As investors look back on the past 10 years, many will realize better returns could have been found almost anywhere else besides the stock market, making stocks the worst investment choice for the decade.
Read More »First-Time Homebuyers, Use of FHA Loans, and Distressed Sales on the Rise: NAR
The National Association of Realtors recently released the November Realtors Confidence Index (RCI), a key indicator of housing market strength based on a monthly survey of more than 50,000 Realtors.
Read More »Investors Ushering in a New Year of Hope and Positive Returns
As investors look back on the past 10 years, many will realize better returns could have been found almost anywhere else besides the stock market.
Read More »Treasury Provides Over $4 Billion in Recovery Act Funds
The U.S. Department of Treasury announced Tuesday that the American Recovery and Reinvestment Act (Recovery Act) has now provided more than $4 billion in funding, in an effort to spur the development of affordable housing around the country. The Recovery Act has created innovative partnerships between federal and state governments to provide a much needed boost to local economies, said Neal Wolin, Treasury deputy secretary.
Read More »Supreme Court Adopts Rule 93 for Foreclosure Diversion Program
On Monday, the Supreme Court added Rule 93 to the Maine Rules of Civil Procedure. Effective January 1, 2010 this new rule will govern the operation of the foreclosure diversion program.
Read More »Increase in Housing Prices from September to October
The Federal Housing Finance Agency (FHFA) released its monthly Housing Price Index (HPI) on Tuesday, showing housing prices in the United States rose 0.6 percent on a seasonally adjusted basis from September to October.
Read More »Default Mitigation Management Expands its Loss Mitigation Web Portal
In a recent announcement, Default Mitigation Management LLC (DMM), a loss mitigation company in Newport, Kentucky, recently announced new enhancements to its loss mitigation web portal.
Read More »California Association of Realtors Extends Mortgage Protection Program Through 2010
In an announcement Tuesday, the California Association of Realtors (C.A.R.) said it is extending its Mortgage Protection Program (MPP) for first-time homebuyers through December 31, 2010.
Read More »Rate of Year-Over-Year Home Price Declines Slowed in October: Report
First American CoreLogic recently released its latest LoanPerformance Home Price Index (HPI), showing year-over-year home prices continued to decline in October but at a slower rate than previous months.
Read More »Undervalued Foreclosures Create Opportunities for Buyers
As the government looks to further stimulate the housing market in the face of a steadily rising national inventory of HUD foreclosures, huge savings are being realized on these properties, according to Annapolis, Maryland-based Heavy Hammer, Inc. The online networking and consulting company cited a recent study showing government foreclosures are routinely underpriced by 8 to 10 percent and said incentivizing aggressive valuations on these properties by third parties is creating opportunities of a lifetime for savvy first-time homebuyers.
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