“According to economist Nouriel Roubini, the housing market is in a double dip.
And negative Case-Shiller Home Price numbers out today only confirm that unpleasant truth.”
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“So far I’m not impressed with the 21st century. Seems like it’s been just one crisis after another.
“The number of contracts to buy previously owned homes rose more than forecast in November, a sign sales are recovering following a plunge after the expiration of a tax credit. “
“LPS Applied Analytics released their November Mortgage Performance data. According to LPS:
“The number of Americans falling 60 days or more behind in their mortgages fell 6.4 percent in the third quarter from the second quarter, but the percentage of those who fell 30 to 59 days behind rose by 4.3 percent, according to a new report by bank regulators.”
“The most worrisome release of the week was data on October home prices, showing contraction in prices during the month. Every major market for the 20-city gauge that the S&P/Case-Shiller index uses declined between September and October.”
“For the 22 business days ending Dec. 3 – DataQuick’s freshest stats — South Coast homebuying patterns showed:
“Sellers of pricier Orange County homes continue to feel stiff pricing pressures.
“Us: In 2011, how do you think the pace of defaults and foreclosures will fare in California and Orange County in particular? Why?
“Us: What’s your Orange County outlook for 2011 …
Get on The Real Estate Love Train with Uncle Tony! |
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