December 10 2010 (Jeff Alan) According to Zillow.com Real Estate Market Reports, U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009. The bulk of the total value lost during 2010 was in the second half of the year. [...]
December 10 2010 (Chris Moore) Despite the ongoing turmoil in the housing market, a recent report by Fannie Mae finds that most Americans, whether they currently own their homes or if they rent, aspire to maintain homeownership or own a home. Read more...
December 10 2010 (Chris Moore) Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), which found that once again, both fixed and short-term mortgage rates rose this week. This was the fourth week in a row where fixed-rate mortgage rates were up. Read more...
December 8 2010 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from last week. Read more...
December 8 2010 (Chris Moore) According to figures compiled by ZipRealty Inc., the number of homes listed for sale declined in many metropolitan areas last month by a larger than usual amount. The supply of homes in 26 major metropolitan areas fell by 3.8 percent, marking the second straight monthly inventory decline. Read more...
December 7 2010 (Chris Moore) Although the term “first time home buyer” implies that you must never have purchased a home before, anything could be further from the truth. In fact, most programs for first time buyers will allow you to buy a home if you haven’t purchased one in three years. Read more...
December 7 2010 (Shirley Allen) In what is being promoted as an “entrepreneurial approach” to affordable housing and economic development in rural areas, the Secretary of the U.S. Department of Housing and Urban Development (HUD) Shaun Donovan announced the departments new Rural Innovation Fund. Read more...
December 7 2010 (Jeff Alan) According to the most recent MBA National Delinquency Survey, mortgage giant Freddic Mac’s serious delinquency rates were less than half the industry average in the third quarter of 2010. Read more...
December 6 2010 (Shirley Allen) The Federal Reserve is considering changing policy that will make it much harder for homeowners to stop foreclosures and escape predatory home loans. The Fed's proposal to amend a 42-year-old provision of the federal Truth in Lending Act would put an end to a homeowners right to cancel, or rescind, [...]
