More "What's Brewing in Real Estate"

More news on "What's brewing in Real Estate"

Fannie Mae program designed to cut inventory concerns some - Faced with a large inventory of empty homes, Fannie Mae has a program aimed at selling its foreclosed homes. The program, HomePath, allows potential buyers to put down as little as 3-percent, but some believe the plan could actually lead to more foreclosures down the road. Valley Realtor Stanley Fosha does admit the Fannie Mae program has an upside. "With the program, there's the ability to get people in the house and get the house off the market which is great for the market, it could stabilize the market, but when it comes to these Fannie Mae homes, you look in any neighborhood and what's the lowest price, the Fannie Mae owned home." Read full article:
http://www.abc15.com/dpp/money/real_estate_news/fannie-mae-program-designed-to-cut-inventory-concerns-some

Real Estate Outlook: Clear Capital - It's no secret that the keys to a long-term housing recovery are a growing economy, more jobs and modest growth in home values. So it's significant that the latest numbers in all three of these area happen to be positive - they're not spectacular, but definitely pointed in a good direction. Last week's national Home Price Index from the real estate data firm, Clear Capital, found that housing values not only have stabilized in most parts of the country, but are gaining in many markets. In Barclays Capital's recent report on the "shadow inventory" of homes with seriously delinquent mortgages that haven't yet hit the REO market, researchers found the total inventory dropped for the fifth straight month. Read full article:
http://realtytimes.com/rtpages/20100913_realestateoutlook.htm