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December Home Sales Down Nearly 17 Percent January 23, 2010, Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, sinking more dramatically than expected after lawmakers gave buyers additional time to use...
Fannie, Freddie Suspend Foreclosures December 18, 2009, The Associated Press Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures and evictions for about two weeks in a temporary break for borrowers during the holiday season...
Nearly 70 Percent of LV Homeowners ‘Underwater’ on Mortgage November 30, 2009, Las Vegas Sun Homeowners in the Las Vegas area continue to be punished by dropping prices, with the number underwater in their mortgages surpassing 319,000 or 69...
With Foreclosures Rising, Why is Housing Market Improving? Christian Science Monitor The US housing market shows signs of progress, even in the face of a rising and record tide of foreclosures. On its face, that sounds incongruous. All those loan defaults...
Look at Case-Shiller Numbers, by Metro Area Wall Street Journal January 27, 2009 The S&P/Case-Shiller home-price index, a closely watched gauge of U.S. home prices, showed accelerating price declines. Obstacles Delay REO Sales Inman News January 27...
When the British rock band The Clash penned their only number-one single “Should I Stay Or Should I Go” in 1981 for their album Combat Rock, they never imaged the song would have serious implications for the 2009 U.S. housing market. Today...
As home prices continue to decline nationwide, many homeowners find themselves with negative equity, owing more on their loans than their houses are worth. Negative equity, or being “underwater,” exposes borrowers to foreclosure because they...
Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description. Today, approximately 10 percent...