Posted on January 5th, 2010, by DHW
Although he stopped short of forecasting another dip in homes sales next spring, Robert Shiller (one-half of the super Swedish music group ‘Case-Shiller’) sounded some alarming notes. In an interview with The Wall Street Journal, Shiller expressed concern with the ’shadow inventory’ of foreclosed homes that are likely to pour into the market. Shiller also [...]
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Tags: case-shiller, case-shiller home price index, double dip, foreclosures, Housing, housing prices, housing sales, shadow inventory, unemployment
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Posted on January 4th, 2010, by DHW
There is no greater rivalry than that of Realtor v Appraiser. Red Sox v Yankees? Not even close. Alien v Predator? Yawn.
Animosity between real estate agents and appraisers is nothing new. However, in recent months appraisers have been undercutting sales prices with increased regularity. Much of the conflict has to do with the rising number [...]
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Tags: appraisal, appraisal cuts, appraisals, apprasisers, cut appraisals, foreclosures, realtors
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Posted on December 20th, 2009, by DHW
Just one day before the Congressional Oversight Panel criticized the government’s loan modification program as outdated and under-performing, HUD secretary Shaun Donovan reported the pace of trial modifications are beginning to exceed foreclosures. “The fact we now have a pace of trial modifications that exceeds the pace of weekly foreclosures is a very important milestone,” [...]
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Tags: congressional oversight panel, foreclosures, HAMP, loan modifications
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Posted on December 11th, 2009, by DHW
Vice chairman of WL Ross & Co. and the former director of the Federal Housing Finance Agency, James B. Lockhart III, warned the US housing market may not be out of the woods just yet.
Lockhart predicts foreclosures will “spike” unless the the Obama administration gets more aggressive with loan modifications. The former director of the [...]
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Tags: foreclosures, Housing, loan modification
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Posted on November 12th, 2009, by DHW
U.S. foreclosures sank for a third consecutive month in October, down 3% from the previous month. However, many feel this trend will not continue. Foreclosure notices were curtailed in many states due to temporary, legislative intervention. CNBC reported Nevada foreclosures “dropped 26 percent from the previous month because of new legislation requiring mediation before initiating [...]
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Tags: $6500, $8000, $8000 tax credit, 6500 tax credit, 6500 tax credit extension, 8000 tax credit extension, arizona, Builders, buyers, california, employment, extension, fannie mae, first time buyers, first time homebuyers, florida, foreclosure, foreclosure news, foreclosures, freddie mac, guidelines, home buyers, home sales, home seller, home values, homebuyers, Housing, housing credit extension, housing news, housing prices, housing report, idaho, lender, loan, mortgage, nevada, Real Estate, real estate news, Sales, seller, short sale, state foreclosure, state foreclosures, tax credit, tax credit extension, unemployment, worker home ownership and business assistance act of 2009, worker homeownership and business assistance act of 2009
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Posted on November 10th, 2009, by DHW
Critics of the Housing Tax Credit were quieted, if only briefly, when the National Association of Realtors (NAR) released data for third quarter home sales. According to the trade group, home sales increased by nearly 6% over this same time last year. Despite the spike in sales, prices have fallen more than 11% during the [...]
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Posted on October 31st, 2009, by DHW
As more foreclosed homes in need of repair hit the market, interest in the FHA streamlined 203k rehab loan is on the rise. Buyers can finance up to $35,000 in home improvements under this program. Sellers: DesperateHouseWise.com offers some ways you can help increase inventory for 203k buyers while putting some extra dollars in your [...]
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Tags: $35000, 203 k streamline loan, 203 k streamlined, 203 k streamlined loan, 203k, 203k streamline, 203k streamlined, buyer, buyers, fha 203 k, fha 203 k streamlined mortgages, fha 203k, fha 203k streamlined mortgage, finance, finance repairs, foreclosure, foreclosures, home buyer, home improvements, home seller, home sellers, homebuyers, Housing, housing credit extension, housing news, improvements, Real Estate, real estate news, repairs, seller, sellers
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