Tag Archives: foreclosures

The Reluctant Landlord

In his article in the Fort Lauderdale Sun Sentinel, Paul Owers writes about a subject quite familiar to those working in Destination Services: the reluctant landlord.  Due to the real estate crisis, many would-be home sellers across the United States owe much more than their property is currently worth and thus are unable to list […]…
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Study Reveals Tightest U.S. Apartment Market

Renting a home in the US is a process fraught with anxiety these days. With markets across the country reporting vacancy rates at record lows, cities have been in a race for who’s rental market can tighten the most over the last year. The results are in—the San Jose metropolitan area has clinched the title for 2011. […]…
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2012 – The Year of the Landlord

The face of the United States housing market is changing due to high unemployment, rising home foreclosures, and falling home prices for six consecutive quarters.  Will 2012 be the Year of the Landlord?  Yes, according to a recent report by Oliver Chang, an analyst at Morgan Stanley. Chang writes that “rents are rising, vacancies are falling, household formations […]…
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Foreclosures on the Rise

On October 24th, RealtyTrac, the nation’s top resource and foremost authority on the foreclosure housing market, released a report indicating that activity is once again on the rise.  Foreclosure filings were up 14% in Q3 over the previous quarter.  This serves as a warning that foreclosure properties will once again become commonplace in many markets. […]…
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The Downward Spiral Continues

The October 20th Wall Street Journal post by Dawn Wotapka and Alan Zibel provides further evidence that the housing market is not turning around yet. From the poor labor market to continued high levels of foreclosures/distressed sales and even tighter lending requirements, we are definitely not seeing signs of a turnaround in the near future. From a […]…
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Are Mortgage Industry Standards Hurting the Housing Market Recovery?

A recent article by Julie Schmit in USA TODAY relays some real-life examples where extremely tight lender standards impacted potential borrowers who only a few years ago would have experienced no issues and a smooth loan application process based on their credit scores, job history and economic situations.  The mortgage industry is understandably being very […]…
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Faster Foreclosures Are Needed

Kansas State University professor Eric Higgins recently released a study which shows that prolonging the foreclosure process is actually harming the housing sector; it drags the foreclosure process out and delays the chance for market recovery.  Higgins identifies the ineffectiveness of mortgage modifications as a postponing of the inevitable, as well as a link between the long foreclosure […]…
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Home Prices Drop into Double-Dip Territory

The recently published AP article Home Prices Drop into Double-Dip Territory does not paint a pretty picture. Home prices have reached the lowest levels in a decade, economists are expecting at least another 5% drop by year’s end, and even cities like Minneapolis that avoided the worst of the crisis are now experiencing sharp price […]…
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Renters finding landlords have upper hand in this market (The Seattle Times)

As vacancy rates dip below 5 percent, landlords are not only raising rents, but they are offering fewer concessions, such as short-term and long-term leases. By Elizabeth M. Economou Special to The Seattle Times Angi Ramos and her former college roommate Laura Waltner have been looking for months for a place to call “home.” They’ve […]…
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