Foreclosure Property « HomeBuyerPower®

Strategic Defaults Could Get Very Ugly: With Home Prices

There has been much written in the last couple of weeks about the latest National quarterly home value numbers. None of it good. Many people are coming to realize that we may very well see even lower prices in the future.

But what does this mean for “strategic defaults”?

An excellent article addressing this question appeared recently [...]

Short Sale vs. Foreclosure Credit Score Damage? FICO Debunks Some Myths

The Baltimore Sun had an interesting article on Monday on the subject of the relative impact of foreclosures and short sales on credit scores:

“Homeowners who are falling behind on a mortgage often worry just how much they might be damaging their credit score.

How much will a score be dinged if a [...]

Worcester County Maryland Housing Statistics For Year 2010

I took a glance yesterday at the Maryland Association of REALTORS® published 2010 Year End stats for Worcester County and noticed a mixed bag.

On the issue of price, the numbers showed a decline, with Worcester County actually in the highe ranges compared to other Maryland jurisdictions showing a 8.7% and 9.1% decline in average and [...]

Ocean City Could Steer More Toward Tourism Or More Population growth… But Can It Do Both?

Ocean City Today posted the second in a three part series about growth in Ocean City Maryland and posed the question:

“… Ocean City at a crossroads of whether to choose a niche of either residential or tourism development.”

Some believe that condominiums favor a more tourist-oriented economy and future, and the relative number of [...]

Ocean City Today Reports That “Established Businesses, Service Providers Moved West In The Last 10 Years, Because Of Lower Taxes And Less Expensive Land

Ocean City Today is reporting what many have noticed with concern along Coastal Highway in Ocean City- business have left and are leaving:

“A long Coastal Highway empty shops, malls and signs reading “restaurant for rent” reflect a decline of retailers in Ocean City. At the same time, West Ocean City has become the [...]

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 Sales Data Doubted

Here’s a shocker:

“The National Association of Realtors, which produces a widely watched monthly estimate of sales of previously owned homes, is examining the possibility that it over-counted U.S. home sales dating back as far as 2007.”

Who would have suspected? This can’t be happening.

“The group reported that there were [...]

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 [...]

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