nettie

Housing Prices: Not the Bottom, But Close

First you say "the housing market is not at a bottom but it is close." Then you precede to say "It still has a ways to go still." DUH!!! Lets get out some basic common sense facts: First of all unemployment is tanking at record daily numbers so who in their correct mind will jump on the home buying band wagon even if the government gives $8,000.00 to potential home buyers? The $8,000.00 cannot even be claimed until next years taxes. Who is this going to help this year? Next lets take into consideration that your charts cannot mean anything because our tanking economy has been masked by the bail outs.(they were necessary but further the doom) When the banks really start to foreclose on houses currently sitting on the market, that the previous owner still lives in for free, then you may claim that the housing crash might soon be over.Let us also not forget February's arm's that were predicted to reset in 2009. This data has not come out yet. Let us also not forget that when a house is listed as pending it is listed as sold through the census bureau giving inaccurate data on the housing market yet again. The subprime was so extensive in the U.S. it affected other countries by packaging them up and selling them at record speed. (did you not see House of Cards?) The bubble started in California and spread across the board. There are still communities yet to fall who only just recently decided there was a bubble that burst in their area. They thought the housing crash was not going to affect them because there local economies were soooo stable. I am going to call that the whiplash effect.More bottom yet to come.

The U.S. Economy Is Holding On - For Now

My husband was talking to a banker at the local casino yesturday. the man informed him he was losing his home because his mortgage reset. He and his wife tried everything to save their home. even the new policy to help home owners stay in their homes did not come through in time for him.sooo he stopped paying his mortgage knowing he is going to lose his house anyways. Now his wife and him are blowing their excesive money that they would normally be spending on rent/mortgage. This is why some of our countries consumer spending is looking o.k. at the moment. He would not be the only person to get depressed and spend money. Sooner or later though he will have to move out of his home and actually pay rent. leaving him and his wife less money to spend. As far as the schooling goes. How about- if your school is a crappy one you parents take resposability for your own children and home school. I took my children out of public school and they are assessing higher and learning in a more stable environment. further more, my children are not learning social skills from children I would never let them play with on a normal basis.

California Signaling A Housing Bottom? [Housing Tracker]

My husband and I live in Whatcom county Washington. The realtors here lie lie lie. The local paper read"theres no bubble here" Then the bubble burst but it wont effect whatcom county". the homes here are so grossly over valued that we are still going to be first time home buyers after 5 years of market research. (never bought into the subprime)My husband and I looked at a home the other day. (for research) 1,100 sqft. built in 1916, all appliances were removed, both stoves removed, sits on an acre and 1/2. and they are trying to sell this garbage on willeys lake road for $269,000. 30% of our homes on the market are sitting vacant.There are no more idiots left here to buy and the realtors are saying the value is in the land. WHAT THE HELL!!!!!!

Housing Bubble and Real Estate Market Tracker

I would wonder at this point in the continuing decline of the housing market that anyone can suggest that washington and oregon states, will be the only two states unaffected by the declining housing market , based on one county"clark county"in washington. If 14,000 people are proposed to move to the area, how many people plan to move away? In other parts of the state of washington housing prices have dropped and houses are sitting on the open market all over the place. I can drive down a side road that posts realtors signs all the way down the road.how can reference to clark county justify the housing market for two complete states?and who keeps track of the rest of the state of washington?

Equity Stripping: The Housing Bubble Dupes Again

I have thought that the recent housing market distresses of each individual is horrible to say the least.I feel sorry for people who are losing their homes. I was also a victim of what we in washington call equity skimming.On the other hand I also watch the market for forclosures in my area. Not to scam ANYONE,but to buy a distressed piece of property that I can afford as aposed to an extreme mark up created by greedy home builders all over the contry. I would never offer to take over a deed to help someone save their home, but I have no choice but to offer someone in distress to save their credit by selling me the home for what is owed as apposed to the exorbitant listing price the person in arrears is trying to sell their home for. they know what they have done to themselves now by them taking a subprime mortgage. they know they now could stand to lose everything. they know that the housing market is bad and yet these same victims you are discribing,are trying to make $150,000 profit on a house they know they could lose in a few months as apposed to saving their already tarnished credit and starting over.

FTC Confirms That Most Homebuyers Couldn't Identify Mortgage Amount

I dont believe at this point we will welcome a brave new world of serially refinanced homes at least not at this point of the housing scenario. There were way too many "joe howmuchamonth's.They are likely to become bankrupt, or they might have already. With thousands of forclosures on the market monthly, who is left to refinance?( I do not need to) when the market first started to rise I told people it is not a buyers market it is a sellers market. I know many who would not listen. now it is going to be a buyers market for the smaller percentage of people left who can still either purchase a home or could afford to have made a bad investment.The ratio of people able to continue to buy against the others who have gleefully accepted a bad loan are slim. I cannot imagine there will be too many mortgage companies coming out of this smelling like roses. Too bad now they need me.