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This blog contains selected content from REWealthCoach.com, a blog for realtors and investors containing news, tips, opinion and strategies for making it in today's real estate world.
RECENT BLOG POSTS
The National Association of Realtors pending sales report for June shows an expected decline. The lowest level in 2010 was reached in June with pending sales declining another 2.6% after a 30% fall in May. The best markets for pending sales are in Texas and the Washington, DC areas. These are bot...
08/17/2010
The US Census Bureau second quarter housing report documents that home ownership is at the lowest level it has been since 1999. The rate of home ownership dropped to 66.9% in the second quarter from 67.1% in the first quarter and 67.4% in the second quarter of 2009. A total of 57.3% of the housin...
08/17/2010
While fewer homeowners were experiencing new delinquencies in May and June, and overall inventories of foreclosures remain stable, there are certain types of homeowners who are more likely to receive a foreclosure notice than others. Lender Processing Services (LPS) noted that foreclosure starts ...
08/17/2010
One of the provisions adopted in the Dodd-Frank Wall Street Reform and Consumer Protections Act is an extension of the Protecting Tenants at Foreclosure Act through 2014. The tenant act was originally enacted in May 2009 and was slated to expire at the end of 2012. This bill allows tenants in ren...
08/17/2010
The S&P/Experian Index shows that consumer mortgage default rates are down through June 2010. The default rate for first mortgages was 3.3% and 2.4% for second mortgages. The first mortgage drop is 5% below the May figures and 45.2% below the figures for a year ago. The second mortgage default fi...
08/17/2010
The latest report from Campbell for the series “Inside Mortgage Finance Surveys” reveals a drop in home prices between May and June as sellers try to compensate for the end of the homebuyer tax credits. Campbell measures prices in various distressed property categories, as well as non-distressed....
08/17/2010
With Wall Street reform finally signed into law and the extension of long term unemployment benefits approved, the Obama Administration is now turning its attention to the GSEs, Fannie Mae and Freddie Mac. Preliminary talk about the reform measures to be introduced early next year include privati...
08/17/2010
Bucking the gloom and doom predictions that are prevalent among financial pundits right now, analysts at Wells Fargo are betting against a double-dip recession. Their reason? Wells Fargo believes there is too much liquidity in the marketplace right now to sustain a downward spiral and a little to...
08/17/2010
According to a U.S. Census Bureau Report June 2010 was the worst June since the Census Bureau started keeping records in 1963 on new home sales. The seasonally adjusted annual rate of 310,000 new home sales is 16% below the 2009 total. In an attempt to put a better spin on the numbers the Nationa...
08/03/2010
Realtytrac has reported that 75% of the major markets in the first half of 2010 showed a marked increase in foreclosure activity. A total of 154 of the 206 markets with populations of 200,000 posted year over year increases in foreclosure activity. Interestingly, at the same time foreclosure acti...
08/03/2010
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This blog contains selected content from REWealthCoach.com, a blog for realtors and investors containing news, tips, opinion and strategies for making it in today's real estate world.