Archive for the ‘Home Owner’ Category
Tuesday, May 18th, 2010
Over 1.2 million Americans have started the government backed Loan Modification Program, of which 299,000 homeowners (25%) have completed the process and 277,000 (23%) have been dropped. The number of homeowners dropping out has increased from 155,000 the prior month, leaving me to believe that next month will have more ...
Posted in Foreclosure, Home Owner, Sellers | 1 Comment »
Thursday, April 22nd, 2010
Article courtesy of Our Island Real Estate:
No matter how long your home lingers unsold, you can comfort yourself that at least you're not Mark Twain.
The celebrated author put his Hartford, Conn., home on the market for $60,000 in 1901, according to biographer Fred Kaplan. Despite repeated markdowns, the elaborate house ...
Posted in Home Owner, Sellers | No Comments »
Friday, April 16th, 2010
Please note that 'Fastest Pace on Record' does translate all the way to January 2005, which is when RealtyTrac started accumulating these statistics. But the headline did catch your attention, right?
The number of foreclosed homes increased 35 percent in the first quarter of 2010 compared to a year ago. Additionally, ...
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Tuesday, April 6th, 2010
According to a poll released by Fannie Mae on Tuesday, Americans believe the time is right to buy a home. Of the 3,451 surveyed, 64 percent feel prices will be the same or higher over the next year. This level is in line with how respondents felt in back in ...
Posted in Buyers, Home Owner | No Comments »
Wednesday, March 31st, 2010
Standard & Poor's/Case-Shiller 20-city home price index rose .3 percent from December 2009 to January 2010, the eighth straight month of gains. While the gains have been moderate, the index is up 4% from the bottom in May 2009 yet still down 30% from the peak in May 2006. The ...
Posted in Buyers, Home Owner, Investors, Sellers, Statistics | No Comments »
Monday, March 29th, 2010
We are all well-aware at this point that adjustable-rate mortgages are a major contributing factor to the foreclosure crisis. Recent polls show us that nearly one in every seven borrowers are behind in there payments. That's 13.6% of homeowners with mortgages. Today I'm focusing on what may likely cause a sharp ...
Posted in Foreclosure, Home Owner, Investors, Statistics | 1 Comment »
Friday, March 26th, 2010
The Obama Administration today announced a plan to reduce the amount some homeowners owe on their homes, something that we've been speculating on for months. Homeowners who are 'under-water' but have been paying their mortgage on time will be eligible for a reduced principal through new loans backed by the ...
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Wednesday, February 3rd, 2010
One in every four homeowners in the United States is 'underwater', meaning they owe more on the home than it's actually worth. And you can expect that number to rise.
It's actually amazing to believe that such a high number of houses fall into this category. It was recently estimated that ...
Posted in Foreclosure, Home Owner, Investors, Sellers, Statistics | No Comments »
Tuesday, December 29th, 2009
Home prices rose again but in only 11 of the 20 regions tracked by the Standard & Poor's/Case-Shiller home price index. The index is off of it's lows from May of this year but is still well below it's all-time highs in April 2006. On Monday it was reported that ...
Posted in Buyers, Foreclosure, Home Owner, Investors, Sellers, Statistics | No Comments »
Wednesday, July 29th, 2009
As expected (by myself, not the Obama camp), the housing initiative that allows borrowers to modify their home loans to avoid foreclosure is not going so well. The original goal was set at helping out between 3 and 4 million homeowners. Everyone cheered at the proposal and the 'promise' but ...
Posted in Foreclosure, Home Owner, Sellers | 1 Comment »
