Home Foreclosure Rates Slackened in February, But Misery Remains
RealtyTrac reported Thursday that foreclosures in February rose only 6%, their smallest increase since 2006, but with millions of homeowners underwater on their mortgages and unemployment around 10%, even that small hint of good news could be a temporary illusion.
Continue reading Home Foreclosure Rates Slackened in February, But Misery Remains
Home Foreclosure Rates Slackened in February, But Misery Remains originally appeared on DailyFinance on Thu, 11 Mar 2010 12:44:00.
Filed Under: Economy, Real Estate
Here is the original:
Home Foreclosure Rates Slackened in February, But Misery Remains
Tags: copyright, digital, economy, experts, filed-under, img-vspace, misery, mortgages, news, newspaper, small-hint, smallest, their-mortgages, their-smallest
Hard Rock Vegas Exec Commits Suicide
Mar 11, 2010 Object
Andrew “Randy” Kwasniewski, 56, president of Morgans Hotel Group Las Vegas and chief operating officer of Hard Rock Hotel and Casino, was found dead Wednesday morning, and that afternoon, his death was ruled a suicide.
Continue reading Hard Rock Vegas Exec Commits Suicide
Hard Rock Vegas Exec Commits Suicide originally appeared on DailyFinance on Thu, 11 Mar 2010 12:25:00.
Read more:
Hard Rock Vegas Exec Commits Suicide
Tags: commits, commits-suicide, copyright, death, economy, misery, news, newspaper, originally-appeared, their-mortgages, vegas, wednesday
Rising Apartment Vacancy Rates Could Threaten Regional Banks
Apartment vacancy rates soared to their highest level in 30 years in the fourth quarter of 2009. That means more apartment owners could have trouble paying their mortgages, which could lead to an even greater number of commercial defaults. U.S. bank examiners believe losses on commercial real estate loans pose the biggest risk to U.S. banks this year.
Continue reading Rising Apartment Vacancy Rates Could Threaten Regional Banks
Rising Apartment Vacancy Rates Could Threaten Regional Banks originally appeared on DailyFinance on Thu, 07 Jan 2010 10:12:00.
Filed Under: Economy, Real Estate
Read the original post:
Rising Apartment Vacancy Rates Could Threaten Regional Banks
Tags: apartment, apartments, bank-examiners, commericallending, consumers, even-greater, gains-momentum-, jobless, mortgages, ourselves-using, realestate, regional banks, technology, their-mortgages
Fewer home mortgages are underwater as values stabilize
Filed under: Economy, Investing
The percentage of Americans owning homes that are underwater is falling, according to Zillow’s third-quarter Real Estate Market Reports, which focus on 156 metropolitan areas. The other good news is that home values were relatively flat between the second and third quarters, so the price declines may be over for most homeowners.
Zillow found that 21% of homeowners with single-family homes were underwater on their mortgages at the end of the third quarter, down from 23% in the previous quarter. Two factors play into the drop. One is that many underwater homeowners have already lost their homes to foreclosure. The second is that home values have stabilized in some areas of country and have even started going back up in other areas.
Continue reading Fewer home mortgages are underwater as values stabilize
Fewer home mortgages are underwater as values stabilize originally appeared on DailyFinance on Mon, 09 Nov 2009 10:10:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
Original post:
Fewer home mortgages are underwater as values stabilize
Tags: focus-on-156, foreclosures, home-mortgages, homesales, news, their-mortgages, third-quarters, underwater, zillow
G20 nations agree to continue stimulus, split on financial transactions tax
Filed under: Economy, Investing
Markets soared worldwide following the announcement of the decision by the G20 finance leaders to maintain stimulus measures as long as U.S. employment figures remained weak. They agreed the stimulus is needed until the recovery is assured.
But G20 members were split on how to assure that there will never again be a need for a similar bailout. U.K. Prime Minister Gordon Brown (pictured) shocked many attendees when he announced support for a tax on financial transactions. This tax would be used to pay for future bailouts. Germany and France have been pushing the idea, but this is the first time the U.K. had come out in favor of it.
Continue reading G20 nations agree to continue stimulus, split on financial transactions tax
G20 nations agree to continue stimulus, split on financial transactions tax originally appeared on DailyFinance on Mon, 09 Nov 2009 09:50:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
Read the original:
G20 nations agree to continue stimulus, split on financial transactions tax
Tags: a-friend-via, announcement, decision, finance-leaders, france, g20, gordon-brown, news, split-on-how, their-mortgages, transaction tax, underwater
Home foreclosures move up-market as discounting pushes prices down
Oct 12, 2009 Object
Filed under: Economy, Investing
A greater number of foreclosures are hitting the high-end real estate markets in 2009 as price discounting continues to throw more and more properties underwater. It’s like a self-fulfilling prophecy: As some homeowners see their homes’ values drop below the balances due on their mortgages, they give up trying to save their homes.
Zillow’s chief economist, Stan Humphries, found that while high-end markets accounted for only 16 percent of foreclosures in 2006, by July 2009, 30 percent of foreclosures hit the top third of homes. “That means that top-tier homes make up almost twice the proportion of foreclosures as they did just three years ago,” Humphries wrote on his blog.
Continue reading Home foreclosures move up-market as discounting pushes prices down
Home foreclosures move up-market as discounting pushes prices down originally appeared on DailyFinance on Mon, 12 Oct 2009 10:30:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
View original post here:
Home foreclosures move up-market as discounting pushes prices down
Tags: balances, chief-economist, foreclosures, greater-number, home prices, mortgages, pushes-prices, seen-as-allies, some-homeowners, their-mortgages
