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Blog entries tagged with "housing bubble":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
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"From 2005 through 2007 alone - that is, at the peak of the housing bubble - more than 22 million Americans bought either new or existing houses. Now that the bubble has burst, many of those homebuyers have lost heavily on their investment. At this point there are probably around 10 … (11 comments)
What impact does the stock market have on the real estate market? Some would say for once the real estate market's loose rules for lending is what has caused the current implosion in financials in the stock market. Verses the usual where the economy tanks followed by the real estate market … (1 comments)
On June 11th the Wall Street Journal published an article titled "Some Buy a New Home to Bail on the Old", the article discusses the fact that some homeowners are buying a new home claiming that their existing home is being rented and then simply letting the first home go into Foreclosure. … (4 comments)
Here is a little tidbit from the past. This was published in June of 2005 and Deloitte Research declared that there was no housing bubble ...
Housing Bubble; Home Price Data Suggests Otherwise, Says Deloitte
Housing Bubble? Home Price Data Suggests Otherwise, Says Deloitte
… (6 comments)
Recession proof your mind. Stop allowing media to control your destiny. We all have read books, new articles, or watched TV/Internet and hear we are in a recession. So say they don't need to watch anything they can feel and see it in the everyday lives. Some say things like: " … (2 comments)
While searching the web I came across this catchy tune. Before long I was bouncing to the beat and even singing some of the lyrics -
"I got my mortgage and I made my payments. But my rate reset in my latest statement. It was 12-hundred, now its 24. I'm three … (3 comments)
Do you ever get tired of turning on the news or picking up a paper only to hear or read how bad everything is? I guess our society is geared towards paying attention to bad news then to look for the positive.
I just received this information from Fidelity Title Company in Alameda! I tend to believe it is true as I am experiencing it in my area. I feel the prices will not drop any lower than what they are now! How do you feel about it? Opinion The Housing Crisis Is OverBy CYRIL … (4 comments)
I spent 6 hours today (from 3am until 9am my time!) doing radio interviews about house prices around the country – Columbus, Akron, Tampa, Pittsburgh, New York, Portland, Grand Rapids, Boston, Denver and several others. Here are some observations:
One of the national largest hombuliders Centex Homes declares huge loses. Dallas Morning News announced : " Dallas-based Centex Corp. - one of the country's largest homebuilders - lost more than $910 million in the most recent quarter.Centex closings for the quarter, which ended March 31, fell 33 percent from a … (14 comments)
Foreclosures are driving price declines. Riverside/San Bernardino was most affected. Fifty-six percent of homes sold in Riverside County in March were foreclosures, which caused the area’s median price to drop 27 percent to $306,250. San Bernardino’s median price fell 28 percent to $265,000. *To view the full post, please visit the … (0 comments)
Everything has its price. Even money.When subprime was king just a short while ago and my 10 year old son could have been approved for a home loan, many were reveling in the cashflow. And who could blame them? People were willing to pay overinflated price tags on homes, and lenders … (6 comments)
Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate … (1 comments)
Authored by: Options Realty April 8th, 2008
For those who have been watching the real estate cycle there were some signs.
In October 2001, I started selling real estate in Palm Coast, Florida. In October 2005, I jokingly asked my husband if he would like to take off and travel around the world. Much to my surprise…he said yes. (Check out blog posts from our trip…coming soon)
Between October 2001 & … (0 comments)
Home prices just may drop sharply this spring, according to Jonathan Clements, as hurting sellers in hard-hit areas give up and radically lower their asking price. This means opportunity is on the horizon this spring...
What is the State of the Housing Market? Please choose the best answer.A. Looks like the start of a recovery. NAR Q3 2007 Report indicates roughly half of US markets show an increase in median home prices.B. About flat, plus or minus 1%...OFHEO reports Home Prices down 0.4% in Q3 2007C. … (7 comments)
In todays market the scary word is such a seemingly mild thing as a bubble. The good thing to know is that bubbles are susceptable to outside forces and in knowing that, gives us some control. The key factors in leading to the "Bubble" is an over appreciation of some market … (1 comments)
In response, I am enclosing herewith is a post for you guys' reference:
I've been checking historical stats for the month of January. Mainly because we were in the recent bubble and boy, did it burst. Many of my friends and neighbors are upside down in their homes. Buying at the peak and are riddled with buyers remorse. They come to me, "did you see that spec home … (1 comments)
It is funny this year we have grandstanding for the next presidential elections taking place and no one is really addressing and issues that effect you and I in real estate. We are not foolish enough to belly ache about our own ccareers and brokerages. We do not have it as … (12 comments)
Here's the quote of the day...OK two quotes...on housing news. This is in response to data showing a 6.7% FALL in housing prices in October from a year earlier:
There was an interesting news piece this morning on NBC 4, talking about how the Maryland housing market is going to continue like this for the next year. The report was based off of anticipated loss of tax revenues due to the housing slump, and stated that the market is … (0 comments)
With all the talk about a housing "bubble" with falling home sales and home values and now the subprime debacle, some of us may be losing sight of the abundant opportunities that this offers for realtors and buyers, alike. In fact these opportunities extend to seller, as well, as home prices … (0 comments)
Facing a declining housing market, the U.S. Department of Veterans Affairs (VA) distributed a document (Thursday, December 06, 2007) reaffirming that the agency requires appraisals at fair market value for properties used as security for a VA loan. Download Circular 26-07-4 -Valuing Properties During Periods of Declining Market.pdf
On Sunday I held one of my listings open, as I usually do on the weekends. And as usual, I had 5-6 buyers who love the house but are waiting to buy when the market hits bottom. A few buyers are making their move now but most are waiting. However, it … (0 comments)
The weakening dollar has created many issues for US consumers, but could it be help our housing economy with foreign investors looking for an investment or even a second home?
Last night, watching the sunset with my family, I realized that we were the only Americans enjoying the great view. English, German, Canadian accents were all that I heard. Our tourist season has started earl this year. The local press has highlighted the booming tourism sector, and the recession in the … (1 comments)
Think you've heard enough from the media on the real estate market in Vegas? Who is better at telling the truth about the real estate business other than the people in the business? What does the media know? Only stories that sell news; true or not.
First, a disclaimer. I am not a banker. I am not a financial advisor. I'm just a Realtor. Please ignore anything that I say.Update 12-1-07: I want to make the concept of SIVs more clear. Imagine this:Bank has $1 Billion making 5%Bank figures they can start a fake company (which is not reported … (17 comments)
As I look at our local market and see inventories rising and sales dropping I wonder why. 
I always get a chuckle watching news shows and listening to these panels of "experts" predict what's going to happen in various markets in the future.
There's a tad of media hype in this one, but it seems to be to be actually a fairly balanced ariticle. It drives home the consequences that some families are dealing with in one Arizona town - putting a human face on some of the statistics that we read every day.Good … (5 comments)
I ran across this article from Kiplinger Forecasts this morning. It does a fair job of addressing the question on every troubled home owner’s mind: Is there a bail out coming? So far, the answer appears to be no. Despite high level legislative chatter, the recent Bush proposal for FHASecure—the details … (10 comments)
With Alan Greenspan being in the news so much recently... I have heard several of my Realtor friends say that they wish he would just keep quiet ! They say he is talking too much, and now that he is no longer Chairman of the Federal Reserve, that he needs to … (9 comments)
The media in today's world seems to take things and not only dwell on them, but take them out of proportion, create "talking points", and will use nearly anything to create drama and viewers. Without question 2007 has not been as successful nationwide as the preceding years of this century. However, … (1 comments)
I was perusing today's New Jersey Star Ledger and came across an article about K. Hovnanian Homes "Deal of the Century" happening this weekend. Apparently the homebuilder has decided to offer extreme price cuts on a number of homes this coming weekend. The article in the Star Ledger is reporting that … (2 comments)
Two subjects that often come up in my day to day work with loft buyer's in St. Louis: The subprime mortgage meltdown and the number of new construction lofts downtown.
Interestingly, the two subjects are related.
The beast is that loft buyer's that sign contracts for new construction often times have … (0 comments)
OnPointRadio.org, a nationally syndicated talkshow on NPR, is hosting a program NOW entitled, "The Subprime Mop-Up." If you live in Greater Boston, you can listen to 90.9FM from 9-10am this morning, Thursday, September 6, 2007, or the rebroadcast tonight from 7-8pm. Beyond Boston, you can also listen to the program LIVE … (2 comments)
One of the most commonly asked questions that I get from realtors and clients now days, is who can qualify for 100% fianancing and how to qualify for it.
I live in Stamford Connecticut. (45 minutes oustide of NYC) Stamford is BOOMING. Everyday a new corporation is announced that it is moving here or it is announced that a financial firm from NYC is moving their headquarters here. The towns surrounding Stamford are New Canaan, Greenwich, Darien and Rowayton (Norwalk). … (0 comments)
I just got off of the phone with a mortage broker discussing the latest news in the Jumbo mortgage market. While it is still really bad for those of us in areas that regularly see homebuyers using this product, there is some glimmer of hope that deals can still be salvaged. … (8 comments)
I am no Real Estate Guru, but this article is quite eye opening.Give me your thoughts But oddly, like the rest of America, most of the time I don't think about the housing bubble that's about to pop. We ignore the coming storm.Click here to visit FOXBusiness.com's Real Estate page.But when it … (0 comments)
I have been following the residential housing market closely for many now years and have tried over and over to make the case to friends, colleagues and family members that reduced lending standards were the primary driver behind skyrocketing real estate prices over the past five years; not the economy, not … (2 comments)
The current housing situation reminds me of when I was quoted in The Hartford Courant about why tennis pro Ivan Lendl’s estate in Goshen, CT remained on the market. Generally, for a home like Lendl’s, with an asking price of $25 million, decreasing the selling price by even a significant amount … (0 comments)
As many of us sit here anxiously awaiting a decision as to where the fed will put interest rates I cannot help but think where it will lead the housing market. Many of my friends with economics degrees debate with me saying that the easy availability of money is to blame for … (2 comments)
Where is the long predicted bursting of the Real Estate Bubble?By: Tony Meier - Eastside RealtorWe have all heard it! On the nightly news, in the Sunday papers and on many real estate blogs. The long predicted colapse of the real estate bubble! Unfortunately, for all the doomsayers, real estate still … (0 comments)
The Dr. Housing Bubble Blog has a great post titled "Why Did the Housing Phenomenon Spread?" and analyzes the rapid growth of the housing bubble through the lens of best-selling author Malcolm Gladwell's Tipping Point principles. If you like Malcolm Gladwell, like I do, it's interesting to see his theories put … (2 comments)