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Tag Archives: underwater homeowners
Housing Bubble Deflation Map and Trends
A press release from Nielson Wire has an interesting map of home equity that also reads as a map of the housing bubble’s deflation. Today’s featured property is riding the updraft of FED interest air and overtopping its peak value. The boys … Continue reading
Fewer homeowners see home values falling
As reported in a recent Reuters article a recent report shows that one in five U.S. homeowners owed more on their mortgage than their home was worth in the fourth quarter; however, California’s housing market is bucking the national trend … Continue reading
Posted in Fresh Perspectives, Home Economics
Tagged Crocker Highlands, Market Trends in California, underwater homeowners
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Bay Area City Buying Underwater Homes
Hercules is buying underwater homes. The Contra Costa Times is reporting Hercules continues to purchase ‘underwater’ homes Hercules has stepped up the pace of its short-sale home purchases, closing on several more properties over the last half-year, including the condominium … Continue reading
Will common sense prevail?
Nick Timiraos over at the Wall Street Journal called my attention to a new study out from the New York Fed. It essentially says that loan modifications are less likely to default if they include a principal balance reduction. While my … Continue reading