8 Articles match "Associated","January"

• The Best from RealtyTrac

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• Whitney Houston: Diva in Default
  
  The news service reports that one of two lots owned by Houston was scheduled for public auction on January 4 by the Morris County’sSheriff’s office. Houston’spublicist told a local newspaper that the property is not in foreclosure andlater was not available for comment to the Associated Press. Thanks to delinquent mortgage payments totaling more than $1million, singer Whitney Houston faces the possibility of foreclosure on a home in New Jersey, according to the AssociatedPress . A
  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. Wall Street was happy to hear that existing home sales were up nearly 3 percent between January and February. As the Associated Press reported Tuesday morning, this latest report by the Case-Shiller index, which tracks prices of single-family homes in 10 metropolitan When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Housing glut gives foreclosure buyers and investors advantage
  
  Home prices and sales plunge Sales of existing single-family homes declined in 40 states and in half of the nation’s biggest metropolitan areas in the last three months of 2006, according to the National Association of Realtors . Housing starts tumble sharply New residential construction fell sharply in January, plunging 14.3 For real estate Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds.
  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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• 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 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 for seven out of the nine census divisions tracked by the agency. 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed, World's Banks Pull Off Global Rate Reduction
  
  rdquo; The New York Times reported Wednesday that in a speech delivered the day before to members of the National Association for Business Economics, Bernanke said the economic turmoil has caused the Fed to downgrade its “already-gloomy economic outlook.” After all of this, one question remains to be answered in the near future: Will Ben Bernanke be out of a job with the new administration in January? In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday.
  www.foreclosurepulse.com - Thursday, December 18, 2008
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• Legislating Lower Foreclosure Rates?
  
  But opponents say the law is cutting down on the legitimate loans available to residents of the 10 zip codes and thereby will lower house values by reducing the number of potential buyers who can qualify for a loan, creating a glut of unsold inventory. The bill requires certain “high risk” mortgage applicants to receive credit counseling before taking out a home loan, and only applies to state-chartered loan originators, not federally chartered loan originators, according to the Chicago Association of Realtors. One such law is Illinois Senate Bill 2349 , which passed back in June
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Don't Dump Investors
  
  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. According to the National Association of Realtors, existing home values in January 2008 were down 4.6 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 of government interest and activity.
  www.realtytrac.com - Tuesday, February 3, 2009
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