Category: U.S. Housing Crisis

September 14, 2011 Category: U.S. Housing Crisis

Foreclosures Soar 200% in August

Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month.

June 22, 2011 Category: U.S. Housing Crisis

Making Money in Real Estate in 2011

According to the National Association of Realtors, all-cash buyers accounted for 30% of existing home sales last month. That’s up from 25% in May 2010, and 12% two years ago. If you go back to March of this year, cash buyers made up an astounding 35% of all existing home sales.

June 15, 2011 Category: U.S. Housing Crisis

Housing Crisis Worse than Great Depression: 7 Shocking Facts About the U.S. Housing Market

Unless you have been asleep for the past several years, you know that the United States housing market is in the midst of a downturn of historic proportions. According to Case-Shiller, one of the leading housing data analysts, housing prices dropped 1.9 percent in the first quarter of 2011, revealing evidence of a clear double-dip in prices. The fall in prices even led one economist to claim that the housing crisis has been larger and faster than the one during the Great Depression.

May 24, 2011 Category: U.S. Housing Crisis

What Would the Rapture Do to Real Estate Prices?

by Bruce Watson | DailyFinance.com

Where will those who are “left behind” hang their hats?

August 20, 2010 Category: U.S. Housing Crisis

Economic Recovery or Financial Armageddon? – LISTEN NOW!

Follow the Money Weekly radio host Jerry Robinson talks with popular author and financial commentator, Michael J. Panzner regarding the most pressing economic issues. The interview includes Panzner’s outlook on inflation in the U.S., as well as his opinion about precious metals and agriculture.

July 16, 2010 Category: U.S. Housing Crisis

Banks repossess US homes at record pace

Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, real estate data company RealtyTrac said on Thursday.

July 13, 2010 Category: U.S. Housing Crisis

The 50 most unbelievable facts about the U.S. economy

As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US economy, courtesy of the Coto report.

July 8, 2010 Category: U.S. Housing Crisis

Federal Reserve Surprise! "We may have to print more money" to spur "recovery"

Federal Reserve officials, increasingly concerned over signs the economic recovery is faltering, are considering new steps to bolster growth. With Congress tied in political knots over whether to take further action to boost the economy, Fed leaders are weighing modest steps that could offer more support for economic activity at a time when their target for short-term interest rates is already near zero.

July 3, 2010 Category: U.S. Housing Crisis

The housing bubble hangover, part 2

A booming ‘shadow inventory’ in the housing market is almost certain to bring another wave of falling prices and another round of Federal Reserve stimulus.

June 29, 2010 Category: U.S. Housing Crisis

Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg.

June 24, 2010 Category: U.S. Housing Crisis

New home sales plunge to lowest level on record

Sales collapsed a record 33 percent to an annual pace of 300,000 last month from April, less than the median estimate of economists surveyed by Bloomberg News and the fewest in data going back to 1963, figures from the Commerce Department showed today in Washington. Demand in prior months was revised down.

June 14, 2010 Category: U.S. Housing Crisis

Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case

Fannie and Freddie, now 80 percent owned by U.S. taxpayers, already have drawn $145 billion from an unlimited line of government credit granted to ensure that home buyers can get loans while the private housing-finance industry is moribund.

June 10, 2010 Category: U.S. Housing Crisis

Home repossessions hit record high in May

U.S. foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.

June 9, 2010 Category: U.S. Housing Crisis

Economist Mag: "Longer-term Issues for America Are Really, Really Serious"