Archive for February 2010

Half of South Florida homes sell for a loss

Feb 19th, 2010 | By Gregory Arzumanov | Category: Housing News, South Region

WEST PALM BEACH, Fla. Feb. 15, 2010 Nearly half of South Florida homes sold in December did so at a loss, a 4 percent increase from the previous year and a disturbing sign for anyone with a home on the market. The data, released by analysts at Zillow.com, evaluated sales by region, county [...]



Rates on 30-year home loans fall to 4.93%

Feb 19th, 2010 | By Gregory Arzumanov | Category: Financial News

WASHINGTON Feb. 19, 2010 Rates for 30-year home loans edged lower for the second straight week, a report said Thursday, but remained above last years record lows. The average rate on a 30-year fixed rate mortgage was 4.93 percent this week, down from 4.97 percent a week earlier, mortgage finance company Freddie Mac [...]



HUD asking for $41.6B for 2011 budget

Feb 2nd, 2010 | By Gregory Arzumanov | Category: Financial News

LOS ANGELES Feb. 2, 2010 The Department of Housing and Urban Development (HUD) said Monday it will ask for less money from Uncle Sam this year because it expects income from two of its agencies to more than double.
HUD operates the Federal Housing Administration and Ginnie Mae, in
addition to a host of affordable [...]



2009 national new home sales set record low

Feb 2nd, 2010 | By Gregory Arzumanov | Category: Housing News

WASHINGTON Feb. 2, 2010 New home sales last year dropped to the lowest level in recorded history as a budding economic recovery grappled with unemployment and forecasts of increasing foreclosures.
The Commerce Department said Wednesday sales of newly built homes fell 23 percent nationwide in 2009 from the previous year to 374,000 the [...]