Tax Credit Stirs Sales in Local Markets
Spurred by the pending demise of the federal homebuyer tax credit, buyers are awakening from their snowy winters’ nap.
By: Steve Cook; Thu, Mar 18, 2010
Republicans Attack Obama Mortgage Modification Program
The partisan attack on the program is the most public indication to date that the HAMP program may become a political liability for the Administration.
By: Steve Cook; Thu, Mar 18, 2010
Fannie Mae Economists Lower First Quarter Forecast
Unpleasant surprises in January home sales and home starts have convinced Fannie Mae’s economists to lower significantly their projection of real residential investment in the first quarter released yesterday.
By: Steve Cook; Mon, Mar 15, 2010
Delinquencies Slow But They Exceed Modifications
The February 2010 Mortgage Monitor report, released by Lender Processing Services, Inc. shows that while delinquency rates in the U.S. have risen to historic highs, the pace of deterioration has slowed. However, the nation’s housing market remains far from a full recovery.
By: Steve Cook; Thu, Mar 11, 2010
Foreclosures Fall, Optimism Rises
For the second time in three weeks, a major national report on foreclosures and delinquent mortgages suggest that the flood of foreclosures that washed over the housing markets in 2009 is ebbing and may even be at an end.
By: Steve Cook; Wed, Mar 10, 2010
Where Did the Shadow go?
With the year nearly one quarter over, inventories give no sign of a large “shadow inventory” of foreclosed homes being kept off the market.
By: Steve Cook; Tue, Mar 9, 2010
Spring Sales Are Slow
As record snows melt away in the Midwest and East, real estate professionals are not seeing the volume of interest or which they had hoped.
By: Steve Cook; Thu, Mar 4, 2010
Risk of Mortgage Default Rises 58 Percent Higher than in 1990s
Lenders and investors can expect defaults on loans currently being originated today to be 58 percent higher than the average of the 1990, according to the latest University Financial Associates (UFA) Mortgage Report.
By: Steve Cook; Fri, Feb 26, 2010
Investors Soar as First-timers Fade
Fresh data from Campbell Communications’ monthly survey of more than 1,500 real estate agents found that the investor market share of buy-side transactions has jumped nearly six points since November, while first-time buyers have fallen more seven percentage points since October.
By: Steve Cook; Fri, Feb 26, 2010
Inventory Highest in Six Months
The national inventory of existing homes is larger now than it has been since the run-up of sales since thousands of first-time buyers rushed to the closing table last fall to qualify for the $8,000 tax credit.
By: Steve Cook; Fri, Feb 26, 2010
Massive Florida Mortgage Fraud Case Unfolding
A two year FBI investigation into Sarasota house flipping is turning into what may be the largest case of mortgage fraud in Florida’s history.
By: David Lereah; Wed, Mar 17, 2010
Housing Outlook: A Mixed Bag
Looking forward, expect downward pressure on home values, as measured by the Case-Shiller index, due to mounting foreclosures, supply imbalances and relatively weak housing demand.
By: David Lereah; Thu, Mar 4, 2010
A Sputtering Housing Market
Housing activity is sputtering even though there are government subsidy programs in place to support housing demand.
By: David Lereah; Wed, Feb 10, 2010
Observations on the Economy and Housing Market
At a cursory glance, the U.S. economy is improving, while the status of the housing market remains uncertain.
By: David Lereah; Mon, Feb 1, 2010
Mounting Foreclosures Impede Housing Recovery
It is painfully clear that the number one obstacle preventing a complete housing recovery is the foreclosure crisis.
By: David Lereah; Mon, Jan 25, 2010
Falling Home Values: The Worst may be Over
During the past several years, the nation’s housing sector has been weighed down with a disturbing trend that had been absent since the Great Depression: falling home values.
By: David Lereah; Mon, Jan 4, 2010
The New Year Begins with Uncertain Housing Outlook
Housing data released this past month suggest a more uncertain housing outlook than the month before.
By: David Lereah; Thu, Dec 17, 2009
Housing Industry Poised to Recover in 2010
As we approach the New Year, we are more hopeful about prospects for 2010 compared to the dismal performance of 2009.
By: David Lereah; Thu, Dec 10, 2009
A Web of Housing Subsidies Threatens the Recovery
Don’t let recent good news about the nation’s housing sector lull you into believing that the housing market is firmly on the road to recovery-because it isn’t.
By: David Lereah; Tue, Nov 24, 2009
Is the Expanded Homebuyer Tax Credit Overkill?
Wild swings in the housing data released this past week indicate that both homebuilders and households were heavily influenced by the tax credit extension debate.
By: David Lereah; Thu, Nov 19, 2009
Data Suggests Housing Recovery Has Stalled, Temporarily
Today’s housing recovery is having a difficult time settling into a steady trajectory.
Get this widget See local rates - Senate Clears Homebuyer Tax Credit Extension to Pass This Week
- CEOs Launch New Drive for Expanded Homebuyer Tax Credit
- Homebuyer Tax Credit Will Motivate First-time Buyers More than Move-up Buyers
- Congress Passes Homebuyer Tax Credit
Written by: Steve Cook Sat, Mar 13, 2010
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