Archive for April, 2008
Sale of Vacant homes Hits Record High
29 April 2008The Census Bureau in a report has shown that the volume of vacant houses that are coming up for sale is at a high of 2.9% of all US homes and that figure excludes rental properties. The last highest level was recorded way back 1956 and the figures are sending shivers to homeowners as they [...]
Title Insurance Firms Going Down
21 April 2008As expected, even the title insurers are now getting to feel the crunch the sub-prime lending market left and the after-taste is sour for as less and less houses are sold, they also lose the ability or market to offer their products and services. Last year, the five companies who hold 90% of the title [...]
Freddie and Fannie’s Proposed Fix – Flawed
17 April 2008No sooner that the proposal from Freddie and Fannie have hit the Mortgage crisis and after it was hailed to be the next best thing to what had happened to the sub-prime lending industry, experts from all sides are already crying foul even before they have been put in place. Why, the people from the [...]
More Banks going… going… GONE
9 April 2008More banks are expected to be affected by the current credit crunch that has stemmed off the sub-prime lending market’s problems. The ever lowering prices of homes (where many banks, national and local have investments in) is proving to tax on them heavily that if no changes occur, they could fall one by one. [...]
House Prices Leveling out – DEEP!
1 April 2008The idea that the housing market has started to level out is not accepted for there are not enough house sales to signify such. Imagine a home sale rate of 3.0% for January and that gives you a picture of a housing market that may take forever to recover. The Federal Government has said that [...]
