Archive for December 2009

Banks start to embrace short sales

Dec 22nd, 2009 | By Gregory Arzumanov | Category: Financial News

WASHINGTON Dec. 22, 2009 Even before the government put pressure on them to embrace short sales, more banks were starting to take their lumps, do the short-sale deals and move on.
Three years into the housing meltdown, short sales have tripled to 40,000 in the first six months of 2009 compared to the same [...]



Sales of Existing Homes Increase More Than Forecast

Dec 22nd, 2009 | By Gregory Arzumanov | Category: Housing News

By Gregory Arzumanov
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Sales of existing U.S. homes rose more than forecast in November, to the highest level since February 2007, a sign housing is gaining strength along with the broader economy entering 2010. Purchases increased 7.4 percent to a 6.54 million annual rate from a revised 6.09 million pace the prior month, the National Association [...]



Foreclosure filings fall 8% in November

Dec 14th, 2009 | By Gregory Arzumanov | Category: Housing News

WASHINGTON (AP) Dec. 10, 2009 The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help.
Nearly 307,000 households, or one in every 417 homes, received a foreclosure-related notice in November, down 8 percent from a month earlier, [...]