has a list – White House Considering New Steps to Delay Home Foreclosures: Sources – By Peter Barnes – FOXBusiness
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The Building Bubble in China – By Michael Forsythe and Kevin Hamlin – Much of China’s stimulus money was spent on skyscrapers, spurring fears of a real estate bust – … Rodman figures about half of the city’s commercial space is vacant, and to prove it he keeps a slide show of 55 empty office buildings in the Chinese capital on his computer. There are an additional dozen, he says, that he hasn’t had time to photograph. … – hattip to Mr. M – BusinessWeek
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80% Of Today’s Delinquent Homeowners Will Lose Their Houses — 6 Million In All – Henry Blodget – Money Game at Business Insider
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Fewer People Falling Behind on Home Loans – Reuters – … However, the delinquency rate for mortgages on one-to-four-unit residential properties fell to a seasonally adjusted rate of 9.47 percent of all loans outstanding as of the end of the fourth quarter of 2009, down from 9.64 percent in the third quarter but up from 7.88 percent in the same quarter a year earlier, the MBA said in its National Delinquency Survey.
"This drop in the delinquency rate is good news and shows that the problem may not get much bigger. But it is still a big problem," Jay Brinkmann, MBA chief economist told Reuters in an interview. … – CNBC
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Some Homeowners Overly Cynical on Home Property Values: Zillow – by AUSTIN KILGORE – … According to the quarterly survey, one in five, or 20%, of the 2,200 homeowners surveyed believed their property value increased during 2009. That’s the lowest percentage in seven quarters. “Homeowners are finally succumbing to the notion that, in most areas, declining home values over the past year are no longer the exception, they are the rule,” said Zillow chief economist Stan Humphries. . – HousingWire