Foreclosures « HomeBuyerPower®

Nationwide New Home Sales Lowest In At Least A Half-Century – Sales Tumble 16.9% To Record Low

The Wall Street Journal MarketWatch is reporting today that new home sales absolutely collapsed by 16.9% in February to a record low. Well, there is no way that the mainstream financial media can spin this one positive. No way, no how. A few of the highlights:

“New-home sales fell 16.9% to a seasonally adjusted [...]

What If We Are Only 25% Thru All Of The Foreclosures?

Mark Hanson, who in his former life was a highly successful mortgage banker, now an independent real estate and finance sector analyst, does not post publicly very often but when he does it is always worth a read. In his latest post he opines on a number of housing related subjects, including the number of [...]

Home Prices Sink As Further Declines Reported in All 28 Major Metropolitan Areas; Unsold Inventory Piles Up

The Wall Street Journal had a good article yesterday highlighting the apparent accelerating rate of decline in home prices across the U.S.:

“The size of the year-to-year price declines was greater than the previous quarter’s in all but three of the markets, the latest indication that the housing market faces considerable challenges.

S&P/Case-Shiller Home Price Indices Show U.S. Home Prices Keep Weakening

Yes, folks, there is more ugly housing news on the pricing front. In a Press Release today, The S&P/Case-Shiller Home Price Indices, the leading measures for the US residential housing market, showed that the feared “double dip” seems to be continuing with a vengence:

“Data through November 2010, released today by Standard & Poor’s [...]

What A Way To End The Year 2010: Nationally, U.S. Home Prices Weaken Further

The Case-Shiller Index showed declining home price numbers nationally as the year comes to a close. According to the article:

“Data through October 2010, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show a deceleration in the annual growth rates in 18 of [...]

RealtyTrac Reports That Nationally, Distressed Homes Sales Comprised 25% of Third-Quarter Home Sales

Another barometer of where the home sales market is and may be headed was reported by RealtyTrac during the last week of November:

“New data released by RealtyTrac… shows that distressed homes – including those in default, scheduled for foreclosure auction, and REO – accounted for 25 percent of all U.S. residential sales in [...]

Procrastination on Foreclosures, Now ‘Blatant,’ May Backfire

American Banker.com posed the question today that many observers have been asking for awhile now: where the heck are all of the foreclosures?

“Ever since the housing collapse began, market seers have warned of a coming wave of foreclosures that would make the already heightened activity look like a trickle.

The [...]

Maryland’s New Foreclosure Law Allows Mediation For Maryland Homeowners Facing Foreclosure

The Daily Times had an article today highlighting some of the features of Maryland’s new foreclosure law revision:

“Several amendments to Maryland’s foreclosure law became effective July 1. Among many changes, a homeowner can now request mediation.

A mediation is basically a meeting to discuss and explore options. A foreclosure mediation [...]

The Foreclosure Spiral: The Next Housing Crisis

Mike Whitney has penned another excellent article this week about the next leg down in the national housing market we are about to face very shortly:

“Did the Federal Reserve collude with the big banks to hold millions of houses off the market until the Fed finished adding $1.25 trillion to the banks reserves? [...]

Maryland Eastern Shore Housing Market Still Lags

The Daily Times had an article today about the our local Worcester County, Ocean City Maryland area real estate market:

“The Lower Shore real estate market, plagued by an oversupply of homes and condos for sale, is recovering slower than other markets nationwide.

“I want to be able to say something good about [...]

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