Some of the misconceived housing developments built during the boom years might have to be torn down because they don't make financial sense, according to Fannie Mae's chief economist.
There's an interesting perspective on the foreclosure/delinquency crisis in a new report being released today by the Government Accountability Office. The map shows seriously delinquent nonprime loans, shown by congressional district. You can click through to get a larger version of the map the Web site of Congress' Joint Economic Committee, which requested the study.
How much did the $8,000 first-time buyer tax credit boost local home sales? By about 1,900 deals that otherwise would not have occurred, according to local real estate analysts Delta Associates. The area's high prices and high number of transients makes our market less influenced by first-timers than most other parts of the country, Delta analysts say in a report released with Metropolitan Regional Information Systems Inc., the local multiple listing service.
Fannie mae announced a new program Thursday that will allow some homeowners facing foreclosure to hand the deed back to their lender but remain in the home as a renter. The idea behind their new "Deed for Lease Program" is that allowing rent-backs will minimize family displacement and stanch the deterioration of neighborhoods plagued by vacant foreclosures, according to Fannie's announcement.
First American CoreLogic's ePropertyWatch service allows users to set up a password-protected account and receive e-mail updates reporting recent home sales, foreclosures and, most important, the registration of any changes to public records reflecting your ownership of the home. Such changes could include liens or deed transfers filed without you knowing about it.
The 19th Annual Metro Washington, D.C., Tour of Solar Homes and Buildings is scheduled for this weekend, Oct. 3-5. And the National Mall is in the process of turning into one solar-powered housing development.
October 2, 2009; 6:00 AM ET |
Categories: Foreclosure , Home features , Mortgages , Neighborhoods , New construction , Outdoors , Poll , Remodeling and repair , Statistics , The economy , The market , Weekend Poll
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