http://www.rockrivertimes.com/index.pl? ... 4&id=13103
Rockford's Newspaper Rock River Times | rockford illinois news informationThe forecast has come true. The housing bubble has burst. We don’t see much of it yet because Rockford, as usual, lags the rest of the country.
But in places like Florida, California, Arizona and Nevada, all red-hot real estate markets, the party is over. Yet, there is still some denial among owners and investors there.
MoneyCentral.MSN.com, tells of a salesman in Florida who is growing very concerned over his investment, which looks about to tank. He can’t afford to drop the price in line with the going rate for homes in his neighborhood, about $100,000 less than he’s asking. He said: “If I got in a jam, I would have to drop the price, but I am not at that point.” He plans to rent the place rather than take a huge loss.
ссылка на статью в MSN
http://www.bizjournals.com/eastbay/stor ... ily26.html
Ameriquest closes 229 offices, lays off 3,800 - East Bay Business Times:
The parent company of Ameriquest Mortgage Co. and Town and Country Credit retail mortgage subsidiaries said Tuesday it will launch a new business model that will result in the closing of 229 retail branch offices and the layoffs of about 3,800 workers, effective immediately.
Based in Orange, Ameriquest writes home loans and home equity loans. It makes a market in regular loans and also serves customers with less-than-perfect credit. The company was founded in 1980 as Long Beach Savings and Loan. It changed its name in 1997.
http://www.washingtonpost.com/wp-dyn/co ... 01606.html
Reasons Change for Refinancing
A greater proportion of mortgage refinancers tapped their home equity for cash in the first three months of this year than in any other quarter in the past 15 years, according to an analysis released yesterday.
About 88 percent of people refinancing their homes took out loans for at least 5 percent more than their original balances, according to the latest quarterly review of loans owned by Freddie Mac, a government-backed home mortgage company. However, more than half took loans at higher interest rates than they previously paid. In years past, refinancers chased lower rates.
The refinancing activity comes as interest rates are rising. By refinancing, some homeowners can get out of adjustable-rate loans on their first or second mortgages or their home-equity lines of credit and switch to fixed-rate loans. It is the first time in more than five years that borrowers as a group are paying higher interest rates after refinancing, according to the report.
http://www.viewfromsiliconvalley.com/id221.html
Intero RE Stats
много разных цифр
http://www.tcpalm.com/tcp/real_estate/a ... 98,00.html
TCPalm: Real Estate
Home construction throughout the Treasure Coast soared in the first quarter, pushing inventory levels to a record high, according to an industry report released Tuesday.
The number of starts adds more inventory to an already saturated market for existing single-family homes, said American MetroStudy, a Boca Raton-based provider of information on real estate and housing.
Brad Hunter, a housing economist for American MetroStudy, said it could take six months in one county and more than a year in two counties, to sell all the new homes.
http://realestatefu.mashfu.com/2006/4#
RealEstateFu
Красивая картинка для жителей Силиконовки и Залива
http://cbs5.com/business/local_story_123102644.html
cbs5.com - Hillsborough Broker Arrested For Alleged Fraud
(BCN) HILLBOROUGH A Hillsborough mortgage broker has been arrested on multiple counts of grand theft and elder fraud for allegedly bilking millions out of investors, Santa Clara County prosecutors announced Tuesday.
Michael Schneider, 44, operated Santa Clara-based California Plan, in which he took money from elderly investors promising to use it to fund residential mortgages in the Bay Area, prosecutors said.
The victims later learned that the deeds had not been recorded and they had no security interest in the promised properties.
In several cases, Schneider allegedly sold multiple deeds for the same loan. Several victims lost their life savings in the scheme, according to the Santa Clara County district attorney's office.
Schneider was arrested on Monday and is currently in custody on $5 million bail in Santa Clara County Jail. He is scheduled to be arraigned Wednesday afternoon.
http://globaleconomicanalysis.blogspot. ... ounds.html
Mish's Global Economic Trend Analysis: Top 10 Bird Sounds
Ещё цифры и графики, кому не лень читать.
http://www.latimes.com/classified/reale ... 9214.story
Mortgage Defaults Rise in State - Los Angeles Times
The number of California homeowners who received mortgage default notices increased in the first quarter to the highest level in more than two years, a real estate research firm said Tuesday.
Lenders sent 18,668 default notices to homeowners from January to March — a 23.4% increase from the fourth quarter of 2005 and a 28.7% rise from the year-earlier period, according to La Jolla-based DataQuick Information Systems.
The rate of change in the six-county Southern California region was higher, DataQuick said. The number of defaults rose 33% year over year to 11,102 from 8,330. San Diego and Riverside counties saw the biggest jumps in defaults, more than 50%.
The notices serve as an early indicator of possible foreclosures and signal a shift in housing market trends.
The hike in first-quarter default notices coincided with a slowing in the state's annual rate of home-price appreciation. The rate of price growth was 12.4% in the period, off the peak of 23% reached in mid-2004 when default warnings were at their lowest.