7 Articles match "Associated","Houses","Presentation"

• The Best from RealtyTrac

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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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed's Cautionary Stance Predictable
  
  As predicted by everyone from Wall Street analysts and TV commentators, to probably the corner grocery store clerk down the street, the Federal Reserve held steadfast at their meeting Tuesday and kept its short term federal funds rate at 2 percent. The official statement released by the Committee Tuesday had a cautionary tone, noting that inflation remains a key concern as labor markets continue to soften and the housing market “contraction” remains ongoing. just released its weekly report on jobless claims, noting that new claims for jobless benefits rose last week to
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Latest Reports Sending Out Mixed Signals
  
  The other report, released by the National Association of Realtors , reported that pending sales of existing homes were down 1.9 In the present economy, that is a likely possibility that must be considered. Given the time it takes to get a bank to accept a short sale arrangement, and the extended time on the market, plus larger inventories of unsold housing (and let’s not forget about the glut of new housing out there and available as well), what Two reports came out Tuesday that are prime examples of conflicting opinions and the confusion they can cause the average consumer or investor when it comes to assessing the state of the economy.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Too Soon For a Comeback
  
  At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. 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 According to the official statement of the Office of Federal Housing Enterprise Oversight (OFHEO), a monthly increase in prices was reported between January and February 2008 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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• The Fed Rate Decision is Ongoing'
  
  percent has been “…the housing correction is ongoing .” Even the National Association of Realtors, which originally thought the nation’s housing market would turn around significantly by year-end 2007, is pulling back a bit on its forecast , now calling for home sales to stabilize where they are this year, with noticeable improvement in sales activity by mid-2008. Also, the longer the correction, the longer the present high inventory of homes will last — just more of a selection to choose from. The Federal Reserve is starting to sound like a broken record. Oops!
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• New Poll: Buyers to Remain on the Fence
  
  If the results of the latest Associated Press-AOL Money & Finance poll are any indication, prospective home buyers will be keeping their wallets closed and remain on the fence at least until the latest economic downturn blows over. A majority of those polled for the survey expressed pessimism over the nation’s housing contraction (as the Federal Reserve calls it) enough to not consider buying a home anytime soon. And that could be years down the road. Other survey results included: • A quarter of the 769 homeowners included in the random sample of 1,002 adults surveyed
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Economic Indicators: Image Is Everything
  
  1) The National Association of Realtors announced Monday that existing home sales nationwide were up for the month of February compared to January. Still, on a yearly basis existing home sales were down almost 24 percent from February 2007, and the national median sales price for all housing types for the month was down 8.2 As the Associated Press reported Tuesday morning, this latest report by the Case-Shiller index, which tracks When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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