Featured #1
Featured #2
Featured #3
Featured #4
Featured #5
Featured #6
Featured Category
Global Gold Demand Up U.S. Dollar Down
China the world’s largest gold producer is set to break records for both production and consumption of gold. China over took South Africa, in 2007, to become the World’s largest producer of gold.
“Gold demand may be more than 450 metric tons compared with 395.6 tons in 2008, and output may climb to 310 tons, compared with 282 tons a year earlier, Zhang Yongtao, deputy secretary- general of the association, said at a conference in Kunming yesterday.”
Source: Bloomberg News
Gold is now flirting with a $1,200 an ounce (11-26-09). The continued weak U.S. Dollar could push a $1,500 an ounce sooner than later.
“The inflation concern this year has boosted the Chinese consumer demand for things like property, autos and gold…” This demand for hard goods vs. U.S. Dollar will most likely push China past India as the number one consumer of gold.
Read the full Story here:
Also, 60 Minutes did a story on Gold production from Congo and its tie in with the bloody conflict in that region. Story and video here:
Featured Category
Foreclosure Data 07-07-09
Last update: 07/07/09 9:13 PM
Preforeclosures: 469,829
Sheriff Sales: 50,834
Foreclosures: 493,321
Bankruptcies: 328,975
FSBOs: 40,096
Tax Liens: 971,379
Last update: 01/02/09 10:37 AM
Preforeclosures: 436,355
Sheriff Sales: 49,321
Foreclosures: 549,014
Bankruptcies: 263,318
FSBOs: 45,288
Tax Liens: 971,403
Total Listings: 2,314,699
Change Since Last Update:
Preforeclosures 7.6%
Foreclosures -10%
We have FREE foreclosure Listings. Find a discount property now.
Source: http://www.foreclosure.com/
Featured Category
Home Sales at a 7-year low
“The National Association of Realtors Pending Home Sales Index, based on contracts signed in November, dropped 4.0 percent to 82.3, the lowest level since the series started in 2001. That was worse than economists’ expectations for a 0.1 percent drop.” Read the full article here.
“”Mounting job losses and very weak consumer confidence deterred home buyers from signing contracts in November,” said Lawrence Yun, NAR chief economist.”
So when will the housing market bounce back?
Dr. Housing Bubble says:
When the employment situation improves.
When wages start increasing again.
When there is a lack of inventory on the market.
I agree.
Featured Category
Online Resources
There is an amazing amount of Real Estate information online. Everything from great research sites like Zillow.com, Redfin.com and Trulia.com to top notch blogs, such as Doctor Housing Bubble. Learning about the real estate industry has never been easier, all the information is right at your figure tips. I have listed some links below to get you started.
Real Estate Research Sites:
http://www.zillow.com/
http://www.redfin.com
http://www.trulia.com/
http://www.propertyshark.com
Real Estate Data Sites:
Data Quick
Foreclosure Radar
Foreclosure Listing sites:
http://www.foreclosure.com/
http://www.realtytrac.com/
Foreclosure Research sites:
http://en.wikipedia.org/wiki/Foreclosure
http://www.hud.gov/foreclosure/
http://www.freddiemac.com/
http://www.irs.gov/
Loan Modification Information
http://www.foreclosureindustry.com/category/loan-modification
Blogs
http://www.doctorhousingbubble.com/
More coming soon….
