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WSJ - lack of attractive inventory
The housing market, which has struggled with an oversupply of homes for
years, is facing a new problem: a lack of attractive inventory. There were more than
2.19 million homes listed for sale at the end of September, down 20% from a
year earlier, according to a new report from the real-estate ...
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OK, so here's today's Real Estate insanity - A homeowner is renting his house and decides to stop paying his mortgage because he can no longer afford the payments (mortgage, taxes, HOA, etc.). Eventually, the tenant gets a knock on the door from the Process Server notifying him of an impending foreclosure. HERE'S ...
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In September, Chase announced a review of 56,000 foreclosure cases in 23 states that require a judge to sign off on a foreclosure. The recent move expands the inspection to states that do not require judicial approval. Under the latest expansion, the foreclosure process will continue while documents are being examined, expected to take a few ...
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So tell me the logic in this: The government puts out this great first time home buyer program where loans have to be closed by June 30 to get an $8000 tax credit. Then Congress fails to fund the National Flood Insurance fund and the 100% USDA Guaranteed fund, so the buyers that WANT to take advantage ...
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According to the 10-City Composite Index of house prices released by real estate market data provider Altos Research, house prices declined 0.5% in September and 1.1% during the third quarter. The index is a measure of home prices based on summaries of metrics associated with active residential property listings. After bottoming out at ...
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