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“The Laborers International Union of North America (LIUNA) has suggested that a new assembly bill be introduced in California to bar homebuilders from involvement in the mortgage business.”
Phoenix: April Phoenix Home Sales Reach Boom Time Levels
“Speculators and prospective home owners came out in droves to buy homes in the Phoenix area. M did an early check of the sales numbers, and heres the unofficial sales for April”
For Mortgages, a Pain in the Alt-A
” Early evidence of at least some relative improvement among securitized subprime loans likely wont matter much to mortgage markets overall, thanks to fast-increasing pain in other sectors of the mortgage market. According to early surveillance data released Friday by Clayton Holdings, Inc., both subprime and Alt-A delinquencies continue to grow, but patterns within overall delinquency trends show just where the pain in the mortgage market really has shifted to.”
hope now: foreclosure starts hit record high
“Foreclosure alliance Hope Now completed 249,000 loan workouts in March, up slightly from the 244,000 a month earlier.”
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Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good...... -
Real Estate Listings in Orlando Whether you’re buying or selling a home or land, you’ll want to check out the number of real estate listings in Orlando available online. View every available property anywhere in the country that is on the multiple listing service or MLS, and find just what you’re looking for at your...... - The Coming Real Estate Crash? Foreclosures Up 79%. In California, that is. I am sure it not as high other places, but a 79% jump in foreclosures is a pretty big jump, wouldn't you say? According to Inside Bay Area, California had 16,273 foreclosure filings in February, up 79 percent from a year ago which does not bode......
- Ben Stein Not Hot On Real Estate Here's an excerpt from Ben Stein's column about why he thinks real estate isn't such a great investment.That means the house has kept up with inflation -- barely.In fact, when I do the math, I realize that it hasn't fully kept up with inflation. Plus, the owner would have had......
- Real Estate Stimulus Fail For two years I've preached that artificial means to prop up an inflated real estate market are not permanent solutions. Obama and his economic advisors (who are gradually jumping ship) thought otherwise. Can you guess where this is going? After flooding our economy with billions in home buyer tax credits......
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