Posts Tagged ‘Money Game’
20 American Cities That Are Getting Slammed By Foreclosures
Foreclosure activity declined 5 percent in April from the previous month, and 14 percent year-over-year.
But rising foreclosure activity in many states and cities was overshadowed by a significant decrease in hard-hit foreclosure states like California, Arizona, and Nevada according to the latest foreclosure report from Realty Trac.
We drew on RealtyTrac data to put together the 20 metropolitan areas where foreclosure activity is remains high.
Note: All data is for the 20 largest metros. Data for properties with foreclosure filings is for April 2012.
New York
1 in every 2,677 homes received a foreclosure filing in Q1 2012
Properties with foreclosure filings:
2,812
Change from March 2012:
-7.62%
Change from April 2011:
+7.25%
Source: RealtyTrac
Baltimore
1 in every 1,777 homes received a foreclosure filing in April 2012
Properties with foreclosure filings:
637
Change from March 2012:
+9.64%
Change from April 2011:
+20.42%
Source: RealtyTrac
Washington D.C.
1 in every 1,447 homes received a foreclosure filing in April 2012
Properties with foreclosure filings:
1,530
Change from March 2012:
-7.89%
Change from April 2011:
-30.23%
Source: RealtyTrac
See the rest of the story at Business Insider
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FINALLY: American Business Sentiment Has Turned Bullish
Global business sentiment remains bearish but has improved since January, according to The Economist/FT survey of over 1,500 senior executives, conducted by the Economist Intelligence Unit.
The balance of respondents who think the world economy will pick up against those who expect it to worsen rose from minus 28 percentage points to minus 5.
In North America more executives are bullish than bearish for the first time in a year. But in eastern Europe confidence has slumped.
Only 37% of European bosses expect to hire over the next year, compared with more than half elsewhere.
As for the euro, almost a quarter of firms have made contingency plans for a break-up of the currency union.
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Home Buyers Are Heading To The Suburbs, Not Dense Cities
Jed Kolko, the chief economist of real estate website Trulia, told Meg Handley of the US News, Jed Kolko, said that people are looking to buy houses in suburbs and not in big cities.
More online house hunters are looking toward the suburbs and smaller cities that toward big, dense cities. Even though people say they want urban amenities, when they start searching for a new home, they’re drawn to more space at a lower price rather than the benefits of big-city living.
The average home buyers are facing a conundrum, as they desire the amenities of the big-cities, but prefer the size and prices of homes in smaller suburbs.
Over the course of the next few years this could have an affect on the prices of purchases in both suburbs and in big cities, and may also alter the prices of rents in both areas. This is certainly a trend worth monitoring.
SEE ALSO: Here Are 20 American Cities That Are Getting Slammed By Foreclosures >
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THE PLOT THICKENS: Check out This Message That Was Posted On The Website Of The Greek Prime Minister
if you missed the last hour of newsflow, here’s what happened: There was a report that Angela Merkel had asked Greece to hold a straight up referendum on staying in the Euro.
This pissed off Greek political leaders, who accused Merkel of treating Greece like a “protectorate.”
Then Merkel denied she had ever said such a thing.
But there’s more!
Via Faisal Islam, check out this (Google Translated) message on the website of the Greek Prime Minsiter’s website
Contact Prime Minister Panagiotis Pikrammenou with political leaders
NOTICE Spokesman
Athens May 18, 2012
The Prime Minister Panagiotis Pikrammenos on call he had with the President of the Republic Karolos Papoulias, contacted political leaders: A. Samara, Chairman of the Southwest, Al. Tsipras, President of the Parliamentary Group of SYRIZA, Ev. Venizelos, President of PASOK, P. Burn, chairman of the Independent Greek, Al. Papariga, General Secretary of KKE, N. Michaloliakos, Secretary of the People’s Association – Golden Dawn, and F. Kouvelis, President of DIM.AR, and informed them of the contents of the conversation that had the President with Chancellor of the Federal Republic of Germany Angela Merkel.
Mrs. Merkel reiterated EU support Greece’s efforts to overcome the crisis. She also mentioned that the EU intends to consider strengthening policies for growth and combat unemployment in Europe. The issue of development is also a key issue to be addressed by the Special EU Summit on 23 May in Brussels.
Also transferred to the President of the Republic thoughts about a referendum alongside elections, the question whether Greek citizens wishing to stay in the eurozone. It is obvious that the issue is outside the responsibilities of the caretaker government.
Thoughts?
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The Market Is Going Down
With no Facebook mania glow, and more headlines out of Europe implying discord between Greece and Germany, the market is going down.
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