This morning, the S&P/Case-Shiller Index report for October was released showing US home prices decreased from the month before as well as the year before. The 10-city and 20-city composites fell by 1.1 percent and 1.2 percent respectively and the home price indexes were down 3.0 percent and 3.4 percent respectively from the

Continue reading... Home Prices Fall In October;   back to mid-2003 levels

1. Home prices rise slightly in July; 18 of 20 metros still down from a year ago Dennis Norman This morning, the S&P/Case-Shiller Index report for July...
2. Home prices increase in August; fifth consecutive month of increases Dennis Norman This morning, the S&P/Case-Shiller Index report for August...
3. Home prices continue to fall and continue to point to double dip in housing market Dennis Norman Today the S&P/Case-Shiller Index report for February was...

Continue reading... Housing market not out of the woods yet

1. Homeowners in negative equity position declines in 2nd quarter; majority have above market interest rates A report released today by CoreLogic shows that 22.5...
2. Report Shows Little Improvement in Underwater Homeowners Negative equity is the dominant factor driving the real...
3. Report says housing market is likely to get worse by end of year Radar Logic, a  real estate data and analytics company, released...

Continue reading... Real Estate Agent Sentenced to Federal Prison for Defrauding Bank in Short Sale Mortgage Fraud Scheme

1. Former Colonial Bank Senior Vice President Sentenced to 8 Years in Prison for Fraud Scheme WASHINGTON – A former senior vice president and head of...
2. Former TBW CEO Sentenced to 40 Months in Prison for Fraud Scheme Department of Justice Office of Public Affairs FOR IMMEDIATE...
3. Real Estate Agent, Loan Officer Among Five Defendants to Plead Guilty to $11 Million Mortgage Fraud KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western...

Radarlogic, real estate data and analytics company that frequently disagrees with the National Association of REALTORS® view of the housing market, released their RPX Monthly Housing Market Report for May 2011 yesterday and in it had a scorecard showing how their rather bleak predictions they made at the end of 2010 for the 2011 housing

Continue reading... 2011 Real Estate Market Performing about as Poorly as Predicted Thus Far

1. Motivated home sales make up over 30 percent of market at discounts of 40 percent Radar Logic published it’s “RPX Year in Review 2010″ for...
2. CALIFORNIA REAL ESTATE INVESTORS AGREE TO PLEAD GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONS Department of Justice Office of Public Affairs FOR IMMEDIATE...

International Highlights:

Continue reading... International survey shows 62 percent of Americans think now is a good time to buy a home; highest in survey

1. Survey shows Americans’ gaining confidence in stability of home prices The Fannie Mae Fourth Quarter National Housing Survey polled homeowners...
2. 45 Percent of Americans say government not doing enough to stop foreclosures; Other side of coin, over half of Americans want to buy a foreclosed home According to a survey conducted by Harris Interactive® on...

Real estate agents, are you tired of those paltry commissions?  Tired of spending more on gas than the commission on the sale?  Worry no more my friend, here is the answer!  Just land a listing on one of these baby’s and your worries are over.  Courtesy of “Unique Homes”, a luxury real estate magazine, below

Continue reading... The 10 Most Expensive U.S. Homes For Sale

1. Former Title and Escrow Agent Indicted for Mortgage Fraud Ronald Johannes Sneijder, 48, a former owner of a...
2. Pennsylvania Governor Repeals Fire Sprinkler Mandate for Single Family Homes The Pennsylvania Association of Realtors® (PAR) today announced that Gov....
3. Former Title and Escrow Agent Pleads Guilty to Mortgage Fraud Ronald Johannes Sneijder, 48, a former owner of a title...

A “first-look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data, is somewhat encouraging as it shows the U.S. mortgage delinquency rate (not including foreclosures) for March 2011 was 7.78 percent which is a decrease of 11.6 percent from the month before and a decrease

Continue reading... Mortgage Delinquencies Decline in March; Foreclosures on the rise

1. Serious mortgage delinquencies increase in January; first increase in more than 6 months A report issued by Lender Processing Services, one of...
2. Report shows enormous backlog of foreclosures A report issued by Lender Processing Services, one of...
3. Mortgage loan delinquency hits 2 year low; foreclose rate ties highest on record The Mortgage Bankers Association released the results of it’s National...

A “first-look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data, is somewhat encouraging as it shows the U.S. mortgage delinquency rate (not including foreclosures) for December was 8.83 percent which is a decrease of 2.1 percent from November’s rate of 9.02 percent.

On the

Continue reading... Foreclosures on the rise in December; Mortgage delinquences decline though

A report released this morning by CoreLogic shows  negative equity declined in third quarter of 2010 for residential properties, marking the third-consecutive quarterly decline. The CoreLogic reports that 10.8 million, or 22.5 percent, of all residential properties with mortgages were in negative equity at the end of the third quarter of 2010, down

Continue reading... Homeowner Negative Equity Declines for Third Straight Quarter

According to a report released by RealtyTrac, foreclosure homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010 and that the average sales price of properties that sold while in some stage of foreclosure was more than 32 percent below the average sales price of properties not

Continue reading... Buyers of distressed properties in third quarter reaped largest discount in five years