Oct - 25th
One honest realtor - Is that possible?
Posted at 3:15 pm | Filed Under California Housing Crash, The Economy, Real Estate
Oct - 23rd
Foreclosures in California increase 228%
Posted at 2:57 pm | Filed Under California Housing Crash, Real Estate
The housing crash continues in California. According to the LA Times: “A record number of homes were lost to foreclosure in California over the last three months, up 228% from last year to a high of 79,511 homes. MDA DataQuick reported that more homes were taken back by lenders in the three months ended Sept. […]
Oct - 23rd
Foreclosure filings up 71% in Q3
Posted at 10:26 am | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
This from USA Today:
WASHINGTON (AP) — The number of homeowners ensnared in the foreclosure crisis grew by more than 70% in the third quarter of this year compared with the same period in 2007, according to data released Thursday.
Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71% from […]
Oct - 22nd
Say “hello” to the 2008-2011 recession
Posted at 4:08 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
More signs that the economy is already in a recession and that the worst is yet to come. The Dow dropped more than 500 points today showing that investors are nervous about the economy. CNBC reports:
If you think the economy looks bad now, imagine this:
* An unemployment rate above 10 percent for almost a year.
* […]
Oct - 20th
Fitch: Home prices need to fall another 10%
Posted at 4:36 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
More bad news for the housing market. When the economy moving into a recession, Fitch ratings said today that “The rate of U.S. home price declines will slow in the coming months, though another 10% decline is in the cards before home prices begin to exhibit more stability, according to Fitch Ratings. With prices returning […]
Oct - 16th
Don’t look now but mortgage rates are going up
Posted at 10:33 am | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
More bad news for the housing market. Now that banks are actually requiring down payments and verification of income (what a concept!!!), mortgage rates are going up, even as the Fed desperately tries to bring short term rates to zero.
According to CNNMoney:
Mortgage rates spike - biggest jump since ‘87
NEW YORK (CNNMoney.com) — Low mortgage rates, […]
Oct - 14th
California economic collapse
Posted at 7:21 am | Filed Under Bailout News, California Housing Crash, The Economy
Embedded video from CNN Video
Oct - 10th
Foreclosure Alley - California housing crash
Posted at 7:22 am | Filed Under Politics, Bailout News, California Housing Crash, The Economy, Real Estate
For the past few years, the Inland Empire in Riverside County has been one of the fastest growing counties in the state - home to a major housing boom. But now the Inland Empire is pretty much the poster child for the foreclosure crisis. In the newer developments, house after house sits vacant […]
Oct - 1st
Why the bailout won’t fix the economy
Posted at 6:02 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Yahoo Finance has a great article showing what will happen after the bailout is passed. The main points are the following:
Hank Paulson & Co. survey the banking industry and decide who will stay and who will go.
Within a month or two, Paulson buys $250 billion of worthless assets.
Confidence improves modestly, but banks continue to hoard […]
Sep - 30th
Go Viral: STOP THE BAILOUT OR…. DEPRESSION?
Posted at 9:16 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
« go back — keep looking »







