Posted on July 2, 2010 by MoneyBob
The housing market continues to deteriorate. Thursday’s report on May pending home sales was down 30% from the prior month and nearly 16% vs. a year ago. The market weakness spans the country. Sales in the Northeast, Midwest and South fell more than 30%, the bright spot, the West, only fell 21%.The news comes after [...]
Filed under: Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Dooms Day, Economy, Foreclosure, Gary Shilling, Housing, Howard Davidowitz, Liquidity Squeeze, Middle Class, Real Estate, Robert Prechter, Robert Shiller, Thoughts, Work, Yahoo Finance, economics | Tagged: Case-Schiller, double dip, Homes Sales, houses, housing market, Real Estate, Richard Suttmeier, Short Sales | Leave a Comment »
Posted on July 2, 2010 by MoneyBob
The stock market continued its sell-off Thursday as investors await Friday’s June unemployment report. The consensus estimate among economists is for a loss of at least 100,000 jobs and the unemployment rate to inch up to 9.8%.The jobs data we have already received this week also doesn’t suggest positive news. This week’s initial jobless claims [...]
Filed under: Credit Crunch, Debt Management, Deflation, Depression, Dooms Day, Economy, Housing, Life, Middle Class, Personal, Real Estate, Robert Shiller, Taxes, economics | Tagged: Economy, ecoomics, Housing, housing bubble, Real Estate, Richard Suttmeier | Leave a Comment »
Posted on June 20, 2010 by MoneyBob
The recession will now turn deeper and the Federal Reserve is worried about deflation. more about "Suddenly, Gary Shilling’s Bearishness…", posted with vodpod
Filed under: Credit Crunch, Credit Freeze, Deflation, Dooms Day, Economy, Gary Shilling, MoneyBob Postings, economics | Tagged: Real Estate, Mortgages, housing bubble, Gary Shilling, commercial real estate, Housing, double dip, housing market | Leave a Comment »
Posted on October 25, 2009 by MoneyBob
The economy is still the pits yet stocks are on a tear. What’s an investor to do in these confusing times?John Mauldin, president of Millennium Wave Advisors, admits the average investor doesn’t “have as many good choices” as in the past.Contrary to what “experts” have told the public for years, now is not the time [...]
Filed under: Aaron Task, Economy, Income, Investing, John Mauldin, MoneyBob Postings, Retirement, Thoughts, Yahoo Finance, economics | Tagged: buy and hold, economics, Investing, Investments, John Mauldin, Real Estate | Leave a Comment »
Posted on October 19, 2009 by MoneyBob
The strength of the recovery in the housing market has surprised a lot of people, including Yale Professor Robert Shiller.”This is historic,” Shiller says of the recent snapback in the Case-Shiller Index. “It’s V-shaped. We’ve never seen it before. That makes it hard to know from statistical basis what it portends.”Are we on track for [...]
Filed under: Aaron Task, MoneyBob Postings, Real Estate, Yahoo Finance | Tagged: Real Estate, Robert Shiller | Leave a Comment »
Posted on October 15, 2009 by MoneyBob
NYC Commercial Real Estate Wreckage Here’s the scary thing about the commercial real estate situation: It’s not even starting to get better, actually — Things are still getting worse faster says Moody’s. The Moody’s Delinquency Tracker (DQT) measured a 41 basis point increase in the month of September. The DQT now stands at 3.64%. This [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Economy, Howard Davidowitz, Real Estate, Stagflation, economics | Tagged: commercial real estate, Jobs, Life, nyc, Real Estate, Work | Leave a Comment »
Posted on August 20, 2009 by MoneyBob
One In Three Chance You’ll Soon Owe More Than Your House Is WorthPosted Aug 20, 2009 11:15am EDT by Henry BlodgetRelated: xhb, tol, len, kbh, dhi, phmForeclosure rates in the U.S. remain near record highs. More than 13% of American homeowners with a mortgage are either behind on their payments or in foreclosure. The latest [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Economy, MoneyBob Postings, Real Estate, economics | Tagged: adjustable loans, adjustable mortgages, Debt, Depression, Foreclosure, home, houses, loans, Mortgage, Mortgage Debt, Mortgages, option arms, Real Estate | Leave a Comment »
Posted on June 15, 2008 by MoneyBob
By AMY MCALISTER Published: June 13, 2008 Foreclosure filings continued their surge in May, jumping 48 percent from levels recorded one year earlier as the number of distressed borrowers continues to mushroom in key housing markets across the nation. RealtyTrac Inc. reported Friday morning that 261,255 properties were subject some sort of foreclosure activity — [...]
Filed under: Credit Crunch, Debt Management, Economy, Foreclosure, Mortgages, Real Estate | Tagged: forclosures, Foreclosure, Mortgage, Real Estate, Sponge Bob | Leave a Comment »
Posted on May 6, 2008 by MoneyBob
Mouse over picture Existing home sales ticked downward in March, with much of the decline concentrated in the mid-west and the south. Sales are now off 32% since June of 2005 and inventories remain stubbornly high. As recession fears continue, downward pressure will likely remain for some time to come Jim Stack of InvesTech Research [...]
Filed under: Credit Crunch, Economy, Middle Class, Mortgages, Real Estate, economics | Tagged: Life, Real Estate, Sucks | 2 Comments »
Posted on April 14, 2008 by MoneyBob
Apr 14, 3:26 PM EDT AP Poll: Mortgage Payments Worry Many By ALAN FRAM Associated Press Writer WASHINGTON (AP) — One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the nation’s [...]
Filed under: Credit Crunch, Economy, Foreclosure, Interest Rates, Middle Class, Mortgages, Real Estate | Tagged: Foreclosure, Foreclosures, Mortgage, Mortgage Debt, Mortgages, Real Estate, US News | 2 Comments »
