Page 6 - Housing Values News Today

Governors family never owned, controlled or managed the property. and he hasnt been there in five years. presidential candidate herman cain offered this reaction on "fox news sunday." >> this is immoral, vile, negative word than the "n" word. for him to leave it there as long as it did before i hear that they finally painted over it, is just plain insensitive to a lot of black people in this country. >> perry communications director ray sullivan agreed the word is insensitive and offensive but s...

Governors family never owned, controlled or managed the property. and he hasnt been there in five years. presidential candidate herman cain offered this reaction on "fox news sunday." >> this is immoral, vile, negative word than the "n" word. for him to leave it there as long as it did before i hear that they finally painted over it, is just plain insensitive to a lot of black people in this country. >> perry communications director ray sullivan agreed the word is insensitive and offensive but s...

Best ones are behind us. rasmussen asking when you think about our nation in the context of history, are americas best days in the past or future. only 31% said the future. 53% said we already peaked as a nation. were you surprised by the result? >> i sure was. there is a deepening pessimism we are seeing in the country. we are suppose to be the land of opportunity. but now people are having this pessimistic view. 60% are saying their children wont be as well off as they are. partly because of t...

Some cases half the police force gone in camden. richard florida, the author of "the great reset," falling housing prices are one of the big things affecting state budgets. >> absolutely, falling housing prices are killing city budgets because cities and counties are so dependent upon that property tax as a source of revenue. but then as individuals lose their wealth, they lost their housing values, they go into foreclosure, that trickles down to the state and you get this kind of terrible cycle...

Falling housing prices are one of the big things affecting state budgets. >> absolutely falling housing prices are killing city budgets, because cities and counties are so dependent upon that property tax as a source of revenue. but then as individuals lose their wealth, their housing values, they go into foreclosure, that trickles down to the state and you get this kind of terrible cycle that the mayor was talking about. and then if the state comes, state budget cutts coms come, t hurt the city...

Loans in the default process. many will go through to a distressed sale and that will put downward pressure on home values. home sales and housing construction have stabilized at incredibly low levels but unfortunately i think we have more house price declines coming. we have over 4 million mortgage loans in the default process. many will go through to a distressed sale and that will put downward pressure on housing values. >> so, in fact, housing is so weak we had mark zandti tell you twice. th...

Important asset, probably your biggest debt, too, your house. we asked them is it weak, improving, strong or very strong? where do we stand right now? and the answer to a person with no disagreement is that the state of american housing is still weak. heres what mark zandy from moodys analytics said. >> housing is the economys weakest link. of course, it was ground zero for the financial panic in the great recession. we still have more work to do. home sales and housing construction have stabili...

Three months then i tell you it is hard to imagine that unless something dramatically happens, youll have to see job gains of 500,000, 600,000 in a month in these last three, four months before november so i have a feeling that it does feel like its cooked. look this thing -- the only thing that ill say is that the republican parties -- the one thing that -- they have one land mine and thats themselves at this point. there is certainly a sense out there that people, they want -- they certainly w...

Over the last three months not a single one of it has changed perceptions in the way people feel about the economy. and i have to say if they -- if it hasnt happened in the last three months then i tell you it is hard to imagine that unless something dramatically happens, youll have to see job gains of 500,000, 600,000 in a month in these last three, four months before november so i have a feeling that it does feel like its cooked. look this thing -- the only thing that ill say is that the repub...

You democrat and republican very powerful people in the finance world together? did that signal that republicans and democrats are going to pass something here? >> i think it could go either way today, more likely than not they could get something done. once you get to this step in the process, you tend to be able to get something across the finish line but i dont know for sure because theres a lot of angst on the democratic side and theyve had a very good push back on policy. it doesnt mean the...