Check out this really interesting infographic and article on the housing crisis and the state of the housing market. It’s presented from the perspective of someone getting ready to start their own life and find their American dream – someone just out of college. The interesting conclusion at the end of the article is that […]
The latest foreclosure numbers are out, and the month of September showed the lowest rate of foreclosures since July 2007. It was the second month in a row that the numbers were down, following three months of increases. Year-over-year numbers for September showed a 16% drop, with the biggest declines in the states hardest hit […]
According to Faith Schwartz, executive director of HOPE NOW, short sales are drastically helping their overall foreclosure prevention efforts. The month of May brought nearly $38,000 completed short sales, bring the program’s total to over 900,000. In addition, 63,000 homeowners received permanent, affordable home loan modifications, with more than 17,500 through HAMP and 45,000 through proprietary […]
Mortgage delinquencies have hit their lowest point in 4 years, according to the Mortgage Bankers Association, down from 7.58% to 7.4%. This includes mortgage payments that are at least one payment behind, but does not include loans already somewhere in the foreclosure process. The peak number was over 10%, during the height of the housing […]
According to the analytics firm, Capital Management, the housing crisis will actually end this year, thanks to looser credit standards and availability for borrowers. Borrowers are required to have a credit score of 700 or higher to obtain a mortgage loan. This is consistent with numbers from a year ago. In addition, banks are “lending […]
With the housing crisis still taking its toll, the nation’s homeownership rate slipped further during the first three months of this year. The U.S. Census Bureau reported Wednesday that the homeownership rate dropped to 66.4 percent at the end of the first quarter. It’s fallen back to a level not seen since 1998. Analysis of […]
Good Morning, Back in July, a calculation was made as to how to frame the issues that concern real estate investors today. We framed the industry as a free market solution to the housing crisis, an industry that can protect taxpayers from Fannie and Freddie, and an industry that was ready to establish a permanent […]
Jon Stewart's take on the housing crisis from last night's show is probably the most insight reporting I've seen to date about the recent revelations that banks hadn't been "reading the fine print." ~josh See The Daily Show
It’s hard to find any two experts who agree on when we’ll hit the bottom of the housing crisis. We’ve seen predictions ranging from 2nd quarter of 2011 to the end of 2012. But more and more, we’re seeing predictions that run into 2013 and 2014, followed by a decade of slow improvement. While it’s […]
It’s really a sign of the times – we’re so embedded in this housing crisis, and it’s becoming such a part of our culture that it’s actually losing some of its stigma. Get this – 36% of Americans now view strategic default – simply walking away from a mortgage – is acceptable, at least under […]
