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Today’s Real Estate News 12-29-2010

29 Dec

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

In the Rearview, a Year That Fizzled
The New York Times | December 29, 2010
It was the year that the economy started to recover and then slid back into a slump – only to offer reason for renewed hope in the final weeks.

GOP Shifts on Fannie, Freddie Overhaul
The Wall Street Journal | December 29, 2010
Earlier this year, leading House Republicans proposed to privatize mortgage giants Fannie Mae and Freddie Mac or place them in receivership starting in two years. Now, as Republicans prepare to assume control of the House next week, they aren’t in as big a rush, cautioning that withdrawing government support in the housing market should be gradual.

Faces of the Home-Foreclosure Crisis
The Wall Street Journal | December 29, 2010
The foreclosure crisis that erupted four years ago has claimed more than five million American homes-about 10% of all homes with a mortgage. It began in lower-income neighborhoods and has spread to some of the most exclusive addresses in the U.S.

2010 Worst Year for Bank Failures Since 1992
The Washington Post | December 29, 2010
More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Insurance Corp.

Can the Stock Market Have a ‘Home-Less’ Recovery?
CNBC | December 29, 2010
The stock market rallied amid zero or negative job growth in 1991, 2002 and during the current bull market. A so-called jobless recovery has become part of Wall Street vernacular. However, the stock market never had to keep rallying during a period where the prices of homes, where most of Americans’ wealth lies, keep going down. That could be put to the test next year.

Housing Recovery Stalls
The Wall Street Journal | December 28, 2010
A new bout of declining home prices is threatening to hamper the U.S. recovery, just as consumers and the overall economy have been showing signs of healing.

From the National Association of Realtors®:

Predictions for Housing in 2011
Will housing rebound in the year ahead? Fortune.com highlights both sides of the coin, from affordability driving buyers to high inventories pushing prices lower.

Foreclosure Inventory Rises, Rate Drops
See which states have the most delinquent home loans and which have the fewest, according to Lender Processing Services.

Anthony Carollo 2007 EMAIL  

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Stewart Title of Spokane
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