Foreclosures

Foreclosures occur when homeowners cannot pay their mortgage. When a buyer receives a loan from a financial institution to buy a house, called a mortgage, and the buyer cannot pay the balance owing, the holder of the mortgage can initiate foreclosures against properties to recoup the money lent. Foreclosures have a negative effect on the overall market if there are large numbers, as the prices obtained on the open market are usually lower than sales not taken through the foreclosures process.


The housing market is receiving growing media attention as a place to invest. We are seeing an upward move in homebuilder stocks, as the optimism picks up. We are near a housing bottom, but I’m not convinced it will be…

Consumer spending remains fragile, impacting the retail sector and gross domestic product (GDP). The key drivers are employment and wealth generation from such sources as stocks and housing. In the retail sector space, sales have been largely mixed with discounters…

When consumers are cautious, they tend to hold back on any major purchases, such as homes, vehicles, furniture, appliances and travel, to list a few. This will impact spending and gross domestic product (GDP) growth and the ability of companies…

While home prices continue to slide across the nation, we have been seeing improvements in the homebuilder sector. An improving economy and some job creation are helping to attract buyers to the housing market and the hope is that prices…

Consumer spending remains fragile and will impact the retail sector and gross domestic product (GDP). The key drivers are jobs and wealth generation from such sources as stocks and housing. In the retail sector space, sales have been largely mixed,…

U.S. gross domestic product (GDP) growth in the first quarter of 2012 came in at 2.2%, down from the three-percent GDP growth of the fourth quarter of 2011 (source: Bureau of Economic Analysis). Economists had expected first-quarter GDP growth of…

Some are arguing that the U.S. housing market has bottomed. U.S. homeownership fell to 65.4% in the first quarter of 2012 (source: Bloomberg, April 30, 2012). Homeownership of 65.4% means that of all the occupied housing units in the U.S.…

Along with municipalities struggling in this country, I’ve been warning readers about another potential debt catastrophe. Student debt in America has crossed the $1.0-trillion mark. Student loan debt is now larger than the country’s total credit-card debt (source: Consumer Bankers…

Get ready; the housing market may be primed for an upward move. At least I’m hoping it is. The housing market may be on its way up, but prices also need to follow home sales higher. The problem has been…

The housing market is continuing to show improvements in spite of ongoing pressures with home prices. The strength with jobs growth and a declining unemployment rate are helping to attract more buyers to the housing market and the hope is…

The jury is still out on consumer spending this year and its impact on the retail sector and GDP. The key drivers for spending are jobs and wealth generation from such sources as stocks and housing. In 2011, all of…

So far stocks have performed well in January, as optimism surrounding the U.S. economy rises and traders look beyond the issues in the eurozone. We are seeing positive signs in jobs growth, consumer confidence, and the housing market, which were…

We have been hit with bad news after bad news regarding foreclosures and the U.S. housing market sector for years. Just recently a report by the National Association of Realtors stated that they have revised down the number of homes…

There are two key variables that continue to hamper the country’s economic renewal—the housing market and jobs growth. Unfortunately, while both are showing some encouraging signs, I feel it will still be several years before we see sustained strength in…

Consumer spending drives gross domestic product (GDP) growth. And with Black Friday several weeks away, the market focus will be on the retail sector. As is the case each year, the next few months will be a make or break…

So which bank owns the majority of those 800,000 homes repossessed during the credit crisis bust? Well, it’s not a bank. It’s the U.S. taxpayer. About a third of the country’s repossessed homes, 248,000 of them, are owned by the…

Back in 2005, a beautiful condo building was planned on Collins Avenue in North Miami. Very luxurious, each condo unit encompassed a full floor. All kinds of amenities were planned for this oceanfront building, including private elevators to each condo…