11 Articles match "January","News"

• The Best from RealtyTrac

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• U.S. Housing Starts Rise, Though Permits Fall
  
  million units economists had predicted and the largest monthly increase since January 2006. To say on top of all the latest news and events in the real estate industry, go to RealtyTrac’s News & Events section. Posted 03-21-2007 8:44 AM by Octavion Filed under: Foreclosure Trends , Real Estate Trend The pace of new home construction jumped in February by the largest amount in more than a year, but building permits continued to decline, indicating future weakness in the housing market, according a new Commerce Department report today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Feb. Foreclosure Report: Are We at Bottom Yet?
  
  The February monthly decrease is more likely a seasonal decrease helped along by a shorter-than-average month and the fact that Januarys numbers are often padded with some pent-up foreclosure activity from the holiday season. foreclosure activity was down 6 percent from January. The more important indicator is the year-over-year increase, which has been between February foreclosure activity was down 4 percent from the previous month but still up 57 percent from February 2007, according to the latest RealtyTrac U.S. Foreclosure Market Report .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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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. 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 . Houston’spublicist told a local newspaper that the property is not in foreclosure andlater was not available for comment to the Associated Press.
  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. which was being courted for a buyout by Credit Suisse Group, is now being sold to Citadel Investment Group LLC, which won the right to purchase the lending institution for $180 million in a last minute auction, according to Bloomberg News . This latest news comes right on the heels of a joint The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally).
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Too Soon For a Comeback
  
  Although industry analysts were anticipating this monthly decline, according to Mortgage News Daily . While everyone is worrying what the Federal Reserve is going to do next to try and stabilize the economy and keep it from falling deeper into recession, a slight bit of good news also came out this week with the announcement that home prices rose 0.6 According to the official statement of the Office of Federal Housing Enterprise Oversight (OFHEO), a monthly increase At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Housing glut gives foreclosure buyers and investors advantage
  
  Housing starts tumble sharply New residential construction fell sharply in January, plunging 14.3 For real estate investors and home buyers, weakness in January construction means that builders will slash prices and offer incentives to motivate buyers into writing offers. Foreclosures surge upward The biggest news in residential real estate, however, seems to be foreclosures. 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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• Governor Suspends Controversial Law Affecting Investors
  
  Rod Blagojevich suspended the law on January 19, 2007. For legitimate investors looking to help homeowners in distress, the law’s suspension is welcome news. It was controversial when it took effect, and it remained controversial until public officials decided enough was enough – roughly a little more than a year later. But House Bill 4050 (renamed Public Act 94-280) is now null and void, which should be a relief to real estate investors and prospective homebuyers looking for bargain property in south Chicago .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Local Market Perspective: Lake Havasu, Ariz.
  
  Unfortunately, what folks hear in the news, for the most part, does not apply to Lake Havasu; with it being a second home community, people from out of state are not jumping on the buying wagon since their present homes, which are up for sale, are still not selling. Since January, I have seen builders giving away their product just to get out from under the declining market and stop the payments on their construction loans. With a population of fewer than 55,000, the Lake Havasu, Ariz., real estate market is still declining.
  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. The company’s 20-city composite index also declined in January from a year earlier, down almost 11 percent. When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic indicators are released, if Wall Street perceives them as
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fed, World's Banks Pull Off Global Rate Reduction
  
  Now not only stock indexes are being affected, but recent news reports have focused on foreclosure problems in other parts of the world. 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. Citing the recent intensification
  www.foreclosurepulse.com - Thursday, December 18, 2008
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