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Finance and Economy Archive
RISMEDIA, July 7, 2011—The percentage of seriously delinquent mortgages—those that are 90 days past due or in foreclosure—held by Fannie Mae and Freddie Mac have fallen more than a point in the last year.
RISMEDIA, July 7, 2011—Mortgage Marvel Rate Trends™, a daily survey of over 950 lenders, shows 30-year, fixed rates bouncing up 0.15% to 4.78% after setting a new six-month low last week.
RISMEDIA, July 6, 2011—Hours after the National Association of REALTORS® announced an 8.2 percent jump in May prices, CoreLogic confirmed its May numbers show a second consecutive month-over-month increase.
RISMEDIA, July 1, 2011—Consumer money resource Bills.com recently released results from its biannual Consumer Money Survey for the first half of 2011. This regular survey gauges consumer money attitudes and behaviors across a wide range of financial topics, including credit, debt, budgeting, and retirement by posing questions to site visitors using the Bills IQ tool.
RISMEDIA, June 30, 2011—S&P/Case-Shiller’s 10- and 20-city composites rose less than one percent in April over March, the first price increase the indices have measured in eight months.
RISMEDIA, June 29, 2011—The U.S. Department of Housing and Urban Development recently released a study that finds the nation’s 1.2 million public housing units need an estimated $25.6 billion for large scale repairs. This study updates a 1998 analysis and includes costs to address overdue repairs,
RISMEDIA, June 29, 2011—A drop in some mortgage loan limits for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and the Federal Housing Administration scheduled to occur on Oct. 1 will reduce housing demand and place downward pressure on home prices in major housing markets, according to a new study from the Economics and Housing Policy Group at the National Association of Home Builders (NAHB).
RISMEDIA, June 28, 2011—A significant majority of the 108 economists and experts participating in MacroMarkets’ June Price Home Expectations panel believe that the bottom for home prices arrived in the first quarter or will arrive sometime before year-end.
RISMEDIA, June 27, 2011—U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent decrease in March was revised to a 0.4 percent decrease.
RISMEDIA, June 24, 2011—The so-called “shadow inventory” of foreclosures—properties in the foreclosure pipeline but not yet listed on multiple listings services—slowly sank over the past year but still amount to five months’ worth of home sales.
The inventory fell from 1.9 million homes a year ago to 1.7 million in April, according to the latest report from CoreLogic, who attributed the decline to fewer new delinquencies over 90 days and a high level of distressed sales, which helped reduce the number of outstanding distressed loans.
The shadow inventory nationally peaked in January 2010 at 2 million units, 8.5 months’ supply, and stands 18 percent lower today than it was in April 2011. The total shadow and visible inventory was 5.7 million units in April 2011, down from 6.2 million units a year ago. The decline occurred in both the visible and shadow inventories.
RISMEDIA, June 24, 2011—U.S. Housing and Urban Development Secretary Shaun Donovan recently announced HUD will speed federal disaster assistance to the State of Montana and provide support to homeowners and low-income renters forced from their homes following severe storms and flooding in April.
RISMEDIA, June 23, 2011—Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the National Association of REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell
RISMEDIA, June 23, 2011—Recently, U.S. Housing and Urban Development Secretary Shaun Donovan announced that HUD will be investing an additional $67 million towards creating stronger, more sustainable communities that connect housing to jobs while fostering local innovation and building a clean energy economy
RISMEDIA, June 23, 2011— You would think the world was going to end. I know things are tough but the headlines are making me crazy:
USA in decline... Foreclosures... Bankruptcies... Short Sales... Government Deficit... Unemployment... Wars... Debt Ceiling... Partisan Bickering... Gas Prices...
No wonder we can’t get anything done. Everyone is worrying about everything and the media is having a feeding frenzy. Meanwhile, we have an industry in the midst of “seismic” change and too many brokerages are letting the noise keep them from doing what they need to do. We must reinvent ourselves and get out of the cycle of fear driven by the makeup of our industry and the crazy things going on all around us.
RISMEDIA, June 23, 2011— April home prices have improved over March in the new national composite index launched recently by FNC at the National Association of Real Estate Editors Annual Meeting in San Antonio. FNC’s Residential Price Index, which is based on public record data along with data collected