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Housing Market


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Millions Of Foreclosures With A Million More To Come

- July 14, 2011

“The Number Of U.S. Homes That Received Foreclosure Filings Rose In June For The First Time In Three Months …”... Continue Reading »

Blog

Obama’s Housing Bust

- June 6, 2011

PROMISE: President Obama Promised That His Housing Program Would Prevent 7 to 9 Million Families From Foreclosure. “And we will pursue the housing plan I'm outlining today. And through this plan, we will help between 7 and 9 million families restructure or refinance their mortgages so they can afford—avoid foreclosure.”... Continue Reading »

Blog

What’s He Been Reading?

- June 2, 2011

SHOT: HUD Secretary Said His Reading Of The Data Leads Him To “Expect To Start Seeing A Sustained Recovery” In The Housing Market And Increased Home Prices. “[HUD Secretary Shaun Donovan] also said that a slight uptick in job creation and the slowing pace of foreclosures should lead to an increase in home prices after drastic declines brought on by the bursting of the real estate bubble. ‘My reading of the data and where we are is I’d expect to start seeing a sustained recovery later this year, not next year,’ Donovan said. ‘But obviously there are lots of variables.’”... Continue Reading »

Blog

Hope Is Not A Home

- June 1, 2011

Among the bevy of disappointing economic news in the last 48 hours, Standard & Poor reported that the Home Price Index dropped to its lowest level since 2002. This news confirms that the nation’s housing market is indeed in a double-dip. The driving force behind this renewed decline is the effect that millions of foreclosed homes are having on the market. Last month, 37 percent of all homes sold were distressed properties at some stage in the foreclosure process.... Continue Reading »

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