Real Estate News
The global real estate market, led by the United States, is tanking. Values are plummeting, leaving many to wonder when the drubbing will stop. The real estate news section contains all of the hard-to-swallow news from the world of commercial and residential real estate.
Case-Shiller: Current Slump in US Housing Market Worse Than Great Depression
According to Case-Shiller, the slump in the US housing market is now officially more severe than the one experienced during the Great Depression.
According to the S+P/Case-Shiller home price indic...
Banks and Lenders Currently Own More than 872,000 Properties in the United States
According to RealtyTrac.com, the nation's largest banks and mortgage lenders own more than 872,000 properties in the United States thanks to the "groundswell in foreclosures."
According to the New ...
Zillow: 28.4% of Single-Family Homes in the United States Now Underwater
According to a Zillow.com blog posting titled "No Respite from Housing Recession in First Quarter", 28.4% of single-family homes in the United States are now "underwater".
What does it mean if a h...
The US Housing Market's Double Dip Becomes Official
According to a report that was released by Clear Capital earlier today, US home prices have officially experienced a "double dip".
According to Clear Capital, US home prices have now dipped 0.7% b...
Only 39% of US Homeowners Expect Their Home to Rise in Value Over the Next 5 Years
According to a recent Rasmussen Reports national telephone survey, just 39% of US homeowners expect that the value of their homes will rise over the next five years.
According to Rasmussen Reports...
February New-Home Sales: Lowest on Record
According to estimates released jointly by the US Census Bureau and the Department of Housing and Urban Development earlier today, sales of new single-family homes in the United States fell to a seaso...
The US Housing Market Continues Its Freefall
The US economy may finally be starting to stabilize, but the US housing market has not.
According to the newest S+P/Case-Shiller home-price index that was released on Tuesday, home prices fell 1% ...
3,825,637 US Foreclosure Filings in 2010
According to RealtyTrac's "Year-End 2010 U.S. Foreclosure Market Report", 3,825,637 foreclosure filings were received on 2,871,891 US properties in 2010. The number of US properties to receive foreclo...
Zillow: Current US Real Estate Market Downturn Now Officially Worse Than Great Depression-Era Downturn
According to a recent blog posting on Zillow.com (link below), home values in the United States have now fallen more since June of 2006 than the Great Depression-era years of between 1928 and 1933.
...
US Home Values Down $9 Trillion Since June of 2006
According to Zillow.com (link below), US home values are set to drop by more than $1.7 trillion in 2010.
The site estimates that since the peak of the US real estate market in June of 2006, US hom...
US Foreclosure Rates Surge in Q1/2010
According to RealtyTrac (link below), a record number of US homes were lost to foreclosure in the first quarter of 2010.
That's right - more homes were lost to repossession in the United States in...
The Biggest Foreclosure Ever
The most expensive real estate deal in the history of the United States has now turned into its largest foreclosure.
According to the New York Times (link below), Tishman Speyer Properties and Bla...
14.41% of All US Residential Mortgages Either Delinquent Or in Foreclosure
Green shoots in the real estate market?
Not so, according to the Mortgage Bankers Association's National Delinquency Survey.
According to the MBA, approximately 14% of all mortgage loans on on...
Head of FHA: Expect a Further 10% Decline in Real Estate Values
Include David Stevens, head of the Federal Housing Administration (FHA), as a person who doesn't believe in an immediate rebound in US home values.
Stevens, according to a recent news report (link...
588,000 "Strategic Defaults" in 2008
According to a recent article on LATimes.com (link below), there were a total of 588,000 "strategic defaults" in the United States last year, up more than double from the year before.
What is a "s...
Option ARMs: The Lurking Monster in the Closet
If you thought that the bottoming out (or so we hope) of the economy meant that the real estate market was fully out of the woods, think again.
A massive recasting ($134 billion dollars worth in 2...
The Manhattan Real Estate Market Finally Buckles
The Manhattan real estate market fought like a champion, managing to stay buoyant while the national real estate market took it on the chin.
When the real estate market first began to tumble lower,...
When Will The Housing Market Rebound?
Q: When will the housing market rebound?
A: Your guess is as good as mine.
Let me state this up front - anybody who states with 100% confidence that they know exactly when the h...
19 Million American Homes Vacant At End of 2008
Everyone knows that we are in the midst of a historic real estate slump. Home values are plummeting in many states, foreclosures are spinning out of control and many people are "under water" on their ...
Forbes.com Lists The Ten Best Places To Buy Real Estate In the World
Are you in the market for a new home?
Are you just itching to prove the real estate bears wrong and sink your teeth into a new property?
If so, then Forbes.com has a list that might interest you...
Will The Housing Market Finally Bottom in 2009?
The US government came out today with a report that stated that new-home construction plunged to an all-time low.
Last week we wrote an article in which we talked about the ever-increasing number o...
1.84% of American Households Received a Foreclosure Notice in 2008
RealtyTrac recently published an eye-opening report titled the "2008 U.S. Foreclosure Market Report". I have included a link to this report at the end of the article.
The report is absolutely burst...
What Have Been the Worst Global Housing Markets of 2008?
The IMF (International Monetary Fund) recently published their "World Economic Outlook" for October 2008. The subtitle of the report was "Financial Stress, Downtowns and Recoveries."
There is an i...
Some United Kingdom Homeowners May Have to Wait Until 2016 For Their Home Values to Recover to 2007 Levels
According to an article that was recently released on Mail Online, some UK homeowners who purchased their homes in the past couple of years may have to wait until 2016 for their investments to break e...
Many People Having Their Home Equity Lines of Credit (HELOCs) Suspended or Reduced In Wake of Housing Downturn
When the housing market was booming just a few short years ago, many homeowners tapped the equity in their homes by taking out a HELOC (Home Equity Line of Credit). With home values...
How The Internet Bubble Was Similar to the Housing Bubble
There are actually quite a few similarities between the Internet bubble (last half of the 90's until mid 2000) and the most recent housing bubble in the United States. By drawing si...
Bottom in the California Real Estate Market?
To say that the real estate market in many parts of California has taken a beating would be an extreme understatement.
The market has been completely taken apart in the ...
A Bottom in the Housing Market? 10 Signs That Will Help You Identify a Bottom
Trying to time the bottom in the housing market can be risky business. You may be waiting to put your money to work. You might think that a $300,000 home which used to be $500,000 i...
The Ten Worst (Projected) Real Estate Markets in the United States
There is no such thing as a general "real estate market" - rather, there are hundreds, if not thousands, of smaller real estate markets that can perform completely independently of ...
How Long Will It Take the Real Estate Market in the United States to Recover? Some Perspective from the Past 30 Years
Over the past thirty years, the overall real estate market in the United States has fluctuated wildly due to varying reasons. You had the crippling recession in the early 1980s. You had the stock mark...
National Association of Realtors: "Home Sales Should Start Improving by the Summer"
The National Association of Realtors put out a press release today titled "Soft Existing-Home Sales Expected Near-Term But to Rise Midsummer".
The National Associatio...
500 Foreclosures PER DAY in California During the First Three Months of 2008
If you want a first-hand view of just how particularly gruesome this real estate downtown has been, then look no further than California.
DataQuick, a company based o...
Five Signs That We May Be Near a Bottom in the US Housing Market
You may watch television or read your newspaper on a daily basis and come to the conclusion that the US housing market will never recover. The industry housing industry seems to be cloaked in doom and...
Steps That You Can Take To Avoid a Foreclosure on Your Home
Foreclosures are a growing problem in the United States and other parts of the world.
A foreclosure, in simple terms, is typically when an owner of a property violate...
The Phoenix and Miami Condo Markets - Can They Recover, and if so, When?
If you want to sum up the current state of the real estate market (especially in markets such as Phoenix and Miami), you could use just a couple of words.
Supply outweighing demand.
Like anythin...
Are We Nearing a Bottom in the US Housing Market?
This may seem like a laughable point to even consider, given the current somber mood that surrounds the American housing market.
This has been a "perfect storm" of negativity. First you had the col...
Will a Three Percent Fed Funds Rate Help to Revive the Housing Market in the United States?
With the housing market plummeting and many Americans watching their net worths evaporating before their eyes, the Federal Reserve has undertaken an aggressive campaign to lower interest rates. First,...
2007 Worst Year for US Housing Market Since Great Depression
On Thursday there were a couple of datapoints that were released that spelled out exactly how bad the US housing market was in 2007.
First off, sales of existing single-family homes dropped 13% in ...
More Gloomy News for the US Housing Market
Not to be a "doom and gloomer" but the situation in the US housing market seemingly worsens by the day. Tuesday was no different as there were multiple pieces of bad news that sent the markets reeling...
Where is the Real Estate Market Going in the United States?
There is a rule of thumb that is used in the stock market that can easily be applied to the real estate market as well. When everyone is buying, you should be looking to sell. And when everyone is sel...
Countrywide Financial Currently Has Over 14,000 Homes Offered for Sale on their Website
Not to be a harbinger of doom here, but this is a number that clearly illustrates: a) the overall problems with the United States housing market and b) the overall problems that Countrywide Financial ...
Speculators Drove the Housing Market Higher, and Now They Are Bringing it Down
The housing market in the US has been driven largely by speculators, and now is fading so quickly due to speculators pulling out of the market as fast as they can.
The housing market is just like a...
Should the US Government Bail out Homeowners?
The answer to this question is a bit more complicated than you might think.
I bet that the average person read the title of this article and had an immediate reaction to the question. The problem i...
Liar Loans, Teaser Loans and Stretch Loans: What Exactly Are They?
Liar loans. Teaser loans. Stretch loans. With all of the recent turmoil in the mortgage markets in the United States, you have probably heard one or all of these terms talked about on the nightly news...
Where to Now for Real Estate Values?
This is certainly a strange time in the US housing market.
You have had an absolutely incredible bull run in housing values over the past 10 years. If you bought a home or apartment in pretty much ...
Might The New York Real Estate Market Finally Slow Down?
The New York real estate market has been hot for years now, and despite the real estate slowdown that most of the rest of the country is seeing, the New York real estate market continues to be hot. De...
Home Flippers Beware - The Market for Mortgages is Tightening
TV stations are flooded with home flipping shows. With the surge in real estate values over the past 5-10 years, renovating a home and selling it for a profit has become almost a national past-time. T...
Is the Current Housing Market One of the Biggest Bubbles in History?
In case you have been sleeping under a rock, the subprime mortgage industry in the United States has been absolutely taken apart in recent months. The rout in the sub-prime market has wiped literally ...
The Real Estate Market in Vancouver: Getting out of Control or Is Value Just Being Realized?
You know, there was a time, not too long ago, that I told everyone that would listen that the area that I lived in (Vancouver) was dirt cheap in comparison to other cities in the world. When you co...
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