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Blog entries tagged with "decline":
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moneyboxHere Comes the Next Mortgage CrisisSubprime was just the beginning. Wait until California's prime borrowers start handing their keys to the bank.By Mark GimeinPosted Tuesday, April 15, 2008, at 8:12 AM ET California is to mortgage lending what Chicago is to pork bellies. For years, that meant it was a place … (1 comments)
Yes, this is now happening, lenders are trying to stop homeowners from destroying their property before the lender forecloses. These lenders state that if the property is in good condition when foreclosed upon they will reward the former borrower. The amount can range from a couple of hundred dollars to several … (5 comments)
Dave Gallagher is the business editor at The Bellingham Herald. He maintains a business blog for the Bellingham & Whatcom county business pulse.
Lately, when I present a market analysis to Paradise area residents interested in selling their home, the discussion becomes similar from house to house. “My neighbor just sold their house for 5% more than that less than a year ago” or “ I had my house appraised for more than … (0 comments)
As you can tell from my prior blog posts, I am not one to buy into the "sky is falling", "recession abounds" talk from the media. I do, however, watch closely micro market areas in order to best serve my client's interest to know the smaller market areas as compared to … (2 comments)
Declining Markets has been a hot topic in our office for the last several months, as I'm sure it has been for you.The true reflection of a declining market is of course, a series of properties sold for $x in recent years, then recently resold for $-x, less than the previous … (4 comments)
Ok, so sick of all of the doom and gloom about the market and how things are soooooo terrible. I'm trying to encourage some of the newbies and some of the oldbies, too. So, many times I ask the question..."do you see any homes in your neighborhood priced at what they … (5 comments)
Real estate is experiencing an unusual adjustment these days. Unusual, because in the past, sales declined due to either high interest rates or economic slowdowns. Neither of those factors exist right now, so where does the blame lie?Quite frankly, one of the biggest reasons that home prices rose to such artificially … (0 comments)
Today 12/06/07, Freddie Mac reported that the average mortgage interest rates for 30 and 15 year fixed-rate loans dropped again significantly from last Thursday's averages. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 5.96% (5.94% in the southeast), down from 6.10% a week ago. The average … (0 comments)
The market has finally made the "big" turn in my area. Last month, we saw a drop of 27% in sales price from the previous year. Up till now, prices had been relatively flat with a few months where we might drop a point or two lower than the previous year. … (2 comments)
Rising median home prices? Is the Atlanta real estate markets getting better or worse? What does it mean to you? I think a lot of real estate agents and brokers really don't know how to interpret sale statistics. Contrary to belief, a rising median home price is not an indicator or market strength. … (2 comments)
You may have read my previous rant about what Bank of America did to a Buyer Client. Here is an update, which casts more aspersions on BOA. I learned through a colleague who has a solid contact at the Bank of America who advised me that on Friday 9/14/07, BOA discontinued … (0 comments)
I came across the following article:
I'VE SEEN DOZENS OF SITE/MEMBERS POST CONCERNS ABOUT HOW "FLAT " THE MARKET IS, "WHY THEY'RE HAVING TROUBLE IN TODAY'S MARKET", "IT'S A BUYERS MARKET" OH AND MANY HAVE ALSO GIVEN ENCOURAGEMENT & ADVICE TO A RECENT POST FROM MAGGIE WHO WAS AT THE END OF HER, PROVERBIAL "ROPE". I'VE ALSO … (5 comments)
Fremont General Corp. has put a number of their employees on paid leave "pending further information" after the company was issued a cease-and-desist which prompted an exit from the subprime business.The cease-and-desist issued by the Federal Deposit Insurance Corp. (FDIC) demanded the end to 14 violations including ``unsatisfactory lending practices'' and … (0 comments)
I have the perception that the number of Active Rain blog posts is down in the last few days. Perhaps Matt could confirm or deny? I would have thought that with the real estate activity slowing a little for the holidays, more people would have more time to post - but … (10 comments)
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