Housing Bubble News

Housing Bubble News

News, commentary and opinion on the course of the Housing Bubble. Blogs devoted to this topic are encouraged to add their article to Zimbio for inclusion in the wikizine. All strands of opinion are encouraged with the expectation of a... [more]

News, commentary and opinion on the course of the Housing Bubble. Blogs devoted to this topic are encouraged to add their article to Zimbio for inclusion in the wikizine. All strands of opinion are encouraged with the expectation of a mature and informed level of social and economic analysis. Contributions emphasizing the macroeconomic effects are especially welcome.

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Written by TimeshareSalesGuru on
Now may be the time to go ahead and sell your timeshare . If you are not using your timeshare it will quickly become an unused luxury you’d be better off without. Having said that, if you want to keep your timeshare but are falling behind on the loan payments, try to work with the lending institution that made you the loan before it is in danger of foreclosure. Your loan is one that is considered “secured” with the timeshare deed – and is worth salvaging from the loan writers’ perspective. Read Full Story
Written by minkeyblog on
Posted by Jim Minkey on October 21st, 2008 Since September 15, when Lehman went belly up and AIG got bailed out and the stock market started it’s decent, there have been 15 properties sell in Foster City. I personally know of 4 properties in Belmont and San Carlos that had multiple offers and went over asking in the last two weeks. We’ll see how Foster City does with these recent sales. If all of these homes are selling now, in these circumstances, and some are even getting overbids that certainly would argue against any 25% reductions in values around here. We’ll see. I saw ... Read Full Story
Written by kkvora123 on
Power Outages Plague Oahu ; Airport Faces Problems Many residents on Oahu felt the earthquake off the Big Island on Sunday. The biggest problem was a power outage. The outage affected the entire island shortly after the earthquake. Many areas were still without power 11p.m. Hawaiian Electric Co. reported that about 147,000 customers out of 291,000 had power restored. The generators went off line after the quake because of the way the system is set up, according to HECO spokesman Jose Dizon. The Honolulu International Airport got its power back at about 6 p.m. Airport officials are working on getting the main airport generator ... Read Full Story
Written by foreclosureupclose on
Fully half of all existing homes sold in the Bay Area in December were foreclosures unloaded by banks at fire-sale prices. Those sales sent median prices tumbling to new lows and attracted droves of buyers, according to a real estate report released Wednesday. “If you are OK with a little bit of work or a Class-B neighborhood rather than Class-A, you can get a smoking deal,” said Stephen Bloom, a Realtor with Lawton Associates in Berkeley. “The banks understand if they want to move these things, they have to be quite aggressive on pricing. They’re not fooling around anymore. They want to get them ... Read Full Story
Written by athena on
(headline shamelessly stolen from a clever and delightfully smartass poster on the pressdemocrat comments website) "Cut-rate foreclosed homes being unloaded by banks wreaked havoc on the Bay Area's median price in July, sending it down nearly 30 percent to a level not seen in more than four years." A third of all existing homes sold in the nine-county region in July were foreclosed properties. ~ DataQuick '"There is deep discounting in inland markets that have been slammed by foreclosures," said Andrew LePage, an MDA DataQuick analyst." " The biggest percentage of foreclosure sales was in Solano County, where two-thirds of all resold homes were ... Read Full Story
Short Selling your home could be the win-win-win alternative to loan modifications. Loan modifications can be expensive for lenders and borrowers. Foreclosures are even more expensive costing lenders billions of dollars. According to a study carried out by the congressional Joint Economic Committee (www.jec.senate.gov) each foreclosure can cost lenders as much as $50,000. Homeowners naturally don’t appreciate foreclosures either as they often...  
From blownmortgage.com ()
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The economy and the stock market may be recovering from their swoon, but more U.S. homeowners than ever are having trouble making their monthly mortgage payments, according to figures released Thursday.Nearly one in 10 homeowners with mortgages were at least one payment behind in the third quarter, the Mortgage Bankers Association said. That translates to about 5 million households.The figures underlined the level of stress on a large segment...  
From charlotteobserver.com ()
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The city of Philadelphia has a new (some say innovative, some say ineffective) system to help homeowners on the verge of foreclosure, reports The New York Times. Philly's civil court adopted rules last year that declared that "no owner-occupied...  
From feedburner.com ()
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From DataQuick: Southland home sales up again, drop in median price smallest in 2 years Southern California home sales rose in October as prices showed more signs of firming. The median sale price fell by the smallest amount in two years, the result of a shrinking inventory of homes for sale and government and industry efforts to stoke demand and curtail foreclosures ......Last month 22,132 new and resale houses and condos closed escrow in Los...  
From calculatedrisk.blogspot.com ()
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Washington PostMore US Home Foreclosures, Job Losses ReportedVoice of AmericaRising home foreclosures and continuing elevated job losses dominated a mostly-somber batch of US economic data Thursday. Photo: AP Rising home foreclosures ...Utah's home foreclosures continue to increaseSalt Lake TribuneUS home foreclosures at record high as jobs crisis deepensWorld Socialist Web SiteForeclosures will keep rising through 2010, report saysLos Angeles...  
From news.google.com ()
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The People Who Couldn't See an $8 Trillion Housing Bubble and Thought Iceland ...Firedoglake (blog)That is what Alan Blinder tells us in a Washington Post column today. Blinder tells us that the vast majority of academic economists and people in the ...and more »  
From news.google.com ()
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Globe and MailThree views on a housing bubbleGlobe and Mail“Is Canada in a housing bubble? Probably, but low rates, mortgage innovation and a relative shortage of new supply are likely too keep it going for a while ...Is Canada in a housing bubble?National PostCanada's housing rebound sparks fear of bubbleReportonBusiness.comIs there a real estate bubble? GM sees start of turnaroundGlobe and Mailall 57 news articles »  
From news.google.com ()
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