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FHFA Wants Short Sales To Be Shorter
Short sales have been the word of the day in the new normal of real estate. Since the housing downturn began, short sales went from being an obscure vehicle for distressed properties to a major movement. Millions of underwater homeowners have been saved from foreclosure with a short sale. Unfortunately, short sales aren’t exactly the [...]
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Positive Consumer Sentiment Spreads as Attitudes Stabilize
According to Fannie Mae’s February 2012 National Housing Survey, apparently Americans are starting to feel more upbeat about the economy. Across almost all indicators, consumer’s attitudes have stabilized. From personal finances to employment to housing, American consumers are indicating that their fears have begun to abate compared to the summer of 2011. Their confidence in [...]
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Housing Continues to Heal
It’s been six years since sellers’ asking prices have gone up on a year-to-year basis, according to the Department of Numbers website. The first time sellers’ asking prices showed a positive YOY gain was in December of 2011, and increased to 3.9% as of March 5th. The peak median asking price for homes in the [...]