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Panel Examining Recession's Causes Meets in Vegas Wednesday, September 8, 2010 @ 12:43PMFederal commission meets experts, public in Las Vegas to examine causes of Great Recession Nevada - United States - Las Vegas Nevada - Counties - Clark
Strong month can't revive Hawaii home sales Wednesday, September 8, 2010 @ 12:27PMSept. 08--While single-family home and condominium sales soared on the Big Island and Kauai last month, the residential real estate market still has not recovered from a significant drop in neighbor island transactions during the past few years.
Construction laborers and other real estate workers transfer their skills to new jobs Wednesday, September 8, 2010 @ 12:26PMSept. 06--In 2007, a booming construction industry employed about one in every 15 workers in South Florida, a total of more than 160,000 people.
Bad Math - Why The Bullish Case Doesn't Add Up Wednesday, September 8, 2010 @ 11:49AMStocks are up and investors are becoming increasingly bullish. A "back to the basics" approach however shows that the math supporting the bullish case simply doesn't add up.
International Forecaster September 2010 (#3) - Gold, Silver, Economy + More Wednesday, September 8, 2010 @ 10:44AMThe following are some snippets from the most recent issue of the International Forecaster. For the full 28 page issue, please see subscription information below.
Dirt Poor Echo Boomers May Find Cheap Cribs In Burbs, Shun Urban Living Wednesday, September 8, 2010 @ 10:36AMThis twenty-something Generation Y crowd has been hard hit by the recession. Nonetheless, they are poised to redefine the American dream for generations to come.
Judge accused of misconduct in bankruptcy Tuesday, September 7, 2010 @ 8:02AMAssociated Press - September 7, 2010 8:45 AM ET OKLAHOMA CITY (AP) - The Oklahoma County judge who stepped aside from a pharmacist's murder case and was accused of misconduct is in...
9 Of The Strangest Homes In America: Zillow (PHOTOS) Tuesday, September 7, 2010 @ 8:01AMThe housing market is still slumping underneath the weight of foreclosures, a stagnant job market and skittish consumers. If you're looking for a decidedly alternative approach to home-buying, we may have some options for you.
Bond Lemmings Headed For The Cliff Tuesday, September 7, 2010 @ 7:55AMFor 28 years it's been hard to lose money in bonds but that's about to change.
AP analysis: Economic pain failed to ease in July Tuesday, September 7, 2010 @ 7:38AMAmericans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country. Nationally, unemployment, foreclosure and bankruptcy rates didn't budge from... Foreclosure - Bankruptcy - Unemployment - United States - Associated Press
16th Annual Search Under Way for Arizona's Top Youth Volunteers Tuesday, September 7, 2010 @ 7:34AMPHOENIX--(BUSINESS WIRE)--Over the past 15 years, Prudential Spirit of Community Awards have been given to more than 1,650 middle and high school students across Arizona for helping the less fortunate, promoting health and safety, protecting the environment, and serving their communities through many other volunteer activities. This week the search begins to identify more young Arizonans who ...
16th Annual Search Under Way for Arizona's Top Youth Volunteers Tuesday, September 7, 2010 @ 7:01AMPHOENIX----Over the past 15 years, Prudential Spirit of Community Awards have been given to more than 1,650 middle and high school students across Arizona for helping the less fortunate, promoting health and safety, protecting the environment, and serving their communities through many other volunteer activities.
Mayoral race heats up before Sept. 14 primary Monday, September 6, 2010 @ 9:57PMBy: Claire Peracchio On the eve of a hurricane last Thursday, the four Democratic candidates for mayor stood onstage at the Rhode Island School of Design to debate their ideas for fixing Providence. and nbsp; ...
Defaults surge in Kern on eve of commission hearing Monday, September 6, 2010 @ 9:43PMDefault notices were up sharply in August after having dipped lower for a time, numbers from the Kern County Recorder's office show, providing an unsettling spike on the eve of the federal Financial Crisis Inquiry Commission's hearing Tuesday in Bakersfield.
The Secret to Real Estate Success: Wear a Red Shirt Monday, September 6, 2010 @ 1:23PMRISMEDIA, September 7, 2010—There’s a story told about Andrew Carnegie, the steel industry magnate of the late 1800s and early 1900s. According to the story, Carnegie was in the process of inspecting one of his steel mills from a catwalk…
Online Marketing Strategies: Lights, Camera…Now What Do I Talk About? Monday, September 6, 2010 @ 1:08PMRISMEDIA, September 7, 2010—When it comes to online marketing, video is the undisputed leader for efficiency and effectiveness. But, technology is only half the formula. The other half is content. And therein lies the problem for many agents and brokers.
HUD Shares Plans for New Reverse Mortgage Option Monday, September 6, 2010 @ 1:08PMRISMEDIA, September 7, 2010—The Federal Housing Administration (FHA) announced that it intends to make modifications to its Home Equity Conversion Mortgage (HECM) product, a reverse mortgage loan insured by the federal government, to make it more attractive and cost effective…
Myrtle Beach Welcomes New Oceanfront Condominium Sales Company - CENTURY 21 Strand Group Monday, September 6, 2010 @ 10:50AMStrand Capital Group is pleased to announce the opening of Myrtle Beach’s newest oceanfront condominium real estate sales company. Strand Group is now doing business as CENTURY 21 Strand Group and has become the area’s newest and fastest growing real estate sales company with $15 Million in sales in its first 120 days of operations.
Apartments go belly up, too Monday, September 6, 2010 @ 4:13AMHomeowners aren't the only ones wrestling with foreclosure. A growing number of central Ohio apartment complexes are being repossessed, too.
Plenty of Whatcom County economic activity during the dog days of August Monday, September 6, 2010 @ 2:26AMWhile the Northwest Washington Fair and the summer vacations are the focus of many Whatcom County re
Software startups help investors peruse foreclosures Monday, September 6, 2010 @ 2:07AMEvery week, real estate investors dart all over Denver seeking distressed properties to buy at bargain prices. Their efforts culminate with the weekly foreclosure auction at the Webb municipal building.
Former housing industry workers transfer their skills to new jobs Sunday, September 5, 2010 @ 9:00PMIn 2007, a booming construction industry employed about one in every 15 workers in South Florida. Three years later, it's one out of 24. Six workers who once had building-related jobs tell how they are making the transition.
Ex-bank manager, recruiter charged in Boston loan case Saturday, September 4, 2010 @ 5:14AMA former Bank of America Corp. branch manager and a Virginia-based real estate recruiter were charged with wire fraud in federal court in an unfolding case of an alleged long-running mortgage fraud scheme that led to foreclosures and abandoned buildings in Dorchester and Roxbury, the US attorney’s office confirmed yesterday. United States - Real estate - Boston - Wire fraud - Mortgage fraud
Rob Samouce: New 2010 homeowners’ association laws enacted Saturday, September 4, 2010 @ 5:00AMNew 2010 homeowners’ association laws enacted
Franklin County primary election scrutinized Saturday, September 4, 2010 @ 3:37AMPASCO -- Experience didn't give Democratic Franklin County incumbents an edge in the August pri
ANALYSIS: Obama running out of options to aid housing market Saturday, September 4, 2010 @ 3:08AMA further downturn in the battered US housing market has put the Obama administration in a tough spot with few tools to stem foreclosures ahead of congressional elections in which Democrats face big losses.
Scotts Bluff County is not immune to foreclosures Saturday, September 4, 2010 @ 1:39AMRequest a three-month list of home loan defaults from the Scotts Bluff County Register of Deeds and you’ll get a list of more than 75 homes. Foreclosures aren’t just hitting Phoenix, Detroit and Los Angeles, but are here at home as well.
Sonoma County home building on hold Saturday, September 4, 2010 @ 12:55AMPermits for new single-family homes in Sonoma County are down 40% from last year, and a ‘long, slow, tortuous path' to recovery is foreseen.
Foreclosures mount in Idaho Saturday, September 4, 2010 @ 12:13AMHome foreclosures are climbing in the Northwest and Midwest, areas that had earlier dodged the worst of the mortgage crisis, according to real-estate data firm RealtyTrac.
Jeff Greene files libel lawsuit against Miami, St. Pete newspapers Thursday, September 2, 2010 @ 6:15PMPalm Beach billionaire Jeff Greene accused The Miami Herald and St. Petersburg Times in a libel lawsuit filed Wednesday of orchestrating a ``plan to assassinate [his] character'' that cost him the Democratic primary for the U.S. Senate in Florida.
There Are Still Plenty of Reasons to Buy a Home Thursday, September 2, 2010 @ 5:07PMMarke Hallowell and his fiancee, Allison Firmat, with their daughter, Grace, in Mission Viejo, Calif., Aug. 26, 2010. Hallowell and Firmat are in the market for a condo in southern Orange county, Calif., and are thinking conservatively as they look for a new home.
Hypo Real Estate's Collapse on the Slopes Thursday, September 2, 2010 @ 4:45PMDevelopers of 19-acre Snowmass Village in Colorado are suing the German bank, which imploded after investing billions in projects during the property bubble
Arvest Bank files suit against Remy family Thursday, September 2, 2010 @ 4:23PMArvest Bank has joined the list of financial institutions suing the Remy family of real estate investors with a move to foreclose on two undeveloped tracts of land.
HUD Announces First Look Program to Help Communities Stabilize Neighborhoods Hard-Hit by Foreclosure Thursday, September 2, 2010 @ 3:53PMRISMEDIA, September 3, 2010—U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced an unprecedented agreement with the nation’s top mortgage lenders to offer selected state and local governments, and nonprofit organizations a “first look” or right of first…
5 Doomsday Scenarios for the U.S. Economy Thursday, September 2, 2010 @ 2:11PMEach with a central culprit: housing, consumers, toxic assets, Europe, and the deficit. United States - Economy of the United States - European Union - Economic growth - Stock market
As Foreclosures Trickle Up, Hamptons Home Goes to Auction Thursday, September 2, 2010 @ 12:48PMA Hamptons home heads for the auction block as foreclosures trickle up.
Why Obama's mortgage-relief program failed Tuesday, August 31, 2010 @ 7:13PMAt age 64, Brenda Reed of Lafayette is reaching a point in life when most of us expect to rest on our accomplishments. Instead, she faces starting over from scratch as she braces to lose her home through foreclosure. "It's pretty grim. I'm going to have to figure out plan B," she says. "A...
Housing will be banks' next sore spot Tuesday, August 31, 2010 @ 7:09PMCanada’s housing market was a key source of strength that shielded the banks from the financial crisis but a flurry of recent warnings about a market bubble is raising concerns the vast mortgage holdings on bank balance sheets is about to become a millstone
Phoenix aiming to ease foreclosure-home blight Tuesday, August 31, 2010 @ 6:56PMA new program to lessen the blight from too many vacant and neglected foreclosure homes is being tested in west Phoenix.
Double dip in housing? Probably not Tuesday, August 31, 2010 @ 6:16PMIn mid-August, Realtors in Salt Lake County and around the nation announced July was a dismal month for home sales some saying the worst in over a
Foreclosures soar nearly 80 percent Tuesday, August 31, 2010 @ 5:39PMForeclosures jumped almost 80 percent in July from a year prior, with more than 1,200 logged in Massachusetts.
Where the sales are Tuesday, August 31, 2010 @ 5:21PMNews of a recent 27 percent drop in housing sales in July has captured headlines across the country and painted a gloomy outlook for the nation's economic recovery, but the news is not all doom and gloom for every part of the country.
Mixed foreclosure outlook Tuesday, August 31, 2010 @ 5:01PMNew foreclosure statistics paint a mixed picture of the states economic recovery.
Reports offer conflicting views on risk of housing bubble Tuesday, August 31, 2010 @ 4:51PMHome prices that continue to inflate even as sales and construction activity fall sparked conflicting views in two new reports Tuesday over whether the Canadian housing market has become a precarious bubble that could burst at any time.
Ariz. revenue up in July but only due to tax hike Saturday, August 28, 2010 @ 5:09AMPHOENIX (AP) — State budget analysts say Arizona's July tax collections rose by 8.6 percent from the previous year but would have been 4.5 percent lower if it weren't for the temporary sales-tax increase approved by voters in May. The Joint Legislative Budget Committee staff also reports that revenue in the fiscal year that ended June 30 declined by 10 percent, making the 2009-2010 fiscal year ...
$15 million pledged to kick-start Weinland Park area Saturday, August 28, 2010 @ 4:36AMA new group is working to rejuvenate the Weinland Park neighborhood north of Downtown by pledging at least $15 million to develop housing in the area plagued by crime, foreclosures and vacant houses.
CB&S Bank faces FDIC order Saturday, August 28, 2010 @ 3:45AMBy Mike Goens Managing Editor Federal Deposit Insurance Corporation officials have ordered CB&S Bank to increase its capital and reserves and revamp its lending policies and procedures, bank officials said Friday.
Solano County homes 'under water' at 58% rate Saturday, August 28, 2010 @ 3:30AMThe number of Solano County homeowners owing more on their homes than they're worth is down, but still nearly 58 percent of all residential properties with a mortgage here are "under water," a new real estate industry report reveals.
Foreclosures of million-dollar-plus homes on the rise Friday, August 27, 2010 @ 10:18PMThe number of homes in the $1-million-and-up slice of the market that have become bank owned has tripled during the last three years in Los Angeles County, and the trend has shown little sign of slowing. Foreclosure is blind.
Will housing or your credit heal first? Friday, August 27, 2010 @ 7:47PMIf you give up your 'underwater' house, your credit might recover faster than your home value ever would have. But here's why it could be worth sticking it out.