Tag Archives: foreclosures

Brown Square Bullet Point

Well, no wonder the banks aren’t lending!

I have been seeing more and more evidence in the last several months of banks and their increasing unwillingness to lend or being downright slow when they will lend. We own a small rent property with a loan of $110,000 that the current bank no longer wants on their books. Well, they would keep it, [...]

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Interesting look at job losses since 2004

Here is a very interesting graphical look at job losses by MSA (a census term for Metropolitan Statistical Area) by month since 2004. Clearly not all places have been treated equally. This kind of information goes hand in hand with the Case-Shiller data. Those places with fewer job losses have experienced lower price declines. As [...]

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Residential Strategies Q1 2009 Custom Home Exec Briefing

Highlights from today’s lunch:Nationwide:- As I said previously today, nationwide new home starts are at all time (since 1959) lows- Both existing home and new homes sales are also at lows. Interestingly enough, they have both ticked slightly up recently – probably due to foreclosure sales.- National existing home inventory is at nearly a 10 [...]

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First quarter 2009 foreclosure data (with map)

Foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 803,489 properties in the first quarter, a 9 percent increase from the previous quarter and an increase of nearly 24 percent from Q1 2008. One in every 159 U.S. housing units received a foreclosure filing during the quarter. It seems [...]

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Map of 2008 Dallas Foreclosures

Here’s a very interesting Google mashup that shows all the Dallas area foreclosures by address. Simply pick the zip code of choice and it will show you all the dirty details. Enjoy! Link: Sources:2008 Dallas-Fort Worth Foreclosure Map

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Local Dallas foreclosure data

Don’t know how I missed this article. Postings for the February auction are down 8 percent compared with a year ago, Addison-based Foreclosure Listing Service Inc. said Thursday. That’s the first yearly decline for February postings in nine years, said George Roddy, president of Foreclosure Listing Service. “While this is one piece of good news, [...]

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Housing starts are way, way down…

…and this is a good thing. It’s a sign of the cyclical nature of our business. From an article in the Wall Street Journal comes data from the Commerce Department. Construction of new single- and multifamily homes sank 15.5% in December from the previous month to a seasonally adjusted annual rate of 550,000 units — [...]