July 29, 2008
NATIONWIDE
Construction of new homes continue falling nationally
It the direct aftermath of foreclosure crisis is hitting the housing markets, by flooding of foreclosure properties, the side-effect is bringing the construction industry to a grinding halt. When there are huge inventory of unsold homes, inevitably new home building had to take a back seat for want of buyers.
The downward economy saw to it that the demand for new homes dwindle, due to the resultant cash-crunch and consumers left with only meager amounts, to take care of their buying the day-to-day needs. From shopping malls to hotels and resorts, the financial strain is felt everywhere, whereby the revenues of all these outfits got thinning. Read More…
LENDERS & SERVICERS
What the research studies reveal about Strategic Default?
When the foreclosure problem is thickening by delinquencies of financially down home owners, there is also another phenomenon springing up recently. Those borrower-home owners, who can well-afford to pay the mortgage payments are refraining from doing so, on their own accord. These defaults are known as “Strategic Defaults” and are causing concern to the mortgage lending industry. Read More….
LUXURY HOMES
The Sleeper awaken by the Lender
Foreclosure threatens the luxury homeowners, again. Bayview Loan Servicing LLC made a foreclosure filing against the luxury home on 855 Visionary Trail, Golden, CO 80401. The address may sound very familiar to lots of people. They know the home that is located there as the "Sleeper House" or Sculptured House. The home, built by architect Charles Deaton in 1963 is a distinctive elliptical curved house that featured in the 1973 Woody Allen sci-fi comedy, Sleeper and since then it is inevitably linked to futurism and UFOs. Read More…
COMMERCIAL
Commercial property sales in San Francisco
Property selling, residential or commercial depends on location mainly. This is proved once again at San Francisco that its historic submarket – Jackson Square – saw to it a mixed-use commercial property, The Pansini building along with another building changed hands for a good price of $16 million put together, even in this not-so-bright commercial real estate market. Read More…
MARKET UPDATE – BAY AREA
Home values are rising again in Bay Area
A perusal of the market updates published in real estate-related sites, as well as trusted sources of financial market like the Wall Street Journal, shows the home prices in some of the major cities of the 9-county San Francisco Bay Area have gone up steadily, with uneven rebound in prices though. Read More….
Where the SF Bay Area heading in foreclosure perspective?
In the 9-county SF Bay Area housing market, the number of new foreclosure filings is coming down consecutively for the last few months. Different interpretations are being offered by market analysts, as to the direction the foreclosure trend is heading, as far as SF Bay Area is concerned. Read More…
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