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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (3829)	12/24/2003 8:56:05 AM
From: loantech	Read Replies (1) \| Respond to of 110194

Merry Christmas Russ. Thanks for starting this Russ. See you more on your original thread in 2004. <g> Tom

To: russwinter who wrote (3829)	12/24/2003 9:37:02 AM
From: mishedlo	Respond to of 110194

FOR RENT, FOR LEASE SIGNS APLENTY By Mike Ivey madison.com The vacancy rates for both residential rental property and commercial office space in Madison are continuing at near record levels. Some 1.6 million square feet of office space was sitting empty as of November, translating into a vacancy rate of nearly 15 percent, according to Wisconsin Tenant Representatives, a leasing agency. Vacancy rates on the residential side are also remaining well above normal. Some of the most desirable residential neighborhoods, including the near west side and downtown markets, are approaching a 10 percent vacancy rate, according to figures tracked by Madison Gas & Electric. Nancy Jensen of the Apartment Association of South Central Wisconsin said the situation has reached the point where some landlords aren't even advertising anymore. "Some people have dropped their ads because they can't afford it because the market just isn't there," she said, adding that the vacancies are running highest in the most affordable apartment units, those renting in the $450 to $850 a month range. … ROCKY MOUNTAIN NEWS FORECLOSURE FLOOD By year-end, Denver area to reach 15-year high; 'worst not over' By John Rebchook, Rocky Mountain News rockymountainnews.com Real estate foreclosures in the Denver area will hit a 15-year high this year. And the pain isn't over, despite signs of an improving economy. “The worst is not over for foreclosures," said economist Tucker Hart Adams. "Foreclosures lag the economy. And people are still losing their jobs. As more people exhaust all of their resources and run out of time, they can't hang onto their homes." About 9,050 foreclosures have been filed this year, and county public trustees are bracing for a big wave of foreclosures before year- end, which could drive the number to between 9,500 and 9,600. … In Boulder County, 468 foreclosures had been filed by Tuesday. But Chief Deputy Public Trustee Jim Wills expects the total to hit 500 this year. He said he's seen $400,000 homes in foreclosure where the borrower has a deficiency of $50,000. "People have refinanced so many times that they've taken all of the equity out of their homes," he said. …