Pending Home Sales on the Rise?

Day: September 9, 2010

Pending Home Sales on the Rise?

Pending Home Sales on the Rise?

Is this truly a good sign or just a diversion from what’s really going on? It’s good news, and for now I think we have to take what we can get. The National Association of Realtors reported last week that pending home sales have actually risen 5.2% over last month’s numbers. This number reflects contracts,…  Continue Reading

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Banks Give Local Groups First Shot at Foreclosures

Banks Give Local Groups First Shot at Foreclosures

Major banks, including Bank of America and Wells Fargo, are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors. The Obama administration says local officials could benefit from acquiring these properties and using the land for redevelopment projects. Congress has provided $7 billion…  Continue Reading

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Housing Pattern Changes in the Last Decade

Housing Pattern Changes in the Last Decade

I think we’ve all seen how housing patterns have been changing over the years, but now we know just how much. The latest American Housing survey was just released by the Census Bureau and Department of Housing & Urban Development. Published every two years, the exhaustive analysis examines just about every aspect of American home…  Continue Reading

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Volatile Housing Market Baffles Homeowners

Volatile Housing Market Baffles Homeowners

This audio on NPR ran a couple days ago and I replayed it during an early am workout.  It’s a good discussion with some interesting highlights about what’s going on in the housing market… and what it means to homeowners, buyers, sellers and renters. Investors can draw their own conclusions! See NPR ~Josh

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SAN BERNARDINO: Two brothers charged with foreclosure fraud

SAN BERNARDINO: Two brothers charged with foreclosure fraud

At SREC we’ve often discussed the troubled public perception of using land trusts as a vehicle to successfully complete short sale back-to-back transactions.  Of course, there’s a legal way to use this tool, which we describe in our Dovetail program. The following article references yet another pair of scalawags using land trusts to rip people…  Continue Reading

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Federal aid coming to ‘underwater’ borrower

Federal aid coming to ‘underwater’ borrower

Just another attempt by the Feds to provide some relief for homeowners… I’m glad they’re doing something… it’s just that they’re caught in a lose – lose situation.  But everything proposed seems like a gimmick compared to what we thought we’d get with TARP.  Oh… remember TARP, signed under President Bush? The total cost looks…  Continue Reading

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Fannie and Freddie Reform (This impacts you)

Fannie and Freddie Reform (This impacts you)

Freddie Mac and Fannie Mae reform is inevitable. Together they have amassed trillions of dollars of assets, and billions of dollars of liability. The question is what is going to happen, and who is going to get what? How we buy and sell real estate in America will change forever. This just doesn’t impact real…  Continue Reading

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