Archive for June, 2010

Foreclosures sell at 30% discount

Continue Reading Add comment June 30th, 2010

Foreclosures accounted for a third of all sales — and sold at a nearly 30% discount — during the first three months of 2010.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/jC6wVGhDS4I” height=”1″ width=”1″/ Read more »

Home prices up 3.8% in April - but don’t celebrate

Continue Reading Add comment June 29th, 2010

Home prices rose 0.8% in April compared with March and were up 3.8% from a year ago, according to the SP/Case-Shiller Home Price Index of 20 major housing markets. However, prices, are still off 30% from their peak.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/uiZWsyVwLOg” height=”1″ width=”1″/ Read more »

What Wall Street reform means to your mortgage

Continue Reading Add comment June 29th, 2010

Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lenders warn.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/Txe7PRwshfE” height=”1″ width=”1″/ Read more »

Beaten-down condos: ‘Deals of lifetime’

Continue Reading Add comment June 29th, 2010

For the first time in years there is a glimmer of hope in the condo market. After falling 20% nationwide and 60% or more in the hardest-hit areas, median condo prices remained flat nationally in the first quarter vs. a year earlier.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/35rFYpohLkQ” height=”1″ width=”1″/ Read more »

Scamming the system for $8,000 tax credits

Continue Reading Add comment June 25th, 2010

Some homebuyers are angling to claim the $8,000 tax credit even though they missed the deadline.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/1mpkkmyYB6g” height=”1″ width=”1″/ Read more »

The housing head fake, part 362

Continue Reading Add comment June 24th, 2010

The housing market took a big step back in the month of May. There’s no disputing that.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/ygiIir2S7JU” height=”1″ width=”1″/ Read more »

200,000 could lose out on homebuyer tax credit

Continue Reading Add comment June 24th, 2010

Nearly 200,000 homebuyers could lose out on the $8,000 tax credit because they can’t get deals done by the June 30 deadline.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/F35vnmwKWO4″ height=”1″ width=”1″/ Read more »

Chase hiring 1,200 to process home loans

Continue Reading Add comment June 24th, 2010

Several banks are gearing up to do a whole lot more mortgage lending in the future.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/ix_VwPwzdyk” height=”1″ width=”1″/ Read more »

Banks: We’re hiring so we can make more home loans

Continue Reading Add comment June 24th, 2010

Several banks are gearing up to do a whole lot more mortgage lending in the future.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/8CfDT-PGbdQ” height=”1″ width=”1″/ Read more »

5 states get mortgage help

Continue Reading Add comment June 23rd, 2010

Five states hit hard by the mortgage crisis will soon share $1.5 billion in federal funds to help the unemployed and the underwater who owe more than their homes are worth.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/FkzofOA002M” height=”1″ width=”1″/ Read more »

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