News

More construction loans are going bad than any other kind. Percentage of loans by category that were 90 days or more past due among FDIC-insured lenders on March 31:
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With housing recovering slowly, most economists predicted in a recent survey that it would take at least five years for average home prices to climb back to the levels they commanded in 2006.
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Trend could portend fewer defaults, foreclosures down the road.A smaller percentage of U.S. homeowners were saddled with “underwater mortgages” in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate website Zillow.com said Monday.
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By Stan Luxenberg–Real estate mutual funds have been soaring. During the past year, the funds returned 39%, outpacing the S&P 500 by 25 percentage points, according to Morningstar.
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The latest edition of the Federal Reserve’s Beige Book depicts only intermittent, patchy spots of continued economic growth, with residential real estate markets across the country characterized as “sluggish,” and commercial real estate conditions garnering a descriptor of “weak.”
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Reflective of the real estate buyers’ market conditions in many regions in the U.S., satisfaction with real estate companies among home buyers has improved from 2009, while satisfaction among home sellers has declined
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Graph shows recorded showing activity for Santa Fe Sotheby’s International Realty

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The new financial overhaul law that President Obama signed into law is still being dissected, but some regulations that affect homebuying and mortgages have already been defined. Here are the key tenets:
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