MAIN PAGE | ARCHIVED STORIES | Keith Jurow

This reporter no longer writes for the WORLD PROPERTY CHANNEL. Listed below is an archive of all prior stories.

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Strategic Defaults, It Could Get Ugly

Strategic Defaults, It Could Get Ugly

In an article posted on World Property Channel last September -- Strategic Defaults Threaten All Major US Housing Markets -- I discussed the growing threat that so-called "strategic defaults" posed to major metros which had experienced a housing bubble. Read More

 
Queens Housing Market Remains in Fantasyland

Queens Housing Market Remains in Fantasyland

In an article posted in June, I warned that a home price collapse in the New York borough of Queens was almost certain to occur. Let's take another look at Queens to see if there is any new evidence to support this assertion. Read More

 
Strategic Defaults Threaten All Major U.S. Housing Markets

Strategic Defaults Threaten All Major U.S. Housing Markets

In my last article, we examined the shadow inventory to determine how many distressed properties (not on MLS) were almost certain to be forced onto the market in the not-to-distant future. For a sensible follow up, let's take an in-depth look at so-called "strategic defaults" Read More

 
Shadow Inventory, an Avalanche That's Coming Soon?

Shadow Inventory, an Avalanche That's Coming Soon?

Much has been written about the so-called "shadow inventory" since the term was first coined a few years ago. Some analysts and commentators have argued about whether it even exists. Let's take an in-depth look at this shadow inventory and see whether it really is a threat to housing markets around the country. Read More

 
Home Equity Lines of Credit, the Next Looming Disaster?

Home Equity Lines of Credit, the Next Looming Disaster?

In a previous REAL ESTATE CHANNEL article, I discussed the madness of borrowing through home equity lines of credit (HELOC) during the bubble years. Read More

 
Will Growing Rental Trends Undermine U.S. Home Sales?

Will Growing Rental Trends Undermine U.S. Home Sales?

There is a far-reaching change occurring now which threatens housing markets around the country. A survey conducted by Harris Interactive for the National Apartment Association in May 2010 found that 76% of those surveyed now believe that renting is a better option than buying Read More

 
FHA Insured Mortgages, a Disaster in the Making?

FHA Insured Mortgages, a Disaster in the Making?

In a previous REAL ESTATE CHANNEL article, I pointed out that there were two main props supporting the housing market now. We examined the first one in detail - the banks withholding most foreclosed homes from the market. Read More

 
HOA Foreclosures; Necessary Tool or Extortion Racket?

HOA Foreclosures; Necessary Tool or Extortion Racket?

In 2000, an 81-year old widow named Wenonah Blevins had fallen behind by $814.50 on homeowners association (HOA) assessments in her Houston, TX subdivision. Read More

 
Why Are Banks Withholding Highend Repossessions Over $300,000 From the Market?

Why Are Banks Withholding Highend Repossessions Over $300,000 From the Market?

With the expiration of the first-time buyer tax credit on April 30, there are now two main props keeping the housing market afloat. One is the growing percentage of home sales financed by Federal Housing Administration (FHA) loan guarantees. Read More

 
Is There a Bottom in Sight for Commercial Real Estate?

Is There a Bottom in Sight for Commercial Real Estate?

In the last 18 months, the commercial real estate market has seriously deteriorated. Yet many analysts are hopeful that the worst is over and that pressure on property owners will begin to ease. Let's take an in-depth look at whether their optimism is justified. Read More

 
A Housing Price Collapse in Queens New York Is Almost Certain

A Housing Price Collapse in Queens New York Is Almost Certain

Many commentators continue to describe the housing market in Queens as surprisingly resilient. Hardly any has warned of a possible collapse. Is this a disservice to both sellers and buyers? Read More

 
Why Many U.S. Housing Markets Continue to Weaken

Why Many U.S. Housing Markets Continue to Weaken

In the first quarter of this year, the Case-Schiller U.S. National Price Index was 2% higher than in the same quarter a year earlier. Read More

 
Is Massive Refinancing During Bubble Years a Ticking Bomb?

Is Massive Refinancing During Bubble Years a Ticking Bomb?

During the four key years of the housing bubble - 2003-2006 - an incredible number of mortgages were refinanced. Read More

 
Soaring Short Sales Could Reduce 'Shadow Inventory' Backlog

Soaring Short Sales Could Reduce 'Shadow Inventory' Backlog

After several years of resisting short sales, the major banks have finally changed course. They have concluded that encouraging defaulted borrowers to pursue a short sale is preferable to waiting for the owner to leave, ... Read More

 
Fairfield County Connecticut: Are Home Prices Really Bottoming Now?

Fairfield County Connecticut: Are Home Prices Really Bottoming Now?

Fairfield County in Connecticut is sometimes called the "Gold Coast" because it has one of the highest median household income levels in the nation.During the housing bubble years of 2004-2006, home prices soared throughout the county.  While it has suffered... Read More

 
How Widespread Mortgage Fraud Toppled the U.S. Housing Market

How Widespread Mortgage Fraud Toppled the U.S. Housing Market

In the first two parts of this three-part series, we examined how a speculative mania had engulfed the housing market during the bubble years of 2004-2005 and then how it was financed by a total collapse in lending standards by the mortgage industry. Read More

 
Terms of Endearment: How the Speculative Madness Was Financed

Terms of Endearment: How the Speculative Madness Was Financed

(WESTPORT, CT) -- In the first article of this three-part series, we examined how a speculative mania had propelled the creation of a housing bubble in 2004-2005. In this report, we will describe how it was fueled by absurdly easy financing terms. Who Could Say No to These Terms? Read More

 
Are Long Island Home Prices Poised for a Sharp Decline?

Are Long Island Home Prices Poised for a Sharp Decline?

There are some who continue to believe that Long Island has managed to avoid the collapse that flattened other bubble housing markets.  This view may be little more than wishful thinking.Take the town of Great Neck in Nassau County.  Between... Read More

 
How Speculative Madness Changed the Housing Market

How Speculative Madness Changed the Housing Market

(WESTPORT, CT) -- It was the summer of 2004. People were camped out in Hollywood, Florida for the chance to buy one of the 285 units in a condo development called Radius. All of them sold out in 10 hours - half a year before construction was scheduled to begin. Read More

 
Investors Played a Key Role in Creating Housing Bubble

Investors Played a Key Role in Creating Housing Bubble

(WESTPORT, CT) -- The media has almost completely overlooked one of the most important aspects of the housing debacle. What has been disregarded is the key role that investors and speculators played in creating the housing bubble and exacerbating the collapse. Read More

 
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