Condo construction rules could shut out buyers, hit builders
The Federal Housing Administration has started limiting the number of buyers in condo buildings that can get loans insured by the agency. The rules also put restrictions on buildings with poor finances, too many delinquent owners and a high number of rentals.
By ALAN ZIBEL and ADRIAN SAINZ
The… Read More
Condo construction rules could challenge buyers (Seattle Times)
December 20, 2009 By Leave a Comment
Short Sales Standarized Plan (Seattle Times)
December 13, 2009 By Leave a Comment
Standardized short-sale plan may relieve big headache
By Kenneth R. Harney
Syndicated columnist
WASHINGTON — If you’re in trouble on your mortgage and can’t get a loan modification, check out the Obama administration’s new standardized short-sale plan scheduled to roll out during the coming months.
The program, outlined Dec. 1 by the Treasury Department, is an attempt to streamline… Read More
US Treasury Stepping in on slow moving banks (Reuters)
December 2, 2009 By Leave a Comment
US Treasury sets guidance on housing short sales
Mon Nov 30, 2009 4:15pm EST
More Business & Investing News… NEW YORK, Nov 30 (Reuters) – The U.S. Treasury on Monday set guidance on a plan for mortgage companies to use “short sales” and other loan modification alternatives to stem a rising tide of foreclosures.
The Home… Read More
Redfin October Newsletter: 61% of September Offers Competitive
October 27, 2009 By Leave a Comment
We sent our monthly market update out to 126,104 folks this afternoon, a 6% increase from last month. If you’d like to get the newsletter by email, just sign up . Regards, Glenn Howdy Redfinnians! The data’s in for October, so it’s time for our high-speed, comprehensive summary of real estate trends. And the news is very similar to last month: prices are up for the third straight month, competition is increasing and sales volume resumed its march upwards. On the other hand, foreclosure
WSJ Quarterly Housing Survey: More Pain to Come
October 27, 2009 By Leave a Comment
I meant to get to this last week, but the day it came out, I was mostly drunk (my bday), and I somehow missed it: “Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years. The Wall Street Journal’s quarterly survey of housing-market data in 28 major metro areas shows sharp drops in the number of homes listed for sale across the countr
