June 21, 2011 (Jeff Alan) Fannie Mae has re-forecast their prediction for economic growth in 2011 as weakness in manufacturing, consumer spending, jobs and housing has resulted in a downgrade in projected growth for the second half of the year according to the June 2011 Economic Outlook. […]
June 21, 2011 (Chris Moore) The number of homeowners who say their home is worth more than what they owe is at the lowest level in more than 2 years as overall confidence in housing values plummeted in May according to the latest Rasmussen Reports poll. […]
June 21, 2011 (Chris Moore) The Spring/Summer selling season, which has already gotten off to a sputtering start, may take a downward turn in the coming months according to the latest Campbell/Inside Finance HousingPulse Tracking Survey as homebuyer traffic tumbled in May. […]
June 20, 2011 (Shirley Allen) Four non-profit organizations will receive $26.7 million in “sweat equity” grants from the Department of Housing and Urban Development (HUD) to produce at least 1,500 affordable homes for low-income individuals and families. […]
June 20, 2011 (Jeff Alan) As should be expected for this time of the year, the number of homes listed for sale in May increased by 3.5 percent compared to April to a total of 2.3 million listings, however, what wouldn’t be expected during the normally busy spring selling season is a 1.6 percent month-over-month [...]
June 20, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will speed disaster relief assistance to two counties in Massachusetts, providing support to homeowners and low-income renters who have been forced from their homes due to the recent severe weather and tornadoes that swept through the area two weeks [...]
June 17, 2011 (Jeff Alan) The inventory of unsold bank Real Estate Owned (REO) properties continues to increase even as year-over-year foreclosure activity continues to decline according to the latest data from RealtyTrac’s Foreclosure Market Report, which cites weak buyer demand as the main culprit. […]
June 17, 2011 (Shirley Allen) Sales of new and re-sale homes and condos in California remained flat in May 2011 as an estimated 35,536 properties were sold, up 0.9 percent from April’s 35,202 sales, according to the real estate experts at DataQuick. […]
June 17, 2011 (Chris Moore) With mortgage rates near record lows and sinking home prices in the first quarter of this year combining to make home buying the most affordable in years, why aren’t home sales more vigorous? According to Freddie Mac’s June 2011 Economic Outlook report, the reasons are many, but a brighter future [...]
