Category: Economy

While both the media and stock investors believe that housing has bottomed, they are unaware of the massive supply of homes that are already in the foreclosure process that will certainly drive home prices down even further when they are …Read more  »

Just when you thought foreclosure filings were stabilizing, they hit another all-time high with almost 938,000 homeowners filing in the third quarter, according to Realty Trac.  This is a 5% increase from the previous quarter. Six states account for 62% …Read more  »

A lot has gone right for the banks lately. Changes to accounting rules have allowed them enough breathing room to operate. Mortgage loan modifications have brought in fees. And trading activities have even helped some banks to boost profits. Still, …Read more  »

The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions …Read more  »

Foreclosures are up nationwide, and will continue to rise as prices continue to go down in many markets.  For some, the problem is painful.  Ask the guy down the block from you whose house is in foreclosure. Some pundits think …Read more  »

With the large number of foreclosures to hit this country over the last few years, con artists have come out of the woodwork  to prey on those in trouble -- including real estate investors. The number of schemes, and those …Read more  »

Speaking in general terms, we may be far from a bottom in the national real estate housing market. Perhaps the government bailout plans and lower interest rates will help, but I remain skeptical that we will reach a bottom by …Read more  »

HUD properties are available all over the United States, and make great investments for anybody that is interested. These homes often get a bad rap for being in bad condition, but in all actuality they are not any worse than …Read more  »

In some of the worst housing markets in the country, deflation has reached double-digit proportions.  While housing woes have spread around the country, California appears to be poised to rank among the worse.  One of the primary reasons for this …Read more  »