Does anyone care about the housing marketplace anymore? This morning’s new housing starts number for April was awful 11% lower than March and nicely below the expected number. The housing marketplace is truly in the dumps. The U.S. homebuilder’s sentiment index has a mid-point of 50. Any reading below 50 is regarded as poor. For [...]
Due to the declining market values, a lot of sellers today are faced with selling as short sales since there is not sufficient equity in the property to pay off the lender (lien holder). In accepting the discounted payoff, the lender will release the lien that is secured to the property upon receipt of less [...]
Unless you have been asleep or hiding under a rock for the past five years, you already know that we are experiencing the worst actual crisis that the U.S. has ever seen. House prices in the United States have fallen 33 percent from the peak of the housing bubble, which is much more than they [...]