AnchorNews

  • Real Estate News Summary 5/18/12

    Today’s News Synopsis:

    According to the RE/MAX National Housing Report the national median home price rose for the third straight month.  Freddie Mac conducted a survey which showed the average fixed rate mortgage reached a record low again.  The Bureau of Labor Statistics reported a slight increase in ...

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  • Real Estate News Summary 5/15/12

    Today’s News Synopsis:

    According to BuildFax residential remodeling projects dipped in March but still remained at elevated levels. The National Association of Realtors noted improving access to affordable mortgages, committing resources to loan modifications and short sales will help reduce current and future REO inventories.  U.S homebuilder’s confidence hit a ...

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  • Real Estate News Summary 5/14/12

    Today’s News Synopsis:

     

    Standard & Poor’s Rating Services estimates it will take 46 months to clear shadow inventory based on first-quarter 2012 data.  Fannie Mae and Freddie Mac are managing bifurcated REO inventories because of the robo-signing effect on different areas of the country.  The National Association of Realtors ...

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  • Real Estate News Summary 5/11/12

    Today’s News Synopsis:

    Interest rates continue to slide further down alongside the decline in home prices. Signs of a true recovery are finally emerging in the U.S. property market as average prices for homes across the nation inch up for the third month in a row. May consumer sentiment hit ...

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  • Real Estate News Summary 5/9/12

    Today’s News Synopsis:

    Lenders applying for Ginnie Mae mortgage-backed approval will find it more challenging in the coming months. When including distressed sales, home prices rose month-over-month by the same percentage point as they dropped year-over-year. In Freddie Mac's Primary Mortgage Market Survey, the average fixed mortgage rates found new ...

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  • Real Estate News Summary 5/7/12

    Today’s News Synopsis:

    Both the expectation for home prices and the percentageof those who think the U.S. economy is on the right path reached recordhighs.  “Flipping” a house – buying ahome, refurbishing it and selling it at a profit – is not as easy as realitytelevision makes it seem.  A ...

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  • Real Estate News Summary 5/4/12

    Today’s News Synopsis:

    For home buyers or refinancers, borrowing costs for home ownership just got a little cheaper as mortgage rates took another dip to new all-time record lows this week. Is The Pending Foreclosure Flood A Fairytale? Wells Fargo, the nation’s largest lender for home loans, is continuing to ...

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  • Real Estate News Summary 5/3/12

    Today’s News Synopsis:

    Homebuyer affordability is even greater now with the fixed mortgage rates

    slipping to new record lows. Ocwen Financial Corp. ($14.62 0%) saw its first-quarter profits fall. Passing a Homeowner Bill of Rights for California borrowers is a crucial step toward preventing future foreclosure abuses, federal housing chief ...

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  • Real Estate News Summary 5/2/12

    Today’s News Synopsis:

    Home ownership in the < w:st='on' region=''>U.S.< region=''> fell to its lowest rate in 15 years during the first quarter. The nation’s delinquency rate for commercial mortgage-backed securities is grimly close to matching the highest rate ever recorded.While delinquencies saw a decline and reached their lowest level since ...

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  • Real Estate News Summary 5/1/12

    Today’s News Synopsis:

    RealtyTrac reports are turning wave of foreclosures is breaking in the struggling < w:st='on' region=''>U.S.< region=''> housing market. According to data from Clear Capital, REO prices have increased 5.5percent, while fair market prices dropped 2.9 percent. NAR has announced the beginning of recovery for the < w:st='on' region=''>U.S.< region=''>housing market, based ...

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