U.S. foreclosures up, but there is no 'crisis'
September 29, 2008
Despite the frenzied, headline hyperbole to the contrary. Most of the AP wire stories trumpet the news “Foreclosures Surge 48% in May” - “One in Every 483 U.S. Households Received a Foreclosure Filing.” Call chicken little, too!One in 483. In other words, two-tenths of one percent of all home owners received a foreclosure notice in May, 2008.
Source:U.S. foreclosures up, but there is no 'crisis'
Decline in US Existing Home Sales Suggests No End in Sight
September 24, 2008
(CEP News) - U.S. existing home sales fell more than expected in June, and a third of those sales come from foreclosures, according to the National Association of Realtors (NAR) on Thursday. Economists say rising inventories suggest problems in the housing market are yet to see a turnaround any time soon.
Source:Decline in US Existing Home Sales Suggests No End in Sight
Current High Foreclosure Rates Only the Beginning of….
September 24, 2008
With all of the bad economic news coming out every day, and the continuing collapse of housing prices and record foreclosure numbers, it often seems like the situation just can not get any worse.
Source:Current High Foreclosure Rates Only the Beginning of….
ABC News: Are You in the Military, Facing Foreclosure?
September 19, 2008
According to RealtyTrac, in American towns with military bases, foreclosures occur almost four times more often than the national average. Are you in the military and having trouble paying your mortgage? Are you part of a military family who is facing foreclosure? ABC News wants to hear from you. Tell us your story…
Source:ABC News: Are You in the Military, Facing Foreclosure?
$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps
September 19, 2008
Source:$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps
Debt Rattle, August 3 2008: Awful News for British Banks Day
September 18, 2008
National Photo Company Collection Housing Boom 1923 “Allied Asphalt Products Co., 4700 block of 8th St.” The Joseph Shapiro Company Exhibit House at Eighth and Crittenden streets N.W. in Washington, D.C. Ilargi: With Friday now renamed “US Bank Failure Day”, we should perhaps opt to re-baptize Sunday as “Awful News for British Banks Day”. British home prices fell by 10%. That returns them to 2006 levels. Now, remember, a few days ago, Meredith Whitney said that even a return to 2002-20
Source:Debt Rattle, August 3 2008: Awful News for British Banks Day
The Bottom Line on What Realtytrac's Home Foreclosure Inform
September 17, 2008
The news about record home foreclosure rates is pretty bleak. What homeowners and those planning to buy or sell a home need to know now.
Source:The Bottom Line on What Realtytrac's Home Foreclosure Inform
$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps
September 17, 2008
Source:$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps
Antique & Fine Art Markets: The New Market and Refuge During
September 16, 2008
There’s more bad news about plummeting stock prices, the spiking foreclosure rate, and about the high price of gas and food causing many financial hardships. However, this financial climate has created the perfect storm for those of us working in the antiques, collectibles and fine art markets, particularly those of us who are working the 31 Club P
Source:Antique & Fine Art Markets: The New Market and Refuge During
Interesting Financial News, Statistics, and Research
September 15, 2008
This weeks Financial FYI looks at Record Home Foreclosures, Ebay’s Prices Falling, $490 Billion Deficit, Upside-down SUV’s, Tax Gap, Retiree Income Sources
