Category: Real EstateBy Admin on Apr 17, 2007 in Real Estate | 0 Comments
The Senate Banking Committee and one of its subcommittees dealt this week, however superficially, with two issues that should be of interest to a lot of homeowners. Hopefully these won’t be problems that they have just teed up and then punted into obscurity. Both are worthy of discussion if not action.
By Admin on Apr 17, 2007 in Real Estate | 0 Comments
A coalition of housing activists and civil rights groups has called for a six month moratorium on foreclosures to provide time for financially troubled homeowners with time to solve their problems.
By Admin on Apr 17, 2007 in Real Estate | 0 Comments
Will the economy return the favor?
Spring usually provides the strongest home selling period of the year and with interest rates still relatively low and the job market improving the forecast sees conditions “ripe for a firming in housing demand,” but acknowledges that there are still problems.
By Admin on Apr 17, 2007 in Real Estate | 0 Comments
In a statement accompanying the release of Freddie Mac’s Primary Mortgage Market Survey for the week ended April 5, Frank Nothaft, Freddie Mac vice president and chief economist remarked, “Mortgage rates have remained within a narrow band of 0.1 percentage points over every week in March. This relative stability is due to mixed economic data releases as to how strong the economy is and whether future inflation will recede. One bright spot this week came from an unexpected increase in pending home sales for February, which suggests the housing market is still healthy.”
By Admin on Apr 17, 2007 in Real Estate | 0 Comments
David Lereah, the chief economist for the National Association of Realtors (NAR) has weighed in on the bankruptcies, foreclosures, and predicted Armageddon in the subprime mortgage market.
In a column on the NAR website titled “The Subprime Mess” Lereah gives his take on what has happened and what might. Much of it is a recounting of the familiar history leading up to the current tumult, but he does have an interesting take on…
