housing trends: Housing Recovery to Continue Lag for Years to Come W/out Looser Lending
- 07/18/11 05:25 AM
Original article by Carrie Bay @ DSNews.com Last year, banks seized more than one million properties. RealtyTrac says over the same 12-month period, the number of foreclosure filings – including default notices, auctions, and repossessions – was a record 3.8 million, even though major servicers halted foreclosures during the last few months of 2010. Lax underwriting standards during the boom years served as the catalyst for a housing bust that upended not only the mortgage market but the entire U.S. financial system, and has left scores of foreclosures, delinquencies, and vacant homes in its wake. In order to see what changes … (0 comments)
housing trends: Housing Has Never Been This Undervalued according to DSNews.com
- 03/08/11 10:50 AM
Research Firm Says U.S. Housing Has Never Been This Undervalued 3/8/11 We just read this in DSNews.com and we wanted to share it with you. (well we didn't want to share, but thought we should keep you informed) The continuing depreciation of residential property values at the end of last year has made housing look more undervalued relative to income than ever before, according to analysts at the research firm Capital Economics. Based on the latest Case-Shiller home price index, Capital Economics’ study shows that in the fourth quarter of 2010, housing was 21 percent undervalued when compared with disposable income … (0 comments)
Original article by Carrie Bay @ DSNews.com Last year, banks seized more than one million properties. RealtyTrac says over the same 12-month period, the number of foreclosure filings – including default notices, auctions, and repossessions – was a record 3.8 million, even though major servicers halted foreclosures during the last few months of 2010. Lax underwriting standards during the boom years served as the catalyst for a housing bust that upended not only the mortgage market but the entire U.S. financial system, and has left scores of foreclosures, delinquencies, and vacant homes in its wake. In order to see what changes … (0 comments)
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