The National Association of Home Builders (NAHB) offered its response to President Barack Obama’s State of the Union Address, praising his remarks regarding foreclosures and efforts to help homeowners stay in their homes. The President’s refinancing plan will continue to help homeowners stay in their homes, the NAHB said, as millions continue to struggle unemployment
To Do, Or Not To Do? That is The Question…
November 9, 2011 by
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
Obama’s Foreclosure Fix Failures
October 10, 2011 by
The Obama administration’s attempts to deal with the foreclosure crisis have been nothing short of abysmal. As of right now, more than 6 million American homeowners remain under threat of foreclosure, or are behind on their mortgage payments. Property prices are continuing to fall, and inventories across the U.S. are overwhelmed with foreclosed homes. Obama’s
The Economy, Monkey See, Monkey Do, and You
August 5, 2011 by
The stock market plummets over 500 points, mortgage fraud, worldwide economies on the brink of chaos, jobless rate stagnant, huge corporations felling whole rainforests – global meltdown imminent. Isn’t it about time someone sound the fire alarm? I mean, we are taught not to bust the glass and pull the red lever in grade school, that is, unless there is smoke – but markets are billowing smoke these days?
Latinos Express Growing Concerns Over Housing Crisis
April 7, 2011 by
ImpreMedia released the results of its new survey indicating that Latinos in the United States have serious concerns about the housing market, largely due to the ongoing foreclosure crisis. Although 72 percent believe they have reached or can reach their “American Dream”, only 47 percent include owning a home as part of that dream. Furthermore,
Fannie Mae’s Michael Williams: Clueless in San Diego
March 6, 2011 by
Fannie Mae President and CEO Michael J. Williams was at the University of San Diego at an annual discussion on the future of home lending. At the top of his agenda, the Obama Administration’s plans to eliminate Fannie Mae altogether – but some side stepping was involved. However slippery Williams and other officials have become, it’s clear lending may never be the same again.
Real Estate Market Forecasts: Are They Inflated?
January 2, 2011 by
One economist warns investors of putting too much confidence in the real estate market just yet. One of the world’s top portfolio experts, David Rosenberg, says the market is still too mercurial being propped up by government incentives. He warns that the economy and Wall Street are far too dependent still no what happens with the housing market. Are some experts inflating expectations? Without a recovered job situation, there is no chance for the housing situation in the long term.
