Jul - 11th
An avalanche of foreclosures in California and Florida
Posted at 12:35 pm | Filed Under California Housing Crash, Florida Housing Crash, Mortgages, The Economy, Real Estate
If you thought that the housing market couldn’t get any worse, you get wrong. The Sun Sentinel reported this:
Florida foreclosures up 92 percent
Home foreclosures continue to multiply in South Florida and the rest of the nation, and analysts say the crisis likely won’t ease until next year at the earliest.
“Between falling home prices and the […]
Jun - 10th
Florida’s foreclosure crisis
Posted at 7:25 am | Filed Under Florida Housing Crash, Mortgages, The Economy, Real Estate
Things keep getting worse in Florida when it comes to the housing market. According to the Miami Herald:
Foreclosures surge in Florida
California and Florida lead the nation in foreclosure filings, and more than one in 10 Florida homeowners are in trouble.
Rapidly declining property values touched off a new wave of home-loan delinquencies in Florida during the […]
May - 28th
More problems ahead for Orlando’s housing market
Posted at 7:16 am | Filed Under Florida Housing Crash, Real Estate
This from the Orlando Sentinel:
Hope dims for a turnaround in Orlando-area housing, experts find
A closely watched index of housing values released Thursday showed that the Orlando area’s stock of existing homes lost more ground during the first quarter of 2008.
The Metro Orlando index, based on data from the Office of Federal Housing Enterprise Oversight, fell […]
May - 27th
More home prices declines
Posted at 11:46 am | Filed Under California Housing Crash, Florida Housing Crash, Mortgages, The Economy, Real Estate
May - 27th
The burst of the housing bubble will last a long time
Posted at 12:18 am | Filed Under California Housing Crash, Florida Housing Crash, The Economy, Real Estate
This from CNBC:
“This is going to be another difficult spring,” said Mark Zandi, chief economist at Moody’s Economy.com. “I think we are at the beginning of the end of the housing downturn, but it is going to be a long and painful end.”
The devastation is certainly a far cry from the boom years from […]
May - 15th
South Florida is inundated with foreclosures
Posted at 12:00 pm | Filed Under Florida Housing Crash, Mortgages, The Economy, Real Estate
The housing crash continues in Florida and the losses are accelerating. According to the Sun Sentinel:
South Florida foreclosure sales rise dramatically
The housing crunch rages on, as more South Floridians behind on their mortgage payments are losing their homes in foreclosure sales after failing to work out deals with lenders.
Scheduled sales in Broward County hit 2,568 […]
May - 2nd
Foreclosure tour
Posted at 7:06 am | Filed Under Florida Housing Crash, Real Estate
More stories of the bursting of the housing bubble in South Florida. According to the Miami New Times:
On this foreclosure tour, the mortgage crisis is just another money maker.
The unlikely day-trippers were part of the inaugural Miami Homes Tour, a new tactic for hawking foreclosed property. Its organizers are part of a burgeoning brood of […]
Apr - 30th
The housing bubble keeps bursting in Florida
Posted at 12:15 pm | Filed Under Florida Housing Crash, The Economy, Real Estate
This from the Miami Herald:
1 in 97 Florida households in foreclosure
The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday.
Florida […]
Apr - 30th
Florida sellers need a reality check
Posted at 7:46 am | Filed Under Florida Housing Crash, Mortgages, The Economy, Real Estate
This from the Palm Beach Post:
Lower prices can put ‘real’ in real estate
Could reality, at last, be setting in among Florida home sellers?
Given how things have gone since late 2006, last month’s area real-estate numbers didn’t so much contain positives as they contained fewer negatives. Prices went down again, but sales went up a little, […]
Apr - 29th
Foreclosures jump 112% from a year ago
Posted at 10:12 am | Filed Under California Housing Crash, Florida Housing Crash, Mortgages, Real Estate
The bad news for the housing market just keep coming. According to AP via Yahoo Finance:
Homes facing foreclosure more than doubled in 1Q from 2007
LOS ANGELES (AP) — The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left […]
