Rebuffed by the expiration of the federal home buyer tax credit, Minnesota home sales are down as homeowners wait for spring time sales to pop back, while bankers slash housing prices on foreclosures to get them off the books. The Minnesota market, which has endured so much and appeared as though it may have been… Continue reading 2011 Minnesota Housing Market
2011 North Carolina Housing Market
Hoping the tough economy will soon be behind them, homeowners in North Carolina are looking for help and some especially hard hit unemployed and under-employed types will receive it from the federal government. The real estate boom treated the state wonderfully as it prospered and pushed a record number of new residents to move to… Continue reading 2011 North Carolina Housing Market
2011 Washington Housing Market
Slowed by high unemployment that lingered over 9% for a half a year, growing foreclosures and a troubled economy, Washington real estate is making little headway into any sort of a recovery. Washington’s unemployment figures leave the state in a stagnant growth pattern that is more than likely to lead to more foreclosures damaging housing… Continue reading 2011 Washington Housing Market
2011 South Dakota Housing Market
With the second best employment rate in the U.S. South Dakota is leading the nation into an economic recovery with its adjacent sister state North Dakota, especially in the housing market. But as two of the least populated states in the nation hardly anyone is noticing their improvements. Home sales modestly rose in South Dakota… Continue reading 2011 South Dakota Housing Market
2011 Mississippi Housing Market
Federal money to aid the hurting Gulf Coast region and funds from the White House program to help the housing market are improving economic conditions with a state government surplus to heal the Mississippi economy. The upsurge in the state’s housing market, however, was only a minor improvement for troubled markets from the home buyer… Continue reading 2011 Mississippi Housing Market
2011 Texas Housing Market
As one of only two states to experience job growth in the past year, Texas home values haven’t suffered like other areas of the country, but home prices are down from their historic highs. New jobs should boost home prices in some areas, but won’t be enough to help in others. Above every where else… Continue reading 2011 Texas Housing Market
2011 Rhode Island Housing Market
Sluggish home sales and high market volatility leaves Rhode Island’s housing markets in trouble even as the federal government’s Hardest Hit program injects $80-million in cash into the ailing economy. High joblessness and incredibly low home sales volume are hurting the economy, but some under-employed and unemployed workers will get help from the federal government… Continue reading 2011 Rhode Island Housing Market
2011 Alaska Housing Market
The numbers tell the story in Alaska. A mix of low risk mortgages helped to protect housing markets from the foreclosure crisis and other troubled home sales. Half as many homeowners in Alaska purchased subprime and adjustable rate mortgages as buyers bought more conservative mortgages, resulting in fewer foreclosures. The Alaska Department of Labor announced… Continue reading 2011 Alaska Housing Market
Settlement Likely in Robo-Signing Foreclosure Probe
By Kevin Chiu Iowa Attorney General Tom Miller, who is spearheading the 50 state probe into the robo-signing foreclosure scandal is seeking a settlement agreement with the major banks involved in the mess. Statements made by bank employees admitting to signing foreclosure documents in sworn affidavits without checking their accuracy led to the foreclosure scandal… Continue reading Settlement Likely in Robo-Signing Foreclosure Probe
Mortgage Rates Climb as Loan Applications Rise
By Mike Colpitts Fixed mortgage rates rose for the third straight week slightly as pent-up demand for housing got more applicants to apply for home mortgages. The rate on a 30-year fixed rate loan rose marginally just one basis point for the week to 4.81%. However, rates for all other types of mortgages declined for… Continue reading Mortgage Rates Climb as Loan Applications Rise