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    Explore "ctx" with insightful episodes like "Wenn pflanzliche Sterine zur Gefahr werden", "NAHB CEO: Only Congress can solve housing 'crisis'", "RealtyTrac: Foreclosure activity soars again, up 25% since last year", "Zillow: A third of home sellers are losing money" and "McBride: Some mortgages could see "nasty increase"" from podcasts like ""Diagnose Selten", "MarketWatch Real Estate Round-up", "MarketWatch Real Estate Round-up", "MarketWatch Real Estate Round-up" and "MarketWatch Real Estate Round-up"" and more!

    Episodes (14)

    NAHB CEO: Only Congress can solve housing 'crisis'

    NAHB CEO: Only Congress can solve housing 'crisis'
    The housing slump has worsened into a "crisis," says Jerry Howard, the president and CEO of the National Association of Homebuilders, and "if Congress doesn't do anything, the end is not in sight." Builders are calling on Congress to target home prices in the next stimulus package, and Howard suggests a program like a mid-70s tax credit. "It worked very well, and led the country out of what was a six-quarter recession," he says.

    RealtyTrac: Foreclosure activity soars again, up 25% since last year

    RealtyTrac: Foreclosure activity soars again, up 25% since last year
    There is more bad news from the home front as "we're still looking at foreclosure activity on the increase." Rick Sharga, at RealtyTrac says their most recent survey finds that "nearly 280-thousand US households in the month of October received some sort of foreclosure notice." According to Sharga, "that's up five percent from September and up 25 percent from a year ago." Sharga tells Steve Potisk, "this marks 34 consecutive months where we've seen a year over year increase" in foreclosure rates.

    Zillow: A third of home sellers are losing money

    Zillow: A third of home sellers are losing money
    If you bought your home at the peak of the market in the last couple of years, you could be down "anywhere from five to, in areas of California, 30 or 40 percent off the value of your home." So says Amy Bohutinsky, the V-P for communications at Zillow.com. She tells Steve Potisk that has many people in "negative equity right now," or owing more on the mortgage than the house is worth. That means a third of Americans who sold their home in the past year lost money, according to a Zillow survey. The downward trend is expected to continue. Bohutinsky says of the 163 metro areas they surveyed, "only a handful of markets showed appreciation year over year."

    Is the housing market frozen until Congress passes a rescue plan?

    Is the housing market frozen until Congress passes a rescue plan?
    Is the housing market frozen for the time being? Existing home sales dipped 2% in August and inventories fell 7%. But median home prices have dropped 9.5% in the last year. And MarketWatch real estate editor Steve Kerch thinks the price of your home may have to fall even more. He tells John Wordock the autumn housing market may be frozen until Congress resolves the Wall Street rescue plan issue. Kerch also offers some tips for selling your home in this climate.

    David Seiders of NAHB: Housing recovery still a year away

    David Seiders of NAHB: Housing recovery still a year away
    Confidence among home builders actually improved this month. So finds the latest survey from the National Association of Home Builders, with all four regions of the country showing improvement. Still, there's a long ways to go before we're on firm footing. Calling this the "sharpest, deepest" contraction since the 1930s, David Seiders, the chief economist at the trade group, still thinks we will have to wait until next year for a housing recovery. He talks with John Wordock.

    RealtyTrac: Worst foreclosure activity ever

    RealtyTrac: Worst foreclosure activity ever
    Ouch! "August spiked to the highest levels of foreclosure activity we've ever tracked since we began the survey back in January of 05," says RealtyTrac's Rick Sharga. He tells Steve Potisk there were almost 304,000 households that received a foreclosure notice last month. That's up 12% since the previous month and 27% higher since last year.

    Thinking of buying a condo that's in foreclosure? Don't expect to get rich.

    Thinking of buying a condo that's in foreclosure? Don't expect to get rich.
    Thinking of buying a condo that's in foreclosure? Don't think you're going to get rich quick. "The profits are not there like they were the past couple of years," says Nick Jekogian, CEO of Signature Community, a New York real estate development firm. "I don't think anybody's saying it's going to be a year or two years down the road. It's probably more of a 5 or 10 year cycle. And at that point there's potential for capital gain." Jekogian's advice if you're thinking of buying a distressed condo? "Really spend a lot of time understanding the numbers and what you're getting into." Jekogian talks with John Wordock.

    Gary Thayer: About to touch the housing bottom

    Gary Thayer: About to touch the housing bottom
    "If you're talking about a bottom in sales, it could happen late this year or early next year," says Gary Thayer, a senior economist at Wachovia. "If you're talking about a bottom in pricing that may take a little bit longer to hit." Thayer tells John Wordock he's watching first for sales to bottom. "We're not there yet. But we're getting some encouraging signs."
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