15 July 2010 no comments
Alex Veiga, AP Real Estate Writer, On Thursday July 15, 2010, 12:17 am EDT
LOS ANGELES (AP) — More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.
Nearly 528,000 homes were taken [...]
10 July 2010 no comments
International home buyers are increasingly attracted to property in the U.S., according to the National Association of REALTORS®’ 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home [...]
9 July 2010 no comments
While borrowers with “super prime” credit scores accounted for just 5 percent of the mortgage delinquencies, about 28 percent of their defaults were calculated and strategic.
This relatively small actual number is nevertheless causing the credit industry to look at new ways to evaluate walk-away risk even among the very creditworthy.
Credit bureau Experian reports that [...]
30 June 2010 no comments
By Julie Haviv
NEW YORK (Reuters) – Nearly one out of every three U.S. home sales in the first quarter was a foreclosure property as steep price discounts boosted demand for distressed real estate, RealtyTrac said in a new report on Wednesday.
Foreclosure homes accounted for 31 percent of all residential sales in the first quarter of [...]
29 June 2010 no comments
NEW YORK (AP) — Home prices in April rose for the first time in seven months as government tax credits bolstered the housing market. But the rebound may be short-lived now that the incentives have expired.
The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted an 0.8 percent gain. It had fallen in each [...]
23 June 2010 no comments
June 15, 2010 – Snapping a string of two consecutive monthly gains, builder confidence in the market for newly built, single-family homes fell back to February levels, before the beginning of the home buyer tax credit-related surge, according to results of the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. [...]
20 June 2010 no comments
NEW YORK (CNNMoney.com) — Most borrowers who have had their mortgages modified through a government-sponsored program will redefault within 12 months, according to a report released Wednesday.
Between 65% and 75% of loans that are modified through the Home Affordable Modification Program but not backed by the federal government are likely to go bad, according to [...]
19 June 2010 no comments
By Paige Tepping
RISMEDIA, June 17, 2010–As the temperatures continue to rise this summer, so does the cost of keeping your home cool. While homeowners across the country come to depend on air conditioners to keep the temperature down during the warm summer months, there are other options that will keep you cool while keeping your [...]
17 June 2010 no comments
US, HOUSING, REAL ESTATE,
The New York Times | 17 Jun 2010 | 04:24 AM ET
Before the recession, people simply looked for a house to buy. Later they got squeamish just thinking about buying. Now they are on a quest for perfection at the perfect price.
Exacting buyers are upending the battered real estate market, agents and [...]
2 June 2010 no comments
For Immediate Release
May 26, 2010
Contact: corprel@freddiemac.com
or (703) 903-3933
McLean, VA – Freddie Mac (NYSE: FRE) announced today that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series for the United States registered a 1.1 percent decline from the first quarter of 2009 to the first quarter of 2010. In the first quarter of 2010, the U.S. [...]
28 May 2010 no comments
NEW YORK (CNNMoney.com) — The foreclosure plague may have finally reached its peak in April 2010 — but don’t expect delinquency statistics to plummet anytime soon.
The total number of foreclosure filings — notices of default, auction notices and bank repossessions — fell by 9% from March to April, and 2% compared with April 2009, according [...]
19 May 2010 no comments
One out of seven U.S. households with a mortgage ended the first quarter late on mortgage payments or in the foreclosure process, although the pace has ebbed now that unemployment appears to have peaked, the Mortgage Bankers Association said on Wednesday.
While the rate of new foreclosure actions has eased, a stockpile of loans that are [...]
7 May 2010 no comments
Just as one government homebuyer tax credit program ends, another begins.
The homebuyer tax credit signed into law in March by Gov. Arnold Schwarzenegger is available effective today.
Assembly Bill 183 established a tax credit of $10,000 or 5 percent of the purchase price of a newly built home and a $10,000 tax credit for first-time purchasers [...]
26 April 2010 no comments
NEW YORK (CNNMoney.com) — New home sales improved in March at the fastest single-month rate in 47 years, according to a government report released Friday, as buyers snatched up properties ahead of the tax credit that’s set to expire.
New-home sales rose 26.9% to a seasonally adjusted annual rate of 411,000 last month, compared to [...]
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