Entries Tagged as 'News'

FDIC plan could help 1.5 million keep homes

CSRwire.com made an interesting post today on www.msnbc.msn.com.

Publicly breaking with the Bush administration, the FDIC proposed to use $24 billion in government funding to help 1.5 million American households avoid foreclosure.

For the complete post go here.

2009 commercial real estate outlook darkens

This morning I saw a pretty good post.
Here’s a summary….

The 2009 outlook for the commercial real estate sector has turned suddenly bleak. Rents and vacancies at shopping centers and office buildings will suffer the most.

Lots more here.

New breed of investor looks to housing market

Falling prices and rampant foreclosures are not the stuff of healthy housing markets. But to some real estate investors, the dismal market can signal that it is time to invest.

Read the rest of it here…

After big jump, pending home sales fall, again

Pending U.S. home sales fell more than expected in September, after posting a big jump in the previous month.

More…

Obama housing plan likely won’t be enough

Google Inc. blogged about a good topic today on www.msnbc.msn.com.

Barack Obama is inheriting the worst housing recession in a generation, and the proposals he outlined on the campaign trail won’t fix it, so there will be many tough decisions ahead.

To read more, visit the blog…

Nev., Mich., Fla. lead ‘underwater’ homes list

MSNBC.com: Real estate made a great post today on www.msnbc.msn.com.

Here’s a shocker: almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth.

For the full story click here.

Mortgage rates spike sharply

www.msnbc.msn.com did an interesting post today.
The first bit is quoted here:

Rates on 30-year mortgages spiked this week as the tumult in financial markets continued to be felt in housing finance.

Check out the rest of this story here.

Existing-home sales jump 5.5 percent

Sales of existing homes rose by the largest amount in more than five years in September. But analysts cautioned against reading too much into the gain.

More details here.

Complex question: Who owns my mortgage?

Yahoo! News Search Results for massachusetts blogged something interesting today on www.msnbc.msn.com.

When you sit at your kitchen table and write your monthly mortgage check, your signature may be the first stop on a journey that takes your money to the other side of the world.

Read the full store here.

Home starts crawl to slowest pace since 1991

Google Inc. did an interesting post today on www.msnbc.msn.com.
Here’s a quick excerpt:

Construction of new homes plunged by a bigger-than-expected amount in September, putting the country on track to build the fewest homes this year in more than six decades.

To read it in its entirety, click here.