Foreclosure and Economic Stress with One Optimistic Note

More Foreclosures, More Economic Stress

July 6, 2009

In what is starting to sound like a broken record, the end of the foreclosure moratorium will be met with much action, as loan defaults are up, along with unemployment and bankruptcies. The latest sign pointing this way comes from the Associated Press and its monthly report on economic stress in U.S. counties.

http://www.startribune.com/business/50017677.html

Could This Be A Future Foreclosure Map?

July 6, 2009

Here is the actual AP Economic Stress Index for May 2009, which displays some really neat data. One can see how following the dark patches leads to the areas of most distress and (consequently) the highest probability for investment real estate potential. If foreclosures do indeed spark still more reduction in housing prices, the deals will be in record territory for the right investors.

http://abcnews.go.com/Business/page?id=7613976

Another Bank-Owned Boom

July 6, 2009

BusinessWeek recognizes the strong possibility that more foreclosures are on the way, beginning a whole new cycle of high inventory—lower prices. Higher unemployment rates are another factor of concern.

http://www.businessweek.com/the_thread/hotproperty/archives/2009/07/get_ready_for_a.html

No Real Estate Boom? No Real Estate Bomb

July 5, 2009

Rural Florida panhandle counties (Calhoun, Gadsden, Holmes, Jackson, Liberty and Washington) are all suffering less economic stress in 2009 mainly because these places lacked the real estate boom times in the earlier part of the decade. In a snapshot that can be seen throughout the country, a lack of previous real estate speculation is one shelter against the current foreclosure waves.

http://www.sunnewspapers.net/articles/fnnews.aspx?articleID=11932&fnpg=0

SF Views Real Estate Market Optimistically

July 2, 2009

This is an interesting article that takes a positive spin on the same quarterly information that is making others fear another surge in foreclosures is right around the corner. The stability is seen mainly through the reduction of falling house prices.

http://www.sanfranciscosentinel.com/?p=33448