Members: 105,192 -
3,704 Online Now
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "housing crisis":
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
© 2007 ActiveRain Corp. All Rights Reserved 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amy Crews Cutts is the deputy chief economist of Freddie Mac. I have posted many times that housing organizations like Feddie, Fannie, Toll Brothers or the Mortgage Bankers Association of America, don't need economists and that almsot all of them are so biased towards their own industries that what they say is pretty … (0 comments)
Leading Investmetn Bank, Morgan Stanley sees more finance crisis pain and saod
NAR Predicted end of this year and it does seem there are a few more buyers out there...but just a few. Former Federal Reserve Chair Allen Greenspan is predicting that the end will be more like mid 2009. But get this...he says the way to end it...to increase the number of … (14 comments)
I am fortunate enough to live and work in a market which is still enjoying appreciation, and a relatively low absorption rate when compared to the rest of the country. 
According to Fannie Mae CEO Dan Mudd, the company is trekking its way steadily through the "99th year of a 100 year storm." Although housing prices are still declining in many areas of the US, Fannie Mae is forecasting that the cost of weathering the credit crisis will peak within the … (4 comments)
On July 30, 2008, President Bush signed into law a far reaching housing bill that attempts to address the country's housing and mortgage crisis. The law does not go into effect until October 1, 2008 and it may potentially take several more months for the new loan programs that are authorized … (0 comments)
Pathetic Piping Puppets - When I see some of today's financial "experts" telling us why there was a housing meltdown and why there was a mortgage crisis and why we now see the financial system crumbling . . . I find myself yelling at the TV, eventually launching the clicker at … (11 comments)
Today President Bush signs a Housing Bill that would help FHA finance new loans for home owners in trouble or about to be in trouble and to avoid foreclosure in the coming years. This new housing bill includes, "$300 billion in new loan authority for the government to back cheaper mortgages … (0 comments)
Wednesday, July
23, 2008 (Roll Call #519)
the US House of Representatives passed
HR
3221; The Foreclosure Prevention Act of 2008; 272-152, 11 not voting.
Shortly thereafter on Saturday July 26, 2008
(Roll Call #186) the US Senate passed
HR
3221; 72-13. Both branches of our government passing the bill … (2 comments)
I have really been turned off by the media's obsession with Barack Obama. I hate it when anyone tries to form my opinion for me, or shows extreme favoritism. So lately, I have turned off the news when it comes time for political discussion. Obama's always been a hard sell for … (19 comments)
I’m sometimes not sympathetic when homebuilders complain to the press that they unfair press coverage, but consider this:
The House and Senate reached agreement on a massive housing bill that affects FHA, Fannie and Freddie, tax policy and many changes involving the housing market. The housing and mortgage crisis has caused Congress to combine these provisions into a bill exceeding 400 pages.
I have been keeping up with several recent posts about whos fault it is with the mortgage and financial mess were in. I came across an interesting piece on Yahoo video that was meant as a slam piece on our current president. Leaving politics out of it, I think what they … (2 comments)
A few years ago, the sun was bright and the wind was strong. And while we were never the perfect partners, we still understood that both the Reator Ship (the SS CrazyMarket) and the mortgage ship (the SS LooseLending) needed to make it to shore for a real estate transaction to … (75 comments)
Most of us have heard of the bigger fool theory as it relates to investment property, especially with flipping. Let's take Florida as an example. During the real estate boom, "investors" would buy a condominium in the pre-construction phase and resell it for more after it was completed, often … (4 comments)
Has the news media blown the housing crisis out of proportion? I think so, and here is why. The housing market can be compared to other free markets, such as the stock market, in many ways. In very basic terms, if markets have a sharp increase in prices, somewhere that market … (18 comments)
I just read another article in Yahoo news about how many celebrities are facing the same housing crisis the rest of the country is seeing. Just because you are a celebrity and might be making a bit more than the average person....it seems that some of them that purchased Real Estate have … (12 comments)
The other day I picked up a for-sale brochure from a home across the street. It was no surprise to see it listed for $150,000 less than what mine appraised for 2 years ago. Nothing new. This is the same old story that we've heard for the past year and a … (0 comments)
Freddie/Fannie (conventional loan lenders) tiered interest rates higher for lower credit scores and eliminated many of their No-Down Payment loans. Sub-prime doesn't really exist anymore and the Mortgage Insurance Companies won't insure 100% loans or buyers with less than 620 credit scores. These actions over the past 4-5 months have left … (2 comments)
In 8 days, After 16 years in All Aspects of Foreclosure Real Estate I'm Exposing every Technique I Know
Bill Lagan walked into my office on Friday, slapped June's Money Magazine down on my desk, and said, "You're gonna love this <expletive deleted>." I knew I was in for something good, since I usually don't have to censor anything Bill says.
We have really seen hard times in the business for the past several months. Some of it probably represents a good clean out of the garbage some people have been calling loans for a long time.
What is buy and bail? Please watch this video
I came across an article this morning on current housing crisis and its final impact on US economy. Thought I would share this with rest of you so we understand the magnitude of the challenges we are facing as an industry.
Here's an informative article posted on the Boston Herald discussing the foreclosure mess in Massachusetts.
On Tuesday, the Senate Banking Committee approved legislation which it believes will assist beleagured home owners by allowing them to refinance loans that they cannot afford. 
I won't jump the gun and say that all is well but, according to an article in the Wall Street Journal, housing prices have been slowly, if steadily, declining since 2006. The author, Cyril Moulle-Berteaux, notes that in 2005 and 2006, the average home mortgage required 25% of a buyer's monthly … (0 comments)
An article in the Wall Street Journal, Online (5/6/08) reported "The Housing Crisis is Over." The national housing market is considered to have bottomed out in April 2008, with a long but forward moving road towards recovery. The significant factor: affordability.
By CYRIL MOULLE-BERTEAUXMay 6, 2008; Page A23
As long as there have been mortgages, there have been foreclosures. In times past, the unfortunate or unexpected would happen, and the unlucky homeowner would find themselves on the street. This occurrence, however, was an anomaly. According to research from the FDIC, foreclosure rates on conventional loans from 1951 to 1979 … (2 comments)
I'm excited. Commentators from all sides of the economic arena are telling us that we may be about to see something we typically only read about in textbooks - real free market supply and demand principles in action and in an important and very visible aspect of our daily lives. Provided the Saudis … (2 comments)
According to the Wall Street Journal in a May 6, 2008 article, "the housing market is bottoming right now". They go on to say that this doesn't mean that prices will start to go up again soon, but rather that the trend is no longer getting worse and the inventory of … (6 comments)
The Housing Crisis is Over -- Wall Street Journal
Yesterday my phone started ringing after an article in the Wall Street Journal announced that the housing crisis was over. Is it true? What do you think? Should I buy a home now? What can I get a 3 bedroom home for in Phoenix? Two emails followed from clients who had … (10 comments)
Just came across a great article published by The Wall Street Journal. It is a must read for those of us that are serious about our real estate careers. It refreshing to read something to read positive news about the real estate industry. We should all make an effort to forward … (5 comments)
Wall Street Journal Wall Street Journal,By Cyril Moulle-Berteaux May 6, 2008The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market … (0 comments)
The Housing Crisis Is Over
"22 million surplus large lot homes in the US by 2025... " 
There have been hundreds of posts about the current crisis of massive foreclosures. Most of them focus on firmly pointing and shaking a finger at one of the parties of the real estate transaction.
I've been seeing on the news a lot lately that we are in a housing crisis. It seems more and more people are losing their homes. These foreclosures are mostly due to unfair lending practices. A few years ago people were buying up houses left and right with mortgages from lenders … (0 comments)
Some of us remember the "the savings and loan crisis" of 1989 that swept across the country. Today we are experiencing a similar crisis, known as the "mortgage meltdown." How do these two events compare? 
The latest twist in the sub prime lending crisis is the deterioration of mezzanine lending that grew significantly during the housing boom (including the over built condo market that currently exists throughout much of Florida).
A $15 billion bipartisan plan to spur the housing market has been approved by the Senate.
http://biz.yahoo.com/ap/080403/homebuilders_congress.html Here a link to a yahoo article about the new legislation congress passed designed to limit the housing crisis. Home builders and mortgage companies aren't the only companies that stand to gain. "Other big beneficiaries would be Wall Street banks such as Citigroup Inc., Merrill Lynch & Co. and Morgan Stanley. In fact, any company … (3 comments)
That's what I'm reading in the Wall Street Journal, Bloomberg, and any form of media that exists. But I go to the source, a "Real Estate Network" site with 80,000 Members, and I hear otherwise. I read that it's not as bad as you think and the media is exacerbating the situation. … (4 comments)
Do you like Thank You cards? I do. I got one just in time for Easter from a client with whom I worked for six months! A pre-foreclosure too. It was a bear of a deal, unlike the cute bunny I received on my card. But in the end, I got … (0 comments)
Most Texans love Texas. We are more proud than the average American is about their homestate. Some see this as negative, others as positive. I'll leave that up to you to decide.
Commerce Department released estimates today for Sales of new homes in the United States which fell to a 13-year low in February. This trend has continued over the past four months for Sales and are off about 30% in the past year. This news was higher than projected by Economists … (0 comments)
This is one of those "Do as I say, Not as I do," deals...
VOTE FOR YOUR FAVORITE PROPOSAL TO TURN AROUND THE HOUSING MARKET
As the national media continue to scream "the sky is falling". I can't help but think the fear that is created with potential buyers is sad. The way I see it... Real Estate Markets all over the country are having a HUGE SALE! If buyers think like big business owners think … (1 comments)
This blog is inspired by another that I read by Debbie Summers entitled, "Why Realtors Are To Blame for the Housing Crisis." In it she explains how Rick Sharga of REALTYTRAC suggests that Realtors are to blame for the record levels of foreclosures. My response to Rick, "don't blame me or … (4 comments)
Well before you can fixed it, we have to understand what happened. Supply and demand. 
Photo by Ed Hopfmann/Daily News staffRamon Gallo stands in front of his home at 93 Nourse St. in Westborough
I had the opportunity to listen to Congressman Isakson yesterday at the Women's Council of Realtors in Atlanta and immediately wanted to pass this along. Please contact your representatives if you support this legislation for the tax credit. Here is the link to the floor statement that you may wish to visit: … (4 comments)
We all remember the wise words that were spoken about the "Ownership Society" and the gentleman who reminded us of this was President Bush. He is correct, an ownership society that owns their own real estate is indeed a much better society and makes for a much better civilization. Why? Simple, … (2 comments)
1/25/08 The worst housing financial crisis is only going to get worse, a Merrill Lynch report said today...they forecast a 15 percent drop in housing prices in 2008 and an additional 10 percent drop in 2009, with even more depreciation in 2010.
In the first of this three part series, we noted that those of us with an interest in the history and the workings of the U.S. economy have found an interesting paradox brewing in the wings. Here's a summary.
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:
President Bush has acknowledged your cries. Now those struggling to survive their previous mortgage pitfalls through the short sale process get a break. Until 2009 you will not be taxed on the forgiven debt. Seems to make sense that if you've lost your home after most likely a long term struggle … (0 comments)
Joseph P. Kennedy, multi-millionaire and father of John F. and Robert F., used to say "Only a fool holds out for the top dollar." Considering his successes in business and in the stock market, maybe he was on to something. And maybe it says something about our current "housing crisis". Let's remember that Crisis … (2 comments)