Asid Idris's (asididris) Blog

The worst of the economic crisis is over, according to U.S. officials speaking at a financial conference Friday at Vanderbilt University. Frank Nothaft, the chief economist for Freddie Mac, said housing sales have just about hit bottom and a third of home sales are now foreclosed properties. Denn...

President Obama on Tuesday pointed to signs that the recession is ebbing as a result of a stronger real estate market, recapitalized banks, and auto industry rescue measures. “Taken together, these actions are starting to generate signs of economic progress,” he said. Federal Reserve Chair Ben Be...

RISMEDIA, April 16, 2009-RealtyTrac®, one of the leading online marketplaces for foreclosure properties, released its U.S. Foreclosure Market ReportTM for Q1 2009, which shows that foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 803,489 proper...

RISMEDIA, April 16, 2009-Search Engine Optimization, or SEO, is possibly the most bandied-about phrase on the Web. Gurus everywhere are claiming to be able to get you top search engine positions in a hurry … at a price. Some actually can help you in this regard, but any fast results are usually b...

RISMEDIA, April 16, 2009-With Earth Day right around the corner and the concept of ‘going green’ becoming more mainstream for both companies and homeowners, now is the time to look at the ways in which you too can join the green movement. This month’s Power Broker Roundtable focuses on the green ...

Even with hints of a housing recovery in some places, risky markets, dominated by nonprime mortgages, still prevail in a number of areas. Forbes magazine and Moody’s Economy.com surveyed the 200 largest metropolitan areas, adding up the number of loans to low-rated borrowers and dividing that sum...

Apartment vacancy rates reached an average of 7.2 percent in the first quarter of 2009, a 1 percent increase over the previous two quarters and the highest level since 2004, according to real estate research firm Reis Inc. At the same time, asking rents fell 0.6 percent and effective rents—what l...

For nearly a year, it has been almost impossible for buyers of homes selling for more than $417,00 in most parts of the country and up to $729,750 in pricier areas to find jumbo mortgages to pay for them. Now that appears to be changing. Bank of America recently began offering a 30-year fixed rat...

Money can’t buy happiness, but it can make life a whole lot easier. MainStreet.com’s Happiness Index examined household income, debt, employment, and foreclosures to choose the states that are surviving the current economic crisis with the most panache. The analysis discovered that despite disast...

Top Economists Say Recovery Has Begun Economic recovery is about making people feel more confident, says Mark Zandi, chief economist of Moody’s Economy.com. Zandi evidenced increasing home sales and gains in the stock market are some promising signs that the worst is over and people will start s...