Archive for July 2008

Stable US Housing Market Needed Before Fed Lifts Rates

Jul 14th, 2008 | By RT Staff | Category: Financial News

Recent commentary from the US Federal Reserve has shown a shift from being concerned only about the risks to economic growth in the US to a more balanced outlook where the outlook for inflation is of equal concern for policymakers.
The question is will the Fed move to address the inflation outlook in the short-term given [...]



Housing Prices Deflating More Rapidly

Jul 14th, 2008 | By RT Staff | Category: Housing News

As the real estate crisis expands and deflates more housing markets across the nation, the Housing Predictor Worst 25 Market Forecasts are seeing growing deflation. The worst 25 market forecasts are issued at the beginning of each year, and have just been updated.
The ailing national economy, to an enormous extent was caused by the housing [...]



Tennessee Real Estate, It’s Not All Bad News

Jul 11th, 2008 | By RT Staff | Category: Housing News, South Region

In this soft market, there are still some developers forging ahead and creating new ownership opportunities as others have decided to close up shop and wait for calmer waters. Tennessee Land & Lakes is taking a pro-active approach, announcing the Grand Opening of Grande Harbour, a new community within Grande Vista Bay, on the shores [...]



Top Best Places to Buy Real Estate

Jul 11th, 2008 | By RT Staff | Category: Featured Articles

A list of bestneighborhoods to consider in today’s real estate market. Whether you are looking for a place to live, an investment property or a place to retire, here are the top places for 2008.
Austin and Round Rock, Texas:
Austin, one of the hippest cities in the country, has one of the lowest unemployment rates along [...]



Montana housing market fares better than most

Jul 10th, 2008 | By RT Staff | Category: Housing News, West Region

The director of the Montana Department of Revenue said wise mortgage decisions and a relatively strong economy have largely kept the state’s housing market above national turmoil.
Dan Bucks said the agency is intensely focused on the issue as it prepares for a statewide reappraisal of property taxes.
Lawmakers are worried that the agency will not adequately [...]



Foreclosure Filings Surge 53% in June, Bank Seizures Triple

Jul 10th, 2008 | By RT Staff | Category: Financial News

The number of homeowners forced to give up their homes jumped last month as foreclosure filings increased by more than 50 percent compared with June of last year.
One in every 501 U.S. households either lost the home to foreclosure, received at least one foreclosure-related notice or was warned of a pending auction. Bank seizures rose [...]



Poland is the second most attractive real estate market

Jul 10th, 2008 | By RT Staff | Category: International Realty

Poland has the second most attractive real estate market in Central-Eastern Europe and the ninth most attractive market in the world, according to a ranking by the A.T. Kerney strategy consulting company.
The A.T. Kearney Real Estate Opportunity Index 2008 ranking analyses the attractiveness of real estate markets in 50 developing countries. Points were awarded for [...]



BofA CEO: The housing market will come back

Jul 9th, 2008 | By RT Staff | Category: Housing News

Bank of America CEO Ken Lewis on Wednesday defended the company’s recent acquisition of Countrywide Financial and expressed optimism the housing market would recover from its stubborn slump.
Lewis, speaking at a Los Angeles Town Hall meeting titled “Mending the Mortgage Market,” maintained Countrywide’s franchise and big customer base positioned BofA strongly when the housing market [...]



Many foreclosures can’t be prevented

Jul 8th, 2008 | By RT Staff | Category: Financial News

Faced with record-high foreclosure rates, the Bush administration has been scrambling to keep people from losing their homes, but many are beyond help, Treasury Secretary Henry Paulson said today.
“There is little public policy-makers can, or should, do to compensate for untenable financial decisions,” Paulson told a forum on mortgage lending to low and medium-income [...]



Pending U.S. Home Resales Decline 4.7% in May

Jul 8th, 2008 | By RT Staff | Category: Housing News

In a sign that the U.S. housing market may weaken further, an index of sales contracts to buy previously owned U.S. homes declined 4.7% in May from the prior month, the National Association of Realtors reported Tuesday. The index, which is considered a leading indicator of existing home sales, was down 14% from the May [...]