Chart eurGOLD   Chart eurSILVER  
 
Food for thought
Life is under no obligation to give us what we expect.
Margaret Mitchell  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1196.42-15.43
Silver 16.36-0.71
Platinum 1238.70-20.00
Palladium 776.40-15.85
WORLD MARKETS
DOWJONES 17100132
NASDAQ 4540-9
NIKKEI 15658104
ASX 545726
CAC 40 41176
DAX 9045-38
HUI 168-9
XAU 69-4
CURRENCIES (€)
AUS $ 1.4316
CAN $ 1.4123
US $ 1.2613
GBP (£) 0.7876
Sw Fr 1.2055
YEN 137.4740
CURRENCIES ($)
AUS $ 1.1352
CAN $ 1.1196
Euro 0.7929
GBP (£) 0.6245
Sw Fr 0.9558
YEN 108.9970
RATIOS & INDEXES
Gold / Silver73.13
Gold / Oil14.84
Dowjones / Gold14.29
COMMODITIES
Copper 3.120.01
WTI Oil 80.61-0.85
Nat. Gas 3.720.07
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Negative Equity, Foreclosures in the News
Published : March 02nd, 2012
175 words - Reading time : less than a minute
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Housing Market | Real Estate |

 

 

 

 

Corelogic and RealtyTrac are really raining on the parade that is the U.S. economic recovery (and Secret Commerce Department Report Shows the Economy May be Faltering at the CEPR isn’t helping either) as both real estate data firms provided a sobering new look at the U.S. housing market that many analysts think is poised to rebound this year.

 

RealtyTrac released its final report on foreclosure activity in 2011 noting that distressed sales accounted for 24 percent of all sales in the fourth quarter, up from 20 percent in the third quarter, and that the average price of a foreclosure-related sale was 29 percent below non-foreclosure sales. Corelogic reported the latest data on negative equity below, a situation that is not likely to get any better with ongoing home price declines.

 

 


 

With nearly a third of all borrowers either in or near negative equity, we’ll be hearing a lot more on this subject during this election year as the banks’ foreclosure mills crank up again along with talk of (and a little action on) principal writedowns.

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Tim Iacono
All articles by
Tim Iacono
Next article by
Tim Iacono
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Tim Iacono

Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
Tim Iacono ArchiveWebsiteSubscribe to his services
Most recent articles by Tim Iacono
10/22/2014
10/21/2014
10/21/2014
10/20/2014
10/20/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer