The housing crisis likely will last into 2010 until the credit market revives and government rescue programs have time to make an impact, the head of the Federal Deposit Insurance Corp. said Thursday. (Dec. 12)
Foreclosure Fiasco CBS News (blog) These so-called "strategic foreclosures" have come under fire from moralists and lenders, but as the NY Times found, many of the underwater borrowers are …
This was on live to air in the Home Loan rates cross today. He opens three pictures, checks if anyone is looking and then continues after the third he realizes he is live to Australia.
We (www.mysocal-realestate.com) have been tracking foreclosures in Orange County since the fall. The numbers have been increasing steadily, especially in Santa Ana and Anaheim. 10600 (NOD, NTD, REO) is a lot bigger number than the mainstream media let on. The worst part is the erosion on wealth affecting all home owners. We make use of specialized software to compare the foreclosure activity to the MLS data to find pockets of opportunity and risk. One of the main features we use extensively is sort by $/sqft with filters for size, type, and # of bedrooms to see which cities and areas are worse off than others. We meet each Friday afternoon in Laguna Beach and are more than happy to share our property and market finding with others. Or just drop us a line through out website. www.mysocal-realestate.com