In the second quarter of 2010, a surge of foreclosures smashed homeownership levels, pushing the home ownership rate across the United States down to 66.9 percent, which is the lowest in over a decade, according to the U.S. Census Bureau. Some experts attribute the foreclosure surge to the acceleration of the foreclosure process by lenders, with 269,962 homes being seized Read full article »
Tag archives for Second Quarter
Rising Home Prices Likely to Lead to Fewer Defaults in Coming Months
In California, the rate of defaults on loans is the lowest that it has been in nearly 3 years. That’s great news for California homeowners, and it’s likely to be a self-feeding cycle, says San Diego real estate research firm MDA DataQuick. The results of recent data analysis indicate that second-quarter 2010 notices of default are down 13.6%, and that Read full article »
category: Real Estate News
Real Estate & Financial News – What It REALLY Means
I was recently checking my twitter account when I discovered a really interesting article called "The Hunt For Real Recovery". This article focused on a lot of the financial and government reports we hear about each week, and whether those reports tend to reflect the past or predict the future. Being an eternal optimist, I tend to believe there is a huge Read full article »
category: Main Content, Real Estate News
tags: Aggregate, Arenas, Business Conditions, Contraction, Credit Availability, Decline, Disarray, Divergence, Economic Viewpoint, Eternal Optimist, Financial News, Government Reports, Gross Domestic Product, Gut Feelings, Housing Starts Data, Job Losses, National Federation Of Independent Businesses, Personal Income, Reo, Second Quarter
73% OF THE BLAME —> Florida & California Foreclosures
Some hard numbers have come out today from the Mortgage Banker's Association that shed a LOT of light on the foreclosure data. All that we hear is how much foreclosures are rising and how truly bleak the U.S. real estate market is. But the specific numbers tell a different (and better) story. It is true: Foreclosures are still rampant on a nation-wide Read full article »
category: Real Estate News
Fannie Mae’s Losses Triple – And Wall Street Yawns
Before I begin, allow me to reiterate that I'm fully aware this is a real estate blog and that many of the thousands of readers who visit these pages every day never, ever think about the stock market or the broader economy and its impact on your real estate investment profits. But some events deserve special attention, and one of those Read full article »
category: Real Estate News
tags: Bad News, Credit Crisis, Debt Funds, Distressed Debt, Dow Jones, Dow Jones Industrial, Dow Jones Industrial Average, Emergence, Fannie Mae, Fannie Mae And Freddie Mac, Freddie Mac, Housing Market, Impending Collapse, Investment Profits, Market Downturn, Massive Losses, Money Managers, Mortgage Company, Real Estate Investment, Second Quarter, Smart Money, Stock Market
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.