Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Negative Equity, Foreclosures in the News

IMG Auteur
Published : March 02nd, 2012
175 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

 

 

 

 

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.

 

 

<< Previous article
Rate :Average :0 (0 vote)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Gold: April 2015 Update
30 Marovertheedge
"I have been invited to speak at the Mines & Money Mauritius Conference in June 2015 again. If you would like to join you can receive 25% off your ...
Greece Needs the Magic Formula t...
30 Marovertheedge
Wow dude. "Idiocracy" is obviously not just another dumb-ass movie. I admit that I should have recognized your devotion to Brawndo (it has ...
The Finanser Interviews Jon Matonis
29 Marovertheedge
"In late 2009, I got introduced to Bitcoin by a random email from Satoshi Nakamoto. I didn’t give it much thought at the time and then 3-4 months ...
Gold Effect on Mining & Shale Wa...
27 Maruser4779-1
A jumbled and rambling article, seasoned with hyperbolic rant, but redeemed by interesting information. So 3/5. A good editor could turn this into ...
Oil Surges, Gold and Silver Spik...
26 Marovertheedge
"That a country would choose to directly intervene militarily in the affairs of another country is a dangerous precedent, ..." Precedent?<...
Water Wars Loom Over California ...
26 Marovertheedge
Ellen Brown should stick to what she understands versus geology, hydrology and financially available technology. Example: "With discussions...
Kicked to the Curb
24 MarFalconflight2
I'm both ashamed and disgusted by the government 'of, by, and for the people,' every bit as much as I am ashamed and disgusted by the People.
The Silver:Gold Ratio, 1687-2011
24 Marconey1
"large new deposits of silver were found"? So what was found by ECB that enabled them to cough up an extra trillion euros for failing European econ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Trevali Mining(Cu-Le-Zn)TV.TO
Commences Mining at Caribou Zinc Mine in Anticipation of Q2 Mill Commissioning
CA$ 1.09+6.86%Trend Power :
Corporate news
Rockcliff(Cu-Ni-Pl)RCR.V
Solvista Gold Corporation and Rockcliff Resources Inc. Enter Into Letter of Intent Regarding
CA$ 0.04+16.67%Trend Power :
Corporate news
Pele Mountain Res.(Ag-Au-Cu)GEM.V
Executes MOU with Major Chinese Rare Earth Player to Pursue Opportunities of Developing Rare
CA$ 0.05+66.67%Trend Power :
Corporate news
Duran Ventures(Ag-Au-Cu)DRV.V
Signs Memorandum of Understanding for Tolling Operation in Peru
CA$ 0.02+50.00%Trend Power :
Corporate news
Waseco Res.(Ur-Au-Gems)WRI.V
Announces Non-Brokered Private Placement
CA$ 0.04+0.00%Trend Power :
Financings
Metanor(Au-Pa-Pl)MTO.V
Intersects 8.64 g/T Over 5.8 Meters at Bachelor Mine
CA$ 0.04-11.11%Trend Power :
Corporate news
Hudson Res.(Ag-Au-Cu)HUD.V
Reports Robust Preliminary Economic Assessment (PEA) for Specialty Alumina Production From th
CA$ 0.50+0.00%Trend Power :
Corporate news
Western Copper(Cu-Le-Zn)WRN.TO
and Gold Provides Casino Update and Reports Year-End Results
CA$ 0.58-3.33%Trend Power :
Corporate news
Western Copper(Cu-Le-Zn)WRN.TO
and Gold Provides Casino Update and Reports Year-End Results
CA$ 0.46-2.09%Trend Power :
Corporate news
Corona Gold(Ag-Au)CRG.TO
Provides Update on Voluntary TSX Delisting and Application for Listing on Canadian Securities
CA$ 0.31+3.33%Trend Power :
Corporate news
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.