Featured News, Mortgage, Real Estate, Residential, US Real Estate

NY FED Estimates Millions More Foreclosures Possible In 2012 and 2013

By Donna S. Robinson | January 13, 2012
It seems that something is amiss when you compare recent media reports with the actual housing data recently provided by William C. Dudley, the President and Chief Executive Officer of the Federal Reserve Bank of New York.
Mortgage, US Real Estate

Foreclosure Process Takes Twice as Long

By Mike Wheatley | December 29, 2011
The average length of a foreclosure process has more than doubled since the housing crisis gripped the nation in 2007. Back then, the average length of time for a home to be foreclosed was just 253 days. Now, the average length of a foreclosure process is almost two years – 674 days, to be absolutely precise.
Mortgage, Real Estate, US Real Estate

Flipper’s Role in Housing Bubble Exposed

By Mike Wheatley | December 14, 2011
A new federal report shows that house flippers – investors who bought properties in the housing boom, did them up, then sold them on for a quick profit – bear more responsibility for the housing bubble than we first thought, according to a report in the Associated Press. The Federal Reserve Bank of New York […]
Featured News, US Real Estate

Distressed Properties Top Out: Now What?

By Phil Butler | November 28, 2011
In a story from the Wall Street Journal this morning the level of distressed properties around the world is expected to rise. The even worse news is, demand for said properties is expected to decline as well. What this means is, those inflated stories citing sales increases will cease to over inflate an already dismal economic consensus. When you next hear of sales volumes, a more true picture may be gleaned.
Real Estate, Residential, US Real Estate

Housing Crisis Gone To Pot

By Mike Wheatley | November 16, 2011
The housing crisis has presented an unlikely opportunity for those involved in the illegal “homegrown” marijuana trade, as more and more drug dealers take advantage of foreclosed homes standing empty and transform them into cannabis growing factories. Las Vegas in particular, has seen a huge increase in the number of marijuana farms appearing in its […]
Featured News, US Real Estate

To Do, Or Not To Do? That is The Question...

By Mike Wheatley | November 9, 2011
Five years into the housing crisis, and with almost one in three mortgages underwater, the worrying news that residential property prices are once again falling is a sure sign that things aren’t getting any better. In fact, they could be about to get a whole lot worse, as falling property prices will no doubt lead […]
Real Estate, US Real Estate

More Americans Are Deciding To Stay Put As Recession Hits Home

By Mike Wheatley | November 1, 2011
People in the U.S. are no longer flocking to the southern states to bask in the warm sunshine in the numbers that they used to before the housing crisis hits home, according to a new study. The Carsey Institute at the University of New Hampshire found that the trend of migration from colder northern states […]

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