insert-headers-and-footers domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131oxygen domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131By Paul Craig Roberts For a picture of the US real estate crisis, imagine New Orleans wrecked by Hurricane Katrina, and before the waters even begin to recede, a second Katrina hits. The 1,120,000 lost US retail jobs in 2008 are a signal that the second stage of the real estate bust is about to […]
Will commercial real estate be the next shoe to drop in the ongoing U.S. financial crisis? While most eyes are on the continuing residential real estate disaster, the reality is that the state of the commercial real estate market in America could soon be even worse. Very few financial pundits are talking about this looming […]
You think home mortgages are the end of the real estate problem! Think again. Because, here comes The Big One: commercial mortgages. Your average big kitchen, 3 1/2 baths, 4 bedrooms, and an entertainment room with a big screen on the wall HOME pales next to a gigantic mall, an industrial/office park, skyscraper commercial building. Commercial […]
I’d been warning you about the next two foreclosures meltdowns. #1 - The resetting of all Option ARMS on residential properties. #2 - The commercial property meltdown. And honestly, this really scares me. Here’s why… You know the housing crisis is bad. The commercial foreclosure crisis is going to be MUCH WORSE.
This is a Credit Suisse Chart of all of the mortgage resets starting with the Sub Prime mess in 2007. There are an estimated 19 million homes that are empty in the United States. An estimated 2/3 of all the homes foreclosed are not even on the market yet.The crazy thing is we have not […]
** Have you registered for the SREC Foreclosure Academy yet? Join us May 14-16 in Dallas, TX to learn how you can “Conquer the Crash” and take advantage of the massive opportunity for real estate investors. For details and to register, visit www.srecforeclosureacademy.com. ** Stay tuned for an exciting announcement coming TOMORROW about a traffic […]
Stall in housing market threatens economy Fed ending program that has held mortgage rates down may also hurt From: MSNBC.com - By Alan Zibel WASHINGTON - The recovery in the housing market is at risk of collapsing. Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go […]
Bank of America to Start Reducing Principal on "Underwater" Mortgages By Ieva M. Augstumms, The Huffington Post CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to […]
Selling Home In 2010 Requires A Strategic Plan Of Action STILL A BUYERS MARKET February 28, 2010|By KATE FORGACH Home sales, value and mortgage applications have risen slightly as mortgage rates stand at a historic low. This glimmer of positive news is offset by estimates that about 48 percent of all U.S. mortgages will be […]
From My Budget 360: Some like to think that the middle class has always been a fixture of American society. In fact, the rise of a steady and strong middle class didn’t happen until after World War II. Clearly people can’t look at the economically painful Great Depression, which rampaged the nation from 1929 to […]
