Which end is up?

Is your head buried in the sand while your backside protrudes skyward for the whole world to come along and kick? Tay appention, here are some more interesting links for you to explore as you attempt to grasp a portion of the reality that has become the US housing market, and to an extent represents both the national and global economies . . .


http://www.benzinga.com/10/07/404577/foreclosures-continue-to-dramatically-increase-in-2010

interesting take on future of US housing market, and possibly US economy in general



http://money.usnews.com/money/personal-finance/real-estate/articles/2010/07/16/6-reasons-the-housing-market-hasnt-recovered.html

US News & World Report You’ve heard them all from us before, so here they are 6 reasons the housing market isn’t recovering, summarized by US News & World Report



http://www.reuters.com/article/idUSN2924663420100729

Reuters Lowest interest rates on record lead only to refinances, not new sales



http://finance.yahoo.com/news/Foreclosure-activity-up-apf-648738451.html?x=0&sec=topStories&pos=3&asset=&ccode=

Reuters Foreclosure activity continues to increase . . .



http://www.bloomberg.com/video/61784926/

Bloomberg Co Creator of Case Shiller housing index says US housing is “dead in the water.”

And the beat goes on . . .

8.5 million US homes currently for sale
+ 11 million US mortgages currently delinquent
+ 12 million US properties currently held by lenders and NOT on market
+ 15 million US homes under water
+ 20+ million more US strategic defaults and foreclosures coming
__________________________________
ENORMOUS supply for MANY years to come



no more tax credit
+ more stringent lending requirements
+ dropping credit scores
+ high unemployment
+ lack of consumer confidence
__________________________________
Historically low demand for years to come
Even NAR and their typically "pie in the sky" estimates are only projecting 5.3 million sales this year (we will actually end up closer to 4.8 million if you are keeping score)

what do YOU think will happen when supply is high and demand is low for the next 5-7+ years??? email Think@TRGHelp.com and ask for access to our upcoming call on "Where the US housing market is, how it got there, where it's going, why and how savvy property owners can maximize their opportunities.

Here are a few new links . . .



http://www.time.com/time/business/article/0,8599,2003578,00.html

Time house prices slashed across the country as sellers are forced to become more realistic – LOTS more to come!

http://www.cnbc.com/id/38204299

CNBC major drop in US credit scores will lead to less borrowing/less demand and even slower absorption

More relevant info on the US Economy and Real Estate Market

Over the past week or so here are some of the articles that caught our attention . . . check them out and we would love your thoughts, email us Info@TRGHelp.com (if you aren't already plugged into The RESULTS Group's 100 Club where you can learn to effectively communicate this information you are missing out! http://www.trg100club.com/ )


http://realestate.yahoo.com/promo/housing-double-dip-appears-to-be-underway.html
Yahoo/Zillow housing double dip under way – duh!


http://finance.yahoo.com/news/Biggest-Defaulters-on-nytimes-3203153456.html?x=0&sec=topStories&pos=4&asset=&ccode= NY Times The wealthy are walking away and defaulting far faster than the rest of the country . . . what do they know that you should?

http://www.forbes.com/2010/07/07/housing-double-dip-personal-finance-real-estate-dip.html?boxes=Homepagechannels Forbes.com second dip in housings correction well under way . . . 11 MILLION homes currently delinquent!!!

http://www.businessweek.com/news/2010-07-06/rogoff-says-u-s-housing-won-t-come-back-for-a-long-time.html business week Harvard economist says US Housing “won’t come back” for a long time

Updates you should be aware of - real estate market is ready to become Humpty Dumpty

Below are numerous links to main stream media articles all supporting what we have been sharing for years . . .


http://finance.yahoo.com/news/May-pending-home-sales-tumble-apf-2024500274.html?x=0&sec=topStories&pos=main&asset=&ccode=
AP – home sales drop in May to lowest level on record - DID YOU SEE THAT, HOME SALES DROP TO LOWEST LEVEL ON RECORD!!!



http://finance.yahoo.com/news/Home-refinancing-up-but-rb-1215423766.html?x=0&sec=topStories&pos=4&asset=&ccode=
Reuters home buying demand at 13 year low - DO YOU NEED MORE THAN ONE REPUTABLE SOURCE?

http://money.cnn.com/2010/06/30/real_estate/discounts_on_foreclosures/index.htm?source=cnn_bin&hpt=Sbin
CNN Money foreclosed homes selling at 30% discount - THERE ARE OPPORTUNITIES DO YOU KNOW HOW TO FIND AND TAKE ADVANTAGE OF THEM?

http://finance.yahoo.com/news/New-home-sales-plunge-33-pct-apf-1718773153.html?x=0&sec=topStories&pos=main&asset=&ccode=
AP – new home sales now at lowest level since 1963!!! - OH YEAH, IT'S NOT JUST RESALES

http://finance.yahoo.com/news/Mortgage-rates-sink-to-lowest-apf-2118457054.html?x=0&sec=topStories&pos=main&asset=&ccode=
AP – lowest rates since before 1971 and still VERY low demand - DESPITE WHAT IS NOW LOWEST RATES IN 50+ YEARS (4.58% LAST WEEK) WE STILL HAVE RECORD LOW DEMAND - OUCH!


Interesting Fact:
There is a $600 trillion derivatives market which equates to over $1.7million for each of 350million Americans – wow!