This reporter no longer writes for the WORLD PROPERTY CHANNEL. Listed below is an archive of all prior stories.
In an article posted on World Property Channel last September -- Strategic Defaults Threaten All Major US Housing Markets -- I discussed the growing threat that so-called "strategic defaults" posed to major metros which had experienced a housing bubble.
In an article posted in June, I warned that a home price collapse in the New York borough of Queens was almost certain to occur. Let's take another look at Queens to see if there is any new evidence to support this assertion.
In my last article, we examined the shadow inventory to determine how many distressed properties (not on MLS) were almost certain to be forced onto the market in the not-to-distant future. For a sensible follow up, let's take an in-depth look at so-called "strategic defaults"
Much has been written about the so-called "shadow inventory" since the term was first coined a few years ago. Some analysts and commentators have argued about whether it even exists. Let's take an in-depth look at this shadow inventory and see whether it really is a threat to housing markets around the country.
In a previous REAL ESTATE CHANNEL article, I discussed the madness of borrowing through home equity lines of credit (HELOC) during the bubble years.
There is a far-reaching change occurring now which threatens housing markets around the country. A survey conducted by Harris Interactive for the National Apartment Association in May 2010 found that 76% of those surveyed now believe that renting is a better option than buying
In a previous REAL ESTATE CHANNEL article, I pointed out that there were two main props supporting the housing market now. We examined the first one in detail - the banks withholding most foreclosed homes from the market.
In 2000, an 81-year old widow named Wenonah Blevins had fallen behind by $814.50 on homeowners association (HOA) assessments in her Houston, TX subdivision.
With the expiration of the first-time buyer tax credit on April 30, there are now two main props keeping the housing market afloat. One is the growing percentage of home sales financed by Federal Housing Administration (FHA) loan guarantees.
In the last 18 months, the commercial real estate market has seriously deteriorated. Yet many analysts are hopeful that the worst is over and that pressure on property owners will begin to ease. Let's take an in-depth look at whether their optimism is justified.
Many commentators continue to describe the housing market in Queens as surprisingly resilient. Hardly any has warned of a possible collapse. Is this a disservice to both sellers and buyers?
During the four key years of the housing bubble - 2003-2006 - an incredible number of mortgages were refinanced.
After several years of resisting short sales, the major banks have finally changed course. They have concluded that encouraging defaulted borrowers to pursue a short sale is preferable to waiting for the owner to leave, ...
Fairfield County in Connecticut is sometimes called the "Gold Coast" because it has one of the highest median household income levels in the nation.During the housing bubble years of 2004-2006, home prices soared throughout the county. While it has suffered...
In the first two parts of this three-part series, we examined how a speculative mania had engulfed the housing market during the bubble years of 2004-2005 and then how it was financed by a total collapse in lending standards by the mortgage industry.
(WESTPORT, CT) -- In the first article of this three-part series, we examined how a speculative mania had propelled the creation of a housing bubble in 2004-2005. In this report, we will describe how it was fueled by absurdly easy financing terms. Who Could Say No to These Terms?
There are some who continue to believe that Long Island has managed to avoid the collapse that flattened other bubble housing markets. This view may be little more than wishful thinking.Take the town of Great Neck in Nassau County. Between...
(WESTPORT, CT) -- It was the summer of 2004. People were camped out in Hollywood, Florida for the chance to buy one of the 285 units in a condo development called Radius. All of them sold out in 10 hours - half a year before construction was scheduled to begin.
(WESTPORT, CT) -- The media has almost completely overlooked one of the most important aspects of the housing debacle. What has been disregarded is the key role that investors and speculators played in creating the housing bubble and exacerbating the collapse.