Real Estate News: Foreclosure Rates Continue to Slow Market

October 14, 2011

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Another Two Years for a Market Turnaround Have you been wondering when the housing market will pick up steam again? Give it another year or two, says a leading economist. That’s how much time it could take for the foreclosure storm to blow over and the oversupply of inventory to rectify itself, according to Mark [...]

When Will Home Prices and the Real Estate Market Rebound?

October 7, 2011

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Consumers Want to Buy, but Waiting for the Right Time A survey released this week by Hanley Wood shows that recovery is still evading the U.S. housing market. Consumers are in no hurry to buy a home even though they believe in homeownership as well as the significance of a healthy housing market in aiding [...]

Latest Breaking News on Housing Market

September 30, 2011

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First up is some positive breaking news for the housing market. Shadow inventory of homes is declining, providing a dose of good news for the glum housing market. Shadow inventory, or homes on the verge of foreclosure, fell to 1.6 million units representing a five-months supply in July compared to 1.9 million units representing a [...]

Existing Home Sales Rise While New Home Construction Drops

September 23, 2011

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Some more grim news. Housing starts dived 5 percent in August, worse than what was expected by economists. On a seasonally adjusted rate, new home construction fell 571,000, according to the U.S. Census Bureau. That’s 5.8 percent down from the same period last year. The numbers suggest the industry is still comatose and has yet [...]

Real Estate News: Do We Need Freddie Mac and Fannie Mae?

September 16, 2011

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There’s a flicker of hope despite the nightmarish poverty and unemployment numbers released in the past week. Signaling that the government is indeed concerned about the housing market situation, top Senate lawmakers started debating housing finance reforms at a Congressional panel. Among the issues taken up were whether to wind down government backed entities Fannie [...]

Struggling Economy Drives Low Mortgage Loan Interest Rates

September 9, 2011

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Despite the pall and gloom surrounding the nation’s real estate market, there are pockets across the country showing some recovery signs. A new economic index released by the National Association of Home Builders measuring improvement in areas such as housing permits, employment and housing prices for at least six months found a string of cities [...]

U.S. Housing Market Trends

September 2, 2011

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Contracts for sale of existing homes dropped for the first time in three months. Maybe it was just a summer phenomenon, with people focused more on vacations and back-to-school shopping than buying homes. Well, we can all hope so because the news doesn’t really bode well otherwise. The 1.3 percent slip is a sign that [...]

Condition of Real Estate Market – Home Prices Continue to Dive

August 26, 2011

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Some grim news again this week for the depressed condition of the real estate market. Home prices plummeted 5.9 percent in the second quarter from a year ago. That is the biggest drop in price tags since 2009. Prices slipped .62 percent as compared to the last quarter, according to data compiled by Federal Housing [...]

New & Existing Home Sales Drop along with U.S. Average Price

August 19, 2011

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When it comes to sweet mortgage deals, if you are hunting for a brand new home, chances are they are diminishing in numbers, albeit slowly. The U.S. Commerce Department said Tuesday that new housing starts slid 1.5 percent in July to an annualized rate of 604,000 units, compared with 613,000 the previous month. It’s a [...]

With 30-Year Mortgage Interest Rates Low, Is it a Buyer’s Market?

August 12, 2011

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S&P Downgrades Ratings of Fannie Mae and Freddie Mac Exactly a week ago, Standard & Poor deemed the U.S. a not-so-lucrative investment by lowering the country’s credit rating. Wall Street hated the news. If that wasn’t bad enough, S&P added more salt to the wounds on Monday by downgrading its rating of mortgage behemoths Fannie [...]