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Could Weak Housing Tank The Economy Again?
For a big economic rebound, pray housing holds up. " Forbes: Welcome, gentlemen, to another discussion about the housing market and economy. Let's start with the 3.5% annualized rate of gross domestic product growth reported last week by the government. I initially was... Young People Buy Foreclosed Homes for Investment
Many young people across the country buy foreclosed homes for investment. Home prices have declined as much as 50 percent in the previous months. " Home prices are at their all time low that many young people are... Florida Foreclosure Homes Make State a Buyer’s Market
Many bargain-hunting buyers are grabbing Florida foreclosure homes because of the continuous drop of home prices in the state. Home sales in the state rose by 20 percent last month. " Florida foreclosure homes have wreaked havoc on the lives of thousands of homeowners and... Bumper crop of new casinos raises hopes of a housing comeback in
By Ryan NakashimaASSOCIATED PRESS10:46 a.m. December 27, 2007 LAS VEGAS – Mortgage-loan officer Alon Natanel recently got rid of his convertible BMW for a more affordable SUV. Natanel said the new vehicle better suits him now that he's a father – not least because of... Oversupply No Recovery Simply Deflation.
Wall Street is certain the economy is recovering. Main Street is certain that the economy is not recovering anywhere close to that. People just know that they are afraid of losing their jobs, or their houses, or... 146 views | 32 recommendations | 7 comments
Taylor, Bean and Whitaker in Trouble: FHA Expulsion
Mortgage lender Taylor, Bean and Whitaker Mortgage Corp. has been suspended from the Federal Housing Administration (FHA), on grounds of possible fraud. According to the FHA, Taylor Bean failed to submit a mandatory annual financial report and did not reveal they had... US Pledges $50 Billion to Fight Foreclosures, But Is It Enough?
The United States pledged $50 billion to fight off foreclosures in the face of "the worst economic crisis in generations" (Geithner) but it may not be enough. As the economy falls and more jobs are lost fear... Group moves people into foreclosed houses
Max Rameau is a sort of guerrilla real-estate agent whose group helps the homeless to occupy foreclosed houses in Miami. Interestingly, the city knows about this, but is taking no action to stop them, effectively...
created by Jordan Yerman | 46 wks ago | updated 46 wks ago
246 views | 27 recommendations | 7 comments
246 views | 27 recommendations | 7 comments
BUSH KNEW! Associated Press Reveals Clear Warnings of Economic Meltdown
According to the Associated Press, their review of regulatory documents shows that the Bush Administration was well aware of the risk to the economy and financial markets of their regulatory decisions, but decided... Economic Forecast 2008
Rich Hadley, CEO of Greater Spokane Incorporated, discussing the current economic situation of our nation and of the Greater Spokane region.
Randy Barcus, Chief Economist of Avista Corp., discusses the current...
created by greaterspokane | 1 year ago | updated 1 year ago
114 views | 0 recommendations | 1 comment
114 views | 0 recommendations | 1 comment
Housing Market - Let's Take a Walk
Trying to sell, refinance or take out an equity loan on your home? It doesn't take a world-class economist to see the signs that are all around us - literally. In today's world of gas prices at an all-time...Fannie Mae unveils loss of $2.3bn
" Fannie Mae unveils loss of $2.3bn Q&A Freddie Mac and Fannie Mae Problems in the US housing market have pushed mortgage finance company Fannie Mae into the red. The group sank to a net loss of $2.3bn in the three months to 30 June, against a...Are California Bank Foreclosures Healing?
Charles Peabody, an experienced banking sector analyst, suggested that California Bank Foreclosures may be getting to their low point, in turn starting an upward trend with tenants becoming home owners.Buying at... Wall Street's Post Mortem of the Credit Meltdown
If you have a spare day or two here is the link to their 172-page report dissecting what went wrong and the changes they need to make to prevent a similar crisis in the future. "“Virtually everybody was frankly slow in recognizing that we were on the cusp of a really... Foreclosure Home Sales Up
Housing market conditions have still not recovered and it is only expected that existing home sales remain to be sluggish. But surprisingly, most of the properties being sold are foreclosure homes.Before, buying...
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