Mortgage defaults high in the 10 cities; how does your city rank?

Mortgage defaults high in the 10 cities; how does your city rank?

  Do you know where the next mortgage defaults will occur in your city?  What cities and zip codes are most at risk during this recession?  In every recession, there are two predictors of default/loss, collateral and equity.  What does the data tell us today?...
Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

Forbearance drives house prices up; no impact on “credit score”, but can’t get credit?

From March 1 through the end of May, Americans deferred debt payments on more than 100 million accounts, according to credit-reporting firm TransUnion, a sign of widespread financial distress.  Millions are out of work, yet house prices are increasing in most...
Nike sales plunge 40%, Microsoft closing all their stores, What about real estate? Who will win?

Nike sales plunge 40%, Microsoft closing all their stores, What about real estate? Who will win?

Nike is a bellwether for the retail industry and general economy generating over 40 billion in annual revenue making it one of the largest athletic retailers in the world.  Since 2006 revenue has consistently increased every year.  In June, Nike announced that sales...
Did housing market pull a V and defy all odds?

Did housing market pull a V and defy all odds?

Happy summer to everyone, hopefully you are taking some time to get outside with your friends and family to de stress .  Last week, I wrote about the general economy not following a V shaped economic pattern, which I still believe, but housing seems to be marching to...