Fed Official Hints at More MBS Purchases
As the Federal Reserve Bank of New York completed its latest purchases of mortgage backed securities to prop up mortgage interest rates, its president went public with hints that the Fed would consider reopening its soon-to-end program if interest rates spiked or the economy showed new weakness,
The Fed is buying $1.25 trillion in mortgage-backed securities [...]
By: Steve Cook; Thu, Feb 4, 2010
FTC Bans Up-front Fees for Mortgage Modification
The Federal Trade Commission moved to protect distressed homeowners from bogus foreclosure rescue and mortgage modification services…
By: Steve Cook; Wed, Feb 3, 2010
Obama Budget Limits Mortgage Interest Deductions…Again
The fiscal year 2011 budget submitted to Congress this week by the Obama Administration caps the value of itemized deductions based on income, effectively eliminating the mortgage interest deduction for single taxpayers making more than $200,000 a year , $250,000 for joint returns.
By: Steve Cook; Wed, Feb 3, 2010
Homebuyer Tax Credit Deadline Freezes Out Short Sales
Time is running out on homebuyers interested in buying hundreds of thousands of affordable homes, as much as 20 percent of the inventory in high foreclosure markets, and still qualify for the homebuyer tax credit.
By: Steve Cook; Tue, Feb 2, 2010
Homeownership Hangs Tough
Homeownership, thought by many to be a certain victim of the foreclosure crisis, weathered a record year of foreclosures without losing a beat…statistically speaking.
By: Steve Cook; Fri, Jan 29, 2010
Home Builders Court Equity Financing
An amazing event at the International Builders’ Show earlier this month promises to change the industry’s financing structure forever and breathe new hope into the industry.
By: Steve Cook; Thu, Jan 28, 2010
Obama Was Quiet on Housing
Though most economists believe the nation’s housing crisis shares the stage with unemployment as the two fronts where we are failing in America’s war to revive its economy, housing barely received a mention in President Obama’s first State of the Union message last night.
By: Steve Cook; Fri, Jan 22, 2010
Cash Offers Foil Homebuyers
With prices hitting or approaching bottom in markets nationwide and record number of foreclosures available, professional investors armed with cash-rich investors are emerging as factor in the lower end of the residential market.
By: Steve Cook; Thu, Jan 21, 2010
Eminent Domain is Alive and Well
There are indications that as stimulus funds make their way to the state and local levels, more property than ever may be at risk.
By: Steve Cook; Tue, Jan 19, 2010
First-time Buyers Faded in Q4
First-time homebuyers, the most important segment of the home purchase market in 2009, accounted for a shrinking share of the housing market as 2009 drew to a close.
By: Steve Cook; Mon, Jan 18, 2010
Real Estate Goes Back to Print
Newspaper real estate ad spending is projected to rise 16 percent in 2010, to $4.4 billion, after falling 34 percent last year.
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.
By: David Lereah; Wed, Nov 4, 2009
Homebuyer Tax Credit Overly Generous
The great debate surrounding the fate of the first-time homebuyer tax credit appears to have ended on a good note; at least for the millions of households ready to purchase a home.
By: David Lereah; Thu, Oct 22, 2009
Record Budget Deficit Casts Dark Shadow over Economy and Housing
The Office of Management and Budget announced last week that the federal budget deficit soared to an all-time record $1.42 trillion in fiscal year 2009.
By: David Lereah; Mon, Oct 12, 2009
Housing Organizations Predict Expansion in 2010
The consensus forecast among major real estate organizations is for the housing downturn to come to a close in 2009 and for the expansion to begin in 2010. THE NEW HOUSING FORECASTS ARE AVAILABLE NOW! http://www.realestateeconomywatch.com/2009/10/market-forecastindustry-forecast/
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 Fri, Feb 5, 2010
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