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Realtors Seek Data Help
It wasn't at all what I expected. With accusations over the weekend by various journalists that the Realtors have been overestimating existing home sales numbers, I was ready for a full-court PR press at this morning's monthly sales report lockup. Not so much.
New Doubts Over Housing Data
Why do all these numbers matter in the real world of Sunday open houses and local market closings? Because sales and inventories drive prices and they drive expectations...the latter, perhaps, more important in the current market where consumer confidence is all but non-existent.
Mortgage Delinquencies ‘Turn a Corner’
Fewer Americans are falling behind on their mortgage payments; in fact, the fewest in two years. Mortgages just one payment past due (30 days) fell to their lowest level since just before the recession began.
It May Be Time to Believe in Housing Again
As the economy improves, and consumers start to feel better about their personal finances, they are starting to think about investing in their homes again.
A Caution for the Raging Apartment Sector
It seems all this help for the housing market may impact negatively the one area of housing that's actually doing well right now, the apartment sector.
Fannie and Freddie Finally on the Block
The Obama administration finally released it's "white paper" on how to eventually wind down Fannie Mae and Freddie Mac. Really no surprises. They offer three scenarios and don't throw their weight behind any one in particular.
Foreclosure Exposure Splits the Nation
Anyone who expected to see a big jump in foreclosure numbers, now that banks/servicers are supposedly ramping up the post-robo process again, got a big surprise today.
Negative Home Equity Surges, Weighing on Housing Recovery
The number of borrowers who owe more on their mortgages than their homes are worth took a huge leap in the fourth quarter of 2010.
A Mortgage Game with No Rules
Several speakers at the forum said several scary things about housing and foreclosures.
Big Changes Coming for Mortgage Market
What leaked last week was the idea of reducing Fannie, Freddie and FHA loan limits, currently at $729,750 for high-priced markets to $625,000.
