Florida Capital Named Baby Boomers Favorite

The capital of Florida has been named the favorite U.S. city for baby boomers to retire by a Washington based economics research group.  Tallahassee, Florida won out over 20 other cities considered for the prestigious award as the ideal place to retire. The southern city was selected after researchers considered a combination of factors, including climate, cost of living, available health care and other priorities. The Washington Economics … [Read more...]

Florida Capital Named Baby Boomers Favorite

The capital of Florida has been named the favorite U.S. city for baby boomers to retire by a Washington based economics research group. Tallahassee, Florida won out over 20 other cities considered for the prestigious award as the ideal place to retire. The southern city was selected after researchers considered a combination of factors, including climate, cost of living, available health care and other priorities. The Washington Economics … [Read more...]

Home Sales to Soar in 2012

By Mike Colpitts Home sales are already picking up in many areas of the U.S. and are forecast to increase even more in 2012 as pent-up buyer demand plays a critical roll in the housing market recovery. Improving market conditions in the Mid-West and Upper Northern regions of the country are expected to spread into other areas by Housing Predictor analysts. However, the housing recovery is projected to take a number of years to develop as … [Read more...]

Foreclosures Forecast to Hit 15 Million Homeowners

By Kevin Chiu The foreclosure crisis has produced an overpowering series of affects across the U.S., destroying businesses, taking away livelihoods, tossing millions of homeowners out of their homes and pressuring home prices in the over-whelming majority of neighborhoods lower. The crisis, first forecast by Housing Predictor almost five years ago as the first real estate research firm to forecast the mess, has had a devastating impact on … [Read more...]

BP Oil Spill Triggers Major Home Value Loss

By Mike Colpitts A study of home sales in Louisiana, Alabama, Mississippi and Florida along the Gulf of Mexico shows that home values have fallen an average of 15% so far as a direct result of the BP oil spill. The devastating impact from the massive oil spill has also contributed to the growing foreclosure crisis in the region with tens of thousands of people losing employment as a result of the mess. The study, conducted by Housing … [Read more...]

Huge Downgrade in US Housing Market

By Mike Colpitts Buffeted by high unemployment and weak consumer sentiment, housing markets are encountering sluggish home sales in the midst of what is typically the busiest home buying season of the year. Home sales should see an improvement towards the end of summer, but the average US home is projected to decline 7.1% in value in 2011, a major downgrade since earlier this year. The U S is on the verge of another decline in real … [Read more...]

Spring Home Sales Decline

By Mike Colpitts Hindered by financing problems and weak consumer confidence, existing home sales declined in May, falling 3.8% to a seasonally adjusted annual rate of 4.81 million units, and are more than 15% behind last year’s pace, according to the National Association of Realtors. The slowdown in sales comes at a time when growing doubts about the U.S. economy recovering from its worst recession since at least the Great Depression … [Read more...]

America’s Watchdog to Rescue Disaster Victims

By Mike Colpitts An organization that gained national fame for helping homeowners and businesses in natural disasters, including Hurricane Katrina is offering free aid to homeowners and businesses that suffered property damage or were destroyed in the series of tornadoes that tore through the south-eastern corridor of the U.S. America's Watchdog is coming to the rescue of disaster victims in hurricanes, tornadoes and other natural … [Read more...]

Disaster Housing Relief Provided in 8 States

By Mike Colpitts As anxieties rise with the floodwaters along the mighty Mississippi River and residents flee for higher ground, the U.S. government is gearing up for the largest disaster aid commitment it has ever made. The Federal Emergency Management Agency has already dedicated funds to help disaster victims in eight states, including immediate foreclosure relief and funds for temporary housing. Eight Alabama counties have been … [Read more...]

U.S. May Dump Homeowner Aid

By Mike Colpitts Little government aid is available to homeowners struggling to hold on to their homes caught in the grip of economic hardship, according to a leading attorney who is spearheading legal action against seven of the nation's largest banks in the foreclosure crisis. Attorney Philip Kramer, whose firm Kramer-Kaslow of Calabasas, California has filed mass joiner lawsuits against Bank of America, Wells Fargo Bank, CitiBank, and … [Read more...]