t******2
发帖数: 2265 | 1 A third of Chicago-area homes underwater
Story posted 2010.11.09 at 06:27 AM CST
The number of Chicago-area homes with negative equity in the Chicago area
continued to rise in the year’s third quarter, a troubling sign for a local
housing market struggling to recover.
Some 32.9 percent of all local single-family detached homes with mortgages
were underwater in September, meaning the homeowners owed more on the loans
than the properties are worth, according to new data from realty Web site
Zillow.com. That compares with 30.9 percent in June and 27.2 percent in
September 2009. The report does not include data on condominiums.
Nationally, 23.2 percent of homes have negative equity.
“Negative equity is going to continue to cast a pall over the housing
market for the next several years,” said Stan Humphries, Zillow’s chief
economist. “All these people are trapped in their homes and can’t move
onto another one and it’s throwing off more foreclosures. For people who
are not going to move anytime soon, it is much more of an academic issue.
For people who need to move or who encounter an economic issue, it’s a
material issue.”
Zillow also found that 27.7 percent of homes sold in the Chicago area in
September were sold for a loss. That compared with 26.8 percent in June and
24 percent in September 2009.
Within the city of Chicago, 17.6 percent of single-family homes and 20.99
percent of condos sold for a loss, Zillow said.
Story posted 2010.11.09 at 06:27 AM CST | p*********w
发帖数: 23432 | 2 可怜喔
local
loans
【在 t******2 的大作中提到】
: A third of Chicago-area homes underwater
: Story posted 2010.11.09 at 06:27 AM CST
: The number of Chicago-area homes with negative equity in the Chicago area
: continued to rise in the year’s third quarter, a troubling sign for a local
: housing market struggling to recover.
: Some 32.9 percent of all local single-family detached homes with mortgages
: were underwater in September, meaning the homeowners owed more on the loans
: than the properties are worth, according to new data from realty Web site
: Zillow.com. That compares with 30.9 percent in June and 27.2 percent in
: September 2009. The report does not include data on condominiums.
| g******4
发帖数: 6339 | 3 I heard this news on radio this morning. After QE2, the housing market may
be the same.
【在 p*********w 的大作中提到】
: 可怜喔
:
: local
: loans
| g******4
发帖数: 6339 | 4 I think US needs 10 year correction. Ben wants to speed it up.
【在 g******4 的大作中提到】
: I heard this news on radio this morning. After QE2, the housing market may
: be the same.
| a***x
发帖数: 26368 | 5 太少。继续观望
local
loans
and
【在 t******2 的大作中提到】
: A third of Chicago-area homes underwater
: Story posted 2010.11.09 at 06:27 AM CST
: The number of Chicago-area homes with negative equity in the Chicago area
: continued to rise in the year’s third quarter, a troubling sign for a local
: housing market struggling to recover.
: Some 32.9 percent of all local single-family detached homes with mortgages
: were underwater in September, meaning the homeowners owed more on the loans
: than the properties are worth, according to new data from realty Web site
: Zillow.com. That compares with 30.9 percent in June and 27.2 percent in
: September 2009. The report does not include data on condominiums.
| c*******d
发帖数: 1763 | 6 I think Ben cares more about not letting U.S. get into liquidity trap, and
make US the second Japan.
Also, rumor said the housing market in Chicago had been supply > demand two
years ago already. With the weak economy recovery, it'll take very long time
for homes to get back to the level of 2006. The underwater price is the new
norm.
【在 g******4 的大作中提到】
: I think US needs 10 year correction. Ben wants to speed it up.
| g******4
发帖数: 6339 | 7
You are right. Ben is one hand, Fed Reserve is pumping $$$, and another hand
, fed gov is spending $$$. Pumping and spending $$$ may make US avoid being
another Japan. Some people want to avoid being another Greece. Ex. GOP just
won and wants balanced budget.
The third hand, invisible hand, may do the work, clean the bubble. But, it
takes long and it is painful.
We, Chinese students, began to come here in 80s, and we met two recessions,
90-91 and 00-01. This time, it is different, it is financial crisis.
two
time
new
【在 c*******d 的大作中提到】
: I think Ben cares more about not letting U.S. get into liquidity trap, and
: make US the second Japan.
: Also, rumor said the housing market in Chicago had been supply > demand two
: years ago already. With the weak economy recovery, it'll take very long time
: for homes to get back to the level of 2006. The underwater price is the new
: norm.
|
|
