Mortgage Defaults: Many Are Intentional, Study Finds

Most people can handle a 10%-20% drop but how many can swallow a 50%-60% drop ! This problem seems to be contagious. If all your neighbors walk away, are you going to stay and keep paying the same bank that is getting bailed out by the fed (via your tax dollars) ?

Mortgage Defaults: Many Are Intentional, Study Finds (time.com)

Can you modify the price ?

If you are one of the early buyers into this luxury condo project on the Las Vegas strip, it’s tough luck.

Buyer’s Remorse Hits Vegas Project City Center Development Resists Requests to Renegotiate Prices of Condos Sold in Boom (WSJ.com)

Home Sales Perk Up, but Expensive Houses Languish

Home Sales Perk Up, but Expensive Houses Languish (time.com)

Relief still elusive in real estate

Bad Foreclosure

Many people face foreclosures everday but this is a bad one.

Woman Kills Herself During Foreclosure Eviction (www.nbcmiami.com)

Bad Foreclosure

Many people face foreclosures everday but this is a bad one.

Woman Kills Herself During Foreclosure Eviction (www.nbcmiami.com)

Noodle only for a month

…in exchange for the perfect apartment. Would you do it ?

Nearly a quarter of Americans say they would be willing to eat only ramen noodles for a full month in exchange for finding the perfect apartment to rent. This is one of the more light-hearted findings of a new survey, conducted this month by Rent.com.

(src:sfgate.com)

Housing Is Recovering, Fast, Jeff Matthews Says

Recovering fast ? I think this guy might be right but only in a limited small segment of the housing market.

1989 homes prices in southern california

It’s really dejavu in some parts of southern california !

(src:http://www.latimes.com/business/la-fi-cheaphomes10-2009jun10,0,4802553.story)

1989 homes prices in southern california

It’s really dejavu in some parts of southern california !

(src:http://www.latimes.com/business/la-fi-cheaphomes10-2009jun10,0,4802553.story)