National News

Private Mortgage Modifications Up 11 Percent in July

Mortgage modifications by private companies rose 11 percent in July, according to data from the Hope Now alliance, a rate that far exceeds that of the government’s Home Affordable Modification Program

CoreLogic Price Index Up 0.8 Percent

The CoreLogic Home Price Index rose for the fourth consecutive month in July, increasing by 0.8 percent for the month and 5.5 percent over March’s

Obama Could Announce Housing Stimulus Next Week

President Obama is expected to answer calls of action and announce a housing stimulus plan next week during a planned speech on job

REO Properties Decline from 550,000 to 493,000 in Q2

REO properties declined in the second quarter from 550,000 to 493,000, according to research by Calculated

Mortgage Delinquency Rates at Lowest Level Since 2009

Data for mortgage delinquencies posted numerous gains in the second quarter, most notably that delinquency rates are now at their lowest level since 2009, according to the Federal Deposit Insurance

Case-Shiller Reports 3.6 Percent Increase in Home Prices for US

Standard & Poor’s (S&P) released its Case-Shiller Home Price Indices for June 2011 earlier today, reporting that home prices rose for the nation in the second

Foreign Home Buyers Help Housing Market – But Be Wary of Cultural Differences

Foreign investment is surging in a myriad of markets across the country, and it’s presenting Realtors with a new batch of situations and challenges they may not be used to

Mixed Data Anticipated for Tomorrow’s Case-Shiller

Standard & Poor’s is anticipated to report both gains and declines in tomorrow’s Case-Shiller Home Price Indices report, according to projections by

Pending Home Sales Up Strongly from 2010

Pending home sales declined 1.3 percent in July but remain well above 2010 levels, according to new research by the National Association of Realtors

Appraisals an Important Component for Housing Recovery

With sales and construction showing signs of growth, home appraisals have now emerged as a major component to a successful reboot for the housing

Buffett’s Magic at Work for Bank of America

Bank of America posted big gains on Thursday after news broke of a $5 billion investment from financial wizard Warren

Bernanke Speech Highlights Housing, Omits Stimulus

Federal Reserve Chairman Ben Bernanke gave a speech earlier today at an economic symposium in Jackson Hole, Wyo., that highlighted both housing and the Fed’s current role in economic

CBO Optimistic in New Report

The Congressional Budget office (CBO) has updated its Aug 2011 “Budget and Economic Outlook” report, and it’s filled to the brim with positive predictions on the future of

New Short Sales Data Varied in Findings

Pre-foreclosure sales rose 19 percent in the second quarter, but were 12 percent lower than 2010 totals, according to the Q2 2011 U.S. Foreclosure Sales Report from

White House Considering Housing Aid Program

The White House has confirmed that it is actively pursuing potential remedies for housing, with plans involving refinancing and/or property conversion getting particular

The Debate Over Home Appraisals

Contention surrounds the numerous factors behind a home appraisal, but two issues in particular generate controversy: one, how foreclosed property values are factored in to an appraisal; and two, how green features are counted in the valuing of a

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