Housing recovery boom, bust states

Viewed through a prism of mortgage delinquencies, foreclosures and new loan originations, some states stand out. Here's a look at the best and worst.

By Gerri Detweiler, Credit.com

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kristina miller
Mar 20, 2013 7:54AM
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how can you buy a house when a financial institution checks on your credit score and the score automatically goes down,so if you wanna check with another bank for financing,you have to wait months for your credit score to come back up,this should be illegal,the three credit bureus need to be investigated,THIS SITUATION NEEDS ATTENTION DRAWN TO IT!!!!!!!!!!!!!!!!!!​FBI<SEC WHATEVER<THIS NEEDS INVESTIGATED
Q Tip Assassin
Mar 19, 2013 8:31PM
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Repackage this one, yet again, then post it next to the why young people are poorer article, and cheer for a "housing recovery".
Original Grey Ghost 1
Mar 19, 2013 10:16PM
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WHERE'S DETROIT???? GMC AND OBAMA SAID THE MOTOR CITY WAS COMING BACK??? YEAH RIGHT! WHERE'S ALL THOSE

GREAT JOBS? WHERE'S ALL THE GREEN ENERGY JOBS FROM THE BILLIONS HE WASTED ON FAILED GREEN ENERGY? BUT

HE REFUSES TO LET THE PIPELINE THRU AND MORE DRILLING OF CHEAP ENERGY???

Republican1
Mar 20, 2013 3:40AM
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This is more Blowbama BULLSH*T lies...just like the unemployment numbers. Jobless rate in ths country is 11.2%. It is 16.6% for African-Americans,  15.1% for Mexicans/Latinos and 13.9% for Chinese...This POS Pretender-in-Chief has F*CKED ths once-great country ON PURPOSE and has created a welfare state/VOTING base  that we will NEVER recover from as long as DUMBocrats are in office....what a Bast*rd SOB LIAR....
Wallace Torbert
Mar 20, 2013 9:27AM
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Well Hannity and Rush say N Dakota is a boom state.  Spured by fracking oil, so makes sense.
yo banks
Mar 20, 2013 10:41AM
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Anyone notice that in every state cited, new mortgage originations were almost non-existent? We can have the lowest mortgage interest rates in history and yet it won't matter until banks start actually MAKING LOANS AGAIN.  Even with good credit you can't get a mortgage.  Ridiculous.  HELLO FINANCIAL INSTITUTIONS!!  The housing market will continue to be depressed until banks start loaning money again so people can buy and sell again. 
hengsway
Mar 20, 2013 11:09AM
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I keep seeing the word deliquent.  That is not the only problem.  I don't owe one cent, never been late and a credit score that is over 815 so you go figure.  They are doing as they please and the government is still helping them and not you.  Someone is profiting from all of this that is going on and it is not the everyday Joe I can guarantee you.  If you can sit still and wait it out and really investigate and get educated on what you can do you can come out on top, LATER.  Be patient and wait them out, if you truly have a goal of fixing your finances do so now and then you will have the upper hand.  It will be difficult, anything worth having is worth saving for.  Every little thing that you can do, anything that is unnecessary don't buy it.  If you put everything on paper and list everything truthfully about what you are doing, you can help yourself.  Don't lie to you, they already have done this.  Face up to what you really want, and go and get it, you can do it, I know.
kristina miller
Mar 20, 2013 8:30AM
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people do not pay outragious fees to refinance to these ripoff banks and financial institutions!!!!OR MORTGAGE INSURANCE THAT HAS GONE UP!!!!
LINK MASSING
Mar 20, 2013 12:13AM
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     WHO IS RIGHT?  NEVADA NEWS REPEATEDLY SAYS NEW HOUSING AND HOUSING PERIOD IS UP.
Someone (schmendric)
Mar 20, 2013 9:55AM
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Sufficient that there is buying activity of homes in most states, albeit not as strong as we might like.  The activity is  somewhat spotty and the states do not share equally in it.  Since Texas never went crazy on home prices as the coastal states did during the bubble, it never suffered to the degree of those states. That's true of quite a few other states as well.  California home prices are rising again as buying activity comes back there also.  Causes me to wonder if it is building up to another bubble. An  800 s.f. condo there costs more than a 2500 s.f. SFR in Texas. That disparity is, I believe, rather ludicrous.  Even in bankrupt California towns, the homes are pricey by Texas standards.+

Its time to worry
Mar 20, 2013 2:01AM
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I am not sure what this story says because it does not show which states were the worse during the housing market crisis and how they have recovered. California, Nevada and Florida being the worse. California is still bad, but Florida has recovered quite a bit, especially in Tampa, where I come from and most foreclosures have dried up. The picture that is painted here I think is changing by the month in recovery zones. so if your looking for a good place to invest, I would think look at where the state was and where it is now, to determine where the best opportunities are for good short term investments in real estate.
Wallace Torbert
Mar 20, 2013 9:20AM
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Montana and N Dakota?   I guess 15 people can't be too delinquent.
Pragmatist.indiv.
Mar 20, 2013 7:18AM
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20% down seems a bit steep since we were at -100% before.
ty1312
Mar 21, 2013 8:15AM
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I have thought that for years. Not only do they punish you by bringing your score down, why not credit you when you pay early on your bills an in fact how about if you pay the complete balance!!! I think we ought to start a campaign on the fraudulence of the "credit scores".
sharriannie-
Mar 20, 2013 1:49PM
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I am seeing home prices going up in Nevada.  Our townhomes were selling for $68K - $70K, new listing are at $119K.  Don't know if they will sell at that price but they are going up.
Travis Brown
Mar 20, 2013 11:23AM
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Where is all the PMI money that people where paying into

when they couldn't afford to pay their mortgage anymore ???

Gary Boyce
Mar 21, 2013 7:58AM
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Well at least at the end of Obamas 8 years the next president can use the ole "Its Obamas fault"!

Oh wait Hillary will be automatic - so guess they can kick George Bush`s can for the next 12 years.

Guns and Gold
Mar 21, 2013 7:54AM
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Since someone did some work figuring this out, It would be more interesting to see all 50 states (or 57 States as Obama says) listed in order. I don't see my state listed and I don't see any lines to go back to work, just lines at unemployment.

 

I once read that 99% of all statistics are made up. Maybe, but twisted to the users benefit certainly.

 

I have no loans and pay off my credit card each month but I've been told both of these facts lower my credit score! In Obama world everything is screwy!

 

In Obama world Inflation statistics exclude food and energy.

 

 

 

 

Someone (Daving is raving)
Mar 20, 2013 1:37PM
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Not surprising considering the best places are where no one wants to live and the worst places are where everyone wants to live.   I could have guessed best and worst and would have been pretty close.
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