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Category Archives: Best Of The Storm
Foreclosure Completions Collapse in October
Bank of America, PNC, Ally Bank, and others halted foreclosure sales in the wake of the robo-signing scandal. The result is that fewer homes are actually being foreclosed upon at trustee salesBank of America, PNC, Ally Bank, and others halted foreclosure sales in the wake of the robo-signing scandal. The result is that fewer homes are actually being foreclosed upon at trustee sales and, consequently, lower REO inventory levels. Continue reading
Posted in Best Of The Storm, Foreclosures, Investing, Real Estate Data
Tagged Foreclosure-Gate, Foreclosures, REOs, trustee sales
1 Comment
S&P, Fiserv, Expecting 7-10% Home Price Declines in 2011
Two well-respecting analytics firms are expecting a double-dip in home prices that would erase gains from the last year.
Continue reading
Posted in Best Of The Storm, Home Economics, Real Estate Data
Tagged Home Prices, Housing Bubble, Interest Rates, Tax Credits
1 Comment
Slow-Mo Commercial Real Estate Cliff-Dive Gathers Speed
No need for a fancy report to see the signs of decay in CRE. Signs of the ongoing CRE meltdown are everywhere–empty storefronts, mall shops and vacant office complexes abound. Continue reading
Home Price Glass Half-Full in Third Quarter
Fully half of metropolitan areas tracked in the third quarter continued to show modest home price increases from a year ago, despite a sharp decline in home sales after the deadline for the home buyer tax credit, according to the latest survey by the National Association of REALTORS®. Continue reading
Housing Affordability Set to Improve
With both prices and interest rates going down, affordability is expected to improve throughout 2011. Continue reading