Real Estate

http://www.newburymarealestate.com Tour Newbury, MA neighborhoods, condominium developments, subdivisions, schools, landmarks, recreational areas, and town offices.

Newbury, Massachusetts is located in the northeastern portion of Essex County. Pawtucket Indians hunted, fished and captured seasonal runs of smelt, alewives, shad, salmon and sea-run trout before settlers appeared. The shellfish were especially plentiful on Plum Island and were appreciated by the 100 people from the Wiltshire and Hampshire sections of England who established the first Colonial settlements in Newbury.

As the community grew, fishing became an important industry, as did small scale shipbuilding, weaving, tanning and shoemaking. Farmers dealt in cattle and sheep and by 1791 there were 3,000 head of cattle grazing on Newbury’s lands.

About the same time, Newbury set a pattern of diversified industry, producing woolen goods made by the first American-made wool carding machines as well as snuff, chaises and slate. Competition from England’s woolen mills decreased the emphasis on woolens and led to greater cotton fabric production and the establishment of a cooperage, nail factory and scythe mill.

In the late 18th and early 19th century, industry rivaled agricultural employment in Newbury. By the end of the 19th century, Newbury’s industrial base had declined, and dairy farming became the community’s staple economic activity. Now largely residential, Newbury offers a gorgeous natural landscape, easy access to Boston and excellent opportunities for recreation and leisure. Founded more than 350 years ago, Newbury is also home to a lovingly preserved historic district, which features some of the oldest surviving homes in New England. For other town tours visit http://www.virtualhomes.com . For towns in MA visit http://www.ma-virtualhomes.com . For MA relocation information go to http://www.relocationma.com . For a MA MLS map search visit http://www.virtualhomesmls.com .

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The Bright Side of the Housing Collapse….You can buy a home for as little as $40 (with payments as low as $0.19 per month!!! if financed)

One in five U.S. mortgage borrowers are underwater

NEW YORK (Reuters) One in five U.S. homeowners with mortgages owe more to their lenders than their properties are worth, and the rate will increase as housing values drop in states that have so far avoided the worst of the crisis, a new study shows.

About 8.31 million properties had negative equity at the end of 2008, up 9 percent from 7.63 million at the end of September, according to the study, released Wednesday by First American CoreLogic. The percentage of “underwater” borrowers rose to 20 percent from 18 percent.

Another 2.16 million properties could go underwater if home prices fall another 5 percent, the study shows.

First American said the value of residential properties fell to $19.1 trillion at year-end from $21.5 trillion a year earlier, with half the decline in California. Forty-three U.S. states and Washington, D.C., were included in the study.

While states such as California, Florida and Nevada were particularly stressed, the study showed worrying signs of deterioration in relatively healthy parts of the nation.

“The economic slowdown is broadening,” said Sherrill Shaffer, a banking professor at the University of Wyoming at Laramie and a former Federal Reserve official. “As more people lose jobs, it will be more difficult to sustain the levels of pricing and home ownership, and that is a big factor driving down housing prices in more parts of the country.”

Arizona, California, Florida, Georgia, Michigan, Nevada and Ohio remained the most stressed states, with 62 percent of underwater borrowers and just 41 percent of mortgages.

Other areas, though, also face more stress. Connecticut, for example, saw a 25 percent increase in homes with negative equity, while Washington, D.C., had a 44 percent increase.

“Even I continue to be surprised at the tentacles of this financial and economic debacle,” said Robert MacIntosh, chief economist at Eaton Vance Management in Boston. “More people are being laid off, resulting in reduced income and therefore less consumption. That leaves fewer people with money to buy homes, and the mentality is that people believe they should wait six months rather than buy now. Less demand means falling prices.”

Roughly 68 percent of U.S. adults own their own homes, and about two-thirds of these have mortgages. Many economists expect the nation’s unemployment rate to rise above 9 percent before the recession ends, up from January’s 7.6 percent.

CALIFORNIA, NEVADA UNDER STRESS

California had 1.9 million borrowers with negative equity at year-end, more than any other state, followed by Florida’s 1.28 million. About three in 10 borrowers in both states were underwater.

By other measures, Nevada was the most stressed, with 55 percent of owners having negative equity and borrowers on average owing 97 percent of what their homes are worth. About 28 percent owe more than 125 percent of their homes’ value.

Michigan had 40 percent of its homeowners underwater, while Arizona had 32 percent.

New York fared best, with just 4.7 percent of borrowers with negative equity and an average 48 percent loan-to-value ratio, though this could change as employment and bonuses slide in the financial services industry.

According to the S&P/Case-Shiller Home Price Indices, prices of U.S. single-family homes slumped 18.5 percent in December from a year earlier, the biggest drop in the 21-year history of the data.

Many lenders are taking steps to keep borrowers out of foreclosure. The Obama administration has backed legislation that could broaden powers of bankruptcy judges to modify mortgages for troubled borrowers. Among major lenders, only Citigroup Inc has supported such a plan.

MacIntosh expects housing prices to keep falling until “well into” 2010. “There is no magic bullet or magic arrow here,” he said. “It is a question of trying to come up with ideas and seeing what happens. It could take a long time.”

First American CoreLogic is an affiliate of title insurance and real estate services company First American Corp.

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Real estate investor . com video with Founders and CFO. Real Estate Investor is all about real estate investing and assisting those that want to learn about real estate. Check us out!

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The way I see it the american realestate market was first to go down and some realitors may have found ways of continuing through the bad times I believe in being proactive not waiting for it to crash in the event of a canadian downturn want to be prepard

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Mark Fleming, Chief Economist, First American Core Logic discusses the housing market and why you”ll be hearing about negative equity and shadow inventory in 2010.

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First American Title is located on Colleyville Boulevard, near Market Street. Its unique presence of stand alone building mimics the architectural design of the corporate headquarters, which dates back to 1889. We have three Escrow Officers and a licensed assistant with over fifty years combined experience. The Colleyville branch bases its success on repeat and referral business. Each Escrow Officer customizes their services to fit the needs of their customers. Communication, fast response and technology are the keys that make this office standout among its competitors. We know that our office is the last step in the home buying and selling process, and therefore our goal is to provide a stress free, warm and inviting atmosphere. Please contact First American Title Company in Colleyville for a closing experience you will comfortable referring your friends and family to.

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WWW.BESTLANDS.COM (Worldwide Free Dating,Jobs & Real Estate)

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Now that corporations have unlimited access to influencing government, how long before china, Saudi Arabia, Russia, and EU pipeline their agendas through the corporations, of their prospective countries.

a) 1 years (congress)
b) 3 years (presidency and congress)
c) 5 years (congress )
d) 8 years (presidency and congress)
e) ?

By the way, you can thank republicans for putting America up for sale to the international community. America will now be expected to tap dance to the tone of the highest bitter. Now it is officially a whore.

Get ready people, because the New World Order is upon us. And republicans have put them on the drivers seat.

We used to have statesmen,
then they became politicians,
now they will become prostitutes.
Court ruling was 5 (republicans justices) vs 4 (democrat justices).

I think not. And the word you are looking for is bipartisan. It was all republican manure.
@Cosmic

I think not. And the word you are looking for is bipartisan. It was all republican manure.

A partition is a division of one whole. Its when you fraction one thing in to separate slices.

trust me – it was bi partition all the way and still is.

There are all kinds of grants you can get. Ask a loan officer from a local bank, if he/she doesn’t know, try another bank.

Who has the most american realestate of foreign countries could you please provide a link to that would be very helpful!

We own all the land, other countries may own properties, but we own it….

And you are right, Yankees do rock<3