By Les Christie, staff writerJanuary 20, 2011: 7:34 AM ET NEW YORK (CNNMoney) — There is a growing glut of foreclosed homes threatening to hit the market over the next couple of years, potentially delaying any recovery. There were 1.7 million homes either owned by the bank or in some stage of foreclosure [...]
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2011 to top 2010 record of 1 million foreclosures
by Administrator / January 13th 2011 / No Comment
// After a record 1 million home foreclosures in 2010, this year is likely to be even worse source: yahoo In this Jan. 10 2011 photo, a man walks past the office of Girouard Properties, which specializes in residential re-sale of single family homes and condominiums/townhomes, in San Mateo, Calif. Lenders are poised to take back [...]
Peter Schiff: Home Prices To Fall Another 20%
by Administrator / December 31st 2010 / No Comment
If you’re like millions of Americans, you probably thought buying a house was one of the best investments you could ever make. And watching your home’s value decline over the last few years probably makes you a little nauseous. Well, after hearing from Peter Schiff of Euro Pacific Capital, you may need some Dramamine. On [...]
Roubini: ‘Housing Prices Can Only Move Down’
by Administrator / December 29th 2010 / No Comment
According to economist Nouriel Roubini, the housing market is in a double dip. Photo: Oliver Quillia for CNBC Nouriel Roubini And negative Case-Shiller Home Price numbers out today only confirm that unpleasant truth. “It’s pretty clear the housing market has already double dipped,” says Roubini. “And the rate of decline is stronger than in previous [...]
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