8 Million More Foreclosures May Be Waiting "The definition of shadow inventory has gotten out of control," says Rick Sharga, senior vice president at RealtyTrac, an online market for distressed homes. As a result, estimates of homes in the shadows vary widely between 2 million and 8 million.
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The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services. Sharga recently left RealtyTrac, where he helped build a network that tracked foreclosure filings across the country.
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Institutional investors entered the housing market at a rapid pace this past year, but their level of purchasing activity is relatively small compared to the overall market. For instance, Blackstone Group is expected to be the largest institutional purchaser in 2013, committing to 15,000 properties.
Demand is down by 30 per cent compared with two years ago, said Claudio Lietaert, a broker with Air Charter Service in Dubai. This has led several. view." More of these deals could flood into the.
Today, it’s more like 7½ percent. The interest rate has nearly doubled.” RealtyTrac spokesperson Rick Sharga believes this is one factor in August’s foreclosure. due each month. Problem is, this.
MassDOT funded the troubled overtime patrols to the tune of about $1 million per year and despite requests by police to increase funding, never exercised the option to audit the troop’s finances.
From The New York Times: Signs Point to Economy’s Rise, but Experts See a False Dawn. In recent weeks, a broad range of data have beaten analysts’ expectations, but forecasters sa
In the summer of 2007, at the IM Chait auction house in Beverly Hills, California, actor Nicolas Cage had his eyes on a frightening prize: the 67-million-year-old. for years to persuade the.
Almost exactly two years ago. almost as much this year as they did last year. Foreclosures, too, are expected to continue. In 2010, there were around 1.2 million bank repossessions, up from 900,000.
If housing starts continue to rebound and head above 1M starts per year, LPX will start to mint money. The stock is a great buy on market weakness in the high $8’s to near $9.