Eureka Capital Investments
REVITILIZING THE US REAL ESTATE MARKET
one step at a time
Lucrative opportunities for domestic and international investors
Archive for the ‘Uncategorized’ Category
Are We Close to the Bottom?
The chart above shows the index levels for the 10-City and 20-City Composite Indices. (source Case-Shiller, read full report, see raw data). As of February 2009, average home prices across the United States are at similar levels to where they were in the third quarter of 2003.
Today’s prices are lining up well with the long term historic price increase (inflation +2%) of the real estate market
Bad Loans Make Charges More Likely at Small-Cap Banks
Reserves fall short of covering non-performing assets at 110 of 181 small-cap banks and institutions on the Russell 2500 Financial Services Index, according to first-quarter data compiled by Bloomberg. Non-performing assets are mostly loans 90 days or more overdue. Read Full Article
OCC and OTS Mortgage Metrics Report
The office of the Controller of the Currency (OCC) and the Office of Thrift Supervision (OTC) released the mortgage metrics report based on Q4 2008 data.
The percentage of non performing notes increased to 10.05% from 6.66% between the first and last quarter 2008.
Re-default rates of Modified Loans approaches 60% after 6 months of the modification. Read Full Report