February 10, 2012

Existing home sales jump, prices sink

Existing home sales jump, prices sink
Sales of existing homes rose in September, according to the latest reading on the battered housing market by an industry trade group released Friday.

Failed bank gets housing fix right

Failed bank gets housing fix right
The battered economy is in desperate need of a housing fix, and one failed bank just may have the answer.

New home sales unexpectedly rise 2.7 percent

New home sales unexpectedly rise 2.7 percent
New home sales post unexpected increase in September as prices fall to lowest level since 2004.

California home sales jump 65 percent

California home sales jump 65 percent
A real estate tracking firm says home sales in California jumped 65 percent in September from a year ago, as homebuyers seized sharply discounted foreclosed homes and other properties.

States act for renters caught in foreclosure trap

States act for renters caught in foreclosure trap

Last week, Tom Dart, left, the sheriff in Chicago’s Cook County, drew the ire of landlords and lenders everywhere when he announced he would no longer send his deputies on court-ordered foreclosure evictions.Across the country, thousands of renters have become innocent victims of the mortgage crisis: They have been forced to move because the owner of the property was in foreclosure.


Housing Market Suffers Biggest Drop Since World War Two! – MarketWatch

Housing Market Suffers Biggest Drop Since World War Two! – MarketWatch

Housing Market Suffers Biggest Drop Since World War Two!
MarketWatch - 9 hours ago
This marks the worst residential real estate bear market in price decline and duration since 1945. While this is humbling news to millions of homeowners

The Basics of Buying a Green Home

The Basics of Buying a Green Home
Is there a Green Mortgage? Yes! Unfortunately, only 3 lenders currently offer this new kind of loan, with less than 25% of mortgage brokers aware that green mortgages even exist.

212,000 avoid foreclosure in Sept.

212,000 avoid foreclosure in Sept.
Mortgage lenders have helped nearly 2.5 million troubled homeowners avoid foreclosure since the mortgage meltdown began in the summer of 2007.

Where home prices are headed next

Where home prices are headed next
The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions.

Market Conditions

Market Conditions
Consumer confidence is down again as the stock market remains unpredictable and home prices fall.