The number of U.S. homes that received a first-time default notice during the July to September quarter increased 14% from the second quarter, said RealtyTrac, an online real estate research firm, Thursday.
That increase signals banks are moving more aggressively now against borrowers who have fallen behind on their mortgage payments than before.
The surge in default notices means homeowners who haven't kept up their mortgage payments could now end up on the foreclosure path sooner.
In all, 195,878 properties received a default notice in the third quarter.
And also, Nationwide, foreclosure filings totaled 610,337 in the third quarter, which increased from the second quarter, said RealtyTrac.
These properties will eventually get into the market and will put so much pressure on the prices going forward, which will definitely delay the recovery of the US Housing Market.
Still you can sell your property Fast for Cash. Learn More
Thursday, October 13, 2011
Saturday, October 1, 2011
Housing Prices will remain depressed for half a generation
Housing prices will NOT climb back to 2007 levels before 2020. That's the belief of a majority of bankers in FICO's latest quarterly survey of bank risk.
The survey shows that bankers expect delinquencies on consumer loans to rise, underwriting standards to become stricter and the housing sector to continue struggling far into the future.
"Housing has been an enormous drag on the economy for over three years as U.S. households lost trillions of dollars in equity," said Andrew Jennings, FICO's chief analytics officer. "Many bankers clearly believe prices will remain depressed for half a generation."
If you are in a situation where you must sell your house NOW, it's normal that you cannot have it sold for a long time. Because pretty much nobody wants to buy one now.
However, there is always a way to sell your house quickly.
For more info, please visit our website.
The survey shows that bankers expect delinquencies on consumer loans to rise, underwriting standards to become stricter and the housing sector to continue struggling far into the future.
"Housing has been an enormous drag on the economy for over three years as U.S. households lost trillions of dollars in equity," said Andrew Jennings, FICO's chief analytics officer. "Many bankers clearly believe prices will remain depressed for half a generation."
If you are in a situation where you must sell your house NOW, it's normal that you cannot have it sold for a long time. Because pretty much nobody wants to buy one now.
However, there is always a way to sell your house quickly.
For more info, please visit our website.
Monday, September 26, 2011
Hard to Sell a House as nobody wants to buy one right now in the US
Financial News Media, Marketwatch.com, reported an interesting story today regarding the weakness of the US Housing market. Here is an excerpt.
A third of the labor market — workers and unemployed people — is worried about employment, a stat that signals continued trouble for the struggling housing market, according to Fannie Mae’s latest National Housing Survey, released this week.
“In the second quarter, 26% of Americans were worried about their job stability. When combined with the 9% of unemployed households, you have more than a third of the potential workforce worried about their employment status. This is hardly a strong support for housing demand,” said Doug Duncan, chief economist for Fannie Mae, in a news release.
At a time when unemployment remains high and fears of a double-dip recession abound, few Americans feel good about buying a home. Therefore it is obviously hard to sell a house now...
Having said that, there is always to have your house sold in a short time for a cash.
As local investors in Brooklyn, We Buy Houses in Any Condition for CASH and Close Very Quickly.
For more info, please visit our website.
A third of the labor market — workers and unemployed people — is worried about employment, a stat that signals continued trouble for the struggling housing market, according to Fannie Mae’s latest National Housing Survey, released this week.
“In the second quarter, 26% of Americans were worried about their job stability. When combined with the 9% of unemployed households, you have more than a third of the potential workforce worried about their employment status. This is hardly a strong support for housing demand,” said Doug Duncan, chief economist for Fannie Mae, in a news release.
At a time when unemployment remains high and fears of a double-dip recession abound, few Americans feel good about buying a home. Therefore it is obviously hard to sell a house now...
Having said that, there is always to have your house sold in a short time for a cash.
As local investors in Brooklyn, We Buy Houses in Any Condition for CASH and Close Very Quickly.
For more info, please visit our website.
Tuesday, September 20, 2011
US Homebuilders' Sentiment is Lower in September, 2011
Here is what AP (Associated Press) reported Monday, reflecting the weakness of the US Housing Market.
The National Association of Home Builders said Monday that its index of builder sentiment in September fell to 14 from 15. The index has been below 20 for all but one month during the past two years.
Any reading below 50 indicates negative sentiment about the housing market. It hasn't reached 50 since April 2006, the peak of the housing boom.
Last year, the number of people who bought new homes fell to its lowest level dating back nearly a half-century. Sales this year haven't fared much better.
--- These data indicate that US Housing Market will be tougher going forward, at least 6 -10 months.
If you are in a situation where you need to sell your house, it may be hard to liquidate your house at the price you want.
However, there is always a way to sell your house fast. As local investors in Brooklyn, We Buy Houses ALL CASH and Close Super Fast. We offer competitive prices.
For more details, please visit our official website.
The National Association of Home Builders said Monday that its index of builder sentiment in September fell to 14 from 15. The index has been below 20 for all but one month during the past two years.
Any reading below 50 indicates negative sentiment about the housing market. It hasn't reached 50 since April 2006, the peak of the housing boom.
Last year, the number of people who bought new homes fell to its lowest level dating back nearly a half-century. Sales this year haven't fared much better.
--- These data indicate that US Housing Market will be tougher going forward, at least 6 -10 months.
If you are in a situation where you need to sell your house, it may be hard to liquidate your house at the price you want.
However, there is always a way to sell your house fast. As local investors in Brooklyn, We Buy Houses ALL CASH and Close Super Fast. We offer competitive prices.
For more details, please visit our official website.
Thursday, September 15, 2011
Foreclosure Filings Jump 7% in August - pressing down the US Housing Market farther
The number of default notices mailed to homeowners who were behind on their mortgages soared in August to a 9-month high — the largest month-to-month increase in 4 years, according to data released by RealtyTrac Inc. on Thursday.
Foreclosure filings, which include those late-payment notices plus auction announcements and bank repossessions, rose 7% in August compared with July, hitting a total of 228,098 U.S. properties.
These foreclosure properties will be pouring into the already-battered US Housing Market. Then you know what to expect. Yes, the housing prices will fall again--- farther more.
Therefore if you are to sell your house, the time is NOW, before the price goes down more. The sooner the better, for many Economists predict that the US housing prices will never come back for another 2 years.
It's true that it is hard to sell a house right now in this depressed market. But if you want to sell your property fast, there is always a way.
As local investors in Brooklyn, We Buy Houses ALL CASH in Any Condition. Please take a look at our website for more details.
Foreclosure filings, which include those late-payment notices plus auction announcements and bank repossessions, rose 7% in August compared with July, hitting a total of 228,098 U.S. properties.
These foreclosure properties will be pouring into the already-battered US Housing Market. Then you know what to expect. Yes, the housing prices will fall again--- farther more.
Therefore if you are to sell your house, the time is NOW, before the price goes down more. The sooner the better, for many Economists predict that the US housing prices will never come back for another 2 years.
It's true that it is hard to sell a house right now in this depressed market. But if you want to sell your property fast, there is always a way.
As local investors in Brooklyn, We Buy Houses ALL CASH in Any Condition. Please take a look at our website for more details.
Friday, August 26, 2011
We Buy Houses "As Is" All Cash in Brooklyn NY & Close Very Quickly
US Housing markets continue without a pulse as new home sales came in below expectations at 298,000 in July, a 0.7% decline from a downwardly revised June measure, the Commerce Department reported Tuesday. It is not only below the market consensus forecast of 310,000, but it is the lowest level in the past 5 months.
The Existing Home Sales released last week came in at 4.67 million homes, much lower than expected, as well.
Considering the above, obviously the US Housing Market still is in distress. Therefore it is hard to sell a house right now.
In Brooklyn NY area, on the average, it takes 8-10 months to have property sold. However, there is always a way to sell your house quickly and get cash.
As local investors, We Buy Houses "As Is" All Cash and Close Very Fast. In many instances, we can close within 14 days.
For more info, please visit our website.
Please contact us for a FREE quote. 1-888-282-0423, Ext 1.
The Existing Home Sales released last week came in at 4.67 million homes, much lower than expected, as well.
Considering the above, obviously the US Housing Market still is in distress. Therefore it is hard to sell a house right now.
In Brooklyn NY area, on the average, it takes 8-10 months to have property sold. However, there is always a way to sell your house quickly and get cash.
As local investors, We Buy Houses "As Is" All Cash and Close Very Fast. In many instances, we can close within 14 days.
For more info, please visit our website.
Please contact us for a FREE quote. 1-888-282-0423, Ext 1.
Tuesday, August 23, 2011
Exisiting Home Sales Unexpectedly Declined - Suggesting Even Weaker Housing Market
Sales of previously owned U.S. homes fell in July to the lowest level this year and prices also tumbled, a sign the housing sector won't soon regain its footing.
Existing-home sales declined 3.5% from a month earlier to a seasonally adjusted annual rate of 4.67 million, the National Association of Realtors said Thursday. Economists surveyed had expected home sales to rise by 4.0% to an annual rate of 4.96 million. Therefore it is a huge negative surprise.
Also, the housing prices are NOT Doing Well, either. The median price of an existing home in July was $174,000, down 4.4% from $182,100 a year earlier.
Economists say stronger income and job growth are needed to spur home buying and reduce the large inventory of foreclosures. But there is so much uncertainty in US economy that there is no recovery in sight at least for now.
In this declining housing market, it would be hard to sell a house. For example, in Brooklyn,it would take 8-10 months, on the average to have a property sold right now.
But if you are in a situation where you need to sell your house fast, there is still a way.
For more info, please visit our website and find out details...
Existing-home sales declined 3.5% from a month earlier to a seasonally adjusted annual rate of 4.67 million, the National Association of Realtors said Thursday. Economists surveyed had expected home sales to rise by 4.0% to an annual rate of 4.96 million. Therefore it is a huge negative surprise.
Also, the housing prices are NOT Doing Well, either. The median price of an existing home in July was $174,000, down 4.4% from $182,100 a year earlier.
Economists say stronger income and job growth are needed to spur home buying and reduce the large inventory of foreclosures. But there is so much uncertainty in US economy that there is no recovery in sight at least for now.
In this declining housing market, it would be hard to sell a house. For example, in Brooklyn,it would take 8-10 months, on the average to have a property sold right now.
But if you are in a situation where you need to sell your house fast, there is still a way.
For more info, please visit our website and find out details...
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