As 2014 quickly draws to a close, eyes will now turn to forecasts for how the US economy is expected to perform in 2015! And, as is surely the case, as the housing market goes will in no small way help to determine how the overall economy will go. From Calculated Risk, this chart provides 2015 US […]
The State of the US Housing Market, 2014 This is the audio of an interview between Logan Mohtashami, senior loan manager at AMC Lending Group, and Kathleen Hays on Bloomberg Radio. One of the key takeaways? Nothing many of us didn’t already know which is that first-time homebuyers are struggling to buy homes in part because […]
For anyone who relies on real estate for their livelihood or who owns property either as an investment or for shelter, we can only hope that the improvement in the market that we have witnessed is not only for real but that it will continue far into the future. In an article at the Hallmark […]
Since the financial crisis and subsequent price devastation in the real estate market that began around 2007-2008, home prices have rebounded and by extension the number of American homeowners suffering negative equity or underwater mortgages has declined! In 2013 alone 3.9 million mortgages rose to positive equity positions with the percentage of mortgages that are […]
The transactional real estate market has recently been forced to face just such a situation when New Jersey Title was “asked” to cease writing policies insuring title for residential and commercial property purchases and refinances. This is yet one more chapter (or casualty) in the financial crisis and real estate collapse that began a few […]
When life hands you lemons, make lemonade! There are usually two ways to look at any situation. One way is on the positive side that offers hope and potential. The other is from the negative side where there is neither. The following statistics from the housing market are a perfect example. The bad news? Nearly […]
In case you missed the 60 Minutes story on the foreclosure crisis, here it is! Introduction to the foreclosure crisis From an article here last week, Hallmark Abstract Sentinel readers knew the following: @font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 10pt; font-size: 12pt; font-family: “Times New Roman”; }div.Section1 { page: Section1; […]
While the title of the the article rhymes, the proposal is far from entertaining On page 1 of the Fiscal Year 2012 Budget of the U.S. Government you can begin to read The Budget Message of the President. In the preamble he discusses the recession and the fact that due to fiscal realities we face […]
