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- U.S. Foreclosures Surge 57% - Bank Reposessions Double
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US Foreclosures Jump 57% as Homeowners Walk Awayby Bloomberg - snips:US foreclosure filings jumped 57% and bank repossessions more than doubled in March from a year earlier as adjustable mortgages increased and more owners gave up their homes to lenders….
Original Source: feeds.feedburner.com/nychousingbubble
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16 April, 2008| housingblogs |
Comments (0) @ 23:47
- L.A. County home sales by ZIP code
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Progress comes slowly, but it comes. Many of you have asked for an online version of the monthly DataQuick home sales charts that show home sales trends by ZIP code. The March sales chart for Los Angeles County is now on the LATimes.com website for all to peruse, analyze, and argue over. I look forward to reading your analysis in the comments section.
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Original Source: feeds.latimes.com
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16 April, 2008| housingblogs |
Comments (0) @ 23:47
- People Really Need To Sell Their Homes In California
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The Press Enterprise reports from California. “The spring buying season got off to a weak start last month, with home prices dropping faster in Riverside and San Bernardino counties than anywhere else in Southern California and sales continuing to plunge year over year. In Riverside County, the median home price dropped more than 27 percent in a year to $306,250 last month, which was the lowest it has been since March 2004.”
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Original Source: thehousingbubbleblog.com
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16 April, 2008| housingblogs |
Comments (0) @ 23:43
- Dreaming On The Oregon Coast
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Located in Nehalem Oregon, Hilltop Estates is offering multiple incentives to entice buyers to buy one of their overpriced homes. Check out the incentives:…
Original Source: bp1.blogger.com/_oV8ecn5wrfg/R__frgcmUR
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16 April, 2008| housingblogs |
Comments (0) @ 23:39
- Green Depot to Greenport
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Headquartered in Brooklyn on the western end of Long Island, the Green Depot expands to the eastern end this summer when it opens a showroom in Greenport.
The supplier of environmentally-friendly and sustainable building products already has stores in Brooklyn, Newark, Philadelphia and Boston, and sees a demand for green building products on the East End.
The two-level, 1,400-square-foot Greenport Green Depot will be located on County Road 48, and will feature a design center for green building solutions, including healthy home products, safe paint, soy foam insulation and organic cleaning supplies.
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Original Source: spacedoutli.wordpress.com
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16 April, 2008| housingblogs |
Comments (0) @ 23:21
- HIP takes 47,000 SF
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The Health Insurance Plan (HIP) of New York leased 47,000 square feet — the entire second floor — at 1991 Marcus Avenue in Lake Success to build a medical center scheduled to open this fall.
HIP is relocating from offices in two nearby buildings on Lakeville Road. The 20-year lease, at $42 per square foot includes electric, was brokered by Sholom & Zuckerbrot Realty in Long Island City.
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Original Source: spacedoutli.wordpress.com
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16 April, 2008| housingblogs |
Comments (0) admin @ 23:20
- NJ: March unemployment steady at 4.8%
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From the NJ Department of Labor and Workforce Development:
Employment Level Relatively Unchanged in March Unemployment Rate Held Steady Over the Month
New Jersey’s employment was virtually unchanged in March as employers added 1,000 workers to their payrolls. New Jersey’s unemployment rate held steady at 4.8 percent. The United States rate increased to 5.1 percent in March from 4.8 percent in February.
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Original Source: njrereport.com
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16 April, 2008| housingblogs |
Comments (0) @ 23:02
- State Economy Continues to Slow
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According to the latest data, it looks like the state economy is slowly catching up to the unwinding national economy.
More than 3,000 jobs were lost in Washington last month, pushing the unemployment rate to 4.9 percent, up from a near record low of 4.5 percent in February, the Employment Security Department said Tuesday.
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Original Source: feeds.feedburner.com/SeattleBubble
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16 April, 2008| housingblogs |
Comments (0) @ 22:34
- Bitter? Angry? Confused? You bet.
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The man from Chicago said small-town Americans (or is it just small-town Pennsylvanians?) are bitter, so now we are discussing elitism, populism, guns and churches.This post is about none of those things. It’s about bitterness, anger and confusion over the government response to the housing slump.
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16 April, 2008| housingblogs |
Comments (0) @ 21:18
- SoWhat Affordable Housing Isn’t Going To Happen
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From the Oregonian:In 2003, when Portland city leaders brokered plans for the $2 billion South Waterfront development, they pledged that the new, taxpayer-supported district would offer housing for everyone, not just the rich.Five years later, that hasn’t happened.Under the deal, work on the first affordable apartment building was scheduled to finish by December 2006.T…
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16 April, 2008| housingblogs |
Comments (0) @ 20:48
- Vintage
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Another day, another market crushing REO. I have to wonder when the knife catchers will start to realize there is a steady flow of these properties entering the market. It isn’t like you need to buy this one because it is the only good deal in the market, and it isn’t going to be the only one we will see in the future. In fact, as each one of these comes on the market, they lower the comps and cause a whole new wave of foreclosures as all the overextended homeowners in the area lose their ability to refinance. We are witnessing the first stage of the market’s downward spiral.
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Original Source
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16 April, 2008| housingblogs |
Comments (0) @ 20:30
- Disgruntled, Angry Owners And The Virtual Casino
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Some housing bubble news from Wall Street and Washington. MarketWatch, “Housing starts plunged in March to the lowest level in 17 years. Home starts by U.S. home builders plunged 11.9% to a seasonally adjusted annual rate of 947,000 in March, the Commerce Department reported Wednesday. Starts were down 36.5% compared with March 2007. Read full government report. Also, building permits dropped 5.8% to 927,000 in March, 40.9% below the same month a year ago.”
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Original Source: thehousingbubbleblog.com
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16 April, 2008| housingblogs |
Comments (0) @ 19:55
- When the broker won’t quit: An e-mail exchange
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A reader writes to complain about a real estate broker who wouldn’t take no for an answer, and to pass along their e-mail exchange. In the exchange, she’s trying to get herself removed from his e-mail list of houses for sale. He’s … well, you decide what he’s trying to accomplish:READER to BROKER:PLEASE REMOVE ME FROM THIS LIST!!! Thank you ~BROKER’S RESPONSE:We can remove you from this list, but may we first ask why you are choosing to unsubscribe?…
Original Source
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16 April, 2008| housingblogs |
Comments (0) @ 19:13
- Fed’s Beige book: "Noted slowing of economic activity"
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From the Fed’s Beige Book: Consumer spending was characterized as softening across most of the country, with some Districts reporting year-over-year declines in retail and/or auto sales. …Reports on real estate and construction were generally anemic for the residential sector; activity in the commercial sector has slowed. On Real Estate and Construction: H…
Original Source
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16 April, 2008| housingblogs |
Comments (0) @ 19:05
- Where we stand
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Original Source: latimesblogs.latimes.com
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16 April, 2008| housingblogs |
Comments (0) admin @ 18:55
- Orange County Down 20% in one Year - It’s in the Bag!
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Dataquick gives us the skinny on Socal housing median prices:
All homes
Mar-07
Mar-08
%Chng
Mar-07
M…
Original Source: www.socalbubble.com
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16 April, 2008| housingblogs |
Comments (0) @ 18:48
- Psst… Obama… Dagger through the heart. That’s the only thing that’s gonna stop this monster. Enjoy the Dem debate tonight
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Should have all kinds of horrible housing gambler bailout plans to talk about tomorrow too…But enough is enough. This race ends in just a few days, and then the real one begins. Right? Right? In the end, I’ll miss Hillary. Like a bad rash. Sure has been entertaining though….
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16 April, 2008| housingblogs |
Comments (0) @ 18:10
- 1Q 2008 Long Island/Queens Market Overview Available For Download
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The 1Q 2008 Long Island/Queens Market Overview [pdf] that I author for Prudential Douglas Elliman [PDE] is available for download. We took over the preparation of this market area study for them in 2Q 06.
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Original Source: www.millersamuel.com
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16 April, 2008| housingblogs |
Comments (0) @ 18:01
- JPMorgan: Conference Call Comments
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From the Q&A: (hat tip Brian)No stabilization in home equity portfolio:Analyst Question: Just a question on whether you’re seeing anything that would give you some signs of stabilization of the loss and delinquency rates in the home equity portfolio?JPM: No, it’s exactly what we saw, higher, more houses are going negative equity, roll rates are high, home prices we expect to still go down. We have not seen it.A…
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16 April, 2008| housingblogs |
Comments (0) @ 17:53
- A New Web Tool For House Hunting: Trulia.com
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Posted By:Diana OlickFor those of you who spend your lunch hours (and your work hours) trolling the real estate pages to see what’s new, what’s for sale, what’s cheap, what’s cheaper and what’s in foreclosure, I want to turn you on to a new tool. …
Original Source: www.cnbc.com
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16 April, 2008| housingblogs |
Comments (0) @ 17:07