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Archive for the 'Housing' Category

How bad is the residential mortgage picture?

By: Myles, February 24th, 2010

 In a word, the residential mortgage picture is: BAD.
As reported by MarketWatch, more than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan (or are “under water”), than their home is now worth, according to a report released February 23, 2010, by FirstAmerican CoreLogic.

More than 10% of […]

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Posted in Economy, Foreclosure, Debt, Housing, Short Sale, Foreclosures, Cresession, Home Equity, Bankers, Residential Real Estate, Delinquency Rates, Market Trending | No Comments »

Have we hit BOTTOM in Housing?

By: Myles, August 2nd, 2009

In an Associated Press article strikingly titled, Welcome to the bottom: Housing begins slow rebound, by Drian Sainz, David Twiddy, Daniel Wagner and AlexVeiga, it was — note in the past tense — the worst housing recession anyone but survivors of the Great Depression can remember is over.
Below we have summarized the mountains of data […]

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Posted in Housing, Economy | No Comments »