Yep, it's going to be better by the weekend...right?

New filings mean more supply hitting the market approximately 30-36 months from now.

Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/44885244

Only 858 days for banks to foreclose...

By now I'm sure you've heard stories of people living in their homes for free, without making a mortgage payment to their lender, for months if not years.

Click on the title above or the link below to review the entire AARP article.
http://www.aarp.org/money/credit-loans-debt/info-09-2011/foreclosed-and-paying-no-mortgage.1.html

New mortgage foreclosure notices jump to highest level in 4+ years...

3.5 million homes that should be foreclosed on and aren't even in the pipeline yet (that's another entire year of supply). Yep, sounds like a bottom to the housing market is here...NOT!

For sometime now, Kirk Nace has been sharing that the US Housing market will not hit a bottom before 4Q 2015. Looks like he has been wrong, as it won't occur until at least the second half of 2016.


Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/44529477

Half of US homes effectively under water!!!

We contacted national analyst and consultant Kirk Nace for his take on this new report, "This is, has been and will continue to be an ongoing downward spiral for as long as politicians continue to tack on band aid after band aid. As I have shared with clients for many years, the key to a true bottom remains the government completely getting totally out of the housing market. No more backstops, no more artificially low interest rates, no more low and no money down programs. Simply stop, prices will correct another 20-25% overnight and create a true bottom. The alternative that our elected officials seem hell bent on creating is to cause even more pain spread over an even longer period of time. There will be more pain to come, dragging it out over an indefinite period of time only prolongs the length of time before healing can begin." Said Nace in his typical non apologetic manner.


Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/45209336

Foreclosure rain delay ending...

We asked Kirk Nace, real estate consultant and owner of the best crystal ball in the business, his thoughts on this article..."here they come, get ready because there will be more distressed properties over the next 5 years than over the past 5 years! But if you've been paying attention to what we've been sharing you have known this and you have positioned yourself to profit accordingly." Nace said.

Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/45240073