Banks Agree to More Short Sales

Banks Agree to More Short Sales Daily Real Estate News | Friday, August 26, 2011 Banks are agreeing to more short sale transactions, and short sales are taking less time to sell, which is helping to clear large inventories of distressed properties more efficiently, says James J. Saccacio, RealtyTrac CEO, in releasing new housing data…

Details

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…

Details

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…

Details

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…

Details

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…

Details

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…

Details