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Mortgage Applications Edge Higher as Rates Hit 6 Month High Reuters | December 2, 2009 U.S. mortgage applications nudged higher last week, data from an industry group reported on Wednesday, as consumers showed a subdued reaction to the lowest interest ...[Read More]
Pending Sales of U.S. Existing Homes Rose in October Bloomberg | December 2, 2009 The number of contracts to buy U.S. previously owned homes unexpectedly rose in October as consumers rushed to take advantage of a tax credit that was due to expire. s of ...[Read More]
Guidelines Aim to Ease Short Sales The Wall Street Journal | December 1, 2009 The Obama administration laid out final guidelines on Monday that should make it easier for some financially troubled borrowers to sell their homes. The guidelines are designed ...[Read More]
U.S. Steps Up Pressure on Lenders to Modify More Mortgages The Washington Post | December 1, 2009 The Obama administration on Monday promised tougher scrutiny of lenders participating in its marquee foreclosure-prevention effort and threatened to penalize ...[Read More]
Practitioners and consumers have many of the same questions about where housing is headed. Here are a few answers provided by industry experts. http://go-to.realtor.org/r/NS2XEL/MS74W/QNUEMH/DT7OG/2775D/XL/t/[Read More]
Buyers are likely to have many questions about their eligibility for the extended and expanded tax credits. Here are some key features. http://go-to.realtor.org/r/NS2XEL/MS74W/QNUEMH/DT7OG/8KD5I/XL/t/[Read More]
Locations with many employment opportunities and stable home prices are faring the best in the economic downturn. http://go-to.realtor.org/r/NS2XEL/MS74W/QNUEMH/DT7OG/E998D/XL/t/[Read More]
New research from the First American CoreLogic reveals that 5.3 million U.S. households hold mortgages that are at least 20 percent higher than the value of their home. http://go-to.realtor.org/r/NS2XEL/MS74W/QNUEMH/DT7OG/QHBT3/XL/t/[Read More]
Existing-home sales are up and inventories are down, thanks in large part to the home buyer tax credit. http://go-to.realtor.org/r/NS2XEL/MS74W/QNUEMH/DT7OG/W00V7/XL/t/[Read More]
Citi Calls for More Mortgage-Principal Forgiveness The Wall Street Journal | November 25, 2009 As unemployment rises, more borrowers need principal forgiveness on their mortgages, not just restructured loans, Citigroup Inc.'s mortgage chief said. The ...[Read More]
Home Sales Rebound to Early-2007 Level The Washington Post | November 24, 2009 Economists and policymakers got what they were looking for Monday: a clear uptick in the housing market. The catch is, few believe it's sustainable.[Read More]
PLAN CARRIES POLITICAL RISK Unused money might be used to reduce U.S. debt adsonar_placementId=1483534;adsonar_pid=1900771;adsonar_ps=-1;adsonar_zw=228;adsonar_zh=215;adsonar_jv="ads.adsonar.com"; By David Cho, Michael D. Shear and Lori Montgomery Washington ...[Read More]
Daily Real Estate News | November 19, 2009 | NAR and DocuSign Partner on E-Signatures An ability to sign bids and closing documents online will allow REALTORS ® to respond to buyers and sellers in a more timely manner, as the NATIONAL ASSOCIATION OF ...[Read More]
Daily Real Estate News | November 20, 2009 | 15-Year Rate Hits Record Low The average rate for 15-year mortgages reached a new bottom this week, dipping from 4.40 percent to 4.32 percent—the lowest level since Freddie Mac began tracking rates in ...[Read More]
Daily Real Estate News | November 20, 2009 | Housing at Its Most Affordable in Years One piece of good news coming out of the Great Recession is the increasing affordability of housing. The typical U.S. family earning the nation’s median income of ...[Read More]
Daily Real Estate News | November 16, 2009 | In America, Optimism Trumps Bad Times The economic and political challenges the United States faces are unprecedented but former Secretary of State Condoleeza Rice offered a generous serving of optimism with ...[Read More]
Daily Real Estate News | November 20, 2009 | Delinquent Mortgages Reach Record Levels Almost 10 percent of all mortgages on one- to four-unit properties are in some stage of foreclosure, up from 2.65 percent a year ago on a seasonally adjusted basis, according ...[Read More]
Your Personal Information is For Sale The Herald-Zeitung | November 20, 2009 Under the protection of open records laws, private companies are mining citizens' personal information from the Comal County Clerk's Office and selling to marketers. And ...[Read More]
Housing Recovery in U.S. Set Back to 2010 as Market Wanes Bloomberg | November 20, 2009 A recovery in U.S. housing will have to wait at least until next year. The outlook for the home market dimmed this week as residential construction and mortgage applications ...[Read More]
FHA Feeling the Heat to Pump Up its Reserves The Chicago Tribune | November 20, 2009 For the past several years, the Federal Housing Administration has been the go-to financing resource for cash-strapped homebuyers who can't come up with a big down ...[Read More]
Problem Mortgages Hit New High at 14 Percent The Washington Post | November 20, 2009 More than 14 percent of borrowers were in trouble on their mortgage during the third quarter, a new record, according to an industry survey released Thursday, which also ...[Read More]
Housing Recovery in U.S. Set Back to 2010 as Market Wanes Bloomberg | November 20, 2009 A recovery in U.S. housing will have to wait at least until next year. The outlook for the home market dimmed this week as residential construction and mortgage applications ...[Read More]
NEW QUARTERLY STATISTICS ON STATE HOME SALES AND METRO AREA PRICES The latest NAR quarterly survey of metropolitan area home prices shows that 45 states and the District of Columbia experienced increased sales from the 2nd quarter of 2009 to the 3rd quarter ...[Read More]
THE GREAT PROFILE: 2009 EDITION The new 2009 NAR Profile of Home Buyers and Sellers was just released, and shows that first-time buyers accounted for 47 percent of home purchasers between July of 2008 and June of 2009. Thats the largest share of first-time ...[Read More]
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