Real Estate Crisis

Bay Area Sees Drastic Increase in Foreclosure Homes, Experts Prepare for the Worst

Following the national trend in the rising rate of foreclosure homes, the East Bay region of the San Francisco bay area in California saw a 120% climb in the amount of foreclosure homes on the market in the fourth quarter of 2007. Numbers of foreclosure homes on the market are now at record highs in many parts of the Bay Area, and with more foreclosure activity expected in 2008, many are worried. (Continue reading)

A Slumping Real Estate Market Leads to a Slumping Economy

It’s no secret that the real estate market in the United States has been headed downhill for quite some time. While the problem can’t be pinned on any specific event or person in the past, it is easy to decipher how the housing bubble expanded and then collapsed again so quickly during the past ten years. (Continue reading)

As the Foreclosure Crisis Deepens, Mayors and City Officials Shouldering the Burden

As more and more abandoned homes begin to crop up in urban areas across America, Mayors and city officials are becoming acutely aware of the problems that foreclosure homes are raising in their cities. With 2007 experiencing new highs in the nationwide foreclosure homes rate and experts predicting even more new foreclosure homes to come onto the market in 2008, municipal authorities are bracing themselves for the economic and social impacts that these new foreclosures will have on their cities. (Continue reading)

Milwaukee Already Seeing Staggering Increase in Foreclosures for Sale in First Three Weeks of 2008

With experts everywhere predicting to see even more foreclosures for sale in 2008 than 2007, it seems that the first signs of this trend are proving them correct, especially in Wisconsin. The Milwaukee Journal Sentinel reports that during the first 3 weeks of 2008, over 1,000 foreclosures for sale have already been registered and scheduled in Milwaukee County, the most populated region of the state. (Continue reading)

Hawaii Foreclosure Properties: A Good Chance to Invest in a Market with Stable Property Values

Hawaii is often overlooked when it comes to foreclosure properties. For starters, a lot of real estate and foreclosure properties news in Hawaii escapes the attention of major media here in the continental United States. Its isolated location and insular market often result in market trends and climates that don’t reflect national trends, and it can sometimes escape the influence of what’s happening in other states. (Continue reading)

Despite Near record Foreclosure Listings Filings in 2007, Foreclosure Crisis Expected to Deepen in 2008

While the year 2007 saw more foreclosure listings come on the books in most states than in any previous years of the recent foreclosure boom, experts are now saying 2008 is primed to be even worse, and that the foreclosure listings epidemic is far from over. (Continue reading)

White House to Congress: “Act Quickly”

With the foreclosure crisis still causing havoc to the housing market, President George Bush promised to push Congress to act quickly on key legislation. Some of the laws will immediately have an impact. These include making refinancing more affordable and easier for distressed homeowners; and stopping predatory lending. (Continue reading)

Foreclosure Hotline Cries for Help

Last year, the Bush administration launched a foreclosure relief program that included an interest rate freeze for borrowers with current mortgage payments. The said rate freeze will last for five years. To assist homeowners seeking shelter under the relief program, the nonprofit organization Hope Now Alliance has opened its doors. (Continue reading)

Arizona Sees Troubling Rise in Foreclosures

As the foreclosure crisis nationwide worsened during 2007, many states saw their inventories of foreclosures reach new heights, and Arizona, which has long been one of the states most troubled by the foreclosure surge, was no exception. (Continue reading)