father time auctions and accredited real estate auctions st louis mo: Florida’s Existing-Home, Condo Sales Continue to Surge in May - 06/28/10 11:41 PM
In what seems to be a never-ending trend, Florida’s existing-home and condo sales increased once again in May, according to the latest housing data released by Florida Realtors.A total of 16,745 single-family existing homes were sold in the Sunshine State last month, jumping 18 percent from the number of homes sold in May 2009. This marks the 21st consecutive month that sales activity has increased in the year-to-year comparison.And existing-condo sales made an even more notable increase. Statewide, 6,779 units were sold in May, soaring 40 percent from the previous year’s sales figure.Growth in existing-home and condo sales was reported in … (0 comments)

father time auctions and accredited real estate auctions st louis mo: AUCTION: Wentzville MO 3 BR House 5.36 Acres Friday June 25 at 1PM - 06/24/10 11:33 PM
1990 S. Pointe Prairie Road, Wentzville, MO 63385

(1 comments)

father time auctions and accredited real estate auctions st louis mo: Three Community Banks Shut Down by Regulators - 06/07/10 10:08 PM
Banks in Illinois, Mississippi, and Nebraska were closed by their regulators over the weekend, bringing the number of failed FDIC-insured institutions to 81 for the year.
The FDIC was unable to find another financial institution to take over the banking operations of Arcola Homestead Savings Bank in Arcola, Illinois, and has approved the payout of the failed banks’ deposits. Arcola Homestead had approximately $17.0 million in assets and $18.1 million in deposits, all of which were insured.The FDIC estimates that the bank’s failure will cost the agency $3.2 million. Illinois has now had 12 bank closings this year, trailing only Florida … (0 comments)

father time auctions and accredited real estate auctions st louis mo: NAR Predicts Peak in Commercial Real Estate Vacancies Near Early 2011 - 05/27/10 10:38 PM
The commercial real estate market continues to be plagued with rising vacancy rates. But according to a recent report by the National Association of Realtors (NAR), vacancies should level out in most markets by the end of this year or early 2011.Lawrence Yun, NAR chief economist, said the multifamily sector is currently a “bright spot” in commercial real estate. He said this sector can expect increased demand as the economy creates jobs and new households are formed, likely in the second half of this year.However, Yun predicts the office, warehouse, and retail sectors will continue to experience the delayed effects of … (0 comments)

father time auctions and accredited real estate auctions st louis mo: Poor Risk Management, Unrealistic Optimism Collapsed Housing - Report - 05/27/10 10:32 PM
It’s hard to pinpoint just what brought the nation’s thriving residential real estate market to its knees. Everyone’s got an opinion, but trying to nail down the exact trigger in order to prevent a sequel is a difficult task. The Mortgage Bankers Association (MBA) is attempting to do just that.According to a study released Wednesday by the trade group, poor risk management habits, including insufficient data and incomplete performance metrics, coupled with a short-term focus and unrealistic optimism among senior business managers were all factors that contributed to the collapse of the U.S. housing and mortgage markets.The study entitled, Anatomy of … (0 comments)

father time auctions and accredited real estate auctions st louis mo: Homeowners 'Overconfident' About Home Values - 05/21/10 11:17 PM
According to the Q1 Homeowner Confidence Survey conducted by Seattle-based Zillow, 50 percent of homeowners nationwide believe their own home’s value declined in the past year. But in reality, 65 percent of U.S. homes have dropped in value in the last 12 months.This overconfidence brought Zillow’s Q1 2010 Home Value Misperception Index up to 5, a jump from -2 in the Q4 2009 index. Zillow said an index of zero indicates that homeowner perception is in line with reality, while a negative index suggests that homeowners are overly pessimistic about the value of their own home.While homeowners were considered overly confident … (3 comments)

father time auctions and accredited real estate auctions st louis mo: Industry Experts Say Housing Recovery Starts in 2011 - 05/21/10 10:56 PM
The housing recovery is just around the corner – at least that’s the consensus among a panel of 92 well-known industry economists and analysts.The Madison, New Jersey-based analytics firm MacroMarkets LLC, founded by Robert Shiller, real estate sage and father of the closely-watched Case-Shiller Home Price Index, polled the group of housing market experts and strategists from the likes of Alliance Bernstein, Columbia Business School, Deutsche Bank, Moody’s Analytics, and the GSEs.Based on their responses, the onset of price recovery in U.S. single family real estate is widely expected by 2011.Between 2010 and 2014, the panelists forecast a rise in home … (0 comments)

father time auctions and accredited real estate auctions st louis mo: Senate Scales Back Risk Retention for Bundled Mortgages - 05/15/10 11:12 PM
Senators unanimously approved an amendment to the financial reform package that would exempt “qualified mortgages” from the 5 percent risk retention requirement on loans bundled and sold to investors as securities.The amendment, sponsored by Sens. Johnny Isakson (R-Georgia) and Mary Landrieu (D-Louisiana), requires regulators to establish a category of well-underwritten loans called “Qualified Residential Mortgages.” These loans would be not be subject to the risk retention provision already included in the Senate’s reform bill.Isakson explained that to define a “Qualified Residential Mortgage,” regulators would use back-to-basics underwriting and product features proven to reduce consumer defaults, such as income documentation and established … (0 comments)

father time auctions and accredited real estate auctions st louis mo: Major Banks Under Investigation for Mortgage Investment Fraud - 05/15/10 11:07 PM
Prosecutors are investigating eight major banks to determine if they provided misleading information to credit ratings agencies in order to deceive investors about the quality of mortgage-backed securities (MBS) they were selling.New York Attorney General Andrew Cuomo has reportedly issued subpoenas to Citigroup, Goldman Sachs, Morgan Stanley, Bank of America’s Merrill Lynch, Credit Suisse, Deutsche Bank, Crédit Agricole, and UBS. According to news reports, the three major rating agencies — Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings — have also been subpoenaed.Credit ratings agencies have been blamed for missing the mark in assessing the quality of mortgage bonds that … (1 comments)

father time auctions and accredited real estate auctions st louis mo: Data Shows Decline in Negative Equity - 05/11/10 11:19 AM
The number of mortgaged residential properties sinking under the weight of negative equity declined slightly during the first three months of this year, CoreLogic reported Monday.According to the company’s market data, just over 11.2 million, or 24 percent, of all homes in the United States with a mortgage were worth less than the outstanding loan balance at the end of the first quarter of 2010. That figure is down from 11.3 million at the end of last year.An additional 2.3 million borrowers had less than five percent equity in their home, CoreLogic found. Together, negative equity and near-negative equity mortgages accounted … (1 comments)

father time auctions and accredited real estate auctions st louis mo: Fannie Mae Requests $8.4B in Federal Aid after Q1 Loss - 05/11/10 11:03 AM
Mortgage giant Fannie Mae has reported a net loss of $11.5 billion for the first quarter of 2010. The deficit has prompted the GSE to ask the Treasury for another $8.4 billion in federal funding.Last week, Freddie Mac requested $10.6 billion from the Treasury after it too posted another quarterly loss.According to Fannie Mae’s earnings announcement, after adding in $1.5 billion of dividend payments to the Treasury, the Washington, D.C.-based company’s total Q1 loss attributable to common shareholders was $13.1 billion, or $2.29 per diluted share.The negative column did narrow slightly, though, compared to the fourth quarter of 2009, when the … (0 comments)

father time auctions and accredited real estate auctions st louis mo: Report Outlines Strategies for Responding to Housing Market Troubles - 05/10/10 09:17 PM
With foreclosures, housing vacancies, and mortgage fraud at all-time highs, it’s no secret that the residential real estate sector is struggling. These intertwined problems are threatening the stability of entire neighborhoods, making the search for effective responses crucial.As part of this search, the Bureau of Justice Assistance brought together experts from around the country to examine possible solutions to these challenges. As a document of their conversation, the Justice Department’s Office of Justice Programs released a report Friday outlining the various strategies that were discussed.The report, A Full Response to an Empty House: Public Safety Strategies for Addressing Mortgage Fraud and … (1 comments)

father time auctions and accredited real estate auctions st louis mo: Foreclosure Crisis Caused by Borrowers who 'Overreached' says Economists Study - 05/10/10 09:11 PM
The true cause of the foreclosure crisis is up for debate. Did banks prey on unwitting consumers, or did households “overreach” and borrow more than they could afford? Economists at the University of Arkansas recently completed a study to answer that very question.The study, The Foreclosure Crisis: Did Wall Street Practice Predatory Lending or Did Households Overreach?, found the latter to be true.Although the researchers found some evidence of predatory lending, they concluded that a more accurate explanation of the foreclosure crisis was households who got in over their heads after borrowing more than they could afford. However, the researchers were … (1 comments)

 
Rick Bauer, St Louis MO Real Estate Auctioneer Realtor CAI GRI (FatherTime® Auctions and Real Estate)

Rick Bauer

St Louis MO Real Estate Auctioneer Realtor CAI GRI

Saint Louis, MO

More about me…

FatherTime® Auctions and Real Estate

Address: 2850 Lawndell Drive, St. Louis, MO, 63144

Office: (314) 962-4200

Mobile: (314) 614-3841

Email Me

Father Time Auctions is a full service provider of real estate disposition services including live open-outcry, sealed bid and online real estate auctions. Residential / Commercial / Farm and Land We are Real Estate Brokers and Agents that sell real estate to the highest bidder at auction.


Links

Archives

RSS 2.0 Feed for this blog