Buffett: ‘I’d Buy Up a Couple Hundred Thousand’ Homes

Buffett: ‘I’d Buy Up a Couple Hundred Thousand’ Homes Daily Real Estate News | Wednesday, February 29, 2012 Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC’s “Squawk Box” recently that he’d “buy up a couple hundred thousand” single-family homes if it was practical. Buffett said that’s because he believes purchasing a…

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Proposal Gives Lenders Short Sale Response Deadline

Proposal Gives Lenders Short Sale Response Deadline Daily Real Estate News | Tuesday, February 21, 2012 A Senate proposal would expedite short sales by giving mortgage lenders or servicers 75 days to respond after receiving a home owner’s written request. Borrowers must submit a copy of a contract with a prospective buyer to the lender/servicer…

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Chase Donates Inventory Homes to Wounded Vets

Chase Donates Inventory Homes to Wounded Vets Daily Real Estate News | Tuesday, February 21, 2012 Chase announced it will donate at least 100 homes it owns to wounded military veterans as part of a program operated by a national nonprofit group known as Operation Homefront. Eligible military families must be on active duty, not…

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Fewer Home Owners Behind on Payments

Fewer Home Owners Behind on Payments Daily Real Estate News | Tuesday, February 21, 2012 The number of home owners behind on their mortgage payments dropped to the lowest level in three years, according to a report of data from the fourth quarter of 2011 released by the Mortgage Bankers Association. “Mortgage performance is also…

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Housing Inventories Drop, List Prices Rise

Housing Inventories Drop, List Prices Rise Daily Real Estate News | Tuesday, February 21, 2012 In a growing number of housing markets, sellers are facing less competition now compared to a year ago. Inventory of for-sale homes has dropped by about 23 percent compared to this time last year, and fell by 6 percent alone…

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30-Year Rates Continue to Hold at Record Lows

30-Year Rates Continue to Hold at Record Lows Daily Real Estate News | Friday, February 17, 2012 Fixed-mortgage rates continue to hover at record lows, with the 30-year fixed-rate mortgage staying at the record low of 3.87 percent since the first week of February, Freddie Mac reports in its weekly mortgage market survey. The 30-year…

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Top 10 States for Foreclosures in January/ Colorado #9

Top 10 States for Foreclosures in January Daily Real Estate News | Friday, February 17, 2012 Foreclosures ticked up in January nationwide as more banks continued to work through backlogs of defaulting mortgages on their books, RealtyTrac reports. For more than five years, Nevada has been the state leader with the highest rate of foreclosure…

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