NO MORE Mortgage Blog » Real Estate http://www.blog.nomoremortgage.com NO MORE Mortgage is a Unique Debt Elimination Company Thu, 15 Jul 2010 18:23:42 +0000 en hourly 1 Bank: Half of U.S. Mortgages Underwater by 2011 http://www.blog.nomoremortgage.com/bank-half-of-u-s-mortgages-underwater-by-2011.html http://www.blog.nomoremortgage.com/bank-half-of-u-s-mortgages-underwater-by-2011.html#comments Thu, 13 Aug 2009 14:46:27 +0000 admin http://blog.nomoremortgage.com/?p=101
  • First housing gain in 34 months
  • We Do not Take Political Sides
    • ]]>     NO MORE Mortgage has found a very interesting article about today’s housing market. The last line is very telling.

    If the main prediction comes true (see paragraph 3) then there can be no economic recovery until this issue is fixed, and/or the bubble completely bursts.

    Right now the markets believe we have “dodged the bullet” but NO MORE Mortgage continues to believe that we have only papered over the problem, and it will come back with a vengeance.

    For the rest of the story visit www.yahoo.com

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    1. First housing gain in 34 months
    2. We Do not Take Political Sides

    ]]>     http://www.blog.nomoremortgage.com/bank-half-of-u-s-mortgages-underwater-by-2011.html/feed/ 0     First housing gain in 34 months http://www.blog.nomoremortgage.com/first-housing-gain-in-34-months.html http://www.blog.nomoremortgage.com/first-housing-gain-in-34-months.html#comments Thu, 30 Jul 2009 14:26:32 +0000 admin http://blog.nomoremortgage.com/?p=75 NO MORE Mortgage is happy to see the latest home price statistics, but we are cautious that a final bottom has been set. One month does not make a trend. We continue to believe that the current rally, both in home prices and in the stock market, will be tested this fall, and if the indexes are still showing signs of improvement by October, then we can take heart.

    We remind investors of the terrible reality of what a 50% loss can do to an asset, whether it’s a home or a 401(k) account.

    If someone holds an asset worth $100,000 that declines by 50%, it now has a value of $50,000. In order for this asset to get back to its original value of $100,000, it would have to come back by 100%. In other words, a 50% decline takes a 100% recovery to make up.

    For more information on this story visit MarketWatch.

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