Real Estate News Updates Week Ending 1/29/2011:
$1 Billion In Mortgage Help Won’t Come Until Spring | HousingWire
Fed Says Economy Too Sluggish To Boost Jobs | NPR
SIGTARP: HAMP’s Failure Devastating | HousingWire
Housing Recovery May Take 5 Years Plus | CNBC
New FHA Condo Financing Rules Squeeze Sellers | Inman
Economy’s Rebound Isn’t Waiting For Housing Recovery | Los Angeles Times
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Real Estate News Updates Week Ending 1/22/2011:
4 Reasons To Buy A Home | Smart Money
Home Sales Rally Amid Mortgage Questions | CNBC
FHA Suspends Anti-Flipping Rule For Another Year | HousingWire
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Real Estate News Updates Week Ending 1/15/2011:
The Truth About The U.S. Housing Market | Seeking Alpha
Weak Hiring Casts A Cloud | Wall Street Journal
Getting More Help With Your Down Payment | SmartMoney
Short Sale Incentives Revamped Again | Inman
Fed: Reform Fannie To Create Sound Mortgage Market | Fox Business News
Real Estate Red Flags | CNBC
Home Foreclosures Top 1 Million For First Time In 2010 | CNBC
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The housing market is recovering. As more home buyers are taking advantage of the improved affordability conditions. With mortgage rates hovering around recent record lows and home prices having generally stabilized, economists are expecting an upward trend to a healthy and sustainable level in 2011.
Encouraging signs are showing up across the economy. Retail sales recently hit their highest level since before the recession. Key measures of small and big businesses’ optimism marched back up to prerecession levels and new claims for jobless benefits are trending lower. Together they bode well for steady job creation and improved consumer confidence which is generally manifested in more spending.
As the economy improves, current stimulus efforts by the government and the Federal Reserve Board are expected to gradually wind down. Meanwhile, serious buyers stand to benefit from historically favorable buying conditions.
Mortgage rates are inching up but remain historically low. This trend continues to support home buying as it translates to significant savings for buyers. As overall economic recovery remains on track, rates are expected to rise to keep inflation in check.
Source: Freddie Mac
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Real Estate News Updates Week Ending 1/8/2011:
Top Buying And Selling Predictions For 2011 | Inman
Home Prices Go Haywire Coast To Coast | HousingWire
Mortgage Market Underestimating Defaults | CNBC
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