Can a New Web Site Streamline Home Buying?
Can a New Web Site Streamline Home Buying? March 4, 2010, The Real Deal Matt Daimler, a technology wiz with little background in real estate, thinks he could solve some of the most vexing problems in New York City residential sales today. His new site…(read more)
Pending Home Sales Fall 7.6 Pct. in Jan
Pending Home Sales Fall 7.6 Pct. in Jan March 3, 2010, ABC News via the Associated Press The number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern…(read more)
Mortgage Rate Drop Below 5% Stirs Demand
Mortgage Rate Drop Below 5% Stirs Demand March3, 2010, CNBC U.S mortgage rates retreated below 5 percent last week, propping demand for home loans after purchase applications sank to a nearly 13-year low the prior week, Mortgage Bankers Association data…(read more)
Mortgage Delinquencies Rise After Q4 Plateau
Mortgage Delinquencies Rise After Q4 Plateau March 1, 2010, Reuters More homeowners are falling behind on their mortgages, jeopardizing the nascent housing recovery and raising the possibility that home prices have not found their bottom but could instead…(read more)
Foreclosures Now are Just ‘Tip of the Iceberg’
Foreclosures Now are Just ‘Tip of the Iceberg’ March 1, 2010, Orange County Register Despite some reports that suggest the housing crisis may be hitting bottom, foreclosures so far represent the “tip of the iceberg,” real estate…(read more)
U.S. Considering Foreclosure Ban
U.S. Considering Changes Before Foreclosures February 25, 2010, New York Times The Obama administration, under intense pressure to help millions of people in danger of losing their homes, is considering a ban on foreclosures unless they have first been…(read more)
RealtyTrac and Keystone Asset Management Strike Partnership
RealtyTrac Inc., the leading online foreclosure marketplace for default, auction and bank-owned REOs, and Keystone Asset Management Inc., a national provider of comprehensive REO, Default Management and Property Valuation Services, announced a partnership…(read more)
A Look at Case-Shiller, by Metro Area
A Look at Case-Shiller, by Metro Area February 23, 2010, Wall Street Journal The S&P/Case-Shiller 20-city home-price index, a closely watched gauge of U.S. home prices, was mostly flat in December from a month earlier. The index declined 3.1% from…(read more)
Fewer People Falling Behind on Home Loans
Fewer People Falling Behind on Home Loans February19, 2010, Los Angeles Times The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. The Mortgage Bankers…(read more)
Number of Modified Mortgages Jumps Sharply
Number of Modified Mortgages Jumps Sharply February18, 2010, Los Angeles Times The number of mortgages with permanently lowered monthly payments under the Obama administration's foreclosure prevention program increased dramatically in January. Under…(read more)