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So They Say the U.S. Housing Market Is Getting Better? Read ThisBy: profit confidentialArticle Word Count: 444 words [Comments (0)] Total Views: 1 Views |
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Not sure I believe them. Or should I rephrase that as, “Not sure they understand.” We all remember when banks pulled way back on home foreclosures in 2010, as they were accused of not having their paperwork in order when the foreclosed. This put a temporary halt to U.S. home foreclosures. Now they’ve cleaned up their act and big U.S. banks are actually starting to accelerate their foreclosures. In the third quarter of 2011, U.S. banks started foreclosures on more homes than at any other time in the past 12 months. Banks have a backlog of foreclosures in the U.S. housing market to start work on as a result of the banks cooling foreclosures during the period they were being accused of faulty foreclosures practices. According to the National Association of Realtors, U.S. home prices fell in three-quarters of all metropolitan areas in the third quarter of 2011. The median price of homes in the U.S. was down 4.7% in the third quarter of 2011, compared to the same period of 2010. Foreclosure sales still make up 30% of all U.S. housing market activity at the resale level. Hence, we have a situation where more foreclosed homes are coming onto the U.S. housing market and U.S. home prices are still dropping. But this is not the real problem. If the Federal Reserve could keep long-term interest rates down for the next 10 to 20 years, the U.S. housing market would have a chance to recover. Unfortunately, the Fed can’t keep rates that low for that long… Interest rates will have to rise sooner rather than later, as inflation becomes a problem in America (see Economic Analysis: And Then Came Rapid Inflation). Rising interest rates will only depress the U.S. housing market further. This is what realtors don’t understand…the best bargains may lay further ahead. Michael’s Personal Notes: There is one strategy investors have (or at least this investor has) been following for 10 years to make money in this treacherous market. The strategy is quite elementary. Every time the price of gold bullion moves down three percent, I like to go in and buy more gold-related investments. This strategy has worked for 10 years and I still see the opportunity continuing in buying gold stocks when the yellow metal has sharp, one-day corrections. I need to tell you, dear reader, I laugh For more details visit us:-Stocks Trading Tips Author InfoFor more details visit us:-Stocks Trading TipsGrab this articles
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