Today’s Real Estate News 8-26-2010

26 Aug

Today’s news that may be of interest to you:

Jobless Claims Fall 31,000 Last Week
Reuters | August 26, 2010
New claims for unemployment benefits fell more that expected last week but a measure of underlying labor market trends rose to a nine-month high, government data showed on Thursday.

FHFA Home Price Index Shows First Increase in Three Years
DSNews | August 25, 2010
Home prices in the U.S. rose in the second quarter of 2010, according to the Federal Housing Finance Agency (FHFA).

Chase Moves to Speed Loan Mod Evaluations
DSNews | August 25, 2010
Chase, the consumer and commercial banking arm of New York’s JPMorgan Chase & Co. says it “remains committed to helping customers avoid foreclosure.”

Late Payments Rise on Second Mortgages, Decline for Firsts: Report
DSNews | August 26, 2010
Monthly default rates in July declined for first mortgages, but a larger number of homeowners fell behind on their second lien payments, according to data released jointly by Standard & Poor’s and Experian.

New-home Sales Hit a 40-year Low
The Washington Post | August 25, 2010
Sales of new homes dropped to their lowest level since the government started tracking the numbers more than four decades ago, offering an ominous sign for the direction of the already fragile housing market.

More Lenders Modifying Troubled Home Loans by Extending Mortgage Terms to 40 Years
Orlando Sentinel | August 25, 2010
Maria Olmo, 63, doesn’t like her chances of paying off her new, 40-year mortgage. “I’ll die before it’s paid off,” said Olmo, who got her 30-year mortgage modified because she was at risk of losing her home to foreclosure.

From the National Association of Realtors®:

Survey: A Quarter of Renters Want to Remain So
Of those who do plan to buy, two-thirds expect to wait more than two years to do so, according to research by Trulia.

Owner Financing Can Expedite Sales
Learn the guidelines that buyers and sellers should follow to help renters buy a home.

Mortgage Applications Jump
Total volume jumped 4.9 percent last week with most of the gain coming from refinancings, according to the Mortgage Bankers Association.

Anthony Carollo 2007 EMAIL  

Join My List

Find me on:   LinkedIn  

Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA  99201
Telephone: 509.328.7171
Direct Line: 509.321.3939
Direct Fax: 866.652.8834

Please remember to choose Stewart Title of Spokane on your next transaction!


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: