Today’s news that may be of interest to you:
Fed Housing Blueprint Lost Amid Partisan Politics
Reuters | February 21, 2012
In its search to for fixes for the battered housing market, the Fed has run headlong into a culture clash between its own cerebral, deliberative norms and the sound-bite driven, polarized election-year political environment on Capitol Hill.
Senate Bill Requires Response to Short Sale Requests Within 75 Days
HousingWire | February 20, 2012
A new Senate bill aims to speed up the short-sale process by requiring mortgage lenders or servicers to respond within a mandated timeline or face potential fines.
Treasury Increases Incentives for Principal Reductions
DSNews | February 20, 2012
A recently released Supplemental Directive from Treasury increases incentives for second lien investors when loans receive principal reductions.
Home Prices Fall, But Inventory Levels Improve
HousingWire | February 17, 2012
The national inventory of single-family homes, condos and townhomes declined 23.2% in January from a year earlier, as more markets benefited from an influx of investors and buyers looking for deals, Realtor.com said.
Economists Are Unconcerned By a Rise in Consumer Prices
New York Times | February 17 2012
Consumer prices rose in January for only the second time in four months, pushed up by higher costs for food, gas, rent and clothes. In addition, a gauge of future economic activity rose in January for the fourth-straight month, providing evidence that the economy is strengthening.
Housing Rebound Comes Too Late for Many Smaller Builders
FOX Business | February 20, 2012
A funny thing happened on the way to the housing recovery: The public homebuilders got bigger, and the private construction firms disappeared.
Tax Cut Extension Passes; Everyone Claims a Win
New York Times | February 17, 2012
With each party saying it pocketed an election-year victory, Congress voted to extend payroll tax cuts and unemployment benefits and sent the legislation to President Obama.
From the National Association of Realtors®:
Housing Affordability Reaches New Records
It’s a good time to buy. In fact, according to a nationwide housing index, a home buyer’s purchasing power has never been better.
FSBO Site Founder Reaches Out to Real Estate Pros
“I want to have warm relations with agents,” says the founder of ForSaleByOwner.com, who just launched a new online venture.
Anthony V. Carollo / President
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