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Jobs Led California Into Recession, and Will Lead It Out As Well
After losing approximately 1 million payroll jobs, California entered the recession in August 2007, nearly five months ahead of the rest of the country, forecasters from the A. Gary Anderson Center for Economic Research at Chapman University in Orange…(read more)

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Debtor’s Dilemma: Pay the Mortgage or Walk Away
Debtor’s Dilemma: Pay the Mortgage or Walk Away December 17, 2009, Wall Street Journal Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag. In good times, it would have been unthinkable…(read more)

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Jobs Led California Into Recession, and Will Lead It Out As Well
After losing approximately 1 million payroll jobs, California entered the recession in August 2007, nearly five months ahead of the rest of the country, forecasters from the A. Gary Anderson Center for Economic Research at Chapman University in Orange…(read more)

Source: feeds.foreclosurepulse.com

) foreclosure listings

Multiple offers are submitted to the bank for the purchase of its REOs, but the bank chooses only the best offer. Experts share the following tips to help you make the best offer: 1. Know the Property History - Find out how much the bank has purchased the property on the Sheriff s … foreclosure listings

Three prominent California economists painted a rocky road ahead for the California housing market. Speaking at the California Association of Realtors convention in Long Beach, Calif., Nancy Dayton Sidhu, Stuart Gabriel and Richard K. Green said the nation and California are in a recession that could last until the end of 2009.

We have a very severe credit crunch going on, said Sidhu, vice president and senior economist at the Kyser Center for Economic Research. About 85 percent of banks have tightened their lending standards. This is an issue. That s where the problems are in the economy.

Sidhu forecasted that the recession would last through 2009, followed by a moderate recovery thereafter and economic expansion by 2010 or 2011.

Gabriel, a professor of finance and director of the Richard S. Ziman Center for Real Estate at UCLA, predicted that we re not going to have a Great Depression, but we are going to have a recession. The labor market will contract, causing consumer spending to contract.

Gabriel predicted that California will be the first to emerge from the economic downturn. California will see the up turn in housing before any other state, Gabriel said.

The federal government s rescue efforts could ease the financial markets, making it easier for borrowers to find loans, according to Richard K. Green, director of the Lusk Center for Real Estate Development at the University of Southern California.

Banks don t trust each other right now, said Green. They just don t know what s on their balance sheets. But I m still very bullish on California. I m far more optimistic this week than last week.

Will the housing sector lead the nation and California out of the recession? What are your thoughts?

foreclosure listings

Three prominent California economists painted a rocky road ahead for the California housing market. Speaking at the California Association of Realtors convention in Long Beach, Calif., Nancy Dayton Sidhu, Stuart Gabriel and Richard K. Green said the nation and California are in a recession that could last until the end of 2009.

We have a very severe credit crunch going on, said Sidhu, vice president and senior economist at the Kyser Center for Economic Research. About 85 percent of banks have tightened their lending standards. This is an issue. That s where the problems are in the economy.

Sidhu forecasted that the recession would last through 2009, followed by a moderate recovery thereafter and economic expansion by 2010 or 2011.

Gabriel, a professor of finance and director of the Richard S. Ziman Center for Real Estate at UCLA, predicted that we re not going to have a Great Depression, but we are going to have a recession. The labor market will contract, causing consumer spending to contract.

Gabriel predicted that California will be the first to emerge from the economic downturn. California will see the up turn in housing before any other state, Gabriel said.

The federal government s rescue efforts could ease the financial markets, making it easier for borrowers to find loans, according to Richard K. Green, director of the Lusk Center for Real Estate Development at the University of Southern California.

Banks don t trust each other right now, said Green. They just don t know what s on their balance sheets. But I m still very bullish on California. I m far more optimistic this week than last week.

Will the housing sector lead the nation and California out of the recession? What are your thoughts?

pre foreclosure

There s good news and bad news when it came to home prices nationally in August. Let s start with the good news for a change….(read more) pre foreclosure

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Source: foreclosurepulse.com

No Quick Fix for Calif. Housing, Economists Predict

Three prominent California economists painted a rocky road ahead for the California housing market. Speaking at the California Association of Realtors convention in Long Beach, Calif., Nancy Dayton Sidhu, Stuart Gabriel and Richard K. Green said the nation and California are in a recession that could last until the end of 2009.

We have a very severe credit crunch going on, said Sidhu, vice president and senior economist at the Kyser Center for Economic Research. About 85 percent of banks have tightened their lending standards. This is an issue. That s where the problems are in the economy.

Sidhu forecasted that the recession would last through 2009, followed by a moderate recovery thereafter and economic expansion by 2010 or 2011.

Gabriel, a professor of finance and director of the Richard S. Ziman Center for Real Estate at UCLA, predicted that we re not going to have a Great Depression, but we are going to have a recession. The labor market will contract, causing consumer spending to contract.

Gabriel predicted that California will be the first to emerge from the economic downturn. California will see the up turn in housing before any other state, Gabriel said.

The federal government s rescue efforts could ease the financial markets, making it easier for borrowers to find loans, according to Richard K. Green, director of the Lusk Center for Real Estate Development at the University of Southern California.

Banks don t trust each other right now, said Green. They just don t know what s on their balance sheets. But I m still very bullish on California. I m far more optimistic this week than last week.

Will the housing sector lead the nation and California out of the recession? What are your thoughts?

Source: foreclosurepulse.com