Write Lightning is a blog from writer Deb Thompson.
Everyone is welcome here.
(Some links or topics may not be completely kid-appropriate.)
Everyone is welcome here.
(Some links or topics may not be completely kid-appropriate.)
Thu, Oct 19 2006
I love the sound of tack hammers in the morning
As I listen to the sound of carpet installers pounding tacking strips into place inside the new room addition on the other side of our house I'm reminded that a lot of people are facing tough times with their dwellings right now. In an increasingly chilly housing market many California home owners hoping to sell their residences have opted to pull their homes off the market in lieu of dropping their asking prices any further. (You may need to register to read that last linked story.)
Declining prices aren't the only problem homeowners face. There seems to be at least one new report a day of an increase in foreclosure proceedings in California and other states, including Nevada and Michigan. Colorado has started its own foreclosure prevention hotline to help frantic owners cope with the financial pressure they feel in the face of foreclosure. Foreclosure numbers in Florida, including the Palm Beach County area, have continued to rise through this past September. Other states are also seeing an increase of nervous owners who are trying to stay on top of payments and feeling forced, in some cases, to sell their home as quickly as possible in order to avoid foreclosure. And many of them are selling for little profit, or even at a loss, so they can just get out from under debt.
The pounding of tack hammers may be an assault to the ears at first thought, but I think I'll choose to call it a fortunate, happy sound when I consider the real estate hardships some homeowners are dealing with right now.
posted at: 09:36 | category: /Miscellaneous | link to this entry
As I listen to the sound of carpet installers pounding tacking strips into place inside the new room addition on the other side of our house I'm reminded that a lot of people are facing tough times with their dwellings right now. In an increasingly chilly housing market many California home owners hoping to sell their residences have opted to pull their homes off the market in lieu of dropping their asking prices any further. (You may need to register to read that last linked story.)
Declining prices aren't the only problem homeowners face. There seems to be at least one new report a day of an increase in foreclosure proceedings in California and other states, including Nevada and Michigan. Colorado has started its own foreclosure prevention hotline to help frantic owners cope with the financial pressure they feel in the face of foreclosure. Foreclosure numbers in Florida, including the Palm Beach County area, have continued to rise through this past September. Other states are also seeing an increase of nervous owners who are trying to stay on top of payments and feeling forced, in some cases, to sell their home as quickly as possible in order to avoid foreclosure. And many of them are selling for little profit, or even at a loss, so they can just get out from under debt.
The pounding of tack hammers may be an assault to the ears at first thought, but I think I'll choose to call it a fortunate, happy sound when I consider the real estate hardships some homeowners are dealing with right now.
posted at: 09:36 | category: /Miscellaneous | link to this entry
