Today’s News Synopsis: Another bank closed today in Illinois, bringing the new total now to 43. The inventory of homes for sale was lower in August than it was at the same time last year, which is preventing many wanting to purchase homes. Taxes could increase by an average of $3,500
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Posts Tagged ‘MGIC’
October 1st, 2012
November 30th, 2010
According to Case-Schiller index, property values increased 0.6% year over year. On the other hand, Freddie Mac reports that home prices decreased 3.1% from the 3rd quarter of 2009. Zillow claims interest rates increased to 4.3% last week.
November 16th, 2010
16,744 new and resale homes sold in Southern California during October. Builder confidence increased slightly this month, according to the NAHB. Sean O’Toole of ForeclosureRadar believes the foreclosure investigation will only have a brief effect on the market. FHA wrote $319 billion in new insurance in 2010.
June 15th, 2010
MDA DataQuick reports A total of 22,270 new and resale houses and condos closed escrow in Southern California last month. According to the NAHB, builder confidence in the market for newly built, single-family decreased this month. Having a home with a view is on the top 10 list of preferences for 44.5 percent of men. Morgan Stanley’s research has lead the company to conclude that low mortgage rates will prevent a double dip in prices.
February 23rd, 2010
The NAR predicts that the commercial real estate market will not recover until after 2011. In California, single family home sales decreased by 3 percent during January. The Standard & Poor’s index shows that national home prices increased slightly during December.702 banks made the ‘Problem List’ for the FDIC in 2009.
October 16th, 2009
President of John Burns Real Estate Consulting expects the commercial real estate market to do further damage to residential real estate. New legislation requires swap dealers and major swap participants to register with regulators and requires clearing organizations to provide transaction information to appropriate regulators. GE, MGIC, and Bank of America lost over 500 million in Q3 of 2009.