Today’s News Synopsis: Prices of homes have declined across the nation 28.3% since June 2006, according to the latest LPS home price index. According to Housing Wire, more people were hired in the mortgage industry than were laid off in the third quarter. According to Inman, NAR recently admitted overestimating the
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Posts Tagged ‘Pew Research Center’
November 14th, 2011
April 12th, 2011
81 percent of respondents to a Pew Research Center’s survey believe housing is the best investment a person can make. California foreclosure sales increased 35.1% in March, according to ForeclosureRadar. Altos Research claims home sale inventory rose 2.97% last month. HUD is being sued over a rule requiring a property heir to pay the full mortgage balance to keep the home, even if it exceeds the value of the property.
September 16th, 2010
According to MDA DataQuick, 6,698 houses and condos closed escrow in the Bay Area last month. Also, 34,239 houses and condos were sold statewide. BarCap expects that of all the subprime mortgages still current and originated in 2005, 70% will default.