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Nuestra Casa Blog

Real Estate News


Date Added Article
8/25/08 @ 12:35 PM Finding a pulse in local real estate markets
National stats can overlook micro trends
8/25/08 @ 12:30 PM Should you buy a home now?
The drop in prices may mean it's time to jump in. Or is it too soon? Experts offer pros and cons.
8/25/08 @ 12:29 PM Southern California home sales jump 13.8% in July
The year-over-year increase, spurred by falling prices and foreclosures, is the first since September 2005. Los Angeles County sees a slight drop in sales.
8/25/08 @ 12:12 PM Existing home sales rise, but prices still sinking
Sales by homeowners increased more than expected in July, as median prices fell 7% from July 2007. But supplies still rise to a record high, pushing prices even lower.
7/9/08 @ 10:31 AM IndyMac Begins Dismantling Business As It Struggles to Keep Investors' Faith
(The Wall Street Journal) -- First, Countrywide Financial Corp. went down, as the nation's biggest mortgage lender was acquired in a rescue operation July 1 by Bank of America Corp. Now Countrywide's offspring, IndyMac Bancorp Inc., is on the ropes.
7/9/08 @ 10:29 AM Property Taxes Irk Homeowners
(The Wall Street Journal) -- Homeowners around the country are up in arms over the amount of property taxes on houses that have plummeted in value.
7/9/08 @ 10:27 AM Even stars are affected when home values fall
(AP) -- Angela Bassett, Joely Fisher among those who must drop prices
7/9/08 @ 10:26 AM Housing market slump seen stretching further
(AP) -- Realtor group's top economist: 'We are not out of the woods by any means'
7/9/08 @ 10:25 AM Paulson: Many foreclosures can’t be prevented
(AP) -- Homeowners that bought too much house may lose them, he says
7/9/08 @ 10:24 AM Mortgage insurers face tough road
(CNNMoney.com) -- Companies like MGIC and PMI have been hit hard by the housing slowdown. Worries about Fannie Mae and Freddie Mac won't help either.
7/9/08 @ 10:23 AM Renewed pain for home sales
(CNNMoney.com) -- Sign of continued trouble for housing: Number of existing homes under sales contract drops 4.7% in May after an unexpected rise the month before.
7/8/08 @ 10:33 AM Mortgage Giants Take Beating On Fears Over Loan Defaults
(The Wall Street Journal) -- Fannie, Freddie Fall by More Than 15%; IndyMac in Trouble
7/8/08 @ 10:32 AM Housing Bill's Tax Credit Draws Criticism
(The Wall Street Journal) -- U.S. lawmakers are touting a home-buyer tax credit in a high-profile housing bill before Congress, but critics say it may do little to help consumers amid the mortgage crisis.
7/8/08 @ 10:29 AM 30-Year Rates Dip to 6.35 Percent
(washingtonpost.com) -- Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week as signals from the Federal Reserve eased worries about imminent rate increases.
7/8/08 @ 10:28 AM Help for Homeowners Hangs in the Balance
(washingtonpost.com) -- Congress left town for the July 4 recess with a half-baked cake in its legislative oven -- one that has huge potential significance for the housing and mortgage markets. The relief package left unfinished is designed to help hundreds of thousands of homeowners heading for foreclosure, pull buyers back into the real estate market, and permanently raise conventional and FHA loan limits in high-cost markets.
7/8/08 @ 10:25 AM Mortgage Brokers as Naysayers
(nytimes.com) -- NEW YORK’S borrowers could notice a different tone in their discussions with mortgage brokers in coming months, as brokers adjust to a new state law that seeks to stem foreclosures.
7/8/08 @ 10:24 AM U.S. Pending Home Sales Fall 4.7% in May
(MortgageNewsDaily.com) -- U.S. pending home sales resumed their decline in May, falling 4.7% in the month after an upwardly revised 7.1% bounce in April, according to the National Association of Realtors. April's rebound was originally reported as a 6.3% gain.
7/8/08 @ 10:22 AM Buy or sell a home despite the shaky economy
(TODAYShow.com) -- TODAY’s Jean Chatzky offers advice for potential buyers and sellers
7/8/08 @ 10:20 AM IndyMac cuts work force by half
(AP) -- Battered lender to lay off 3,800, slash salaries and stop handling new loans in effort to maintain liquidity.
7/8/08 @ 10:17 AM Housing rescue advances in Senate
(AP) -- Key overhaul of Federal Housing Administration moves to a vote after gaining wide support in the Senate.
7/3/08 @ 6:12 PM Unwrapping the Puzzle of Home Insulation
(The Wall Street Journal) -- Our columnist considers paying more for a more energy efficient type of insulation.
7/3/08 @ 6:11 PM American Cities See Record Annual Foreclosure Rate Increases in Q2
(MortgageNewsDaily.com) -- Record high foreclosure rates in the second quarter were reported in Los Angeles, Seattle, Miami and New York, according to a report issued by PropertyShark.com.
7/3/08 @ 6:10 PM Increasingly Affordable U.S. Housing Markets
(Forbes.com) -- What a difference a year makes. At the beginning of 2007, San Diego real estate was already in the process of correcting. Even so, with median prices at $595,000, only 9.4% of the homes being sold were available to the median household.
7/3/08 @ 6:09 PM Mortgage rates drop, snapping a 3-week climb
(CNNMoney.com) -- Freddie Mac says 30-year fixed rate fell to 6.35% as the Federal Reserve indicates that inflation should moderate this year.
7/3/08 @ 10:21 AM Buying a Sense of Security for the Home
(The Wall Street Journal) -- Services Point Out Ways to Shore Up Vulnerable Spots
7/3/08 @ 10:19 AM Finding Foreclosures, Screening Deadbeats
(The Wall Street Journal) -- June Fletcher offers her take on two recently launched sites: RentBureau.com, which helps landlords screen tenants and ForeclosurePoint.com, a listing service.
7/3/08 @ 10:17 AM Hope Now helps fewer homeowners in May
(AP) -- Government’s mortgage relief effort lessens as foreclosures increase
7/3/08 @ 10:17 AM Pace of housing rescue slows, as foreclosures rise
(CNNMoney.com) -- Mortgage industry alliance helped 170,000 homeowners avoid foreclosures in May - a monthly pace that slowed even as foreclosures ramped up.
7/3/08 @ 10:16 AM Vulture real estate investors swoop in
(CNNMoney.com) -- Let the bargain hunting begin. Prices may still be falling, but they're low enough for some investors to buy, sell, and pocket a tidy profit.