Google
Gayapolis
Web
 

 

Welcome!
 
Username:

Password:


Register Now

Site Navigation

gay news News

gay directory Directory

gay travel Travel

gay weddings Weddings

gay real estate Real Estate

gay, lesbian, bisexual, transgender people People

free gay personals Personals

gay careers Careers

email Gayapolis Email Us

Gayapolis Home Page Home

 

 


Three Ways to Help the US Housing Market
U .S. home prices are set to fall further. There is nothing policymakers can do to forestall this, but there are things they can do to mitigate the severity of the decline. With Europe in disarray, the supercommittee struggling to reduce the federal deficit and a payroll tax increase looming next year, help for the housing industry could make the difference between a continued economic recovery and a double-dip recession.

House prices are currently being driven by distressed home sales -- foreclosure and short sales. About a third of home sales nationwide involve distressed properties, an astounding figure. In the busted housing markets of Arizona, California, Florida and Nevada, the share is well over half. Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.

House prices have been more stable in recent months, largely because legal and regulatory issues have slowed foreclosures and thus limited the number of distressed sales. A major impediment has been the state attorney generals' lawsuit against the mortgage companies over the robo-signing fiasco and other foreclosure process problems. Once this suit is settled, the foreclosure machine will gear up again, distressed sales will increase, and house prices will resume their descent. Prices have already fallen by a third since the housing crash began six years ago.

At Gay Realty Watch, we look for news to share with you about the gay real estate market - both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from

Click here for gay realtors, mortgage lenders, and other real estate professionals. 
Click Here to Return to the Gayapolis News Section

Published on:  November 14, 2011


Most Recent Articles on Gayapolis.com:

Calgary Bus Driver Says His Faith Doesn't Allow Him to Drive One of the New Rainbow Buses - August 29, 2015
Actor Darryl Stephens from 'Noah's Arc' on the Difficult Journey of a Black Actor - August 29, 2015
Texas Drag Queen 'Miss Whoochie' Murdered in San Antonio Home - August 29, 2015
Lily Tomlin Stars in New Film 'Grandma' - August 29, 2015
Announcement: Taliaschild, by Anastasia Vitsky - August 29, 2015
South Dakota High School Activities Association Gives Preliminary Approval of Trans-Inclusive Sports Policy - August 29, 2015
Actress Ellen Page on Straight Actors Playing Gay Roles - August 29, 2015
Purple Roofs LGBT Travel Round-Up - August 29th - August 29, 2015
Featured Gay Friendly Accommodations: Ochenta y Dos, Merida, Yucatan, Mexico - August 29, 2015
Marriage Equality Round-Up - August 29th - August 29, 2015

Sign up for free daily news updates from Gayapolis

 

 

 

advertising: 

 


Home - News - Directory - Travel - Weddings - Real-Estate - People - Careers - My Account - Log Out
Linking to Gayapolis - Web Site Services - About Gayapolis - Contact Us - Advertising Information - Usage/Privacy Policy
Purple Roofs Travel Directory - Purple Unions Wedding Directory - Gay Realty Network - Mi Casa Su Casa Home Trade - Mongoose On The Loose Web Design
Contents ©2000-2008 Gayapolis, Inc.