Real Estate News
Results of the survey conducted online ….. showed that Americans continue to grapple with uncertainty about the housing market, with 58 percent of U.S. adults expecting recovery to take at least another two years.
U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to analysis of recent Zillow Real Estate Market Reports.
Foreclosures have dropped, but look for a correcting spike in the new future. Fewer foreclosures aren’t signaling the illusive “housing recovery”, but are a result of the slowdown caused by the “Robo-signing Scandal” .
Some 48 percent of homeowners with a mortgage said they’d consider a strategic default if the amount they owned on their mortgage was higher than the value of the property. Six months ago, just 41 percent of consumers said they’d consider it, according to a survey released Tuesday by realty Web sites Trulia and RealtyTrac.
Related Post: Mortgage Walker
Oh no...we have come to a sad state of affairs if we are now referring to 41% of homeowners that would consider a strategic default as being "low". Although I'm very bummed by these staggering percentages, I can't say that I'm surprised. We're now living in a climate where defaulting on your home loan is pretty commonplace. Thank you for the informative post!
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