June 10, 2011
The number of homeowners underwater on their mortgages in the United States declined slightly during the first three months of the year.
The decline in the number of borrowers owing more on their mortgages than those properties are worth occurred despite falling...
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Fewer homeowners are underwater on mortgages
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Strategic Defaults Revisited: It Could Get Very Ugly
Apr 26, 2011
Many homeowners see strategic default as their best option, and all major housing markets in the US could suffer.
In an article posted on Minyanville last September -- Strategic Defaults Threaten All Major US Housing Markets -- I discussed...Last edited by tobee43; 04-29-2011, 05:06 AM. -
1 million homes repossessed in 2010
January 13, 2011
NEW YORK (CNNMoney) -- Foreclosures were at a record high in 2010, and more than 1 million people lost their homes, even as notices started leveling off during the end year.
In total, there were nearly 2.9 million foreclosure notices filed during the year,... -
Housing's Anemic Rebound Gives Little Boost to U.S. Economy
Jan 12, 2011
This may be the year the U.S. housing market starts crawling up from rock bottom. Held back by foreclosures, the pace will be so weak it won’t do much for economic growth.
Home prices probably will start to gain in 2011’s third quarter and rise 0.6 percent...