Monthly Archives: August 2010

August 31, 2010: Data through June 2010, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, show that the U.S. National Home Price Index rose 4.4% in the second quarter of 2010, after having fallen 2.8% in … Continue reading →

ITS SPOOKY OUT THERE August 26, 2010: There’s “shadow inventory” which are bank owned homes that are just sitting there empty, for now. The bank slowly puts those homes back on the market all the while trying not to flood … Continue reading →

The costs of owning a home can substantially outweigh the benefits because of issues such minimal home equity retention and an owners desire to “flip” a home on the market quickly, researchers Wenli Li and Fang Yang said in their … Continue reading →

HAMP borrowers are still up to their eyeballs in debt after the modification. AUGUST 20, 2010: According to Calculated Risk, About 422 thousand modifications are now “permanent” – up from 389 thousand last month – and 617 thousand trial modifications … Continue reading →

A comparison with previous recoveries is unflattering. AUGUST 15, 2010: Arguably, short sales have become harder to complete over the past six weeks. Lenders who were (at least occasionally) granting waivers of deficiency judgments, have decided not to do so. … Continue reading →

NEVADA’S UNEMPLOYMENT RATE IS SHAPED LIKE A SNAKE LIFTING ITS HEAD AUGUST 19, 2010: The unemployment rate in the Las Vegas area in July rose to 14.8 percent, the 19th consecutive month of double-digit joblessness. The number of people employed … Continue reading →