNNMoney.com) — Single-family home prices [...]
Foreclosures Spike 112% – No End In Sight
April 30, 2008 by admin · Leave a Comment
The article below describes more in depth how severe and widespread the mortgage crisis has become. Each and every home will present an opportunity for an investor.
“Detroit, which ranked sixth in the nation with 1 in every 68 households in default”
Article Link
More than 155,000 families have lost their homes to foreclosure this year; [...]
Bargain hunters boost home sales in some markets
April 18, 2008 by admin · Leave a Comment
Don’t miss out on the once in a lifetime opportunity to invest in this market correction.
By Stephanie Armour, USA TODAY
Home prices are sinking. Banks are seizing properties from owners who can’t pay their mortgages. Yet for Amber Gilmore, the miserable housing market has never looked better.
After searching for a home for more than a year, [...]
US mortgage crisis may cost $945 billion worldwide: IMF
More bad news for the global credit crisis and economic outlook below. Remember, someones loss is another’s gain and the time is now to capitalize on those losses. We have seen recent cash infusions for large banks like Countrywide, Washington Mutual, and Lehman Brothers alerting the global markets of faith in the financial [...]
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