The thinly traded equity markets took off today on the strength of some very good November numbers out of the Census Department on the U.S. home building sector (also, among a few other things, an absence of bad news from Europe – but that’s ano…
Cash strapped home buyers have quietly shifted to financing their home purchases with FHA insured loans since the crisis accelerated in 2007 after pocket lint was discount as sufficient collateral to secure a mortgage. The reason for the alteration…
You might think property taxes have declined 30%, paralleling declines in housing values. But nope–property tax revenues have shot up 27% just since 2006.
Something remarkable happened to property taxes in the U.S. while housing lost 31% of its v…
Of course, there are no simple solutions.
“There’s a widespread belief that the U.S. economy is going to grow vigorously, that Europe will solve its problems, and that emerging markets will propel a global recovery in the year ahead. Over the nea…
Somewhere out there, a realtor is hollering: “NOW IS THE TIME TO BUY!” …….
U.S. home values are poised to drop by more than $1.7 trillion this year amid rising foreclosures and the expiration of homebuyer tax credits, said Zillow Inc., a closely h…
The housing bust is far from over….More than one in five homes in the U.S. has an ‘underwater’ mortgage…
S&P has issued a forecast which says home prices could drop another 10% through next year.
The new research says that:
“While U.S. home …
