Foreclosures ticked up 7 percent in October from the prior month, RealtyTrac reported today, while defaults in California, Florida and Michigan hit 12-month highs.
Foreclosure filings were reported on 230,678 U.S. properties in October, with one in every 563 U.S. housing units with a foreclosure filing during the month. The foreclosure rate did drop, though, nearly 31 percent from October 2010.
Last year the economic forecasting firm Fiserv predicted that home values would sink around 5% in 2011, and that prices in three-quarters of the nation’s major metro areas would fall. The bad news is, the firm wasn’t that far off the mark. The good news: In the coming year, Fiserv thinks 95% of the 384 metro areas it tracks will see prices rise.
Don’t expect the market to move much beyond first gear, though. The median expectation among more than 100 economists and real estate pros surveyed by MacroMarkets is that home values will inch ahead by a mere 0.25%, compared to their 2011 median forecast decline of 2.8%. They also foresee annualized gains through 2015 of just 1.1%, as the real estate market slowly works its way through a mountain of foreclosures.
Imagine posting a funny home video to YouTube, then earning thousands of dollars for it. It’s not a hoax: If you can get your video to go viral, you can now earn money from YouTube. But it’s not as easy as it sounds.
Crazy stunts, great singing voices and amazing pets and babies. Those are the YouTube videos that tend to go viral, meaning millions of people have watched them. Yes, You Can Make Money
YouTube will now let you share the profits from ads on the site if your video goes viral. And that’s a big “if.”
The key to making a viral video, according to the New York Times : A great title, coupled with a unique or funny video. To view the article, go to www.nytimes.com/2008/12/11/business/media/11youtube.html .