RISMEDIA, April 7, 2011—(MCT)—Federal regulators recently asked for public comment by June 10, 2011 on their proposal to require lenders that package mortgages for the secondary market to assume some of the risk of those loans. The regulators didn’t need…
RISMEDIA, April 7, 2011—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the March edition of the Obama Administration’s Housing Scorecard. Officials caution that the latest housing figures underscore fragility…
RISMEDIA, April 1, 2011—Located on Venice Island in Venice, Fla., this beautiful three bedroom home being listed by RISMedia’s Real Estate Information Network® (RREIN) Member Prudential Palms Realty. This three story home offers hardwood floors, formal dining, three full…
RISMEDIA, March 21, 2011—Despite the uptick in sales of homes worth one million dollars or more last year (up 18.6% in 2010 according to DataQuick) the average American homebuyer is still proceeding with a large degree of caution. Below are…
RISMEDIA, December 28, 2010—Improvements in consumer spending and consumer confidence, increased demand for goods and services, and falling unemployment claims are all positive factors for a brighter outlook as we move into 2011, according to the December 2010 Economic Outlook released today by Fannie Mae’s (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group. [...]
RISMEDIA, December 28, 2010—(MCT)—A Bank of America freeze on foreclosure sales spread Friday to the Inland Empire in California after the biggest bank in the U.S. announced it was broadening an investigation into its foreclosure practices to all 50 states. The halt, which took effect yesterday, adds to growing concerns that lenders have been repossessing [...]
RISMEDIA, December 28, 2010—Default risk on home loans in Ann Arbor, Mich., fell once again this quarter to its lowest level in more than five years, says a professor at the University of Michigan’s Ross School of Business. Dennis Capozza, professor of finance and real estate and the Dykema Professor of Business Administration, says that [...]
RISMEDIA, December 28, 2010—(MCT)—In response to the recent crimes against real-estate agents in the Youngstown and Kent, Ohio, areas, local real-estate brokers are reviewing safety precautions for their agents. These incidents remind all agents nationwide to review safety procedures when showing vacant homes. Asa Cox, owner of Asa Cox Homes, in Madison, has sent out [...]
Click Here for the most recent statistics breaking down the part that distress sales (REO’s/REPO’s and Short Sales) are playing in our local real estate market. Based on the numbers from the Shasta MLS Database and its historical sales, distress sales make up 50.8% of the sold market so far this year which is up [...]
