Could some of the most in-demand housing markets be cooling off?
CoreLogic, Home Price Index, HPI, January 2012, appreciation, depreciation
CoreLogic’s Home Price Index revealed home prices, including distressed sales, declined on a year-over-year basis by 3.1 percent in January 2012 and by 1 percent compared to January 2012, the sixth consecutive monthly decline.
The Hernando County (Florida) Housing Authority will propose a new program to provide no-interest loans to homeowners who might otherwise land in foreclosure.
NAHB, study, net profit, 2010, 2008, growth, operating costs, assets
A new report from NAHB shows single-family builders pulled in $7.1 million in revenue in 2010 and were left with $39,000 in net profit, a rate of 0.5 percent.
REO rental program, Bank of America Merrill Lynch, national foreclosures
Analysts with the Bank of America Merrill Lynch believe the federal government’s real estate-owned (REO) rental program could encompass 20 percent of the national foreclosure total.
CoreLogic, negative equity report, fourth quarter, 2011, debt, underwater
CoreLogic released negative equity data showing that 11.1 million, or 22.8 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011.
REO, Real Estate-Owned Initiative, Ranieri, research paper, Wall Street Journal
Lewis Ranieri — who’s credited as a co-inventor of the mortgage-backed security — has co-authored a new research paper supporting the federal government’s Real Estate-Owned (REO) Initiative program, according to the Wall Street Journal.
FHA, mortgage insurance premiums, increase, upfront, capital reserves
Federal Housing Administration (FHA) Commissioner Carol Galante announced Monday that the agency will be restructuring premiums for all FHA-insured single-family mortgage loans.
pending home sales, NAR, January, growth, National Association of Realtors
The National Association of Realtors reported that pending home sales reached their highest point in nearly two years in January, according to a story on HousingWire.
FHFA, Real Estate-Owned Initiative, REO, Fannie Mae, Freddie Mac, foreclosures
The Federal Housing Finance Agency (FHFA) has begun the first pilot transaction of its program to turn foreclosed Fannie Mae and Freddie Mac homes into rental properties, according to HousingWire.
Warren Buffett, housing, supply and demand, households
Despite his initial predictions for a housing recovery not panning out, Warren Buffett still believes the market will get back on track soon, according to Business Insider.