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Bloodbath in California housing market
These are some very scary numbers. If you want into the market in Northern California you can now pick up property at almost half what it was going for a year ago."Despite an increasingly uncertain economy,... What would you do if you lost everything tomorrow?
The NY Times, freakanomics blog writes:"These are the economic times that try men’s souls, and women’s too. In the past few months, a lot of people have seen their net worth fall substantially, and I’m sure... Mortgage Meltdown and Foreclosure Homes Generated by Unemployment
With this boiling economic crisis hurling across the country, the number of foreclosure homes have steadily risen for several months reaching a staggering 71% last September, instigated by an unemployment wave...Neel Kashkari: Paulson's $700 billion man
The U.S. Treasury will name Neel Kashkari, assistant secretary at the department, to head the new Office of Financial Stability and manage the administration of the $700 billion bailout plan. Neel Kashkari is a...Gov Insured mortgages more than triple in a year
WASHINGTON, D.C. (August 18, 2008) — The government-insured share of mortgage applications tripled in the past year according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Of all mortgage applications accepted during the month...Foreclosure Crisis Still Rearing Its Ugly Head
It seems that the tough times in the market are still not over. If you check out the data gathered from the month of July, it shows that foreclosure filings increased by 8 percent from the previous month and 55...California Faces Another Foreclosure Wave
Sitting at the heart of the national housing crisis, the Central Valley in California faces new foreclosure challenges as the prices of basic commodities rise and household incomes contract. This situation is...Phoenix AZ Experience 534% Rise in Foreclosures; Worst Yet to Come
Residents and local officials of Phoenix have really something to worry about. According to the latest data, there was a 534 percent increase in the number of foreclosure filings for the first half of the current...Distressed Borrower Commits Suicide Over Foreclosure
Less than two hours before her home was scheduled to be auctioned, a Massachusetts woman decided to commit suicide by shooting herself. This unfortunate news shocked Americans and forced many to think if it is a... HOPE NOW Data Reveals Housing Crisis Worsening
Established a year ago, HOPE NOW is an alliance comprised of mortgage lenders and private advocacy groups with a primary objective of providing assistance to troubled homeowners in order for them to avoid losing... Growing Threat Of Negative Equity
The falling house prices caused by the real estate foreclosure crisis have pushed thousands of US homeowners to negative equity. Negative equity is when a home owner owns a home that is worth less than the value of...Growth of crisis in the UK housing market
The UK has been hit by a similar housing crisis that it is affecting the US. Specialists have predicted that if the crisis is not stopped at the beginning it could be far worse than the US foreclosure crisis, as the...Auto sales affected by housing crisis and high oil prices.
The foreclosure crisis has affected thousands of homeowners, lenders, builders, as well as students who cannot qualify for student loans due to the high standards posed by mortgage companies. It seems that now its...Weekly Radio Spin -- Dick's Army of Angry Renters
This week, we look at an award only money could buy, how a Pentagon investigation isn't bad for business, and who thinks struggling homeowners are whiny. In "Six Degrees of Spin and Fakin'," we look at the checkered...
created by Center for Media and Democracy | 27 wks ago | updated 27 wks ago
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139 views | 0 comments | 0 recommendations
Orihuela Costa, Costa Blanca - 'Citizens of Europe' report predicts more gloom
I write as a member of an organisation called 'Citizens of Europe' and enclose underneath relevant parts of our newsletter. More gloom for property owners here on the Costa Blanca, I'm afraid to say ! 1. In a new section of the National Law on Land (Ley del Suelo)...
created by OrihuelaCosta-Spain | 27 wks ago | updated 27 wks ago
166 views | 0 comments | 0 recommendations
166 views | 0 comments | 0 recommendations
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