Tag Archives: Foreclosures

Will Fed’s Mortgage Buying Juice the Housing Recovery?

Home prices are stabilizing, and new construction is bouncing back, but apparently the U.S. Federal Reserve isn’t buying a bullish housing recovery.  Its announcement Thursday that it would buy up to $40 billion in agency mortgage-backed securities every month, with … Continue reading

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Pending Home Sales Beat Expectations in July

Despite expectations of a drop-off in home sales this fall, a forward-looking indicator shows a growing number of buyers are jumping back into the housing market. The National Association of Realtors’ Pending Home Sales Index rose 2.4 percent in July … Continue reading

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San Francisco Area Home Prices Jump to a Four-Year High

The median home price in the San Francisco Bay area climbed to the highest level in almost four years as more expensive properties made up a larger portion of transactions, according to DataQuick. The median paid last month was $421,000, … Continue reading

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Fannie Mae’s New CEO: ‘Comfortable’ With Decision Not to Slash Mortgage Balances

Fannie Mae is no longer bleeding cash, at least for now. After devastating losses since 2008, the mortgage giant reported its second straight quarter of positive net income, even after making a $2.9 billion dividend payment to the U.S. Treasury. … Continue reading

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In a Twist, Both Home Prices and Rents Rise

Home prices across the nation continued their upswing in June, according to a new report from CoreLogic. Including sales of foreclosures and short sales (selling for less than the value of the mortgage), prices rose 2.5 percent from a year … Continue reading

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