Tag Archives: Foreclosures

Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 20. Aug, 2010 by Sherry Chris.

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Some slowdowns are good.  DJ Shamantis created an internet hit this week with “U Smile 800 Percent Slower.” A rendition of pop star Justin Bieber’s hit played eight times slower. Give it a full listen if you have 35 minutes to spare. What is speeding up:  The rate of new mortgage applications, quickening 13 percent [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 02. Jul, 2010 by Sherry Chris.

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As Hurricane Alex swirled around the Gulf producing ten-foot waves and 25 mph winds, 180,000 homebuyers got a lifebuoy that will save them from what could have been a perfect storm of their own.  These homebuyers, who signed a purchase agreement by April 30, were likely going to miss the June 30th deadline to complete [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 21. May, 2010 by Sherry Chris.

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This week, we are starting to see the first inklings of what a post-tax credit real estate market looks like. Numbers out this week show that mortgage rates fell to the lowest level in months, mortgage applications fell to the lowest level in 13 years and new building permits were down 11.5 percent. But, there [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 14. May, 2010 by Sherry Chris.

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This week offered a mixed bag of good and bad news. On the positive front, the rate of late mortgage payments dropped in the first quarter of 2010 and RealtyTrac reported that foreclosures were down 9 percent in April from the previous month and down 2 percent from April of 2009. Foreclosures of homes that [...]

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Next Step!

Next Step!

Posted on 05. May, 2010 by Rick Gregory.

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Last week, the tax credit expired. Is that good or is that bad? California has made their decision to state-fund their version of a tax credit in an attempt to continue to drive their housing market – but what about everyone else?

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 30. Apr, 2010 by Sherry Chris.

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As expected, the end of the tax credit this week has the industry and consumers abuzz. Last month, the April 30th deadline increased sales of newly built single-family homes a whopping 26.9 percent and sales of existing homes surged 6.8 percent. Overall, the tax credit has helped 1.8 million people buy homes. Wow! Yet some [...]

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Taking Suggestions

Taking Suggestions

Posted on 16. Apr, 2010 by Rick Gregory.

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The White House wants our input on how to overhaul the nation’s $11-Trillion mortgage market. Through the Office of the Federal Register, the administration will be asking the public to provide comments to questions regarding the futures of Fannie Mae, Freddie Mac and the broader U.S. housing-finance system.

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 16. Apr, 2010 by Sherry Chris.

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There was a lot of finger pointing in Washington this week. The Federal Government is urging banks to forgive principals in order to help homeowners avert foreclosures. And banks, in turn, are hesitant to become more lenient, instead pressing the government to reduce interest rates. In another back-and-forth, former Fannie Mae executives said that competitive [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 12. Mar, 2010 by Sherry Chris.

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Of all the signs that the economy is getting better, the most exciting, in my opinion, is the shrinking number of foreclosures. It tells me that the “worst case scenario” is getting a little better, as the number of homeowners facing foreclosure decreased 2 percent from the previous month. Additionally, foreclosures in February grew 6 [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 26. Feb, 2010 by Sherry Chris.

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This week, we are having what I like to call a “Hesitation Moment.” In different data released this week, the housing market went back in time, with numbers being reported similar to those we saw in the 40s, 60s and 80s. Mortgage applications fell to the lowest level in 13 years and in January, sales [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 12. Feb, 2010 by Sherry Chris.

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This week officially kicks off the beginning of real estate season or, as I like to say, the Real Estate New Year. The 2.9 percent increase over December on new “For Sale” homes in January certainly will help the market get off to a great start. I wish everyone a Happy Real Estate New Year [...]

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