Monday, October 26, 2009

Home Sales Jump to a 26 years record .Money Minute

Home sales post one of the biggest gains in years, Microsoft shares jump and a vote for universal phone chargers. The AP's Mark Hamrick reports. (Oct. 23)





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Robert Shiller: We Could Have Another Housing Boom, But I Doubt It

"It's V-shaped. We've never seen it before. That makes it hard to know from statistical basis what it portends."
"We're going to continue to see more up months but I kind of think it's more likely to fizzle out," he says.



Tags : Credit Crisis Economy Housing Market Mortgage Stock Jim Rogers Builders China Dollar Euro Gold Home Investing Market Oil Soros Stock Yen Yuan Ben Bernanke Fed Street Wall

Saturday, October 24, 2009

Housing Market Outlook

Analysis and discussion with Senior Economist of Westpac Banking Corporation James Shugg; Existing home sales today, the highest in two years and resales jump 9.4% to 5.57 million rate

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Friday, October 23, 2009

Stossel on Homebuyer Credit Fraud Fox Business News

John Stossel says 500 kids appear to have applied for housing tax credits.




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Thursday, October 22, 2009

House Flipping a Flop? Fox News Business

FBN's housing experts break down the impact of house-flipping on the overall market.

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Wednesday, October 21, 2009

Foreclosures to Peak at End of 09 Bank CEO

Bank CEO: Foreclosures to Peak at End of 09


OneWest Bank Group CEO Steve Mnuchin on the real estate market.





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real estate bottom OneWest Bank Group Milken09 jobs Steve Mnuchin economy CEO

Monday, October 19, 2009

Housing Outlook Without Credit, We Could See Double Dip

Housing Recovery Slips - Interview with NAHB President Jerry Howard (Bloomberg News)


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Building/Landscaping, Business, Economy, Editors Pick, Government & Politics, Law & Legal Issues, Personal Finance, Real Estate

Housing Market Getting Worse Elizabeth Warren on Tech Ticker

Rising U.S. Unemployment Continues to Haunt Housing Market


"We see things getting worse in the housing market," Warren says, citing the pernicious effects of foreclosures, which rose 5% in the third quarter to a total of 937,840, according to RealtyTrac.

"The long-term impact of high foreclosure rates on our housing market and overall economy would be disastrous," Warren warns, citing estimates that 10 to 12 million U.S. homes could ultimately go into foreclosure. "We have to get foreclosures under control."

Saturday, October 17, 2009

Dubai One Year On from the Credit Crunch and the Bubble Burst

Dubai one year after the Bubble Burst


One year on from the collapse of Lehman Brothers, the BBC is examining the impact of the global recession right around the world. In the Middle East - optimistic predictions that the region would be immune proved untrue. It simply arrived there later. And in Dubai - it was real estate that bore the brunt. With falling property prices and a shrinking population, the impact is being felt right across the economy as Ben Thompson now reports from Dubai




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Tuesday, October 13, 2009

Housing Better But Has Not Bottomed, Tilson Says

Tilson doesn't forecast "another calamity to come," but thinks housing is won't bottom until those homes are off the market, forecasting at least another 10% decline in prices and no true bottom for another year, at the earliest.

Saturday, October 10, 2009

Housing Buy Or Bail?

Analysis and discussion with Managing Director of TerraCap Partners Steve Hagenbuckle; Now is the time to look and potentially buy a house and the key is to respect the timing and the cycles. (Taking Stock)




Tags

Business, Economy, Real Estate

Tuesday, October 6, 2009

Underwater Mortgages

An underwater mortgage situation is when a property owner chooses to refinance an existing mortgage. Lenders may offer the option of borrowing on the existing equity in the property. In some instances, this can be a workable option, assuming there is a large amount of equity built up. However, if the amount of equity is relatively small, this solution can quickly lead to a level of debt on the property that exceeds the current market value. When this takes place, the property owner is essentially in an underwater mortgage situation
MORTGAGE REAL ESTATE BUBBLE BLOG