The phrase
"estate bust" refers to a significant decrease in the value of real estate properties, usually resulting in financial losses for those who own or invest in them.
Full definition
But most people had not really heard what a short sale is until the
real estate bust in 2007.
When we started to negotiate a lot more short sales for sellers after the real
estate bust in 2007 - agents did not even know what a short sale was.
Only a matter of months later, though, the nationwide real -
estate bust put a hold on those plans.
He's added to it practically every few years after first buying a stake in the firm in following the localized, early 1990s
real estate bust.
Just a few short years ago, the real estate market was flush with foreclosures, a result of the economic downturn and accompanying real
estate bust as people could no longer afford their mortgages.
The real
estate bust caused the recession to last 2 1/2 years longer in Florida than in the rest of the nation, said University of Central Florida economist Sean Snaith.
The real
estate bust hit this area particularly hard, and the economy actually shrank 4.3 percent between 2008 and 2011.
For some years now, CMBS proponents have contended that applying the discipline of the public securities markets to real estate will prevent the real
estate busts characteristic of past recessions.
During the real
estate bust Dallas home prices only fell 11 % while Los Angeles prices fell 42 %.
Orlando's housing market next year is expected to see reduced price growth that is likely to delay full recovery from the decade - old real
estate bust for years, economists say.
The real -
estate bust of the late - 2000s postponed those plans, but not indefinitely, and when his widow Adele took over the running of the market in 2012, she intended to finally see her husband's New Downtown come into being.
(Bloomberg)-- Anyone who got caught in the
real estate bust last decade in the U.S. or U.K. probably knows this already, but now the economic data is in: home ownership can be bad for you.More accurately, it can be harmful to the financial...
Low oil prices, a weakened currency and a potential domestic real
estate bust are all putting tremendous pressure on these banks.
I've discussed how to avoid foreclosure and how to avoid bankruptcy in the past, but in some cases, things don't work out too well, and there are people who end up becoming casualties of the real
estate bust, credit crisis and weak job market.
On the adjacent wall, the bookshelves resemble a library of financial doom, lined with titles such as Bubbles: And How to Survive Them, How to Profit From the Coming Real
Estate Bust, and Conquer the Crash.
Think back to the 2008 stock market crash that followed the real
estate bust.
With all of the residential activity, the demand for commercial construction is also increasing, but many construction workers left the business after the last real
estate bust and there are not enough people in the industry to take their place.
The other one was in the wholesale mortgage industry ended by the real
estate bust.
Established in 1965, Realty Executives was founded in Arizona and owned by same family until the real
estate bust in the U.S., when Tedesco's group acquired a controlling interest in the company.
He notes that a similar measure enacted as part of the 1981 tax reform package led to over-building and an eventual real
estate bust.
Given the real
estate bust, we thought we should buy versus pay off while prices were low.
(TNS)-- Q: Back during the real
estate bust, we fell behind on our mortgage and worked with our lender to get a loan modification.
Nevada and Arizona were especially hard hit by the real
estate bust.
Can you stay in your Wellington home for the next six years or so in order to gain back some of the equity lost in the real
estate bust?
About 15 years later during the Great Real
Estate Bust, Weiss noticed that in his little town outside Boston about 10 homes were actually appreciating while everything else was falling in price.
«Housing advocates will always push for lower lending standards but they will never admit that lower lending standards hurt lower income homeowners the most during the Great Real
Estate Bust.»
Where did home prices first start to fall during the real
estate bust?
To the degree that low down payment mortgages cluster in low and moderate income neighborhoods and given that low and moderate income households have less wealth to begin with, during a real
estate bust the disparate impact would be even larger declines in home prices for all homeowners in those neighborhoods (and not just those homeowners will little equity) and an even more devastating destruction of household wealth.
During the real
estate bust, home prices didn't fall as much in Washington D.C. as in the other bubble markets.
In Wellington there are many homeowners who have lost equity in their property - some to the tune of 50 % of their equity evaporated in the mortgage melt down and real
estate bust in South Florida.
After every real
estate bust, they're the ones who lose it all.
In 1996, when Mena and her husband bought their house, the region's last real
estate bust was just beginning to recede.
Even accounting for the biggest real
estate bust in U.S. history, equity investment in real estate still easily beat the return on stocks in the 20 years through 2016.
The fact is that there are buildings that have not been effected very much by the real
estate bust.
I think American attitudes towards walking away from your mortgage changed a ton because of the real
estate bust.
My theory is that before the real
estate bust, getting foreclosed on was considered to be shameful but after the real estate bust getting foreclosed on is only considered to be unfortunate.
Washington D.C. was one of the strongest U.S. real estate markets (or «least weak» market) during the real
estate bust.
You should have learned this during the 2008 — 12 real
estate bust.
Since the start of the 21st century, Miami has had a real estate boom, a real
estate bust and now another real estate boom.
Newer loans are benefiting from rising property prices, tighter underwriting requirements and the lowest jobless rate in seven years, while mortgages originated before the real
estate bust are still moving through foreclosure.
Morningstar vice president Steven Jellinek noted how Houston's diversified economy has helped prevent a commercial real
estate bust.
Phrases with «estate bust»