Realtors Confidence Index Indicates Positive Expectations for 2010
By Brittany Dunn | 12/24/2009
To put it mildly, the real estate market during the last decade was a rollercoaster.
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To put it mildly, the real estate market during the last decade was a rollercoaster.
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As investors look back on the past 10 years, many will realize better returns could have been found almost anywhere else besides the stock market, making stocks the worst investment choice for the decade.
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The National Association of Realtors recently released the November Realtors Confidence Index (RCI), a key indicator of housing market strength based on a monthly survey of more than 50,000 Realtors.
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The second half of 2010 will be a time of stabilization or a renewed leg down in housing, and it all depends on how aggressively the industry can rein in the swell of foreclosures, according to a new study from the research team at Credit Suisse.
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While some housing experts argue that homeowners with negative equity are more likely to fall behind on their mortgage payments than those who lose their job, others argue that it's rising unemployment driving delinquencies in the housing sector and even adding to the woes of the commercial real estate market.
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The residential real estate sector has begun to show modest signs of recovery. Will the trend continue into 2010? PMI Mortgage Insurance Co. has provided the industry with a forecast of what to expect as we move into the new year.
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Commercial real estate in the United States has a long and bumpy road ahead with stability more than a year away for nearly every property type, according to a study commissioned by PricewaterhouseCoopers.
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Federal Reserve Chairman Ben Bernanke has been selected as TIME magazine's famed Person of the Year for 2009 for his role in steering the country through the worst financial crisis since the Great Depression.
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As investors look back on the past 10 years, many will realize better returns could have been found almost anywhere else besides the stock market.
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The U.S. Department of Treasury announced Tuesday that the American Recovery and Reinvestment Act (Recovery Act) has now provided more than $4 billion in funding, in an effort to spur the development of affordable housing around the country.
The Recovery Act has created innovative partnerships between federal and state governments to provide a much needed boost to local economies, said Neal Wolin, Treasury deputy secretary.
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On Monday, the Supreme Court added Rule 93 to the Maine Rules of Civil Procedure. Effective January 1, 2010 this new rule will govern the operation of the foreclosure diversion program.
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The Federal Housing Finance Agency (FHFA) released its monthly Housing Price Index (HPI) on Tuesday, showing housing prices in the United States rose 0.6 percent on a seasonally adjusted basis from September to October.
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According to the latest housing data released by Florida Realtors, both existing home and condo sales increased in November.
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In a recent announcement, Default Mitigation Management LLC (DMM), a loss mitigation company in Newport, Kentucky, recently announced new enhancements to its loss mitigation web portal.
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In an announcement Tuesday, the California Association of Realtors (C.A.R.) said it is extending its Mortgage Protection Program (MPP) for first-time homebuyers through December 31, 2010.
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The Chicago-based foreclosure law firm The Wirbicki Law Group, has founded Default Systems Solutions, LLC (DSS) to assist laws firms and trustees with the implementation of today's default management platforms.
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The National Association of Women REO Brokerages (NAWRB) announced this week that the organization has officially enacted the inclusion of all women-owned businesses connected to the REO industry.
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Consumer demand for home loans fell to a two-month low last week, following four weeks of steady increases.
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Commercial real estate values in the United States have sunk to their lowest level in seven years, with properties now carrying price tags not seen since 2002.
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Consumer delinquency rates for both first mortgages and home equity lines of credit rose again in November, Equifax Inc. said Tuesday.
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