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Florida is home to a quarter of the 3.3m foreclosures reported in the US Photograph: Joe Raedle/Getty Images With Bank of America set to auction their dream home for 40% of its purchase price, they are "devastated" at not being able to afford
In total, the potential negative equity was 15.3bn, the paper says...This is in contrast to the older generations who have profited from the years of house price rises and tend to have excess value in the their homes, the VEH told the FD. If house
Experience of booms and property crashes in other countries suggests the economic recovery here will be slow and house prices will recover even more slowly, he said. Central Bank deputy head Stefan Gerlach made the comments at a conference on housing
This is because house prices have plunged dramatically in many parts of the North since the credit crunch struck in 2007, but have reached record levels in many parts of the South. Official figures, from the Land Registry, show the price of the
They have asked the Central Bank to allow them to give those homeowners fresh loans to buy new homes. Those families are currently trapped because their homes are worth less than their mortgages. Many in starter homes and apartments are desperate to
Banks and other lenders relaxed their lending criteria in 2008, partly by lifting new borrowers' loan to valuation ratios (LVRs) amid cuts to interest rates, which spurred a doubling of first home buyers entering the market. Those home loans are now "
A link to download the LendingTree's Healthiest Housing Markets in infographic form can also be found here . ( South Dakota and Vermont were not ranked because of insufficient data.) "Many people are familiar with the housing market collapse in
Story continues below Within the 6.4 per cent, 27 per cent of people who owned a home for one to two years fell into negative equity on their property...A national decline of 5.5 per cent in house prices since late 2010 was the major cause, RP Data
The payout will be given to the "negative equity generation" after the higher mortgage tax relief promised in the last Budget is paid. The 52m in additional tax relief, which will be paid out each year, will provide some breathing space to the
more than $1,000 a month -- I could understand why. The woman, who earns about $40,000 a year, ended up with that eye-popping payment because when trading in her old car, the dealer rolled the remaining loan balance into a new loan.