Recent Articles
Aug 18, 2009 | No Comments | Sean Mills
HOUSING MARKET
Some saw the housing bubble and sold; trick now is spotting the bottom
Some who sold homes during the bubble are buying again, drawn by deals, despite the possibility of further price drops.Mark Kiesel saw the real estate crash coming.
HOUSING MARKET
Some saw the housing bubble and sold; trick now is spotting the bottom
Some who sold homes during the bubble are buying again, drawn by deals, despite the possibility of further price drops.Mark Kiesel saw the real estate crash coming.
Read More » »
Aug 18, 2009 | No Comments | Sean Mills
Brace for a Wave of Foreclosures, the Dam is About to Break
A summary of Second Quarter 2009 Negative Equity Data from First American CoreLogic shows that Nearly One-Third Of All Mortgages Are Underwater.
• More than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, were in negative equity position as of June 30, [...]
Brace for a Wave of Foreclosures, the Dam is About to Break
A summary of Second Quarter 2009 Negative Equity Data from First American CoreLogic shows that Nearly One-Third Of All Mortgages Are Underwater.
• More than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, were in negative equity position as of June 30, 2009 according to newly released data from First American CoreLogic. As of June 2009, there were an additional 2.5 million mortgaged properties that were approaching negative equity. Negative equity and near negative equity mortgages combined account for nearly 38 percent of all residential properties with a mortgage nationwide.
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Aug 18, 2009 | No Comments | Sean Mills
This article is from the seeking alpha website, see the attached link:
http://seekingalpha.com
The Housing Crash Isn’t Over: Here’s How to Profit
The US housing market has not hit bottom and, depending on which view you take, has quite some room to move down further. The truth is that we are still in the middle of a historic [...]
This article is from the seeking alpha website, see the attached link:
http://seekingalpha.com
The Housing Crash Isn’t Over: Here’s How to Profit
The US housing market has not hit bottom and, depending on which view you take, has quite some room to move down further. The truth is that we are still in the middle of a historic crash. However, as with such market dislocations, there are very attractive opportunities to invest and make profits if one has capital, patience, expertise, and a good plan in place.
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Aug 18, 2009 | No Comments | Sean Mills
Another fine article from Mish and his sources, let me know what you think:
Structurally High Unemployment For A Decade
Inquiring minds are digging into the July 2009 Opinion Survey on Bank Lending Practices.
The survey shows that bank lending standards continue to tighten at varying rates by loan category.
Calculated Risk discussed the survey in Lending Standards Tighten, [...]
Another fine article from Mish and his sources, let me know what you think:
Structurally High Unemployment For A Decade
Inquiring minds are digging into the July 2009 Opinion Survey on Bank Lending Practices.
The survey shows that bank lending standards continue to tighten at varying rates by loan category.
Calculated Risk discussed the survey in Lending Standards Tighten, Loan Demand Weakens. Here is a chart from the article. The annotations in pink and purple and the thoughts below are mine.
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