11/15/2009 9:53:00 AM
Foreclosures Decline for Third Month
Foreclosures were filed on 332,292 U.S. properties in October, a decrease of 3 percent from September, but still up nearly 19 percent from October 2008, according to foreclosure sales site RealtyTrac. October marks the third-straight month of declines in foreclosures, ...
Views: 3
Comment
|
11/15/2009 9:40:00 AM
Yun: 2010 Sales to Rise 15 Percent
Home sales will increase 15 percent to about 5.7 million units and REALTOR ® income will be up 20 percent in 2010, NAR Chief Economist Lawrence Yun told a packed room of REALTORS ® today in a residential economic update at the 2009 NAR Conference & ...
Views: 5
Comment
|
11/14/2009 8:46:00 PM
Bringing the Dream of Homeownership Within Reach-TAX CREDIT EXTENDED
Bringing the Dream of Homeownership Within Reach As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that: Extends the First-Time Home Buyer Tax Credit of up to ...
Views: 8
Comment
|
10/28/2009 6:53:00 PM
Foreclosures Create Demand for Attorneys
The rapidly increasing number of foreclosures is creating a shortage of attorneys knowledgeable about this legal specialty. About 86 percent of foreclosure victims didn't have legal counsel last year, according to the Brennan Center for Justice at the ...
Views: 10
Comment
|
10/28/2009 6:37:00 PM
Low Prices Changing New Home Market
The market for new homes is so weak that many builders aren’t building much of anything unless they have a signed contract. Inventories are at 7.5 months, their lowest since 1992, according to the National Association of Home Builders. Getting the market ...
Views: 11
Comment
|
10/28/2009 6:25:00 PM
Senate Dems on Board with Credit Extension
Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30. Purchasers would have ...
Views: 30
Comment
|
10/9/2009 7:47:00 PM
Loan-Modification Plan Hits Target
The U.S. Treasury announced that 500,000 trial loan modifications have been completed under the Making Home Affordable program. Secretary Timothy Geithner said the number of trial workouts is rising faster than the number of homeowners nearing foreclosure. ...
Views: 6
Comment
|
10/9/2009 7:29:00 PM
Aides: Home Buyer Tax Credit Extension Likely
Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), ...
Views: 17
Comment
|
10/9/2009 7:16:00 PM
A Historic Time to Buy
Young people just starting to invest and buying their first homes are potentially the winners in this recession. First-time homebuyers, most between the ages of 25 and 45, accounted for about 45 percent of home sales from January through July 2009, according ...
Views: 6
Comment
|
10/9/2009 6:59:00 PM
Officials Announce Homeowners Assistance Program Details
American Forces Press Service WASHINGTON, Sept. 30, 2009 - Defense Department officials today announced the details for distributing $555 million available under the Homeowners Assistance Program. The program is part of the American Recovery and Reinvestment ...
Views: 6
Comment
|