Archives for February 2009

Moving on a Budget

If you're one of the approximately 50 million Americans moving this year, you probably don't want to spend a fortune to get from point A to point B. With a little planning ahead, it's possible to execute a do-it-yourself move without breaking the bank. According to the U.S. Census Bureau, about 16 percent of all moves are work-related -- moving to find a new job or to be closer to a current job. Whatever your reason for moving, you don't have … [Read more...]

How to Fix Housing

By Mike Colpitts Editor When a surgeon goes in with a scalpel to cut he goes directly to the problem area to take out the cancer. The doctor cuts out the bad area and stitches the skin back up to heal. With all of its debate, it's no different in real estate. The poison loans we hear so much about as toxic assets need to be cleaned up in order to fix housing markets. The cancer in this case may be as many as 5-million home mortgages that … [Read more...]

Home Bankruptcies Soaring

By Chris Tyler Consumer bankruptcy filings are already topping the near record pace set in 2008 this year as a result of the real estate crisis, and the number of consumer bankruptcies may set a new record in 2009. The fall out from the credit crisis, triggering the epidemic of foreclosures has homeowners scrambling to protect assets. National Bankruptcy Research Center numbers show consumer bankruptcy filings for 2008 were 1,064,927, … [Read more...]

Smoke and Mirrors Fade

By Mike Colpitts Suddenly and awkwardly America is losing the smoke tint blurring its rose-colored glasses. The great U.S.A. is suffering through the pain of the worst financial meltdown since the Great Depression, triggered by the shenanigans on Wall Street and the banking industry. As millions more are thrown out of work, consumer goods are stock-piled in warehouses and millions of homeowners are evicted from their homes in foreclosure, … [Read more...]

Recovery Likely to Take Decade

The housing market recovery is likely to take a decade or more before strong home appreciation is evident in the majority of the country, according to the latest analysis by Housing Predictor. The credit crisis triggered by the foreclosure epidemic will be followed by a deflationary cycle in commercial real estate compounding the turmoil in the national economy. There are reasons for homeowners to be discouraged about their home values … [Read more...]