foreclosures: Housing Recovery to Start in 2011
- 07/30/10 08:15 AM
We are gaining ground slowly. The upcoming financial reform legislation will play a BIG role in how quickly or slowly we do recover. The implementation will be tricky. Dan Greenhaus, chief economic strategist at Miller Tabak & Co., says the only way to fix the imbalances in the housing market is to allow time to pass. He believes the market will begin to recover by the middle of next year. Click here to see his intereview on Fox News: http://michaelpond.wordpress.com/2010/07/30/housing-recovery-to-begin-mid-2011/
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foreclosures: Foreclosures Rise in 75 Percent of Major Metro Areas
- 07/29/10 07:06 AM
Foreclosure activity rose in 75 percent of the nation's top metro areas during the first half of the year compared to 2009. RealtyTrac's Midyear 2010 Metropolitan Foreclosure Market Report shows 154 of the 206 metropolitan areas with a population of 200,000 or more posting year-over-year increases. James J. Saccacio, chief executive officer of RealtyTrac, said that, though there are signs that foreclosures have peaked in some of the hardest-hit markets, the fragile stability in the market is threatened by persistently high unemployment. Rick Sharga, also of Realty Trac, feels that there won't be any real price appreciation until 2013. More here, … (0 comments)
foreclosures: Mortgage Rates and Home Prices and Stablization
- 07/23/10 06:53 AM
Drew Kessler, managing director of Rand Mortgage, believes interest rates won't fall much further than they have already and feels prices will stabilize through the end of the year. CLICK BELOW FOR THE VIDEO LINK OF HIS INTERVIEW: http://michaelpond.wordpress.com/2010/07/23/mortgage-rates-prices-and-stabilization/ … (0 comments)
foreclosures: Foreclosures 31 Percent of all First 1st Quarter Sales
- 07/07/10 02:40 AM
A total of 232,959 properties in some stage of foreclosure sold to third parties in the first quarter of 2010. According to RealtyTrac's U.S. Foreclosure Sales Report, 31 percent of all residential sales were foreclosure homes and the average sales price of those homes was nearly 27 percent below homes not in the foreclosure process. Rick Sharga, senior vice president of RealtyTrac, said only 1 to 2 percent of home sales are foreclosures in a normal market. The report shows foreclosure sales decreased 14 percent from the previous quarter and 33 percent from the peak during the first quarter of 2009. … (0 comments)
We are gaining ground slowly. The upcoming financial reform legislation will play a BIG role in how quickly or slowly we do recover. The implementation will be tricky. 
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