U.S. Home Prices Rose 1% in June
U.S. Home Prices Rose 1% in June
August 31, 2010 — The New York Times
A crucial index on home prices in the United States rose in June, the last month that benefited from a tax credit for home buyers.
Don't miss your real estate niche
August 30, 2010 — Inman News
During the first quarter of this year, 46 percent of the homes sold in San Diego County were distressed properties, making involvement with REO (bank-owned) and short-sale properties an obvious choice for an agent looking to succeed.
Survey: Mortgage closing costs 37% higher
August 30, 2010 — USA Today
A new federal rule this year requiring mortgage lenders to give borrowers reliable estimates of closing costs appears to be working — whether it's also costing borrowers more money is uncertain.
Housing Supply and Demand Won't Balance until 2012: Moody's
August 30, 2010 — DSNews
Moody’s Investors Service says it expects home price appreciation to be “soft” for the next couple of years. The company says there were 1.8 million more vacant homes sitting on the market than what is considered the norm at the end of the second quarter. According to Moody’s, this imbalance of supply-and-demand, particularly in light of the steep falloff in home sales post-tax credit, means the home price correction is not yet over.
Judge fines major legal firm for foreclosure conduct
August 31, 2010 — HeraldTribune.com
MANATEE COUNTY - A circuit judge singled out a Fort Lauderdale foreclosure firm on Monday, finding its business model violates legal ethics and leveling a $49,000 fine for scheduling hearings and then not showing up in court.
Arizona HOAs turn to hardball tactics; critics call system inequitable
August 30, 2010 — Arizona Republic
Arizona homeowners associations are not accepting a resident's foreclosure as an excuse when it comes to collecting unpaid dues, assessments and fines.