Archive for August 2009

Source: cnbc.com Date: 25 August 2009 Link: http://www.cnbc.com/id/32549123 A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent and struggling home owners show their anger at the financial crisis by giving up on their mortgage, David Karsbøl, chief economist at [...]

So there seems to be conflicting news headlines about the state of the housing recovery every day.  Friday in the Journal Sentinel the article on the front page talks about the downsizing of the Parade of Homes this year.  “Three years ago, toward the end of the real estate boom, visitors paraded through 30 homes [...]

Source: cnbc.com Date: 21 August 2009 Link: http://www.cnbc.com/id/32505953 Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest sales pace in nearly two years, an industry survey showed Friday, in a strong sign that housing is pulling out of a three-year slump. Sales in July rose for the fourth straight [...]

By: Paul Gores Date: 21 August 2009 Source: Milwaukee Journal Sentinel Business Section Among the 50 states and the District of Columbia, Wisconsin ranked 36th in delinquencies and 20th in foreclosure starts The delinquency rate for mortgages in Wisconsin jumped in the second quarter, but the state still is faring better than the nation as [...]

This article below is once again spot on with regard to what is selling in our market at least. Look at that chart. Homes priced under 100k are moving swiftly and homes priced under 250k are also selling but not as briskly. It all boils down to price. I have a short sale home in [...]

I have just started reading a book published in 1989,”Secrets Of The Temple, How The Federal Reserve Runs The Country.” I know that most people have no interest in the fiscal policy of the Federal Reserve except for how it affects us individually. However, it has been interesting to read about the events as they [...]

By: Diana Olick CNBC Real Estate Reporter Date: 18 August 2009 Link: http://www.cnbc.com/id/32461957 Last Friday I blogged about how deluded sellers are regarding the current value of their home. A Trulia.com survey showed a huge number of sellers having to slash prices to find a buyer. Today, I’m even more amazed at how deluded the [...]

By: Diana Olick CNBC Real Estate Reporter Date: 14 August 2009 Link: http://www.cnbc.com/id/32420604 The article below is right on target. Milwaukee home owners still have their houses priced higher than the market is willing to pay. While our market was not hit to the same degree as other markets the Milwaukee Real Estate market is [...]

Date 13 August 2009 What happens when a bank walks away without selling foreclosed homes? CNN’s Alina Cho explains. Embedded video from CNN Video

Date: 13 August 2009 Source: cnbc.com Link: http://www.cnbc.com/id/32407054 Samantha Kielar is scrambling to find a house in Colorado before the doors slam shut on an $8,000 first-time buyer’s tax credit she needs for her downpayment or home repairs. The clock is ticking fast. Qualified borrowers need to have house offers accepted by the end of [...]