Real Estate News

June 1, 2010

May 30, 2010

  • Reports Show Declines in Mortgage Defaults

    Reports Show Declines in Mortgage Defaults
    Two reports examining trends in serious delinquencies — home loans on which borrowers are at least 60 days behind on payments — may finally be starting to decline.
    A report from the credit data firm TransUnion said such delinquencies fell slightly across the nation in the first quarter of 2010 — [...]

May 21, 2010

  • Housing Index At Highest Level Since ‘07

    Housing Index At Highest Level Since ‘07
    U.S. homebuilders are growing more optimistic about their fortunes, with many expecting improved sales and customer traffic in coming months despite the end of homebuyer tax incentives.
    The government incentives helped to boost home sales this spring as many buyers raced to purchase a home in time to qualify before [...]

May 16, 2010

  • Pending Home Sales Increase in March

    Pending Home Sales Increase in March
    The spring homebuying season may be gaining momentum, according to the latest data from the National Association of Realtors.
    The number of contracts signed, which is measured by the company's Pending Home Sales Index, reached 102.9 in March. This is a 5.3 percent increase over the previous month's 97.7, according to [...]

May 13, 2010

  • Fewer Homeowners Falling Delinquent

    Fewer Homeowners Falling Delinquent
    A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of March 2010 shows that, while foreclosure and mortgage delinquency rates are still near record levels, the pace may be slowing with fewer new loans becoming delinquent and an increase in the number of people bringing their [...]

May 1, 2010

April 30, 2010

  • More Evidence of a Bottom in Housing

    More Evidence of a Bottom in Housing
    According to recently released data, U.S. housing starts have risen 30% from their all-time low in April '09. In addition, building permits increased 38% over the same period. And not surprisingly, the Bloomberg index of home builders' stocks bottomed last July and has since risen over 50%. The prices [...]

April 25, 2010

  • Home Prices Drop for Seventh Straight Month

    Home Prices Drop for Seventh Straight Month
    Integrated Asset Services, LLC (IAS) reported recently that its benchmark for national house prices fell 0.6 percent in February. The drop marked the seventh straight monthly decline reported by the collateral valuation firm and pushed its home price gauge to April 2004 levels.
    With the February decline, the IAS360 House [...]

April 23, 2010

  • Car, Home and Credit Card Interest Rates to Increase

    Car, Home and Credit Card Interest Rates to Increase
    Interest rates are beginning to rise once again as the economy begins to take hold once more. This will place many consumers in a bind who are still struggling to make payments on things they own.
    Economists are predicting that rates are being raised to prevent further inflation. [...]

April 17, 2010

  • Making Sacrifices in a Tough Economy

    Making Sacrifices in a Tough Economy
    More than two thirds of Americans who've been unable to sell their home and buy one better fitting their needs have cut back on household expenses such as food, entertainment and clothing in order to pay their mortgage.
    Homeowners who have fallen on financial hard times have made other sacrifices and [...]

April 12, 2010

  • Homeowner Aid Expanded

    Homeowner Aid Expanded
    The Obama administration announced programs to help U.S. homeowners avoid foreclosure, including subsidies for borrowers who owe more than their home is worth.
    The plan expands Treasury Department and Federal Housing Administration efforts and uses funds from the $700 billion Troubled Asset Relief Program. The administration faced a week of criticism from lawmakers and [...]

April 9, 2010

  • Residential Construction Spending Up Slightly

    Residential Construction Spending Up Slightly
    The U.S. Census Bureau recently released their February read of construction spending showing a continued slowing of the government’s tax-carrot fueled bounce in residential construction spending while indicating continued weakness to non-residential construction spending.
    Even with the governments tax-credit gimmick, residential construction spending is still 3.85% below the level seen last year [...]

April 1, 2010

March 25, 2010

  • New Legislation Introduced to Remove Marriage Penalty

    New Legislation Introduced to Remove Marriage Penalty
    Legislation was recently introduced by Representative Eliot Engel (D-NY17) that would amend the Internal Revenue Code of 1986 eliminating the so called “marriage penalty” from the Home Buyer Tax Credit.
    The current guidelines require both spouses to have the same exact ownership history in order to claim the tax credit, [...]

March 14, 2010

  • Pending Home Sales Down - Severe Weather To Blame

    Pending Home Sales Down - Severe Weather To Blame
    Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®.
    Moreover, the abnormally severe and prolonged winter weather, which affected large regions of the U.S., hampered shopping activity in February.
    The Pending Home Sales Index, a forward-looking indicator [...]

March 12, 2010

  • Struggling Refinance Program Extended

    Struggling Refinance Program Extended
    The Obama administration recently announced that borrowers with little or no equity in their homes will have yet another year to take advantage of a refinancing program that so far has made little progress.
    The initiative, known as Home Affordable Refinance Program (HARP), was set to expire in June. But, so far, it [...]

March 8, 2010

  • Federal Home Buying Support Still Wanted

    Federal Home Buying Support Still Wanted
    According to a new poll by the National Association of Home Builders (NAHB), Americans remain strongly committed to federal support for home buyers.
    Roughly 68 percent of those polled said the government should continue to support housing, and 65 percent believe the government should be doing more to keep families from [...]

March 1, 2010

February 27, 2010

  • The Government Wants out of the Housing Market

    The Government Wants out of the Housing Market
    The US federal government is looking to get out of the housing market whether we are prepared for it or not. Actually, the scheduled date of the fed pull out has been narrowed down to be within a few months time.
    By this happening there will be an increase [...]

February 24, 2010

  • Foreclosure Activity Declines in January

    Foreclosure Activity Declines in January
    A total of 315,716 U.S. homes were mired in the foreclosure process in January, a 10% decline from foreclosure activity measured in December.
    That number is still 15% above the level of foreclosure activity reported in January 2009. The report shows that one in every 409 U.S. housing units last month received [...]

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