Check This Out – Median Days on the Market Drops to 27
Some Highlights:
- The National Association of REALTORS® surveyed their members for their monthly Confidence Index.
- The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
- Homes sold in less than a month in 24 out of 50 states, and Washington D.C.
- Homes typically went under contract in 27 days in May!
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Foreclosure Roulette A New Way Banks Deal With Delinquent Homeowners
I think we are getting a glimpse of things to come...new buzz word for sure! Foreclosure Roulette. This article was front page of Huffington Post earlier today. Bea Garwood has been bracing for foreclosure since May, but she says she's been told three times to...
Good for Banks, Not So For Borrowers…Foreclosure Relief, Loan Modifications Fail
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Good for Banks, Not So For Borrowers…Foreclosure Relief
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Communities Get First Look at Foreclosures Before Investors
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Foreclosure Roulette…Deadly Game Of Home Foreclosure!
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Home Buyers Tax Credit?
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Great Video On Moral Obligations Of Homeowners That Choose Strategic Short Sales
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More and more commercial real-estate companies are doing what many indebted homeowners would like to do: Walk away from mortgages on properties that are now worth a lot less than they paid for them. Today's Wall Street Journal highlights three major developers...
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No Surprise Here….Housing in 'Double-Dip': Economist Zandi
The US housing market is in a double-dip recession, Moody’s Analytics chief economist Mark Zandi told CNBC Monday. “Tomorrow we are going to get an existing home sales number that that I think is going to be very, very weak, closer to 4 million units, which I think...
Existing Home Sales Dropping…As Real Estate Agents We Feel It!
JPMorgan Chase, Bank of America, CITI and Wells Fargo to Repay Government $19Billion for 2nd Quarter Defaults
Bank of America, JPM Chase, Citi and Wells Fargo are having to repurchase their bad loans back from Freddie and Fannie. It's about time! These banks bilked billions from us...the tax payers and they have not been held accountable. What does all this mean? Fannie and...
Modification cancellations are up, Federal Foreclosure Program Struggling
Reporting from Washington — Just as the housing market recovery has stalled, so has the Obama administration's main program to ease home foreclosures. Only 36,695 homeowners received permanently lowered mortgage payments in July through the much-criticized Home...
401k Hardship Withdrawals…Loans Soar!
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Unemployment figures stretch from 9.5% to 22%…
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Homeowners Pessimistic…One-Third Say Housing Marketing Has Not Hit Bottom
Refi Boom Could Bust Smaller Banks
I realize it's August, and that's not exactly the hot season for home buying and selling, but I found today's weekly mortgage application report from the Mortgage Bankers Association particularly troubling for a few reasons. To summarize, refinance applications are...