Selecting an Underwater Video HousingBy Sy HarrisBasic: $899, Most Sony Cameras and Some Canon CamerasTop DawgUniversal DesignThe most basic yet flexible housing we sell is the Top Dawg. It has a flat acrylic front port and adjustable camera tray that will fit over 100 cameras. To work in the Top Dawg your camera must be 9”L x 5”W x 5”H and have a LANC remote port. The remote port allows the housing to control zoom, focus, on/off, record, and still shot mode."Read the entire article here: Selecting an Underwater Video Housing
Here’s another great piece that was suggested to me. As you may have heard already, the U.S. House of Representatives passed a bill last week that would enable struggling mortgage holders to refinance into more affordable loans guaranteed by Uncle Sam. The legislation, spearheaded by House Financial Services Chairman Barney Frank, would require [...]
Forget soaring foreclosures and the free-fall in home prices. The battered real estate market may have finally hit bottom, a nationally known Boston real estate expert is declaring.Bucking widespread gloom about the state of real estate, Wellesley College housing market guru Karl Case sees strong signs of a possible rebound.And he even thinks it might be time for a little bargain hunting as well.
Have you been searching across the internet looking for a crystal ball on the Bay area Housing market and what direction it is going? The fact is the only way you know when you have found the bottom of a housing market is when the market has already turnd and you missed your oppertunity. Here [...]
More bad news for the housing market. According to CNNMoney:
Home prices continue sharp descent
Steep drops in West. Heartland prices stabilize. Bottom line: 7.7% decline in first quarter.
NEW YORK (CNNMoney.com) — Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982.
The [.
If' you're a customer of Countrywide Mortgage, you've probably got your share of "Easy Refinance Today" offers through both regular mail, and phone calls. I finally got tired of screening the calls and decided to pick up and tell them no. On a lark, I decided to get the 'free, no obligation [...]
Business Times - 13 May 2008 Japan's housing glut adding to growth fears Scandal over falsified engineering data at root of housing problem (TOKYO) When a regulatory hitch hit Japan's housing sector last year, Tokyo assumed the crunch would be short-lived. But almost a year later, a growing backlog of unsold apartments threatens to dent already feeble economic growth. Rather than making a modest p
Enlightened Wealth Institute student Tammy Powell: Wow! Finally, the media stops writing about ‘doom and gloom’!
The revered Wall Street Journal recently this month has done an excellent job on writing about the state of the U.S. housing market and more importantly, the trend!
By CYRIL MOULLE-BERTEAUX
May 6, 2008; Page A23
The dire headlines coming [...]
Following great criticism that it was offering no alternative other than to veto the housing rescue bill which passed the House of Representatives last week, the Bush Administration has expanded its own program which relies on the FHA. From a CNNMoney.com story:While Congress grapples with how to help troubled homeowners, the Bush administration is expanding a more modest effort to help at-risk b
This editorial opinion by Cyril Moulle-Berteaux, "The Housing Crisis is Over" appeared in the Wall Street Journal on May 6, 2008 and has been getting alto of attention in the blogosphere. The author quotes historical real estate cycles and claims...
This morning I received an e-mail from the powers-that-be behind Stop The Housing Bailout! According to STHB:
• Readers against a housing bailout should contact U.S. Senator Richard C. Shelby. He can be reached by telephone at (202)224-5744, and by e-mail at Senator@shelby.senate.gov. STHB stated, “He is going to run the show from [...]
Today The Housing Chronicles Blog celebrates its 6-month anniversary!When I launched the blog back on November 12, 2007, I had a simple mission: (1) to cover the news stories about housing and economics that I was reading already in print and online; (2) to provide balanced coverage from the perspective of a building industry insider; (3) to interact with other bloggers and reporters covering the
by Rep Ron Paul
The House passed two bills attempting to rehabilitate the housing and mortgage market this week. There doesn’t seem to be any shortage of criticism and blame for the bad decisions, and rightly so.
Lenders and banks do share much of the blame for the overheated market. Lending standards were relaxed, or even abandoned [...]
I have never thought it would come to this, but I actually agree with president Bush. He threatens to veto the new "housing rescue" bill, and I can't hope enough he will actually do it.The House of Representatives must share Hillary Clinton's opinion on economists and other "elite" specialists: "who needs thinking if we can get votes". And what is the easiest way of getting votes if not giving o
"David Streitfeld writes in the NY Times about the impact of the housing bust on self storage: Losing a Home, Then Losing All Out of Storage. There are several interesting sub stories in this article, like the trend toward "residential units":"
If we ever had a "decider" in the White House, apparently that doesn't extend to the best ways to address the housing bust or even to negotiate in good faith on a compromise bill. From the New York Times:Even as the housing foreclosure crisis deepens, legislation to rescue homeowners and their lenders appears to be in significant political jeopardy.The bill, which passed the House on Thursday, is
Is the housing crisis over?
The Wall Street Journal published an interesting opinion article on May 6, 2008 titled “The Housing Crisis Is Over”. Here’s the link:
Although our business has seen a small upward tick in sales activity over the last four weeks, it’s hard to believe the crisis is over. (For those of you [...]
Orange County, an area with over 3,098,121 people sometimes has a reputation at least nationwide as being an exclusively prime area. What most people that don’t live or work here realize is that the media perception of the “OC” is guided by a few prime cities such as Laguna Hills and Newport Beach. [...]Related Posts:■Real Homes of Genius: Today we Salute you Santa Ana. 498 Square Feet for $440,000, What a Deal!■Real Homes of Genius: Lifetime Achievement Award. Nearly 80 Percent Loss in Oakland California.■Home Sales: Worst Drop in 18 Years. Enjoy your Day!■C.A.R. says 2007 will see a -2% Drop in California. Does This Feel like a 2% Yearly Drop?■Real Homes of Genius: Today we Salute you Maywood. 853 Square feet for $385,000.
``First, the ‘listed’ universe in not representative of the entire ‘for sale’ universe. For example, DataQuick reported that in CA in March 24,565 new and existing homes sold of which 38.4% had foreclosure activity within the past year, meaning much was bank REO (Real Estate Owned). Most bank owned REO, including homes sold through the major auction aggregators such as REDC, never make it to the official MLS.''
Attempting to define the Pasadena real estate market is akin to watching air run through a clear tube. You know its moving, you just can’t see it. I think that is what we are experiencing right now with Pasadena home sales. Conversations with other brokers and escrow agents indicate that there could be a small [...]
If you read the many housing blogs hosted by angry renters, you'd think that there was overwhelming resentment towards any bailout of people who bought more homes than they could reasonably afford. However, according to a recent poll conducted by CNN/Opinion Research, 49% of respondents actually support some type of special treatment for homeowners in danger of losing their homes vs. 48% against it. From a CNNMoney.com story:Americans remain split on whether homeowners about to default on their mortgages should receive special treatment to help them keep their houses, according to a new CNN/Opinion Research Poll.The poll finds 49% of Americans believe such homeowners should receive special treatment, while 48% feel homeowners should not get assistance. Three percent of those polled had n
Active Snohomish County Listings Year-to-Date
Residential: 5,763
New Construction: 1,594
Condominium: 1,393
Pending Snohomish County Sales Year-to-Date
Residential: 2,730
New Construction: 864
Condominium: 723
Closed Snohomish County Listings Year to Date
Residential: 2,177
New Construction: 667
Condominium: 544
There are actually two bills floating around the bureaucratic epicenter of the United States. One of the measures is a $300 billion doozy aimed at the extrication of the housing slump (rescue those facing foreclosure), the other is a $15 billion beautification measure; property owners can apply for grants/loans to fix up unsightly properties. While both bills found favor in the House, a Bush ve
Even though I am still on hiatus, I just wanted to pass this along to you from Stop The Housing Bailout!:
Bailout Alert! According to this article, Bush says he will veto the Frank-Dodd bailout bill.
Please call or email the White House to voice your support of a veto of the any housing bailout [...]
A flat pattern in home sales activity should continue for the next couple months before improving over the summer, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said the extent of an expected recovery hinges on better access to affordable loans. “Things are beginning to improve, but the [...]
Words from the source:On a trip to the city of Brotherly Love recently, some of this podcasts fans got on me about my mellow my man, DJ Eric Prince being a NY Mets fan.So Eric Prince, being the gentleman that he is, decided to do a special mix for those Cee Dogg fans by giving them something he calls: Housing It Out Of The ParkMedia: Mix PodcastSource: ceedoggpresents.blogspot
Today’s US Dollar Trading• USD firms, sideways after Housing Data• Pending Home Sales as expected• Speculation BOE might cut rates ThursdayOvernight Preview• Look for book-squaring ahead of BOE meetingLooking Ahead to ThursdayAll times EASTERN (-5 GMT)• 8:30am USD Unemployment Claims forecast 370K• 10:00am USD Wholesale Inventories m/m forecast 0.5%• BOE MPC Rate Announcement no change forecastedSummaryThe USD has had a strong day today after another slow start in Asia overnight. Equities softened which kept some pressure on the USD/JPY pair but the Greenback was able to stay on the offensive against most of the pairs throughout the day. Cable broke hard on poor UK data and speculation that a rate cut is coming from the BOE MPC tomorrow; highs at 1.9740 in Asia were never c
Bailout Alert! According to this article, Bush says he will veto the Frank-Dodd bailout bill.
Please call or email the White House to voice your support of a veto of any housing bailout bills:
Ph: 202-456-1414 or 202-456-1111
Just say, “I am calling to ask you to veto any housing bailout that comes out of Congress.”
``So this is good right? The months of inventory is decreasing. This is the argument the media is telling you. The only problem is the properties that are selling are distressed properties which are growing!''
You know you do it. Deep down you know you feel a bit sneaky when you do it like going on a clandestine secret mission. I would venture to guess that you have Zillowed yourself or homes in your neighborhood. Welcome to the major equalizing force in the housing game, information. [...]Related Posts:■Living Large on $25,000 a Year in Southern California.■Real Homes of Genius: Today we Salute you Monterey Park. 800 Square Feet for $479,000.■Real Homes of Genius: Forget Buy 1 get 1 Free Deals. How About 3 for the Price of 1. Today we Salute you Riverside.■5 Reasons Why The Housing Market Will Continue to Decline Until 2010: Extrapolating The Free Ride Bird and Dancing with the Housing Pied Piper.■The Short Sale Report: Volume 2 – Record 10,000+ Short Sales in Southern Cali
Studies and Reviews
Last week’s release of the first-ever Downtown Tampa Study showed some interesting results. Here are some of the key findings:
Downtown workers and residents are heavily engaged with the downtown cultural and entertainment community. Many have annual memberships to the...
Click on link above to read full story.
Yesterday I wrote an article on Lansdowne On The Potomac which inspired me to give you some stats on the housing activity there.
For those of you who live in Eastern Leesburg today is for you. I have done some research for you to share with you what is happening in Lansdowne, River Creek, and Potomac Station. I have [...]
Despite the regularity of bad news about the housing market, two writers in the Wall Street Journal argue that we may in fact be hitting a bottom for the housing slump. First, from Brett Arends:Is it time, at long last, to head down to Florida to start looking at homes? Maybe. And the nearby chart shows one reason why.It comes from Wellesley College Prof. Karl E. Case, one of the leading experts on the housing market in the country. And it suggests we may be at, or near, the bottom of the housing crash. Of course, even if he's wrong we won't know for sure for many months. But new housing starts have at last slumped below the seemingly magical one million mark. That happened in March. Every time that has happened in the last 50 years, it proved to be the bottom of a recession...There is no
This is one of the few times when I actually agree with Bush. It looks like the president is going to let the housing market correct itself, which is the right thing to do. According to Reuters:
WASHINGTON (Reuters) - President George W. Bush warned that he would veto legislation aimed at shoring up the housing [...]
The National Association of Realtors’ seasonally adjusted index of pending sales for existing homes fell to 83.0 from a downwardly revised February reading of 83.8, the index’s previous low. The index stood at 103.9 in March 2007.
The House today will begin debate on the American Housing Rescue and Foreclosure Prevention Act which would let the government back loans for homeowners at risk of foreclosure and a move many Republicans have opposed.
The bill is sponsored by House Financial Services Chairman Barney Frank, D-Mass and had this to say about the housing [...]
Despite objections from the Republicans, the Democrats managed to push a housing bill that is worth $15 billion. The opposition considered the bill to be a government giveaway or bailout.
If passed, the housing bill will mean that counties and cities suffering from the worst of the foreclosure crisis will receive federal grants and loans for [...]
Mahindra Lifespaces Developers (MLDL), the housing and real estate arm of the $ 7.5 billion (Rs 30,566 crore) Mahindra Group, is planning to enter the business of building low-cost houses for the middle-income group. Low-cost houses have become a fa1 Vote(s)
Even previously immune housing markets like Seattle and Charlotte are finally coming down.
According to CNNMoney:
Bulletproof housing markets get hit
NEW YORK (CNNMoney.com) — Some of the last, best housing markets - the ones that continued to climb even as the rest of the country cratered - have turned south lately.
Seattle, Portland Ore., Charlotte, NC, and [...]
These policies, often referred to as "smart growth," create a scarcity of land, artificially raise the price of housing, and, again, have increased the exposure of the market to risky mortgage debt. When more liberal loan policies were implemented, metropolitan areas that had adopted these more restrictive policies lacked the resilient land markets that would have allowed the greater demand to be accommodated without inordinate increases in house prices.A few voices in the wilderness on both sides of the political spectrum have pointed to the role of excessive land use policies in driving up housing costs. For example: Liberal economist Paul Krugman of The New York Times put most of his conservative colleagues to shame in noting that the house price bubble has been limited
Mahindra Lifespaces Developers (MLDL), the housing and real estate arm of the $ 7.5 billion (Rs 30,566 crore) Mahindra Group, is planning to enter the business of building low-cost houses for the middle-income group. Low-cost houses have become a fad among young people, as they are available at an affordable cost of Rs 25-30 lakh. [...]
Real estate accounts for a half of revenues in some localities, but only 4% of the national GDP. Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) talked to officials about the challenges facing the housing market.
* Nguyen Manh Ha, director of the Department of Housing Management and Real Estate Market
Though the real estate market is fairly experienced, it is facing many challenges and
It’s Going to Get Worse Newsweek Web Exclusive - snips:Economist David Lereah (of the NAR) was once the housing market's biggest cheerleader. Now he says the bust isn't near over, and home prices still have a long way to fall... "We're not at the bottom," he says. "[People] want it to be near the bottom, but we're not there yet. The leading indicators are still very bad. Pending home sales are still in bad shape. Mortgage applications are low … There's still supply out there in abundance … This thing is going to get worse before it gets better." Lereah says that the industry may begin to see a slight uptick in sales later this summer, which could signal the start of the recovery. Home prices, however, will continue to fall... That's quite a turnabout from the view he articulated in h
As foreclosures increase and housing sales and values continue to decline its time to ask ourselves, “Where’s The Beef”? So far we have had a tremendous amount of proposals and opinions from our Presidential candidates, plus we have a government that’s intent on applying band aids to a patient that many perceive is already on [...]
Mortgage finance firm cuts quarterly dividend as it moves to shore-up capital in the face of losses.
NEW YORK (CNNMoney.com) — Mortgage financer Fannie Mae warned Tuesday that the tumbling home values and loan defaults that have crippled the U.S. economy are likely to worsen, after posting a far larger-than-expected first-quarter loss.
The firm said it now [...]
Need to know why the housing market got out of control? Take a look at these 4 articles:
1. Going broke on $100,000 a year
2. 10 overpriced California Homes
3. A couple with $130,000 goes into foreclosure
4. No Housing Bottom!
If you are interested, you should subscribe to the quarterly newsletter which will [...]
Need to know why the housing market got out of control? Take a look at these 4 articles:
1. Going broke on $100,000 a year
2. 10 overpriced California Homes
3. A couple with $130,000 goes into foreclosure
4. No Housing Bottom!
If you are interested, you should subscribe to the quarterly newsletter which will [...]
There are moments in history that change the world profoundly. The fall of the Berlin Wall. The industrial revolution and the impact it made on our society. And finally, David Lereah, the former National Association of Realtors chief economist telling us that that things will get worse before they get better? [...]Related Posts:■Did you Feel That? Housing Just Hit the Third Rail.■Mission Accomplished: 3 Housing Issues: Multiple Bottoms, Declining Dollar, and More Sub-prime and Alt-A Defaults.■Even the Harlem Globe Trotters Couldn’t Spin Today’s Housing News!■Think Housing Can’t Go Down Significantly in Southern California?■California Budget Details: How the Recession Will Affect Revenues for the State.
This week, we'll see earnings from many of the top publicly traded retirement homes. We have earnings from Capital Senior Living Corp. (NYSE: CSU), Brookdale...
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Each quarter, the Federal Reserve surveys 84 U.S. banks about demand for loan products and general banking conditions. It's like "street reporting"; a pulse of what's really happening behind retail bank walls. Almost always, it paints a different pictu...
This is what Bernanke said at the Columbia Business School’s 32nd Annual Dinner in New York:
Chairman Ben S. Bernanke
At the Columbia Business School’s 32nd Annual Dinner, New York, New York
May 5, 2008
Mortgage Delinquencies and Foreclosures
President Bollinger, Dean Hubbard, Co-Chairman Kravis, and distinguished guests, I am very pleased to be here and especially honored to receive [...]
Business Times - 06 May 2008 JLL re-entering housing project sales business By KALPANA RASHIWALA JONES Lang LaSalle (JLL) is poised to re-enter the Singapore residential project sales business after a hiatus of about seven years.It has clinched appointments to market Floridian, a 336-unit freehold condo development in Bukit Timah by Far East Organization and Wing Tai Holdings, as well as Lippo's Centennia Suites at Kim Seng Road.It is also marketing 34 units at the completed 99-year leasehold Amaryllis Ville condo in the Newton area on behalf of Goodearth Hotel group of Australia. Goodearth - controlled by the family of the late Teo Lay Swee, who used to own the Cockpit Hotel site - bought the 34 units from the project's developer, Wing Tai, about two years ago and is expected to sell the
From the Oregonian:Weyerhaeuser Co., one of the world's largest timberland owners and wood products manufacturers, said Friday it swung to a loss in the first quarter, hurt by a sagging housing market and low product prices.The Federal Way, Wash.-based company said it expects continued weakness in the housing market and higher fuel costs to hurt second-quarter earnings in its timberlands segment.Weyerhaeuser lost $148 million, or 70 cents a share, in the first three months of the year, compared with a profit of $720 million, or $3.09 a share, in the year-ago period. Results included $40 million in charges for closures in Weyerhaeuser's wood products business and $35 million for real estate impairments and reserves. Excluding these and other pretax items, the company lost $51 million, or 24
At its lowest since the early 1990's, Consumer Confidence fell from 65.9 to 62.3. "The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households."At an annualized rate, the Gross Domestic Product increased 0.6%, just keeping us out of the most recognized definition of a recession.Personal income & disposable personal income both increased by 0.3% according to the Bureau of Economic Analysis, which tracts many economic factors nationwide and internationally.On the real estate scene in Athens, GA in the past 30 days there were:
768 new real estate listings placed on the market
253 sold properties in the overall Athens, GA market area
&nb
Several distinct pattern emerge out of the 2008 statistics for the 32819 zip code in the Dr. Phillips area. The current inventory stands at 45 months which is a huge surprise. The average days on market number is still on the rise and currently stands at 172 days. At the same time, average price per [...]
"With a name of a publication like the one you see at the top of this blog, if there are any biases by the writer (which surely there are), you probably have a good idea what they are. Not so with outfits like MarketWatch where columnists can write whatever they want while keeping their true motives unknown to readers."
As airlines declare bankruptcy and gas prices push toward $4.00 a gallon, the housing market is being effected severely. Heightened uncertainty is causing most homeowners to stay put and wait things out, as the wild ride of the economic downturn continues.
Suburbs are being greatly effected as in many parts of the country sales of homes [...]
We talked about this even before Congress passed the new law and now we are seeing that we were right. The new conforming loans that increased the limit to up to 730K in some areas are not widely available and the interest rates are not even close to the ones offered to loans under 417K.
According [...]
The U.S. won the dubious honor of having the worst housing market in the world in 2007, recording an 8.9 percent drop in housing prices nationwide. The second worst housing market after the U.S. was Ireland, which saw a 7.32 percent drop. We all knew things were bad in the U.S. housing market, but the worst in the world? That is quite a distinction.When looking at these numbers we must remember a couple things, though.First, not all the countries in the world provide national housing market data, so many countries are not even included in the data set.Second, the U.S. is a large country and housing markets across cities and states are different from one another, so the number is simply a national average. Florida and California in particular had an extremely strong negative effect on these
Bangalore is growing taller. A planned 32-storey tower in Jalahalli, once completed, will surpass the 24-storey twin towers of Bearys Lakeside Habitat in Hebbal as the city’s tallest residential building. The 344ft (105m)-tall structure is one of...(read more)
Ashburn is split between 2 zip codes.
Most of Ashburn is within the 20147 zip with neighborhoods like Ashburn Village, Belmont Country Club, Ashburn Farm, and Farmwell Hunt. 20148 is pretty new with neighborhoods like Broadlands, Brambleton, Villages of Waxpool. Residents of 20148 are a little more adamant about this distinction.
The population of residents within [...]
The rate of housing price decline will lead to a loss of $6 trillion in real housing wealth in 2008, according to a report from Washington D.C.-based think tank Center for Economic and Policy Research.
The group’s weekly Housing Market Monitor honed in on data released by S&P/Case Shiller yesterday that revealed an annual rate of [...]
This from the Miami Herald:
1 in 97 Florida households in foreclosure
The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday.
Florida [...]
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Housing prices post record declines
Las Vegas, Miami and Phoenix all saw prices plummet by at least 20%. And so far, there is no sign of a bottom.
By Les Christie, CNNMoney.com staff writer
Last Updated: April 29, 2008: 11:35 AM EDT
NEW YORK (CNNMoney.com) — Home prices have posted another record decline, as most of [...]
Join the Message Board
Housing prices post record declines
Las Vegas, Miami and Phoenix all saw prices plummet by at least 20%. And so far, there is no sign of a bottom.
By Les Christie, CNNMoney.com staff writer
Last Updated: April 29, 2008: 11:35 AM EDT
NEW YORK (CNNMoney.com) — Home prices have posted another record decline, as most of [...]
When the Nikon D300 was released last summer (’07) I along with many other underwater photographers recognised that its introduction coupled with the relatively low retail price would substantially influence uwp world over. In my role as uwp educator I decided to ‘jump on the bandwagon’ and upgrade from my trusty, reliable and much loved D200.You need to know that I have favoured Nikon since my days with a Nikon F2 and Oceanic housings of the 80’s. I have owned and used Subal housings since the introduction of the Nikon F801 in the early 1990’s. In my teaching role I regularly instruct in Ikelite, Sea & Sea, Nexus and Hugyfot DSLR housings. Whilst I’ll endeavour to be impartial as I can, the influence that Nikon and Subal have had on my own photographic career cannot be ignored
Whilst my previous two Sealux housings were functional and durable (see for reviews) the CD300 shows an improvement in aesthetics and ergonomics with the introduction of some subtle changes including: curved handles and conically tapered flat ports for close-up and macro work.A feature on Sealux housings which I think is a good design attribute is the raised inner lip on the housing body which stops water falling back into the housing when the housing back is removed after a dive. This also serves as a guide to placement of the lid on the housing body for sealed closure. Attention to detail is evident in the design of the CD300. Mineral glass rather than polycarbonate is used for the window over the D300 monitor display and this does justice to the resolution and clarity of the D300’s d
The Chairman of the Federal Deposit Insurance Corporation says that the government is not doing enough to help the housing market. In a piece written for the...
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It is hard to wrap your mind around the size of the American housing market. Today’s Case-Shiller Index reported a further deterioration in the housing market. The difficulty in determining what real estate was valued at the absolute peak is somewhat hard to determine since many regions hit peaks at various different times. [...]Related Posts:■Summer and Housing in the Garden of Eden. 3 Reasons Why Housing Will Soar This Summer!■Lords of Housing: Believing in the $22.5 Trillion Housing Market.■Current Status of Real Estate Market: Boring!■Of Bubbles Past. Need a Map for Housing? Ask a Housing Perma-Bull and They’ll See the World Through Colored Glasses!■The Psychology of a Crashing Housing Market: Sending in Your Home Keys Just Got Easier.
Foreclosure activity increased 23 percent in the first quarter compared to the previous quarter and was up 112 percent from a year ago, RealtyTrac said today.
Foreclosure filings were reported on 649,917 properties, or one in every 194 U.S. households, during the quarter.
“Foreclosure activity in the first quarter increased on a year-over-year basis in 46 out [...]
S&P/Case-Shiller U.S. Home-Price Index Fell 12.7% April 29 (Bloomberg) -- Home prices in 20 U.S. metropolitan areas fell in February by the most on record, pointing to an imbalance between supply and demand that shows no sign of ending.The S&P/Case-Shiller home-price index dropped 12.7 percent from a year earlier, more than forecast and the most since the figures were first published in 2001. The gauge has fallen every month since January 2007. Invest in crash helmets.
Matthew Price II, the former Director of Housing and Economic Development for Florida City, Florida, was sentenced to 30 months imprisonment, to be followed by three years of supervised release, for his role in a conspiracy to commit mail and wire frau...
One feature of the recent housing boom were the constraints on supply that often existed, especially focused in certain areas. This meant that house prices rose rapidly, especially in some areas where house prices rose far above the National average. The reason is a classic example of self interest by existing homeowners.
If you live in a local community you have everything to gain by preventing
If you believe management at USG (USG), the worst for housing looks to be over.
CEO William Foote recently said "The commercial market, which had remained relatively stable during the collapse of the housing market may have reached its peak. So our major market segments are weak, but any further declines are likely to be less severe than that which we've already experienced.
Said another way, we believe the drama is over and it's now about working through the bottom and getting back to a...
Continued at Todd Sullivan's ValuePlays
Aquatica is proud to announce its latest addition, the housing for the fabulous Canon 1DS mark III, with 21.1 mega pixels this camera/housing combination will push the boundaries of underwater photography to another level. Machined from solid aluminum, treated and anodized to military specification, then painted with a robust weather and wear resistant finish, this addition to our already wide selection of housings will benefit from the same 300 ft. depth rating that set us apart from our competitors.The 1DS Mk III housing has the same mounting bayonet that will accept our existing accessories as well as ports, including our tack sharp Megadome, Aqua View finder and remote control cord, it is therefore in a position to address every aspect of this demanding activity that is underwater phot
In Parliament today I raised an issue about a couple of suburbs that I look after: Sturt and Seacombe Gardens. Most people know that they were Housing Trust suburbs, and many homes were built by the trust in the 1950s and 1960s. One of the problems that has arisen is that the areas were surveyed [...]
Richmond Affordable Housing Development Authority and nine non-profit groups have come together this week to host a week of affordable housing awareness, April 20-26. This weeklong series of volunteer opportunities and events is intended to increase awareness of what affordable housing means today, why it's important and who it serves in our community. The groups are slated to build 188 new homes in the Blackwell neighborhood over the next few years. It's part of an effort to ensure that residents have an affordable and safe place to call home - no matter what their income.The goal is to build the homes using grant money and to offer financial assistance for home buyers and to build up the community.For more information, contact Southside Community Development and Housi
There were three different economists opining at the NAHB Spring Construction Conference. All are hoping that the worst is behind us, but that builders need to adapt, Congress needs to act and sales need to increase so inventory levels are reduced; From the Nation's Building News:The outlook for housing and the economy should be gradually brightening within a few months, but before there can be any assurance that the worst of the downturn is over, there needs to be a pickup in home sales, according to panelists at NAHB’s Spring Construction Forecast Conference on April 24 in Washington, D.C. Residential production and sales this year have declined “more sharply than anticipated,” said NAHB Chief Economist David Seiders, and the situation for the U.S. economy “definitely has darke
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April 28, 2008 HDB income ceiling: Many housing options available I REFER to the letters, 'Raise income ceiling on HDB flats over $500k' by Mr Song Yee Soon (April 16), and 'Variety needed in HDB income ceiling rule' by Mr Ng Ya Keng (last Thursday). The Design, Build and Sell Scheme (DBSS) was launched to give choice to flat buyers who are prepared to pay for variety in housing designs and fittings.In pricing new DBSS flats, private developers take into account the purchasing power of flat buyers within the income ceiling of $8,000 per month. If HDB raised the income ceiling, as suggested by Mr Song, developers could correspondingly set higher prices for DBSS flats.HDB would like to remind buyers there is a wide variety of flats available, of different sizes, finishes and prices. DBSS is
I’m still seeing a lot of signs these days that America’s love affair with housing is alive and strong. However, is the love a “good” kind of love (think “This Old House”) or is it a “bad,” money-based one (á la “Flip This House”). Personally, I believe our infatuation with real estate is [...]
Source: Bangkok Post
Company expecting robust 2008 growth - Transport links boost property
The listed developer Sansiri Plc (SIRI) plans to develop 300 units of high-end single houses worth 5.4 billion baht next year with an investment of around 800 million baht for new land plots in the Srinakarin, Ekamai-Rarm Intra and Kallapapruek areas, says Samatcha Promsiri, [...]
by Mike Wiegert
Regardless of anyone’s political contentment or not, it’s undeniable that the Federal government is concerned about the housing and mortgage credit crisis. Two new bills...
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