Home Sales Up in November

Existing home sales were up 7.4% in November and the mortgage rates have risen. Current sales are at the highest level since Feb 2007. Some economists claim that this rise was expected due to the first time buyers looking to benefit from the tax credit. Not surprising NAR (National Association of Realtors) reported that 51% [...]

Housing starts rise less than forecast

New construction on U.S. housing units rose less than forecast in September, the Commerce Department reported this morning, signaling that builders are not fully confident about a housing recovery.
Housing starts increased to a seasonally adjusted annual rate of 590,000 last month, up 0.5% from a revised 587,000 pace in August.
Economists had expected housing [...]

Anti-Foreclosure Programs Not Enough: Watchdog

Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be reworked, expanded and supplemented with new ideas, a congressional watchdog said in a report Friday. Check out the story below.
www.cnbc.com/id/33237050

The Obama mortgage rescue

The Obama administration promised to help families with foreclosure issues……read more…

The Flood of Foreclosures Shows No Sign of Ebbing

Every 13 seconds in America, there is another foreclosure filing. That’s the rhythm of a crisis that threatens to choke off hopes for a recovery in the U.S. housing market as it destroys hundreds of billions of dollars in property values a year. Check out the story below.
www.cnbc.com/id/33220153

Housing Starts, Producer Prices Both Post Drops in July

New U.S. housing starts and permits unexpectedly fell in July, a government report showed on Tuesday, pulled down by steeper declines in multifamily units, while the producer price index also fell. Check out the story below.
www.cnbc.com/id/32458633

23% of Homeowners under water in their mortgage

According to a recent survey done by Zillow.com, 23% of homeowners are under water in their mortgage and is expected to reach 30% as job losses and foreclosures climb through 2010. Homeowners are hurt by the decline in house prices as the decline of home values have slid by approximately 12% compared to a year [...]

Foreclosures, what cities make the top ten?

How is your city doing? Has it improved or not? …read more…

People are looking at different options instead of foreclosure…short sale

Read more…

Home sales up

Homes sales have increased for the third straight month…read more…

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