St Louis Home Loans and Mortgage Lending: Home Values Still Down
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Reduction News: Home Values Fall $9 Trillion Since 2006
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, St Louis Loan Modification
The U.S. housing market has taken a hard hit value wise. American homes were worth about $1.7 trillion less in 2010 than they were worth in 2009, according to a report released by real estate website Zillow.
Last year's drop in home values is 63 percent larger than the $1 trillion dip in 2009, and brings the total
value lost since the housing market's peak in 2006 to a whopping $9 trillion.
While the home buyer tax credit helped revitalize the housing market in the second half of 2009 and the first half of 2010, home values continued their slide in the second half of the year.
Almost $700 billion in value was lost in the first half of the year, compared to Zillow's estimates of $1 trillion in the second half of 2010.
Only 24 percent of the 129 markets Zillow tracked increased in total home value this year.
Home values increased $10.8 billion in the Boston metropolitan statistical area (MSA), and $10.2 billion in San Diego (MSA).
The areas suffering the biggest drops in home prices include New York City, which lost $103.7 billion in value and Los Angeles, where home values fell $38.6 billion.
The steep declines in home values are pushing Americans further underwater with growing negative equity every year.
In the third quarter of 2010, 23.2 percent of single family homeowners with mortgages owed more on their mortgage than their home was worth which was up from 21.8 percent in 2009.
=============================================
Articles and News Sponsored by Liberty Lending Consultants
When applying for any type of St Louis mortgage or refinancing, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt.
Business Owners: Call us at (314) 334-0210 and retain us for one of the best commercial loan modification and principal loan reduction programs available. A principal reduction or loan modification can help if you are underwater with negative equity. As commercial lending and loan modification program consultants, Floyd Tapia and his lending and legal team can focus on bringing you innovative private lending solutions to meet all types of financing needs. We have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let us turn your challenges into closings (or from being underwater equity wise) and help you get a St Louis commercial lending, mortgage or financing loan.
Sponsored by:
Check back daily for more financial news.
We Are Now On Google Maps!
To "read" the boxy black-and-white bar code above, you'll need a smartphone. If you need a reader APP, you can => Download a QR code APP reader here.
=============================================
ARE YOU UPSIDE DOWN ON YOUR HOME?
ARE YOU FACING FORECLOSURE?
What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages?
Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos...
You can save your home or business and put a foreclosure stop on the process. A principal reduction or loan modification can also help if you are underwater with negative equity.
Take action now in order to save your home. Waiting will not help. It will only make your situation worse. This book shown below will take you step-by-step on how to properly fix your mortgage.
Before you hire an expensive attorney, do your due diligence first and educate yourself so that you make the right decision for you and your family.
This book will help you immensely in clarifying what to do and when to do it so that you are successful in this endeavor. Only then can you make the best decision. Click on the book. Read this book.
This "do-it-yourself" 60 Minute Loan Modification Program has literally saved the homes of thousands of consumers. This is what all homeowners need to help them smoothly proceed through this legal and complicated process.
