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Real Estate Forecast for 2010
8 hours ago ago from RelistrReal Estate News, Mortgage, Housing, Homes For Sale - Relistr.com
As the fourth year of the real estate downturn comes to a close, 2009 year, the housing market showed signs of life with the government juicing the market with $8,000 tax credit for first-time homebuyers and the Federal Reserve pushing record low mortgage rates by purchasing mortgage-backed securities. Some glimmers of hope will be short live, with foreclosures and unemployment climbing, home prices have further to fall. What will happen ...
Related contentNational Real Estate Update-Nationwide housing affordability up!
13 hours ago ago from Bucks County area real estate update
Nationwide housing affordability, bolstered by affordable interest rates and low house prices, hovered for the third consecutive quarter near its highest level since the series was first compiled 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released today. The HOI showed that 70.1 percent of all new and existing homes sold in the third quarter of 2009 were affordable to ...
Related contentGauging the Bottom of the Housing Slump Before You Buy
10 hours ago ago from BloggingMLB.com
Advertisement While home values seem to be wavering around what might be the bottom of the decline, home owners might want to be a little more patient before jumping into home ownership at this time. Many sources were speculating that the bottom of the housing crash was happening this past spring, when the number of homes on the market in many major areas fell by over 3.5%. However, we all now know that this was in fact a “false bottom” ...
Related contentFinancial Crisis Litigation: Testing "Tsunami" Defense
8 hours ago ago from Wall Street Law Blog
THE PERFECT STORM / TSUNAMI DEFENSE TO SUBPRIME-BASED CLAIMS CANNOT WITHSTAND SCRUTINY... Former Wall Street Executive Jones: "It was just the perfect storm. A financial Tsunami if you will. Everything went wrong at the same time. I feel terrible for our former employees and shareholders." Former Bear Stearns CEO Alan Schwartz: "I can't think of anything we could have done differently (paraphrasing the sworn testimony on Capital ...
Related contentHousing and the Economic Recovery
22 hours ago ago from Learning from Dogs
Perhaps the housing market is the best economic indicator? As an economist, I am frequently asked for my predictions on when the economy is going to turn around. Have we reached the bottom? Have we begun to recover? Might we go into a second, perhaps more severe recession? Those are tough questions to answer. Business cycles are notoriously difficult to predict. In fact, about the only thing we know for sure is that no two ...
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Housing outlook for 2010
15 hours ago ago from CNN Money
Moody's Economy.com compiles an annual forecast for home prices based on national and local indicators in 100 U.S. metropolitan areas. Only one market -- Pittsburgh -- is expected to turn positive in 2010. See table below for details. With economic uncertainty near an all-time high, we sought the advice of some of the smartest market watchers we know. More Quick Vote Which type ...
Related contentHome values plummet $500 billion
17 hours ago ago from CNN Money
The average home price is forecast to plummet over the next two years. But these 7 cities are predicted to post gains. Mortgage Rates 30 yr fixed mtg 4.97% 15 yr fixed mtg 4.55% 30 yr fixed jumbo mtg 5.85% 5/1 ARM 4.15% 5/1 jumbo ARM 4.70% Find personalized rates: Rates provided by Bankrate.com. NEW YORK ...
Related contentLewie Ranieri wants to fix the mortgage mess
15 hours ago ago from CNN Money
Lewie Ranieri is known as the father of the mortgage-backed security. Now, he's crusading to rescue the real estate market that his invention helped destroy. With economic uncertainty near an all-time high, we sought the advice of some of the smartest market watchers we know. More Quick Vote Which type of investments will you focus on in 2010? U.S. stocks ...
Related contentGreenPath Debt Solutions Sees 32 Percent Increase in Michigan Clients With Past Due Mortgages in 2009 Versus 2008
14 hours ago ago from Good News Now
Inquiries slow during holidays making it a good time to call for free counseling FARMINGTON HILLS, Mich., Dec. 9 /PRNewswire-USNewswire/ -- GreenPath Debt Solutions , a nonprofit consumer credit counseling service headquartered in Farmington Hills, recently released data related to concerns from Michigan home owners about mortgage delinquency. GreenPath, with 25 offices across the state, found that Michigan clients with past due mortgages ...
Related contentOnly 10K permanent loan modifications as of Oct.
7 hours ago ago from FanHouse
WASHINGTON -Only about 10,000 homeowners received permanent loan modifications this fall under the Obama administration's mortgage relief plan, more evidence of serious failings in the government's effort to stem the foreclosure crisis. A watchdog report Wednesday spotlighted the limited success lenders are having in getting borrowers through a trial period lasting up to five months. The biggest challenge: only one in three homeowners who ...
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