Second lien mortgage debt extinguishment just announced. Bank of America if forgiving a set amount of second lien holders debt if they meet a certain criteria. Click here for further information.
Pending home sales rose in July to the highest level since April 2010 when the homebuyer tax credit was about to close, according to the National Association of Realtors.”read full article from Housingwire (here)”
Housing remains a bright spot in an economy where consumer spending dropped nearly a percentage point in the second quarter and a looming year-end fiscal cliff is haunting the financial markets, Fannie Mae’s Economic & Strategic Research Group said Tuesday. “read full article from Housingwire (here) “.
July home sales increased 10% from last year, according to real estate franchisor RE/MAX.
It marks the 13th straight month of annual increases in sales even after falling more than 9% from the previous month. “Read full article from Housing Wire” (here)
Home contract signings rose for the 13th straight month, according to the National Association of Realtors, which reported pending home sales rising 13.3% over May 2011 and up nearly 6% over April 2012. “Read Full article from Housingwire” (here)
Foreclosure filings dropped to their lowest level in more than four years for the quarter ended March 31, according to RealtyTrac ” to read full article from Housingwire ” (here)
A Wells Fargo survey of homebuilder sales managers across the nation not only points to an improvement in the housing industry, but also gave fire to homebuilder stock prices on Wednesday. ” to read full article from Housingwire ” (here)
Mortgage rates declined for the third consecutive week as the 30-year, fixed-rate mortgage averaged just above its record low while the 15-year FRM hit a new all-time record low. ” read full article from hosingwire ” (here)
Climbing rents for apartments are combining with a continued decline in home prices to push once-reluctant home buyers into finally taking the plunge. “read full article from The Wall Street Journal” (here)