WASHINGTON (AP) - New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades. Great news or just a seasonal factor coming to play? Residential sales activity is returning to th
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07/27/2009
Reported from Bloomberg.com According to the U.S. Census Bureau, 18.7 million homes stood empty in the U.S. during the second quarter. (This includes foreclosures. residences for sale and vacation homes.) While there are many reasons why so many homes are vacant, one could attribute the housing b
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07/27/2009
Homes of previously occupied housing increased 3.6% from May to June. Are we surprised? Or just so affixed to our computer screens, blackberries and cell phone that we forget real estate is Seasonal! If home sales did not increase we would be floored, desperate and start to panic again. Analy
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07/23/2009
When TARP was created in 2008, $700 billion was allocated to assist financial institutions in trouble. As of June 2009, $441 billion was distributed; leaving $259 billion available. As of June 2009, several major financial institutions repaid $67 billion, and $6.5 billion in interest and fees.
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07/21/2009
There has been so much talk of TARP and the lack of assistance to mortgage holders. As real estate professionals we are affected greatly by the current stagnation in mortgage servicing and new loan orgination. We need your comments regarding an idea that was formulated and is receiving praise fr
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07/21/2009
In an article posted by Bankrate.com...another thought to ponder on! What do you think? Are mortgage modifications really the key? Not to beat a dead horse, but it is worth revisiting the Making Home Affordable initiative because the foreclosure problem just isn't going to go away. I want to poin
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07/21/2009
An article posted on Realestatebloggers.com Do you think the plan is failing?
07/21/2009
I found this on Mortgage Reports. What Mortgage Rates will do over the next 30 days. What do you you guys think?
07/21/2009
An article from biggerpockets.com "A Government Program That Works?" discusses the $8,000 first-time homeowner's tax credit and the effect it has had on the housing market. "The idea of the tax credit was to provide an incentive to buy a home which would, in turn, stimulate the housing industry
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07/21/2009
Reported from: Investor Centric: How Median Home Prices Can Be Misleading "The median can be a deceptive statistic when it comes to real estate growth. Often home sellers will point to an increasing median and say that homes prices are increasing, but they can actually be decreasing." - Investor
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07/20/2009
