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Category Archives: Real Estate news

Real Estate Today 9-24-2012


We received quite a bit of feedback on the two most popular articles we had last week, check them out if you missed them: Listing search of diminishing value for agent websites and Why real estate agents don’t answer the phone

‘Horifying’ Find in Ohio Foreclosure
RealtorMag | September 21, 2012
In foreclosed homes, it’s not uncommon to find belongings the previous owner left behind, such as furniture, clothes, or piles of trash. But a foreclosure in Dayton, Ohio, gave police possibly one of their most shocking finds yet — boxes containing the cremated remains of 56 people.

Agents and Twitter: Where You’re Going Wrong and How to Fix It
InmanNext | September 21, 2012
There have been endless articles written educating agents on how to use Twitter. There are also a ton of helpful posts about how to manage your time on the site so that you maximize your success without getting caught up in the world of pointless tweets.

Investors raise $8 billion for REO
HousingWire | September 21, 2012
Larger Wall Street investors rushing into the REO market have raised between $6 billion and $8 billion for acquisitions, according to analysts at investment bank Keefe, Bruyette & Woods.

Home Woes May Scuttle Your FHA Mortgage
MarketWatch | September 24, 2012
What’s a sure way to slow down approval of your FHA mortgage? Try to close on a property that doesn’t meet its safety, soundness and security requirements.

How Nixon Expanded Fannie Mae’s Footprint
The Wall Street Journal | September 21, 2012
A look back: Rather than weaning the mortgage market from dependence on Fannie, President Nixon increased it by signing the Emergency Home Finance Act of 1970.

Resolving unpaid HOA accounts before it’s too late
InmanNews | September 21, 2012
Delinquent homeowners owe homeowner associations (HOAs) about $1 billion in back dues, according to a Bloomberg News source, and the HOAs desperately want that money back — in some extreme cases in order to survive.  (This article is aimed at servicers of loans, I include it because it seems to me that the real estate industry could soon be dealing primarily with this kind of service for HOAs rather than working with the neighborhood leadership on collections. ~Anthony)

5 Reasons to Sell Now
The KCM Blog | September 24, 2012
Many sellers feel that the Spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the Fall and Winter have their own advantages. Here are five reasons to to sell now. (The article lists some solid reasons to sell now rather than wait until Spring.  Do you agree and can you think of some other great reasons to list your home now?  What about commercial real estate?  ~Anthony)

School district in talks with city to buy Joe Albi Stadium
The Spokesman-Review | September 24, 2012
Spokane Public Schools has an interest in buying Joe Albi Stadium.  (You can give us your opinion on our Facebook page poll!  https://www.facebook.com/#!/stewarttitlespokane )

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Posted by on September 24, 2012 in Real Estate news

 

Real Estate Today 9-21-2012


Why real estate agents don’t answer the phone
InmanNews | September 20, 2012
We get a bad rap from the experts for not answering our phones. In spite of all the coaching and complaining, it doesn’t seem to get any better. There will always be agents who do not return phone calls, and we deserve all of the criticism we get — even when the calls are not actually going to us because of the way we market ourselves. (I’m curious to hear from agents on this article. ~Anthony)

5 Surprising Home Buyer Turn-Offs
Trulia | September 19, 2012
The prospect of selling your home effectively makes you a marketer. And effective marketing requires that you understand the mind and priorities, likes and dislikes of your target buyer. In real estate, we all know that buyers like to see homes that are pristine, huge and well-located. Sometimes, though, it’s much harder to recognize when our own homes might actually be triggering buyers’ distaste – or disgust. 

Canceled Contracts Dog Real-estate Recovery
MarketWatch | September 20, 2012
An average of nearly 18% of signed contracts on existing home sales were canceled during the three months ending July, according to data released this month by Capital Economics. (Failed contracts- what’s your market doing? ~Anthony)

Economists Far More Optimistic on Future of Housing Prices: Survey
DSNews | September 20, 2012
A strengthening housing market in the past few months has economists making more bullish predictions about the recovery, Zillow revealed Thursday.

Discussion: Does Home Staging Pay Off?
The Wall Street Journal | September 20, 2012
Do luxury listings really need rented furniture to sell?

Deutsche Bank Claims Housing Correction Complete
HousingWire | September 20, 2012
Recent indicators showed housing has largely corrected back to pre-bubble levels and affordability, according to a note from Deutsche Bank analysts.

3 Macro Indicators Predicting a Real Estate Rally
NBC News | September 20, 2012
In what can only be considered a hallmark week for real estate, new macro indicators have given further validity to the hope that the housing market is solidly improving. Read below for the good news, as well as five different companies poised for profit.

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Unhappy at Work? Find Out Where You Fit
The Wall Street Journal | September 20, 2012
Ever had the sneaking suspicion that you’d be happier at another company? Here’s a way to put that hunch to the test.

Rep. Neugebauer questions CFPB six-figure salaries
HousingWire | September 20, 2012
Rep. Randy Neugebauer, R-Texas, is questioning the Consumer Financial Protection Bureau’s decision to pay six-figure salaries to 958 staff members.

 

 
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Posted by on September 21, 2012 in Real Estate news

 

Real Estate Today 9-20-2012


10 best states for first-time homebuyer help
MSN Real Estate | September 2012
Achieving the American dream has long been associated with owning a home. Yet for many of today’s would-be homebuyers, economic uncertainty has called that dream into question.  (OK experts, here is your chance to shine!  What great programs do we have available to first-time homebuyers in the Northwest? ~Anthony)

Some Markets See Inventories Cut Nearly in Half
RealtorMag | September 19, 2012
The number of homes for sale in the last year is falling the most in California, with eight of the top 10 biggest drops in inventories in the last year from metro areas in the Golden State. Many California metros are also seeing asking prices on the rise in the last year, too. (One NW area metro makes the list – which one is it?)

U.S. Banks on High Alert for Cyberattacks
Columbus Dispatch | September 19, 2012
A financial-services industry group warned banks yesterday to be on heightened alert for cyberattacks after Bank of America Corp. and JPMorgan Chase & Co. experienced unexplained outages on their public websites.

U.S. May Have Paid $1B in False Claims
The Washington Post | September 19, 2012
Report finds HUD may have paid hundreds of millions of dollars in mortgage aid to homeowners who did not qualify for the help.

Housing Recovery Nuanced at the Local Level
The Wall Street Journal | September 19, 2012
Today’s existing-home sales numbers from the National Association of Realtors, paired with today’s Census data on housing starts and a boost in builder confidence from earlier this week, paint a picture of housing on the mend.

Meet the New Boss: Big Data
The Wall Street Journal | September 20, 2012
At more and more companies, the hiring boss is an algorithm, as jobs that were once filled on the basis of work history and interviews are left to personality tests and data analysis.

Incomes Fell or Stagnated Last Year
The Wall Street Journal | September 19, 2012
The income of the typical U.S. family fell or was flat in almost every state last year, with the drop particularly steep in places where the economy has been hit hard by the housing bust.

Real Estate Investors Plan to Purchase More Homes in U.S.
BusinessWeek | September 20, 2012
Almost two-thirds of U.S. residential real estate investors plan to buy as many as or more homes in the next 12 months than they have in the past year even as prices rise, according to a survey released today.  

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Today I’d like to hear from real estate investors (or their agents):  What sectors provide the best opportunities?  What advice do you have for a prospective first-time investor?  What your personal market outlook for investment real estate?  (Both residential real estate and commercial real estate) 

  

 
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Posted by on September 20, 2012 in Real Estate news

 

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Real Estate Today 9-19-2012


Take a look at the loan officers article at the bottom.  It seems to me lots of folks are still frustrated with their world, and I know that is not limited to loan officers.  The economy is hard for everyone, and will continue to be, until we see full a recovery.  I also found the article on REO discounts interesting in that it offers some great perspective.  Thanks for reading! ~Anthony

HOA Meeting Turns Deadly
RealtorMag | September 18, 2012
Homeowner association meetings can get heated as neighbors fight with neighbors or dispute board rules. But a recent HOA meeting in Louisville, Ky., resulted in two people dead.

Existing-Home Sales Soar to 27-Month High in August
TheMReport.com | September 19, 2012
Existing-home sales rose 7.8 percent to 4.82 million in August – the highest level since May 2010 – the National Association of Realtors reported Wednesday.

Mile-High Skyscraper Possible by 2025 as Ego Fuels Race to Top
Bloomberg | September 18, 2012
A mile-high skyscraper, almost double the height of today’s tallest building, may become a reality by 2025 as developing countries splurge cash in an ego- fueled race to construct the world’s highest tower.

Shiller: ‘Not Ready Yet’ to Call Housing Bottom
CNBC | September 18, 2012
It would take at least a year of price increases to call a recovery in the housing market, Yale University economist and housing expert Robert Shiller said Tuesday on CNBC.

Housing Recovery: More Reasons to Be Bullish
The Wall Street Journal | September 18, 2012
The much-ballyhooed housing recovery just got some more good news.

Why REO Discounts Vary So Greatly: FHFA
DSNews.com | September 18, 2012
Calculations for REO discounts can differ on extreme levels. In a mortgage market note from FHFA, the agency explained the common reasons behind the variations.

Survey: 24% of Loan Officers Consider Firm Leaders ‘Illogical’
The MReport.com | September 18, 2012
Twenty-four percent of loan officers think their firm leaders lead with “unclear” and “illogical” visions, according to a recent survey.

I got some great feedback from a loan officer on yesterday’s edition of the news, and I thought it worth sharing.  One of the comments was on the “Mortgage Cops” article and the other was on the article about folks that still carry a rate on their loan of over 5%.  Good stuff, keep it coming! 

“Mortgage Cops and comments were very interesting. Many of them had good points. I wonder where the law lies in all this? I don’t think strategically defaulting is fraud, so I’m not sure that argument works. It also seems the deed of trust doesn’t address any sort of criminal prosecution if default occurs. What do you think? (ME: I’m not sure that a strategic default is fraud, I’m not saying it isn’t, I simply don’t know.  The article seemed to say that they’re going after some of the strategic default borrowers for reimbursement, and then the fraud can come into play if they turn around and fib and a loan application. ~Anthony)

Mortgage rates over 5%- If Fannie and Freddie would simplify the process, it might actually work. Making people credit qualify when they have been paying on-time for years doesn’t make sense. If they can make the higher payment, they obviously can make the lower. I’ve had a few get rejected on high DTI (debt to Income) ratio even though they have been making their payment for years. Seems to me if they come out with a program that has payment history at it’s core qualifier, many more would be served.  

They also need to bring back high net worth/ asset depletion as a means for qualifying. I recently had a retired borrower with 800 credit score and $1,000,000 in assets (half of it cash so there is no risk of loss on $500,000) and was turned down on a $250,000 purchase due to Fannie Freddie guides. Seriously? This is the lowest risk borrower on the planet. No job to lose, plenty of money, perfect credit history. Then walks in the 640 credit with previous BK (bankruptcy) and short term job history. No problem for that person.  

Oh well, common sense and the financial industry don’t seem to hang out with each other to often.”

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Posted by on September 19, 2012 in Real Estate news

 

Real Estate Today 9-18-2012


We received enough wonderful feedback on yesterday’s news that I had to put it into a separate blog post called Overcharging First Time Homebuyers and IDX Listings on Agents’ Websites

‘Mortgage Cops’ Target Strategic Defaulters
RealtorMag | September 17, 2012
The Office of the Inspector General at the Federal Housing Finance Agency is trying to find strategic defaulters and collect on what they still owe. Strategic defaulters are often underwater home owners who walk away from their mortgages even though they still have the means to pay. (Many of us know someone who was involved in a strategic default.  It amazes me that they allowed it to go on for so long that it became an acceptable practice in our culture, and now they’re trying to criminalize it. When you read the article, take a look at the reader comments in there as well.~Anthony)

For-Sale Listings Drop Again, Led by California Cities
The Wall Street Journal | September 18, 2012
Inventories fell in August by 1.2% from July, bucking a seasonal pattern of a slight uptick before the summer season ends.

Two-thirds of Americans with Mortgages Pay 5% Interest or Higher
The Los Angeles Times | September 17, 2012
U.S. interest rates are at rock-bottom levels, but that’s not helping most Americans with mortgages. And those high-cost loans remain a big drag on the economy, experts say. (Interesting that 5% is called a “high-cost loan”.  I guess when you compare that to current rates it’s higher, but not when compared with historic rates. ~Anthony)

Women Consider Family, Career and Owning a Home to be Vital Components of the American Dream
RISMedia | September 17, 2012
A Home Buyer Poll released by TD Bank has revealed that 64 percent of women believe homeownership is essential in defining the American Dream. 

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Fed Study Says Unemployment would be 7 Percent if Not for Consumer Doubt
The Washington Post | September 17, 2012
Uncertainty has pushed up the rate by between one and two percentage points, study reports.

Idaho Supreme Court Decision Gives MERS Court Win
HousingWire | September 17, 2012
The Trotter v. Bank of New York Mellon case out of Idaho’s Supreme Court set a precedent in January that helped the Mortgage Electronic Registration Systems obtain the dismissal of a foreclosure case this past week.

 

 
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Posted by on September 18, 2012 in Real Estate news

 

Real Estate Today 9-17-2012


Agents Only: I came across an article that really caught my interest and I’m just dying for lots of agent feedback on this one.  Take a look at the lead article today and after hearing the author make her case, tell me: Is it critical that you have IDX listings on your website?  If you do a whole lot of other great marketing outside of your website, I think she makes a pretty compelling case.  Or not?  I’m not an agent and would love your feedback.

Listing search of diminishing value for agent websites
Inman News | September 13, 2012
There was a time when having a place on my website where homebuyers could search for homes for sale in my market was important, maybe even essential, for lead generation.  But is that as true today? Doesn’t everyone have listings on their websites?

The Seven Deadly Sins of Real Estate Investing
Business Insider | September 10, 2012
Ok, maybe they aren’t physically deadly – but they are possibly catastrophic to your business. If you are concerned about the health of your investments, make sure to steer clear from these seven sins.  (Great points made here for any real estate investor – veteran or novice. ~Anthony)

Loan to Help Firm Buy Foreclosed Homes
The Wall Street Journal | September 16, 2012
Waypoint Real Estate, a major investor in foreclosed homes, has secured a $65 million loan from Citigroup to help add to its portfolio of properties.

GSEs Ease Mortgage Buyback Rules on HARP
HousingWire | September 14, 2012
Fannie Mae and Freddie Mac eased some guidelines for lenders refinancing mortgages, including new relief from buying back the loan, according to an alert sent to lenders.

A Condo Was Sold, Until It Wasn’t
The New York Times | September 15, 2012
Horror stories abound across Foreclosure Nation. But once in a while, a new one comes along to remind us just how dysfunctional our mortgage market is. (While this story is amazing, what is more amazing is it’s not that unusual!  Short sales can be a minefield. ~Anthony)

Consumer Bureau Chief: We Don’t Want To ‘Freeze’ Mortgage Lending
The Wall Street Journal | September 14, 2012
Under pressure to craft new mortgage-lending standards by January, a new consumer regulator says he is taking time to make sure those regulations don’t make it more difficult for consumers to buy homes.

4 Errors Home Shoppers Should Avoid
RealtorMag | September 14, 2012
Real estate professionals say they keep seeing buyers make the same mistakes over and over again in a home purchase.  (Great advice here for any buyer. ~Anthony)

Fannie Mae moving REO management in-house
HousingWire | September 17, 2012
The use of third parties to help Fannie Mae sell its REO properties is coming to an end. Fannie Mae notified remaining vendors that the government-sponsored enterprise will transition all REO sales work completely to Fannie Mae’s in-house teams over the course of the next several months. 

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Posted by on September 17, 2012 in Real Estate news

 

Real Estate Today 9-14-2012


We’ve heard that the Fed announced it is initiating QE3 (Quantitative Easing, 3rd time around).  Below are two great explanations of what QE means to us as consumers. (The article from NPR was well-written around the time of QE2).  In effect, the Fed is printing money to push into the economy, and it’s highly debatable as to whether it helps or hurts. ~Anthony

Quantitative Easing, Explained
NPR | October 7, 2010
It’s one of the more impressive financial phrases out there — impressive for the distance between how boring it sounds and how dramatic it actually is.

Your questions: Quantitative Easing explained
ABC News | September 14, 2012
The US Federal Reserve has announced it will pump more money into the economy by using so-called “quantitative easing”.  The move, designed to accelerate economic recovery, is perhaps the central bank’s biggest action since its unprecedented intervention during the 2008 financial crisis.

Trulia: Buying a home is 45% cheaper than renting
HousingWire | September 13, 2012
It’s more affordable to buy a home than to rent in the 100 largest metros in the nation. That’s the case if you plan to stay in the home for seven years, which is the average time Americans traditionally live in a home before moving. (Is this close to true in our market? I’ve no idea, but would love to hear from anyone that knows. ~Anthony)

MBA Economist: First-time Homebuyer Pipeline in Growth Mode
HousingWire | September 11, 2012
The August jobs report showed a definite lull in the American economy, but recent home price and sales improvements are setting the stage for an even stronger housing market in 2013, according to Mike Fratantoni, vice president of research for the Mortgage Bankers Association.

7 Neighborhood Need-to-Knows for 21st Century Home Buyers
Trulia | September 11, 2012
The 21st century is in full effect. And that means a couple of things for savvy home buyers who are in the process of vetting prospective neighborhoods. Investigating neighborhood basics like school districts and such is no longer tricky or difficult: there are ample resources online giving detailed information about schools, scores and even parent reviews.

The Economics of Middle Age
Real Estate Today Blog | September 13, 2012
Economics can be a confusing subject, and as we age, the definitions seem to change! (No news here, this one was a just for fun bonus! ~Anthony)

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Spike in Washington foreclosures among highest in nation
Q13 Fox News Online | Septembner 13, 2012
A spike in foreclosed Washington homes outpaced much of the rest of the United States in August, according to a new report by foreclosure data company RealtyTrac.

Backyard houses catch the eye of City Council
The Seattle Times | September 10, 2012
The Seattle City Council is considering a moratorium on small-lot houses — houses built in the backyards of other houses.

 

 
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Posted by on September 14, 2012 in Real Estate news

 

Real Estate Today 9-13-2012


The “Back to School” mentality is one we see almost every year, at least in Spokane.  We seem to see a little annual bump in the fall as folks wrap up summer and want to get moved before the holidays.  This year it seems even more dramatic.  What about your market?

Is Real Estate Better Off Than 4 Years Ago?
The KCM Blog | September 13, 2012
(A good, simple graphic. ~Anthony)

Hey, Ben Bernanke, How About A Return To Normalcy?
Forbes | September 12, 2012
The Federal Open Market Committee (FOMC) is holding its regular meeting September 12 – 13.  Because there have been two terrible jobs reports from the Bureau of Labor Statistics (BLS) since the last FOMC meeting, expectations are high that the Fed will announce that it is going to “do more”. (While Forbes says “No!”, Bloomberg says “Go!” with Bernanke Should Do the Right Thing and Not Say He’s Sorry  If you want my opinion?  The less manipulation, the better. Let the market recover on it’s own. ~Anthony)

Back-to-School Mentality Drives Housing for Fall
REALTOR Mag | September 12, 2012
Forty percent of real estate agents and brokers say the end of vacation season will likely bring a refocus on real estate and a primary driver behind fall home sales, according to a recent survey. ERA Real Estate has dubbed it the “back-to-school mentality” for the real estate market.

Aggressive Start for Consumer Financial Protection Bureau
Boston Globe | September 12, 2012
The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

More Opting Out of Banking System
The Washington Post | September 12, 2012
In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. (This is interesting to me in that it’s a much higher percentage than I would have expected.  Why do you think folks go to a check casher or payday lender instead of a bank or CU? ~Anthony)

Why Waiting to Sell Your Business Might Backfire
The Wall Street Journal | September 12, 2012
Millions of small-business owners may be delaying retirement to their late 60s or 70s and beyond, in hopes of riding out the sluggish economy and a slump in the sales value of small businesses.

Well-to-do Get Mortgage Help from Uncle Sam
Reuters UK | September 13, 2012
Silicon Valley, the birthplace of the microprocessor, the personal computer and the iPhone, is a model of private enterprise at work. But not when it comes to getting a mortgage.

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In case you missed them, check out these two blogs that are all reader-generated feedback:

Real Estate Advice to Sellers From the Pros
and
Real Estate Advice to Buyers From Industry Pros

Thanks for reading our real estate news and please send us any feedback, comments or articles of interest!

 
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Posted by on September 13, 2012 in Real Estate news

 

Real Estate Today 9-12-2012


We have some great articles to share this morning,  Who knew there was a federal program to provide terrorism insurance for businesses much like flood insurance does for homes?  And will we see QE3?

Sixteen Ways to Keep Your Seller Happy
Realty Times | September 10, 2012
The good news is that keeping a seller happy isn’t that hard. They just wanna know what’s going on and that their agent cares. Is that too much to ask? Here are sixteen things you can do to keep your seller happy with you. And a happy-with-you seller just might be a great source of future business! (There are some really simple ideas in here that would take no more time or energy than an agent already spends. ~Anthony)

Terrorism Risk Insurance Vital to Commercial Real Estate Market
RealtorMag | September 11, 2012
“Terrorism continues to be an unpredictable threat to our nation, and as the leading advocate for property owners, REALTORS® know that American businesses must have adequate terrorism risk coverage,”

Firms Flock to Foreclosure Auctions
The Wall Street Journal | September 11, 2012
Buying foreclosed homes, renovating and renting them out is morphing from a largely mom-and-pop business into the next big thing on Wall Street.

Mortgage Putback Threat Reduced for Lenders Under New Rules
Bloomberg | September 11, 2012
The U.S. overseer of Fannie Mae and Freddie Mac, seeking to reduce the threat that banks will have to buy back flawed mortgages from the two firms, laid out new rules designed to spur lending and ease the housing crunch.

Sellers’ Remorse Hinders Housing Market
The Wall Street Journal | September 11, 2012
The combination of the sharp decline in home prices since the housing bust and record-low mortgage rates have brought housing-affordability indexes to record highs. And with rents rising, home price-to-rent ratios—the housing equivalent of a price-to-earnings ratio for stocks—are at their lowest levels in more than a decade.

New York Homebuyers Face Risk of Fannie Rate Penalty: Mortgages
BusinessWeek | September 12, 2012
Edward J. DeMarco, the overseer of taxpayer-supported Fannie Mae and Freddie Mac, said the firms need to increase the fees they charge to guarantee mortgages in states where it’s costlier for them to deal with bad debt.

Fed Seen Starting QE3 While Extending Rate Pledge to 2015
Bloomberg | September 12, 2012
The Federal Reserve is likely to announce a third round of bond purchases tomorrow, according to almost two-thirds of economists in a Bloomberg survey, while also extending the duration of its zero-interest-rate policy into 2015.

 

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And one article a little more local…

Seattle Listing Offers Homes Fit for an Officer
The Wall Street Journal | September 11, 2012
The U.S. Navy and a subsidiary of developer Forest City Enterprises are selling a collection of homes at the former Fort Lawton in Seattle that were used by the military for more than a century.

 
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Posted by on September 12, 2012 in Real Estate news

 

Real Estate Today 9-11-2012


September 11 Retrospective
Seattle Post Intelligencer | September 11, 2012
(A photo series remembering September 11, 2001.  Where were you that awful day?  I had just bought my coffee in a local bagel shop in Corvallis, OR to meet with two friends who told me the news as soon as I sat down.  I’ll never forget it. ~Anthony)

Fraudulent appraisals fuel many mortgage repurchase demands
HousingWire | September 10, 2012
Audits by Quality Mortgage Service indicate that many demands by financial institutions that lenders buy back mortgages are based on fraudulent appraisal schemes in an attempt to increase the success of repurchase claims. (If found to be true, this is an incredible story. Every lender today sees the effect of mortgage buybacks on processing, underwriting, and loan approval. I am frankly surprised but I wonder: Are my lender readers surprised? ~Anthony)

10 tax tips for home sellers
Inman News | September 7, 2012
The IRS has recently issued a helpful list of 10 tax tips all homeowners should keep in mind when selling a home. (An easy to understand primer on issues for sellers to consider when selling a house. ~Anthony) 

Middle-income Workers on Brink of Another Decade of Wage Stagnation
The Washington Post | September 10, 2012
With high unemployment rate, there is little pressure on employers to raise wages, report says.

Smaller Banks Now Under Fire for Foreclosure Abuses
RealtorMag | September 10, 2012
After a landmark mortgage settlement against the nation’s largest banks earlier this year, the U.S. state attorneys general are now investigating smaller banks for alleged foreclosure mishandlings. 

Consumers Cautious on Housing Recovery: Fannie Mae
HousingWire | September 10, 2012
Respondents to the Fannie Mae National Housing Survey expect home prices to edge up in the next year a percent or more, as they increase their cautious view of the housing recovery while remaining skeptical of the overall national economy.

Low-Wage Earners Struggle to Attain Home Ownership
RealtorMag | September 10, 2012
A study shows that most of the new jobs created post-recession have been low-wage jobs, which doesn’t bode well for helping to lift the housing market. 

4 Real Estate Social Media Communities
EverythingPR | September 11, 2012
When it comes to real estate, interest is skyrocketing; between home owners, home buyers, home sellers and real estate professionals, the real estate market’s online presence is growing like no other. Whether you’re looking to connect with a real estate pro, meet other housing market

 
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Posted by on September 11, 2012 in Real Estate news

 
 
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