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Judy Weil, SA Editor
68 Comments
Global Subprime: We Are All Connected [Housing Tracker]
Federal Entities and Troubled Loans [Housing Tracker]
It's incredible, a five-year supply. How much longer will they be "worth" a million, i wonder?
The Foreclosure Tourism Phenomenon [Housing Tracker]
Your input is great. Especially about affordability. I'll have to go do some research on the local economy in Nevada. Thanks for the ideas!
Judy
Michigan Tries Tax Break Help For Homebuyers [Housing Tracker]
Thanks for the good word!
I'm glad to hear you aren't facing much trouble in Raleigh. I recently read an article quoting Robert Toll, CEO of Toll Brothers, who rated the Charlotte, N.C. homebuilding market an F-minus. And then there was an article I read yesterday about how the homebuilder NVR might start to see more pain because it's markets are now slumping like the rest of the U.S. investerms.com/top_new...
Up until now Charlotte has been pretty strong, so I wondered if the general tide was turning in North Carolina. I'm glad to hear that it isn't-- and hope that it won't.
So tell me, as a native, why do you think N.C. has held up so well until now?
Just curious...
Thanks,
Judy
The Foreclosure Tourism Phenomenon [Housing Tracker]
User 25498, I would try and contact the Palm Springs Regional Association of Realtors. According to this article, www.mydesert.com/apps/...
Sam Schenkl is the Executive Officer there. I'd also try DataQuick Information Systems or Radar Logic or RealtyTrac. They've usually got this stuff on their website. Also, the Housing and Urban Development website (www.hud.gov/) offers lots of real estate research on different cities throughout the U.S. They update them pretty often and they are very comprehensive.
According to this Wall St. Journal article online.wsj.com/public/...
lower priced homes in Palm Springs have lost 24% in value (purchase price) but I'm not sure where your units are on the scale.
Hope this is useful. Good luck,
Judy
More Million Dollar Foreclosures Now [Housing Tracker]
- Judy
The Foreclosure Tourism Phenomenon [Housing Tracker]
I'm glad you find the Housing Tracker useful and I appreciate the good words.
It certainly seems like foreclosure tours involve a lot of hype and not much action. It's funny that with so little apparent success, these tours are proliferating all over the country.
So I'm curious, from your perspective as professionals in the field, what would be a better way for investors or first time buyers to go about buying foreclosures in this market?
I don't mean that question in terms of a recommendation of a company. Rather, I would like to know what other sort of news items to be on the lookout for.
Thanks for your input,
Judy
The Foreclosure Tourism Phenomenon [Housing Tracker]
I think you're probably right-- look at the last line of the blurb from the article on NYC. Three weeks later and only one offer!
- Judy
Regional Bank Failures: The Next Shoe to Drop
www.businessweek.com/i...
seekingalpha.com/artic...
Best,
Judy
Inland Empire Could Lose 11,000-18,000 Jobs This Year - Housing Tracker
Now that sounds like the good life...
Thanks for the kind words,
All the best,
Judy
MGIC Investment Corp. to Buy Radian for $4.9 Billion in Stock
Great tip-- will be in our next housing roundup!
All the best,
Judy Weil
Desperate Homebuilders Bringing Back Bubble-Era Financing - Housing Tracker
Sy Jacobs' Picks for a Continuing Credit Crisis - Barron's
The information is taken directly from Barron's. If you click on the link you can access the article. I believe there's an author's email address at the bottom of the article in case you have further questions.
online.barrons.com/art...
All the best,
Judy
Desperate Homebuilders Bringing Back Bubble-Era Financing - Housing Tracker
Glad you find the housing tracker useful. Thanks!
Judy
Inland Empire Could Lose 11,000-18,000 Jobs This Year - Housing Tracker
Judy