Articles by Foreclosures

  • The Housing Recovery Producing A Nation of Serfs

    February 13 2013 2:57 PM

    'Wall Street is running a new profit game,' writes Shabnam Bashiri, 'by buying foreclosed houses and renting them back to their former owners.'

  • RBA Insists No Imminent Housing Sector Meltdown in Australia

    June 26 2012 6:22 PM

    The Reserve Bank of Australia (RBA) sees no reason for alarm amidst observations by some economists that the country's housing sector could witness the same meltdown that humbled the U.S. economy in 2008.

  • On the Trail of the US Housing Recovery

    June 25 2012 3:23 PM

    One crisp fall Sunday afternoon under bright blue skies, my wife and I visited five homes up for sale. We remembered them by their street names: Big Acre, Blue Silo, Pontiac, Prairie Rose and Lamont.

  • The Great Correction Continues on the US Housing and Mortgage Market

    June 21 2012 9:39 AM

    You gotta love this Great Correction. It's gotten so much bad press. And so many people trying to stop it. But it just keeps going...doing its work in the US housing and mortgage market. From Barry Ritholtz.

  • Irish House Price Falls Accelerating!

    February 29 2012 1:17 PM

    Ireland's economy is now slowly recovering, but its residential property market is still in deep trouble. In 2011, the national residential property price index plunged by 16.7% (-18.7% inflation-adjusted), based on data released by the Central Statistics Office.

  • Overwhelming Majority of Americans Think Purchasing a House 'Important'

    February 13 2012 12:50 PM

    What can Americans not live without? A car? A smartphone? Credit cards? Lake Research Partners found out via a survey, and the answer may be a little surprise for some.

  • Celebrities Suffer Investment Losses, Property Foreclosures

    December 07 2011 4:47 PM

    Not even wealth and fame could shield them from the financial crisis gripping homeowners in the United States. Celebrities were also victims of bank foreclosures and lost millions invested in properties acquired when real estate was booming.

  • Why Did America's Property Bubble Burst? Here Are 8 Reasons...

    December 07 2011 1:21 PM

    The global property markets are imploding, and fast. The strain that first found its footing in the U.S has now truly gone viral. From Dubai to Denmark, developers have been left reeling, while national exchequers struggle to hold ground.

  • Las Vegas Foreclosure Nightmare a Boon for Indoor Pot Growers

    November 22 2011 1:25 PM

    In Las Vegas, the metropolitan area with the highest number of foreclosures in the country, a number of bank-owned McMansions have literally gone to pot and been converted into indoor marijuana farms.

  • India’s Stunning House Price Boom Continues!

    October 17 2011 5:21 PM

    India's housing markets surged in Q2 2011. There were amazingly strong house price increases, despite an economic slowdown which saw gross domestic product grow by 'only' 7.7% during the year to Q2 2011, the weakest growth for six quarters, due to high interest rates and the poor performance of mining and quarrying (1.8% annual growth), construction (1.2%) and the manufacturing sectors (7.2%).

  • Home Sales Send Positive Vibes, But Will It Last?

    May 25 2011 11:25 AM

    The U.S. housing sector may be slowly coming up out the abyss, as suggested by the earlier release of new home sales for the month of April by the U.S. Census Bureau.

  • Bearish Sentiment Could Fade As Wall Street Opens

    May 24 2011 8:30 AM

    US equities were under pressure during the last week gyrating in a tight range as commodities and currencies pushed and pulled equities up and down. Outside influences such as European debt concerns, and weak US housing data offset strong earnings data from Wal-mart and Home Depot.

  • The Midway Group gains 3.25% and ended the year 53.47%

    January 14 2011 12:33 PM

    Midway Market Neutral Fund returned an estimated 3.25% in December, net of fees and expenses. This brings our unaudited 2010 net return to 53.47%. This was a particularly successful year for Midway's investors. While we are indeed pleased with this absolute return, we are even more pleased knowing that it was produced with a low relative risk profile.