housing crisis

Unsold House Inventory ‘Uncomfortably High’

admin_huliq — Fri, 23 May 2008 11:53:24 -0500

Does Lawrence Yun, the NAR chief economist, have a clue? He might just yet. Yun called the new report on the glut of unsold homes ‘uncomfortably high’ in a resignation that the housing market just isn’t in very good shape no matter which way you cut it.

Fiscal Stimulus Package Fails to Stem Rising Foreclosure Filings

admin_huliq — Wed, 14 May 2008 12:05:47 -0500

According to RealtyTrac, 243,353 foreclosure filings were recorded for the month of April. This was a 65% increase year-over-year and a 4% rise from March.

The housing crash continues

admin_huliq — Tue, 13 May 2008 11:54:51 -0500

More bad news for the housing market. According to CNNMoney:

One Million More Vacant Homes in U.S.

admin_huliq — Tue, 29 Apr 2008 15:20:58 -0500

In the past year, the number of vacant homes rose to 18.6 million-- an increase of more than 1 million in last past year.

Group Says Stop The Mortgage Bailout

admin_huliq — Thu, 24 Apr 2008 07:34:21 -0500

As lawmakers return from their two-week spring recess, more a more voices are calling for a mortgage bailout. All those greedy people who profited from the housing bubble are now expecting the federal government to come to the rescue.

Foreclosures Keep Increasing, March is 5 Percent

admin_huliq — Tue, 15 Apr 2008 14:11:54 -0500

RealtyTrac ( realtytrac.com ), the leading online marketplace for foreclosure properties, today released its March 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 234,685 properties nationwide during the month, a 5 percent increase from the previous month and a 57 percent increase from March 2007. The report also shows one in every 538 U.S. households received a foreclosure filing during the month.

Builders Sees No Full Recovery Until 2010

admin_huliq — Mon, 14 Apr 2008 12:47:37 -0500

The demand for new home may take 2 years more to return to the normal rate, in the prevailing situation. This is the concern expressed by the Head of National Association of Home Builders.

Government Regulation Role Of The Mortgage Industry

reversemortgagecity — Fri, 28 Mar 2008 12:07:02 -0500

With the Presidential race heating up it appears as though everyone has an opinion. But what role should they play? And more importantly, why should we listen to them?