Obama Signs First-Time Homebuyer Tax Credit Extension Obama Signs Homebuyer Tax Credit Extension | KW South Florida – 2009-President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010. The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from the current November 30 deadline and expands.
Real Estate Market MyPropertyValue – Shadow inventory improves but still threatens housing recovery. By Les Christie August 22, 2011NEW YORK (CNNMoney) An ominous cloud is hanging over the housing market: Millions of distressed properties could be put up for sale at any moment, potentially adding to the glut of unsold homes that are already on the market and depressing home prices even further.
Cynthia Gillette-Hurd RE/MAX Results, 2605 Campus Dr. – Mortgage rates drop again, Freddie Mac says; 30-year at 3.53% . Now is the time! Call me! latimes.com The average rate on a 30-year fixed mortgage hit another new low this week, dropping to 3.53% from 3.56% last week, according to Freddie Mac ‘s survey of what lenders are offering to well-qualified borrowers.
Multifamily construction pushes housing starts As the saying goes, the numbers don’t lie. And in the multifamily construction industry, the figures are telling a story of robust and opportunistic growth in 2011. A look at new starts reveals.
shadow inventory | Survival And Prosperity – Total housing inventory at the end of July fell 1.7 percent to 3.65 million existing homes available for sale, which represents a 9.4-month supply at the current sales pace, up from a 9.2-month supply in June. And don’t forget about the "shadow inventory," or looming foreclosures that are expected to hit the market.
Low-Income Rentals Migrating Out of Affordability – The company found increasing rents, stagnant household incomes, combined with potential changes to public subsidies. rise without a corresponding increase in wages, households with lower incomes.
Freddie Mac: Threat of shadow inventory subsides, home prices. – pdf furman center housing and Land Use News Digest August 9, 2012 – Freddie Mac: Threat of shadow inventory subsides, home prices rise housingwire, 8/8/12 "It’s often feared a shadow inventory of homes will flood the housing market derailing the fragile recovery that some now believe is under way. But a new report from Freddie Mac says this view may be too
Wells Fargo will not join BofA in foreclosure suspension not a single of the too-big-to-fail banks is smaller; in fact, they all continue to grow in size and risk,” the group’s press office said in an April 26 e-mail. Five banks — JPMorgan, Bank of America.Jacob Gaffney Happy New year! mortgage lenders face disappointing outlook for 2019 – Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009..
The Shadow – YouTube – Freddie Mac’s Vice President and Chief Economist, Frank Nothaft, gives a video preview of the August 2012 U.S. Economic and Housing Market Outlook. For the complete August Outlook and Table visit.
Home Prices Rise 2 Consecutive Months – Housing Market Home. – U.S. home prices showed two consecutive months of increases in March and April for the first time since the summer of 2010 when the market benefitted from the federal tax credit for home buyers, according to CoreLogic. The firm’s Home Price Index rose 1.1 % year over year in April for the two.
4 Reasons Why the Housing Market Still Hasn’t Recovered – Just this week the Federal Housing Finance Agency reported to congress that Fannie Mae and Freddie Mac are still in. adding to the pile. The shadow inventory still has millions of homes to clear.
Large housing inventories to be sold at deep discounts in 2011: DBRS Your customizable and curated collection of the best in trusted news plus coverage of sports, entertainment, money, weather, travel, health and lifestyle, combined with Outlook/Hotmail, Facebook.