Economists say Recession Is Not Likely

Economists Say Recession Is Not Likely Daily Real Estate News | Thursday, August 25, 2011 Many home buyers have been sitting on the sidelines due to economic fears and concerns that the U.S. could be heading for a double-dip recession. But a new poll from the Associated Press shows that most economists say a recession…

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Report: ‘Fixing Housing Crisis Will Create 1 Million Jobs’

Report: ‘Fixing Housing Crisis Will Create 1 Million Jobs’ Daily Real Estate News | Tuesday, August 23, 2011 A new report argues that if banks wrote down the mortgage principal of underwater borrowers it could pump $71 billion per year into the economy and create more than 1 million jobs annually. The report, “The Win/Win…

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Mortgage Rates Reach All-Time Lows Again

Mortgage Rates Reach All-Time Lows Again Daily Real Estate News | Friday, August 19, 2011 Ongoing economic concerns continued to push mortgage rates to new lows, as 30-year and 15-year mortgage rates took another dip, pushing home affordability even higher, Freddie Mac reports in its weekly mortgage market survey. 30-year fixed-rate mortgages: averaged 4.15 percent…

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Housing Affordability at Highest in 20 Years

Housing Affordability at Highest in 20 Years Daily Real Estate News | Friday, August 19, 2011 Housing affordability continued to be near record highs in the second quarter, hovering near its highest level in the 20-plus years it has been recorded, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. About 72…

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Shadow Inventory Falls, Expected to Continue

Shadow Inventory Falls, Expected to Continue Daily Real Estate News | Thursday, August 18, 2011 Standard & Poor’s estimates that it would take nearly four years — or 47 months — for the housing market to work through its shadow inventory at the current rate. While that number is still high, it marks an improvement…

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Homeownership: Still The American Dream

Homeownership: Still the American Dream by The KCM Crew on August 16, 2011 · Yesterday, Fannie Mae released their National Housing Survey for the second quarter of 2011. They survey the American public on a multitude of questions concerning today’s housing market. Each quarter, we like to pull out some of the findings we deem…

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