Pending U.S. Sales of Existing Homes Increase 4.3%
http://bit.ly/bH8DkI The number of contracts to purchase previously owned homes in the U.S. increased for a second month, a sign the housing market is beginning to stabilize. Read more ⇢
News
Loan Limits Extended
We’re starting off the new month with some great news from Washington, DC today that we wanted you to hear from us first. Late yesterday, President Obama… Read more ⇢
Massive Halt n Foreclosures due to Fraud Allegations
On Sept. 17, GMAC Mortgage temporarily halted foreclosure proceedings on homeowners in 23 states including Florida, New York, Illinois and Ohio. The company has said employees preparing foreclosure filings… Read more ⇢
25 Biggest Real Estate Mistakes
http://bit.ly/cHiKRf Get insider secrets to avoid costly blunders on the most important investment of your life. Read more ⇢
The craziness of FHA approvals
Was your escrow a little difficult recently? I thought I’d share one buyer’s experience with the bureaucracy of FHA: A New Orleans lawyer sought an FHA loan… Read more ⇢
Foreclosures and delinquencies accelerate
Foreclosure starts continued to accelerate in August as Fannie Mae and Freddie Mac enforced more aggressive timelines on early stage delinquencies, loan data aggregator Lender Processing Services Inc. said… Read more ⇢
California home sales drop in August compared with last year
The median home price of an existing, single-family home in California rose 1.2 percent compared with July and 8.6 percent from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported… Read more ⇢
Yahoo Real Estate overtakes Realtor.com
This just in: Yahoo Real Estate was the most popular real estate website in August, according to data collected by Web metrics firm Experian Hitwise, displacing Realtor.com… Read more ⇢
10 Reasons Why it’s a Good Idea to Buy a Home Now
In researching a recent blog post on what experts are saying about the market right now, I came upon a recent WSJ post by Brett Arends featuring his top… Read more ⇢
Enough with the Doom and Gloom about Home Ownership!
It’s possible to imagine that there is more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no… Read more ⇢
Housing Data via WSJ
Sent to me just now by one of my clients. Interesting stuff. What do you think it means for your market? http://online.wsj.com/public/resources/documents/retro-HOUSINGM08.html Deborah… Read more ⇢
Fascinating Reading! HUD’s August Scorecard!
The Obama Administration’s Efforts To Stabilize The Housing Market and Help American Homeowners Download now or… Read more ⇢
Lenders fail to deliver best service during loan modification process
A new study finds that mortgage services fail to deliver key service practices more often during the loan modification process than during the loan origination process, according to J.D. Read more ⇢
Delinquencies, foreclosure starts decrease in second quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 9.85 percent of all loans outstanding in the second quarter, down 21… Read more ⇢
Progress Made on Roxbury Park Redevelopment Master Plan
The City Council approves a redevelopment consultant’s contract extension and receives a petition in favor of the project. The City Council approved an $844,600 purchase order at its Aug. Read more ⇢
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