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Today’s Marketplace Archive


Recession Will Shape a Generation, Expert Says

RISMEDIA, February 16, 2009- (MCT)-The current recession is only three months away from the 17th consecutive month of economic decline that will mark it as the second-longest-running U.S. slump behind the Great Depression, which had a 43-month downturn. ...


How Long Does a Loan Modification Take?

RISMEDIA, February 13, 2009-Understandably, homeowners who apply for a loan modification tend to get a little antsy and perhaps even annoyed when they apply for a loan modification and then fail to hear anything for several weeks, especially if they continue to receive late payment notices and nasty phone calls ...


Home Buyer Tax Credit Will Create 255,000 Jobs, NAHB Study Shows

RISMEDIA, February 12, 2009-The $15,000 home buyer tax credit, which is an integral part of the economic stimulus legislation adopted yesterday by the Senate, will result in nearly 500,000 additional home sales and create 255,000 new jobs in the ...


Bankruptcies Expected in Coming Months for Some of the Nation’s Biggest Homebuilders

RISMEDIA, February 12, 2009-Based on a review of the 33 U.S. homebuilders with more than $10M in revenue, more than 30 percent are in financial distress and in danger of filing for bankruptcy, according to an analysis by Grant Thornton Corporate Advisory and Restructuring Services. ...


What Can a Half Century of Housing Inventory Data and Past Recessions Tell Us?

RISMEDIA, February 11, 2009-Like any other market, housing runs on supply and demand. Factors manipulate supply and demand like interest rates, employment, Wall Street, the government, and consumer confidence to name a few. But do we always have to ...


Tough Questions in Face of Future TARP Spending

RISMEDIA, February 9, 2009-(MCT)-Treasury Secretary Timothy Geithner is expected to issue a report this week describing plans to spend the remaining $350 billion of a federal rescue program aiming to stabilize the economy and aid troubled financial institutions. But before any new funds can be spent, the administration will have ...


Stimulus Still Expected to Pass But Not without Complications

RISMEDIA, February 6, 2009-(MCT)-This much is clear: Sometime soon, probably this month, President Barack Obama will sign an economic stimulus plan. ...


Bankrate – Mortgage Rates Follow Treasury Yields Higher

RISMEDIA, February 6, 2009-Mortgage rates rebounded from one week ago, with the average 30-year fixed mortgage rate now 5.70%. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.35 discount and origination points. ...


Realtors Urge Congress to Help ‘HOPE For Homeowners’

RISMEDIA, February 5, 2009-This week, The National Association of Realtors® announced its support for new legislation introduced by House Financial Services Committee Chairman Barney Frank, D-Mass., that is designed to ease loan modifications and improve refinancing options for America's troubled homeowners by revamping the HOPE for Homeowners program. ...


Democrats Lose Senate Vote to Add $25 Billion to Stimulus

RISMEDIA, February 5, 2009-(MCT)-The Senate refused on Tuesday to pump an additional $25 billion into road, transit and water projects in its economic stimulus package, but it approved a tax break for car buyers, as lawmakers struggled for ways to craft a bipartisan plan. ...


Mortgage Applications Increase in Latest MBA Weekly Survey

RISMEDIA, February 5, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 30, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 795.4, an increase of 8.6% on a seasonally adjusted basis from 732.1 one week earlier. On an ...


8 Predictable Closing Day Obstacles – How to Avoid Them

RISMEDIA, February 3, 2009-Whether you represent the buyer or the seller, you want to use your knowledge and expertise to prevent your transaction from failing to close. Numerous factors contribute to the failure of a contract between buyer and seller of real estate. Financing, possession dates, disclosures, due diligence, inspections, ...


Some Families Doubling Up, Downsizing as Economy Falters

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Hope in the California Housing Market – Lower prices, Interest Rates Equal Opportunity for Buyers

RISMEDIA, February 3, 2009-(MCT)-Guadalupe and Ariana Sanchez represent hope in the housing market. The 28-year-old couple with four children just bought their first home. ...


18.5 Billion Reasons to Make the Home Buyer Tax Credit Work

RISMEDIA, January 4, 2010—As part of the government’s high price-tag efforts to rejuvenate the flailing American economy, on November 6, 2009, President Barack Obama signed into law an expansion and extension of the home buyer tax credit. ...


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