An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Duration : 0:7:58
I was interviewed on NBCs Today Show when the Los Angeles housing market was beginning to change.
Duration : 0:1:54
Feb. 18 (Bloomberg) — John Burns, president of John Burns Real Estate Consulting Inc., talks with Bloombergs Betty Liu about the implications of what he describes as a “shadow inventory” of homes risking foreclosure.
Burns, speaking from Irvine, California, also discusses the potential effects of an increase in mortgage rates and the outlook for the U.S. housing market. (Source: Bloomberg)
Duration : 0:4:16
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Listen to RealtyTrac analysis of foreclosure tsunami January 26th, 2009, 5:45 pm
Interview with foreclosure tracker Rick Sharga of RealtyTrac on whats the chance that what he calls a tsunami of missed mortgage payments will abate anytime soon. I had to cut the first 4 minutes due to the time limit. But, please listen closely at 2:18, Mr. Sharga talks about Shadow Inventory. It’s shocking~!
What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.
If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.
Prepare yourself and protect your family from this coming economic catastrophe.
PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:
Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:
Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….
Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.
But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.
“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.
So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.
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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke
Duration : 0:10:3
http://inflation.us/
Day 1 of 2
BattleBornBroadcast
http://www.youtube.com/watch?v=rnWVmTP7l4o&feature=channel
and George4title explore the economic reality of Las Vegas. From the 9.8 billion dollar City Center to doubling our homeless population, Las Vegas is juggling both ends of the economic coin. George4title and BattleBornBroadcast hit the streets to make sense of a real estate market gone wild, commercial real estate collapse and billion dollar bust.
Economists predict more struggles for Las Vegas housing market
Las Vegas Sun – Buck Wargo – Jan 20, 2010
It will be continued suffering, NAHB Chief Economist David Crowe said of the Las Vegas economy and housing market in 2010. That is the simplest way to …
Tour the new dream home: At International Builders’ Show, it’s small, virtual … USA Today
Housing construction rebound is in slo-mo, economists say Dallas Morning News
Homebuilding Forecast: Modest Growth in 2010 ABC News
http://www.lasvegassun.com/news/2010/jan/20/economists-predict-more-struggles-las-vegas-housin/
http://content.usatoday.com/communities/greenhouse/post/2010/01/tour-most-innovative-house-never-built-on-virtual-display-at-ibs/1
Duration : 0:7:34
Los Angeles Realtor, Mike Kessler, discusses the current housing market. Visit Mike4Homes.com for all available homes throughout Southern California!
Duration : 0:0:42
http://inflation.us/
Day 2 of 2
BattleBornBroadcast
http://www.youtube.com/watch?v=rnWVmTP7l4o&feature=channel
and George4title explore the economic reality of Las Vegas. From the 9.8 billion dollar City Center to doubling our homeless population, Las Vegas is juggling both ends of the economic coin. George4title and BattleBornBroadcast hit the streets to make sense of a real estate market gone wild, commercial real estate collapse and billion dollar bust.
Economists predict more struggles for Las Vegas housing market
Las Vegas Sun – Buck Wargo – Jan 20, 2010
It will be continued suffering, NAHB Chief Economist David Crowe said of the Las Vegas economy and housing market in 2010. That is the simplest way to …
Tour the new dream home: At International Builders’ Show, it’s small, virtual … USA Today
Housing construction rebound is in slo-mo, economists say Dallas Morning News
Homebuilding Forecast: Modest Growth in 2010 ABC News
http://www.lasvegassun.com/news/2010/jan/20/economists-predict-more-struggles-las-vegas-housin/
http://content.usatoday.com/communities/greenhouse/post/2010/01/tour-most-innovative-house-never-built-on-virtual-display-at-ibs/1
Duration : 0:9:15
An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Duration : 0:9:38
Jackson Hole Real Estate Market Report
Digital Realty Trust Inc. (DLR) can get your pants off.