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Who Stole the American Dream?

Who Stole the American Dream?

By Octavio Nuiry, RealtyTrac Staff Writer May 3, 2013 When the Financial Crisis Inquiry Commission issued their final report in 2011, the bi-partisan panel placed blame for the housing and financial crisis on everybody — the big banks, borrowers, federal regulators, independent rating agencies and the federal government. The 10-member commission, however, split along party lines, with six Democrats voting to adopt the report and its findings, and four Republicans issuing two dissenting reports. One of the Republican commissioners, Peter J. Wallison, placed the blame squarely on the shoulders of the U.S. government’s housing policies. Read Complete Article Print Email

Current News and Opinion

Where Are The Real Estate Buyers? By Peter Miller May 15, 2013 The news on the real estate front is surely looking good. Compared with a year ago, prices are up, sales are higher, and yet more than a few people worry that today’s good news really signals little more than a short-term financial oddity. America’s 14.2 Million Vacant Homes: A National Crisis By Octavio Nuiry May 14, 2013 The housing crash and the subsequent foreclosure crisis has saddled the United States with an extraordinary level of vacant properties, inflicting heavy costs to many American communities, according to Federal Reserve Board Governor Elizabeth A. Duke Is the Housing ‘Recovery’ Real or a Mirage? By Octavio Nuiry May 2, 2013 Clearly there is a very broad consensus that the U.S. housing market has bottomed. But is the fragile housing “recovery” real or a mirage? 25 Markets Where Flipping Homes is Most Profitable By Daren Blomquist, RealtyTrac Vice President May 1, 2013 Flipping homes — buying, rehabbing and reselling for a profit usually within about 90 days — will likely become more favorable for investors in 2013 as home prices are expected to continue climbing. Are Pocket Listings Making A Comeback? By Peter G. Miller, Contributor April 30, 2013 With the rise in home prices across much of the country the increase in demand has brought us back to an old problem: pocket listings, situations where brokers list a home but have it sold before it can appear on a local MLS system. U-Haul: Biggest Population Shift to Pittsburgh in 2012 By Joel Cone, Staff Writer April 18, 2013 People were on the move in 2012 and apparently the most popular place for them to move to was Pittsburgh, Penn., according to the 2012 Top U.S. Growth Cities Report recently released by U-Haul International. President's 2014 Budget Foresees $943 Million FHA Bailout By Octavio Nuiry, Senior Staff Writer April 16, 2013 The Obama administration’s proposed fiscal budget for 2014 estimates that the cash-strapped Federal Housing Administration (FHA) will need a $943 million taxpayer bailout this year to cover losses from shaky loans the agency insured as the housing ma New Problems Require New Solutions By Gary Beasley, president and CEO of Waypoint Homes April 16, 2013 In the March issue of the Foreclosure News Report, we invited Gary Beasley, president and CEO of Waypoint Homes, to tell us how his company is investing in the foreclosure marketplace. Should Housing Prices Be Higher? By Peter Miller, Contributor April 10, 2013 The real estate marketplace must be doing well. ‘Slow Speed’ Investor Tracks Phoenix Market With RealtyTrac By Joel Cone, Staff Writer April 10, 2013 Michelle McGrew is not in any hurry to move, although she plans on selling the home she and her family live in this year because they want to downsize. Print Email

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