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19 Articles match "2007","Associated"
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The Latest from RealtyTrac
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Existing Home Sales Rise for Fourth Straight Month in July
million units, the highest rate since August 2007, the National Association of Realtors said, beating...( Pace of U.S. existing home sales fastest in 2 years August 21, 2009, Reuters Sales in July rose for the fourth straight month to hit an annual rate of 5.24 read more )
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Foreclosure Pulse
- Friday, August 21, 2009
Don't Dump Investors
Introducing the Hope Now program in 2007, President Bush said “weve got a role, the government has got a role to play — but it is limited. According to the National Association of Realtors, the median price of an existing home rose from $124,800 in 1998 to $201,100 as of January 2008. The Census Bureau says that at the end of 2007 there were 128 million housing units in the U.S. Don’t Dump Investors By Peter G. Miller When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage
www.realtytrac.com
- Tuesday, February 3, 2009
How Much for Those Lender Assets in the Window?
This is a huge issue because at the end of 2007 the United States had residential mortgages worth $10.5 lot of loan servicers, accountants and attorneys are going to be working nights and weekends to get the work done.” As an example, the surprise in the WAMU deal was not the high default rates for subprime or option ARMs, rather it was the huge losses associated with home equity lending. How Much for Those Lender Assets in the Window? By Peter G. Miller Long ago there was a song which asked the magic question, how much
www.realtytrac.com
- Tuesday, February 3, 2009
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The Best from RealtyTrac
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Existing Home Sales Rise for Fourth Straight Month in July
million units, the highest rate since August 2007, the National Association of Realtors said, beating...( Pace of U.S. existing home sales fastest in 2 years August 21, 2009, Reuters Sales in July rose for the fourth straight month to hit an annual rate of 5.24 read more )
...Tags:
Foreclosure Pulse
- Friday, August 21, 2009
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MBA Numbers Mirror RealtyTrac Data:
The number of delinquent mortgage payments and foreclosures jumped in recent months, according to a new survey released today by the Mortgage Bankers Association . Looking ahead to 2007, the mortgage association expects delinquencies and foreclosures to continue on the rise at a “modest increase” over the next several quarters “as the housing market bottoms.” The MBA’s quarterly report — surveying more than 42 million mortgages nationwide — found that the rate of delinquencies and foreclosures rose to 4.7 percent from July through September.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices. At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. LONG BEACH, Calif. — The CAR forecast also calls for a 2 percent drop in the state’s
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Too Soon For a Comeback
Even the National Association of Realtors, which has come out with its latest report documenting a two percent decline in existing home sales for March 2008, down 19.3 percent from March 2007, can’t be certain. percent from $217,400 in March 2007 to $200,700 last month. At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. The bottom line is that no one can say anything with 100 percent certainty given the current state of our national economy.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Las Vegas
Shari Springer Springer Realty The Greater Las Vegas Association of Realtors reported May 6 that 1,794 single-family homes were sold in April, a 21.4 percent higher than April 2007. percent from April 2007. percent jump over the 1,478 homes sold in March. The sales are 29.9 Properties
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Waning Confidence a Concern That May Help Foreclosures
Results of the most recent member survey conducted by the National Association of Home Builders shows the level of builder confidence in the nation’s housing market at its lowest point since 1995. Declining numbers are being felt across the board in residential building permits, housing starts (projected to be down 10 percent for 2006 and another 6 percent in 2007) and completions, resulting in a total $64 billion drop in residential construction. Economics 401 – Effects of a housing ‘slump’? When James L. Doti, president of Chapman University, updated his 2006 economic
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fannie: Q1 a Swift Kick in the Rear
It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit. billion loss reported for Q4 2007, it pales in comparison to the $961 million profit the GSE reported for the same quarter a year ago. Credit-related And as with many corporations in this country, the national economy is kicking Fannie around…fast and hard! One of the nation’s two Government Sponsored Enterprises (GSEs), Fannie reported a first quarter net loss of $2.2
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Subprime Market Sinking Further Into the Abyss
which just last month was boasting an increase in loan production for January 2007 over numbers reported for the same month a year earlier. The Mortgage Bankers Association released a response Friday calling for federal regulators to “avoid an overreaction to an evolving marketplace or current economic conditions.” The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of the next
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Negative Savings Rate Portends More Defaults
A Commerce Department report released last week confirmed that Americans are continuing to spend more than they make, setting the stage for more increases in foreclosure activity in 2007. Not since the Great Depression has the personal savings rate registered in negative territory for two consecutive years, according to an Associated Press article on the report. The Personal Income and Outlays report pegged the countrys personal savings rate at negative 1 percent in 2006, lower than the negative 0.4 percent in 2005.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Lenders Asked to Clean Up Unhealthy Foreclosures
So far in 2007 four people have died from West Nile Virus — two in Kern County, one in San Joaquin County, and one in Colusa County — prompting Gov. One of the downsides of taking back foreclosed properties for the lender is the obligation and cost associated with managing those REOs — some of which are bound to be vacant for a while, especially with the extended time it is currently taking to sell real estate in the Golden State. Not only are foreclosures unhealthy for the economy, apparently they can be unhealthy for people as well. At least unhealthy enough that, in an unprecedented
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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