All Entries Tagged With: "Economy"
Strategic Default Not an Option with Fannie Mae
If you are a homeowner who chooses to walk away from your Fannie Mae mortgage, don’t expect to get another one for seven years.
The government-backed mortgage buyer today unveiled a new policy designed to encourage struggling homeowners who have the means to make mortgage payments to pursue alternatives before settling on foreclosure.
According to Fannie Mae, [...]
Construction Activity Saw Largest Increase in Almost 10 Years
The hardest-hit sector of the real estate industry is showing signs of improvement.
The U.S. Census Bureau of the Department of Commerce on Tuesday announced that construction spending throughout the nation in April 2010 rose by 2.7 percent to an annual rate of $869.1 billion compared to March.
That’s the largest one-month increase since August 2000. To [...]
Home-Builder Confidence at Highest Point Since ‘07
Good news from the National Association of Home Builders: Builder confidence in new home sales is at its highest level in close to three years.
The NAHB on Monday released this month’s Home Market Index (HMI), which shows the demand for new construction and builder confidence in new-home sales. The HMI for May is 22; the [...]
Ever Been to a Home Auction? Here’s Your Chance
Want Chicago real estate? Why not buy it through an auction?
A Hudson & Marshall residential auction of approximately 60 Chicago-area, bank-owned homes will take place on Thursday, May 20 at 1 p.m. in the Hilton Chicago in Northbrook.
All properties, located in the city and surrounding suburbs, are being sold “as-is,” so it’s important to view [...]
Help is Here for Struggling Homeowners
The amount of U.S. homeowners facing foreclosure in April fell 2 percent from a year ago. Big deal, you think. Well, think again: It’s the first annual decline in five years.
RealtyTrac Inc., which tracks this kind of stuff, reports that 333,837 U.S. properties got default notices or were repossessed in April. That’s still one in [...]
